Tucows Financial Statements From 2010 to 2025

TC Stock  CAD 27.45  0.69  2.45%   
Tucows' financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Tucows' valuation are provided below:
Gross Profit
131.5 M
Profit Margin
(0.27)
Market Capitalization
311.1 M
Enterprise Value Revenue
1.909
Revenue
369.4 M
We have found one hundred twenty available fundamental trend indicators for Tucows Inc, which can be analyzed and compared to other ratios and to its competition. Self-guided Investors are advised to double-check Tucows' current fundamentals against the trend between 2010 and 2025 to make sure the company can sustain itself down the road. As of the 29th of July 2025, Market Cap is likely to grow to about 197 M. Also, Enterprise Value is likely to grow to about 608.8 M

Tucows Total Revenue

380.39 Million

Check Tucows financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tucows' main balance sheet or income statement drivers, such as Depreciation And Amortization of 56.3 M, Interest Expense of 57.2 M or Selling General Administrative of 101.3 M, as well as many indicators such as Price To Sales Ratio of 0.49, Dividend Yield of 0.18 or Days Sales Outstanding of 35.4. Tucows financial statements analysis is a perfect complement when working with Tucows Valuation or Volatility modules.
  
This module can also supplement various Tucows Technical models . Check out the analysis of Tucows Correlation against competitors.

Tucows Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets796.7 M758.8 M370.1 M
Slightly volatile
Other Current Liabilities1.2 M1.3 M78 M
Slightly volatile
Total Current Liabilities209.8 M199.9 M129.9 M
Slightly volatile
Property Plant And Equipment Net385 M366.7 M120.9 M
Slightly volatile
Accounts Payable4.6 MM6.3 M
Slightly volatile
Cash59.7 M56.9 M23.4 M
Slightly volatile
Non Current Assets Total581.1 M553.4 M245.1 M
Slightly volatile
Non Currrent Assets Other32.2 M30.6 M17.6 M
Slightly volatile
Cash And Short Term Investments111.9 M106.6 M29.7 M
Slightly volatile
Net Receivables21.9 M20.9 M13.2 M
Slightly volatile
Common Stock Shares Outstanding12.9 M11 M10.8 M
Pretty Stable
Liabilities And Stockholders Equity964.1 M918.2 M390.5 M
Slightly volatile
Other Current Assets144.5 M137.6 M88.1 M
Slightly volatile
Other Stockholder Equity12 M12.7 M16 M
Slightly volatile
Total Liabilities896.8 M854.1 M334.1 M
Slightly volatile
Property Plant And Equipment Gross549.6 M523.4 M156.5 M
Slightly volatile
Total Current Assets215.7 M205.4 M125.1 M
Slightly volatile
Short and Long Term Debt Total686.2 M653.5 M174.8 M
Slightly volatile
Non Current Liabilities Total687 M654.2 M204.2 M
Slightly volatile
Short Term Debt3.5 M6.2 M5.3 M
Pretty Stable
Short Term Investments1.5 M1.6 M2.1 M
Slightly volatile
Current Deferred Revenue167.5 M159.5 M105.2 M
Slightly volatile
Common Stock Total Equity13.2 M18.7 M18.5 M
Pretty Stable
Inventory3.5 MM2.7 M
Slightly volatile
Intangible Assets27.8 M24.8 M30.2 M
Slightly volatile
Common Stock21.1 M39.5 M22.4 M
Pretty Stable
Good Will157.5 M150 M76.5 M
Slightly volatile
Other Liabilities41.4 M43.8 M35.1 M
Slightly volatile
Other Assets21 M23.7 M19.2 M
Slightly volatile
Short and Long Term Debt22.2 M21.2 M12.8 M
Slightly volatile
Property Plant Equipment364.6 M347.3 M114.4 M
Slightly volatile
Long Term Debt506.2 M482.1 M137.5 M
Slightly volatile
Deferred Long Term Liabilities15.3 M16.5 M19 M
Slightly volatile
Capital Surpluse1.8 M1.3 M2.2 M
Slightly volatile
Net Invested Capital300.7 M386.8 M215.5 M
Slightly volatile
Capital Stock29 M36.6 M21.3 M
Slightly volatile
Capital Lease Obligations19.9 M31 M14.1 M
Slightly volatile
Non Current Liabilities Other2.1 M1.6 M2.9 M
Slightly volatile

Tucows Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization56.3 M53.6 M19.2 M
Slightly volatile
Selling General Administrative101.3 M96.5 M26.2 M
Slightly volatile
Total Revenue380.4 M362.3 M242.8 M
Slightly volatile
Gross Profit43.7 M83 M62.4 M
Slightly volatile
Other Operating Expenses486.6 M463.4 M252.8 M
Slightly volatile
Cost Of Revenue293.2 M279.2 M177.7 M
Slightly volatile
Total Operating Expenses418.5 M398.6 M102.6 M
Slightly volatile
Research Development19.6 M18.6 M8.6 M
Slightly volatile
Selling And Marketing Expenses81.9 M78 M33.8 M
Slightly volatile
Non Recurring187.4 K100.1 K262.6 K
Slightly volatile
Interest Income3.3 M3.2 M1.9 M
Slightly volatile
Reconciled Depreciation31.6 M45.6 M21.6 M
Slightly volatile

Tucows Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow110.2 M105 M23 M
Slightly volatile
Depreciation47.9 M45.6 M18.1 M
Slightly volatile
Capital Expenditures59.9 M57 M36.2 M
Slightly volatile
End Period Cash Flow76.9 M73.2 M27.9 M
Slightly volatile
Stock Based Compensation7.4 MMM
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.490.51892.7334
Slightly volatile
Dividend Yield0.180.190.2122
Slightly volatile
Days Sales Outstanding35.421.253725.9043
Pretty Stable
Average Payables5.6 M5.3 M4.6 M
Slightly volatile
Stock Based Compensation To Revenue0.01840.01940.283
Slightly volatile
Capex To Depreciation1.081.23761.8388
Pretty Stable
EV To Sales1.851.77822.4018
Pretty Stable
Inventory Turnover10170.2506112
Slightly volatile
Days Of Inventory On Hand4.945.19576.0919
Pretty Stable
Payables Turnover20.0130.996330.2794
Slightly volatile
Sales General And Administrative To Revenue0.09720.10230.0859
Pretty Stable
Average Inventory1.2 M1.9 M1.5 M
Slightly volatile
Research And Ddevelopement To Revenue0.05390.05140.0393
Slightly volatile
Capex To Revenue0.160.15580.1337
Slightly volatile
Cash Per Share5.455.18832.5405
Slightly volatile
Days Payables Outstanding11.1911.775632.994
Slightly volatile
Intangibles To Total Assets0.340.20450.3423
Slightly volatile
Current Ratio1.641.02771.6346
Slightly volatile
Receivables Turnover27.0317.173518.9456
Pretty Stable
Capex Per Share5.415.14793.3949
Slightly volatile
Average Receivables11.1 M10.6 M9.5 M
Slightly volatile
Revenue Per Share34.6833.031422.4775
Slightly volatile
Interest Debt Per Share54.3451.748315.5557
Slightly volatile
Debt To Assets0.710.67620.2567
Slightly volatile
Graham Number12.6910.0715.897
Slightly volatile
Operating Cycle49.926.449430.6617
Very volatile
Days Of Payables Outstanding11.1911.775632.994
Slightly volatile
Long Term Debt To Capitalization1.311.24640.494
Slightly volatile
Total Debt To Capitalization1.291.22810.4909
Slightly volatile
Quick Ratio1.61.00781.6179
Slightly volatile
Net Income Per E B T0.921.07840.8303
Pretty Stable
Cash Ratio0.520.28470.5624
Slightly volatile
Days Of Inventory Outstanding4.945.19576.0919
Pretty Stable
Days Of Sales Outstanding35.421.253725.9043
Pretty Stable
Fixed Asset Turnover0.940.98824.3337
Slightly volatile
Debt Ratio0.710.67620.2567
Slightly volatile
Price Sales Ratio0.490.51892.7334
Slightly volatile
Asset Turnover0.940.47740.812
Pretty Stable
Gross Profit Margin0.350.22920.312
Slightly volatile

Tucows Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap197 M169.2 M383.8 M
Slightly volatile

Tucows Fundamental Market Drivers

Forward Price Earnings29.0698

About Tucows Financial Statements

Tucows investors utilize fundamental indicators, such as revenue or net income, to predict how Tucows Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue159.5 M167.5 M
Total Revenue362.3 M380.4 M
Cost Of Revenue279.2 M293.2 M
Stock Based Compensation To Revenue 0.02  0.02 
Sales General And Administrative To Revenue 0.10  0.10 
Research And Ddevelopement To Revenue 0.05  0.05 
Capex To Revenue 0.16  0.16 
Revenue Per Share 33.03  34.68 
Ebit Per Revenue(0.18)(0.19)

Pair Trading with Tucows

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tucows position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tucows will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tucows Stock

  0.92T Telus Corp Earnings Call This WeekPairCorr
  0.88WCP Whitecap ResourcesPairCorr
  0.63CNQ Canadian Natural ResPairCorr
  0.92TD Toronto Dominion BankPairCorr

Moving against Tucows Stock

  0.63TRP TC Energy Corp Earnings Call This WeekPairCorr
  0.52ENB Enbridge Earnings Call This WeekPairCorr
The ability to find closely correlated positions to Tucows could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tucows when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tucows - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tucows Inc to buy it.
The correlation of Tucows is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tucows moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tucows Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tucows can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Tucows Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tucows' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tucows Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tucows Inc Stock:
Check out the analysis of Tucows Correlation against competitors.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Please note, there is a significant difference between Tucows' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tucows is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tucows' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.