Financials in USD. Standardized financial statements.
A compact view of how Tucows Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $390.30M | $362.27M | $339.34M | $321.14M | $304.34M | $311.20M | $337.14M | $346.01M | $329.42M | $189.82M |
| Revenue Growth? | +7.7% | +6.8% | +5.7% | +5.5% | -2.2% | -7.7% | -2.6% | +5.0% | +73.5% | 0.0% |
| Cost of Revenue? | $300.11M | $279.25M | $230.48M | $242.89M | $226.04M | $225.72M | $236.37M | $249.24M | $244.90M | $126.77M |
| Gross Profit? | $90.19M | $83.03M | $108.86M | $78.25M | $78.29M | $85.48M | $100.78M | $96.77M | $84.52M | $63.05M |
| Gross Margin? | +23.1% | +22.9% | +32.1% | +24.4% | +25.7% | +27.5% | +29.9% | +28.0% | +25.7% | +33.2% |
| Operating Expenses? | $105.25M | $148.04M | $172.51M | $109.91M | $86.07M | $78.57M | $71.44M | $67.19M | $57.43M | $38.06M |
| Operating Income? | -$15.06M | -$65.01M | -$63.65M | -$31.66M | -$7.77M | $6.92M | $29.34M | $29.32M | $27.08M | $25.05M |
| EBITDA? | $225.41M | -$1.82M | -$12.19M | $26.38M | $39.88M | $38.42M | $48.63M | $44.74M | $39.77M | $28.34M |
| Income Before Tax | -$67.31M | -$101.87M | -$103.07M | -$27.79M | $7.27M | $10.76M | $24.57M | $26.16M | $24.07M | $25.11M |
| Income Tax Expense | $8.51M | $7.99M | -$6.87M | -$217,000 | $3.91M | $4.99M | $9.17M | $9.02M | $1.75M | $9.05M |
| Net Income? | -$75.82M | -$109.86M | -$96.20M | -$27.57M | $3.36M | $5.78M | $15.40M | $17.14M | $22.33M | $16.07M |
| EPS? | $-6.85 | $-10.02 | $-8.85 | $-2.56 | $0.32 | $0.55 | $1.45 | $1.62 | $2.12 | $1.53 |
| Diluted EPS? | $-6.85 | $-10.02 | $-8.85 | $-2.56 | $0.31 | $0.54 | $1.43 | $1.59 | $2.07 | $1.50 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality