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Tucows Inc. (TC.TO)

CAD15.19 +0.48 (+3.26%)
CA TSX Technology Software - Infrastructure
Address 96 Mowat Avenue M6K 3M1
Toronto, ON, CA
CEO David Woroch
Website tucows.com
IPO 2005-08-23
ISIN US8986972060

Explore sections of this company profile

Also trades on NASDAQ Capital Market · TCX (USD) Toronto Stock Exchange · TC.TO (CAD)
Description

Tucows Inc., established in 1992 and based in Toronto, Canada, offers a range of Internet and telecommunications services spanning Canada, the United States, and Europe. Its diverse offerings include network access, domain name registration, email solutions, and mobile telephony. The company operates through three main divisions. Its Fiber Internet Services segment delivers high-speed, fixed internet connections to individual users and small enterprises, primarily via the Ting platform. This division also furnishes billing functionalities to smaller internet service providers. The Mobile Services segment provides mobile devices and retail telecommunications, alongside professional support services like implementation, training, consultation, and software development or modification. It also oversees the Mobile Services Enabler platform, which streamlines network access, service provisioning, and billing. The Domain Services segment focuses on wholesale and retail domain name registration and portfolio management. Additionally, it supplies various value-added services such as hosted email, internet security, web hosting, WHOIS privacy, and publishing utilities, marketed under brands like OpenSRS, eNom, Ascio, and Hover. The company previously operated as Infonautics, Inc. until its renaming to Tucows Inc. in August 2001.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD15.19 +0.48 (+3.26%)
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Volume Profile
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Liquidity & share structure
Average Volume
2.3K
Beta
0.90
Float Shares
8.71M
Free Float %
78.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.43% -15.48% -7.80% -20.89% -30.51% -33.27% -15.48% -43.50% -79.19% -34.96% +290.10%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
15.19
Ratings Trend (MoM) 0% Bullish
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
-0.28
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Software - Infrastructure: +13.7%
    +7.7% Q1'26: +1.9% (vs Q1'25)
  • EPS growth Software - Infrastructure: +28.7%
    +31.6% Q1'26: -18.2% (vs Q1'25)
  • FCF margin FCF growth · Software - Infrastructure: +32.2%
    -14.0% Q1'26: -2.1% (vs Q1'25)
  • EBIT margin Software - Infrastructure: +8.8%
    -2.6% Q1'26: -2.3% (vs Q1'25)
  • ROIC Software - Infrastructure: +6.6%
    -2.2% Q1'26: -1.9% (vs Q1'25)
  • Share dilution Software - Infrastructure: +0.0%
    +0.9% Q1'26: +0.8% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Infrastructure: -1.06×
    18.88× Q1'26: 3.18× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.91) × ERP
WACC = 19% × Ke + 81% × Kd (8.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 15.19
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2006
actual
Dec 2007
actual
Dec 2008
actual
Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
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Dec 2021
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Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
Revenue
65.03M
est: 65.62M (-0.9%)
74.64M
est: 76.34M (-2.2%)
78.47M
est: 81.71M (-4.0%)
80.94M
est: 83.13M (-2.6%)
84.58M
est: 87.39M (-3.2%)
97.06M
est: 94.70M (+2.5%)
129.93M
est: 130.58M (-0.5%)
147.67M
est: 149.31M (-1.1%)
172.94M
est: 174.71M (-1.0%)
189.82M
est: 191.05M (-0.6%)
329.42M
est: 323.12M (+2.0%)
346.01M
est: 371.86M (-6.9%)
337.15M
est: 333.09M (+1.2%)
311.20M
est: 337.42M (-7.8%)
304.34M
est: 298.87M (+1.8%)
321.14M
est: 325.00M (-1.2%)
339.34M
est: 327.22M (+3.7%)
362.28M
est: 341.40M (+6.1%)
390.30M
est: 451.60M (-13.6%)
492.70M
492.70M – 492.70M
+9.1% YoY
EBITDA
6.43M
est: 2.97M (+116.1%)
8.13M
est: 7.05M (+15.3%)
-1.62M
est: 3.70M (-143.7%)
15.71M
est: 9.69M (+62.2%)
5.39M
est: 20.08M (-73.2%)
5.53M
est: 4.29M (+28.8%)
7.96M
est: 5.92M (+34.4%)
11.16M
est: 6.77M (+64.9%)
20.68M
est: 12.73M (+62.5%)
27.77M
est: 21.50M (+29.2%)
39.52M
est: 14.94M (+164.5%)
44.74M
est: 17.20M (+160.2%)
48.63M
est: 15.40M (+215.8%)
38.42M
est: 15.60M (+146.3%)
20.38M
est: 13.82M (+47.5%)
26.25M
est: 15.03M (+74.7%)
-12.19M
est: 37.39M (-132.6%)
-1.82M
est: 13.68M (-113.3%)
36.12M
est: 18.09M (+99.7%)
19.74M
19.74M – 19.74M
+9.1% YoY
EBIT
2.57M
est: -4.18M (+161.6%)
2.62M
est: -4.86M (+154.0%)
-617.7K
est: -5.20M (+88.1%)
12.21M
est: -3.15M (+487.3%)
2.44M
est: 8.09M (-69.8%)
3.50M
est: -6.03M (+158.1%)
6.15M
est: -8.31M (+174.0%)
9.64M
est: -9.50M (+201.4%)
18.10M
est: 11.41M (+58.6%)
25.56M
est: 19.91M (+28.4%)
27.64M
est: -20.98M (+231.7%)
29.84M
est: -24.15M (+223.6%)
29.34M
est: -21.63M (+235.7%)
14.37M
est: -21.91M (+165.6%)
11.89M
est: -19.41M (+161.3%)
-13.33M
est: -21.10M (+36.8%)
-58.83M
est: 32.94M (-278.6%)
-47.44M
est: -27.09M (-75.1%)
-10.13M
est: -35.84M (+71.7%)
-39.10M
-39.10M – -39.10M
-9.1% YoY
Net Income
2.16M
est: 1.15M (+88.2%)
2.68M
est: 1.56M (+71.8%)
2.07M
est: 229.3K (+805.0%)
12.24M
est: 2.14M (+473.0%)
2.12M
est: 12.83M (-83.5%)
6.17M
est: 2.19M (+181.8%)
4.18M
est: 4.86M (-14.0%)
6.37M
est: 6.36M (+0.3%)
11.37M
est: 7.55M (+50.6%)
16.07M
est: 12.57M (+27.8%)
22.33M
est: 27.36M (-18.4%)
17.14M
est: 19.56M (-12.4%)
15.40M
est: 13.35M (+15.3%)
5.78M
est: 14.23M (-59.4%)
3.36M
est: 8.92M (-62.3%)
-27.57M
est: 16.51M (-267.0%)
-96.20M
est: 17.29M (-656.4%)
-109.86M
est: 34.34M (-419.9%)
-75.82M
— – —
SGA
11.88M
est: 15.53M (-23.5%)
11.08M
est: 18.06M (-38.7%)
13.48M
est: 19.33M (-30.3%)
11.37M
est: 13.73M (-17.2%)
10.10M
est: 11.98M (-15.7%)
13.54M
est: 22.41M (-39.6%)
19.35M
est: 30.90M (-37.4%)
23.90M
est: 22.07M (+8.3%)
29.20M
est: 28.31M (+3.1%)
32.16M
est: 31.01M (+3.7%)
43.02M
est: 66.38M (-35.2%)
50.77M
est: 89.76M (-43.4%)
52.15M
est: 80.40M (-35.1%)
54.54M
est: 81.45M (-33.0%)
61.84M
est: 72.14M (-14.3%)
84.78M
est: 78.45M (+8.1%)
101.21M
est: 58.55M (+72.9%)
96.45M
est: 86.41M (+11.6%)
91.26M
est: 114.30M (-20.2%)
124.70M
124.70M – 124.70M
+9.1% YoY
EPS
0.12
est: 0.10 (+15.3%)
0.16
est: 0.14 (+13.2%)
0.12
est: 0.02 (+536.6%)
0.72
est: 0.61 (+17.2%)
0.16
est: 0.12 (+32.0%)
0.46
est: 0.20 (+131.5%)
0.40
est: 0.44 (-9.3%)
0.57
est: 0.58 (-1.0%)
1.04
est: 1.08 (-4.0%)
1.53
est: 1.63 (-6.0%)
2.12
est: 1.63 (+30.4%)
1.62
est: 1.78 (-9.2%)
1.45
est: 1.22 (+19.1%)
0.55
est: 1.30 (-57.6%)
0.32
est: 0.81 (-60.7%)
-2.56
est: 1.51 (-270.1%)
-8.85
est: 2.91 (-403.7%)
-10.02
est: 3.09 (-424.6%)
-6.85
— – —
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-08 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-07 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-06 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-05 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-04 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-01 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-30 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-29 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-28 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-27 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-24 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-23 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-22 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-21 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
8.79M
OE per share TTM
0.80
Owner's Yield
3.95%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
75.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-13.2K
Shares Outstanding
11.15M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Justin Reilly Chief Executive Officer of Wavelo 881.6K male
Ivan Ivanov Chief Financial Officer, Secretary, Treasurer & Chief Executive Officer of Ting Internet 817.6K male
David Woroch President, CEO & President of Tucows Domains 755.8K male
Bret Fausett Chief Legal Officer & Vice President of Regulatory Affairs 709.7K male
Michael Cooperman Senior Advisor 437.1K male
Francisco Obispo Chief Technology Officer male
Kerris Hougardy Senior Vice President of People female
Jenn Didine Vice President of People female
Monica Webb Vice President of Investor Relations female
Neith Myrick Senior Vice President of Sales & Field Operations male
Steve Barnes Chief Product Officer
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits