Tucows (TCX) Capital Expenditures (2010 - 2026)
Tucows (TCX) reported Capital Expenditures of $5.05 million for Q2 2026, up 45.7% from $3.47 million a year earlier but down 8.6% from the prior quarter.
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Analysis
Tucows (TCX) Capital Expenditures (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Tucows' Capital Expenditures came in at $18.79 million, down 46.4% year-over-year; for FY2025, it came in at $17.11 million, down 69.7% from FY2024.
- Capital Expenditures has declined for three consecutive years, with a five-year compound annual growth rate of -17.4% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $56.46 million in FY2024 (-38.7%), $92.06 million in FY2023 (-32.7%), $136.71 million in FY2022 (+86.8%) and $73.18 million in FY2021 (+64.7%).
- Five-year quarterly Capital Expenditures spans a low of $3.47 million in Q2 2025 and a high of $46.68 million in Q3 2022.
- Year over year, Capital Expenditures gained in two of the last eight quarters, with an average decline of 35.6%.
- The high point for year-over-year Capital Expenditures in five years was Q3 2022 (growth of 222.2%); the low point was Q2 2025 (a decline of 78.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $5.53 million (Q1 2026), $4.36 million (Q4 2025) and $3.85 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,809.31 Bn | 3,732.47 Bn | 60.48 Bn | 35.80 Bn |
| 2 | International Business Machines | 207.26 Bn | 158.16 Bn | 9.91 Bn | 229.00 Mn |
| 3 | Cloudflare | 111.87 Bn | 95.40 Bn | 499.52 Mn | 49.96 Mn |
| 4 | Equinix | 99.81 Bn | 88.37 Bn | 1.40 Bn | 1.58 Bn |
| 5 | Nebius | 59.68 Bn | 33.11 Bn | 448.70 Mn | -5.66 Bn |
| 6 | CoreWeave | 48.00 Bn | 35.10 Bn | 1.70 Bn | 6.42 Bn |
| 7 | Verisign | 25.49 Bn | 22.71 Bn | 384.60 Mn | 18.80 Mn |
| 8 | Nutanix | 19.05 Bn | 10.74 Bn | 651.35 Mn | 37.44 Mn |
| 9 | Akamai Technologies | 15.27 Bn | 8.68 Bn | 613.75 Mn | 144.93 Mn |
| 10 | Tucows | 105.47 Mn | -83.84 Mn | 25.78 Mn | 5.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.05 Mn |
| Mar 31, 2026 | 5.53 Mn |
| Dec 31, 2025 | 4.36 Mn |
| Sep 30, 2025 | 3.85 Mn |
| Jun 30, 2025 | 3.47 Mn |
| Mar 31, 2025 | 5.44 Mn |
| Dec 31, 2024 | 11.67 Mn |
| Sep 30, 2024 | 14.52 Mn |
| Jun 30, 2024 | 15.96 Mn |
| Mar 31, 2024 | 14.32 Mn |
| Dec 31, 2023 | 14.58 Mn |
| Sep 30, 2023 | 22.57 Mn |
| Jun 30, 2023 | 23.16 Mn |
| Mar 31, 2023 | 31.75 Mn |
| Dec 31, 2022 | 36.69 Mn |
| Sep 30, 2022 | 46.68 Mn |
| Jun 30, 2022 | 30.29 Mn |
| Mar 31, 2022 | 23.05 Mn |
| Dec 31, 2021 | 23.08 Mn |
| Sep 30, 2021 | 14.49 Mn |
API Access
Tucows Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=TCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "TCX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=TCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();