Tucows (TCX) Common Equity (2010 - 2026)
Tucows (TCX) reported Common Equity of -$200.77 million for Q2 2026, compared with -$121.69 million a year earlier.
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Analysis
Tucows (TCX) Common Equity (2010 - 2026) Analysis & Trends
At the end of FY2025, Tucows posted Common Equity of -$164.2 million.
- By year, Common Equity came in at -$95.3 million in FY2024, $9.88 million in FY2023 (-89.8%), $96.66 million in FY2022 (-16.0%) and $115.09 million in FY2021 (+9.9%).
- The Q2 2026 figure ranks as the lowest quarterly Common Equity in data going back to Q4 2010.
- The high point for year-over-year Common Equity in five years was Q3 2021 (growth of 12.8%); the low point was Q4 2023 (a decline of 89.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at -$181.33 million (Q1 2026), -$164.2 million (Q4 2025) and -$144.06 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,949.85 Bn | 3,873.01 Bn | 60.48 Bn | 442.39 Bn |
| 2 | International Business Machines | 228.00 Bn | 178.81 Bn | 9.91 Bn | 34.54 Bn |
| 3 | Cloudflare | 103.51 Bn | 87.04 Bn | 499.52 Mn | 1.62 Bn |
| 4 | Equinix | 97.35 Bn | 85.92 Bn | 1.40 Bn | 14.38 Bn |
| 5 | Nebius | 41.52 Bn | 14.95 Bn | 448.70 Mn | 10.34 Bn |
| 6 | CoreWeave | 34.23 Bn | 21.32 Bn | 1.70 Bn | 5.02 Bn |
| 7 | Verisign | 27.83 Bn | 25.04 Bn | 384.60 Mn | -2.25 Bn |
| 8 | Nutanix | 18.34 Bn | 10.03 Bn | 651.35 Mn | 702.57 Mn |
| 9 | GoDaddy | 14.21 Bn | 9.79 Bn | 828.20 Mn | 6.70 Mn |
| 10 | Tucows | 101.57 Mn | -87.74 Mn | 25.78 Mn | -200.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -200.77 Mn |
| Mar 31, 2026 | -181.33 Mn |
| Dec 31, 2025 | -164.20 Mn |
| Sep 30, 2025 | -144.06 Mn |
| Jun 30, 2025 | -121.69 Mn |
| Mar 31, 2025 | -108.26 Mn |
| Dec 31, 2024 | -95.30 Mn |
| Sep 30, 2024 | -53.07 Mn |
| Jun 30, 2024 | -33.07 Mn |
| Mar 31, 2024 | -15.94 Mn |
| Dec 31, 2023 | 9.88 Mn |
| Sep 30, 2023 | 30.05 Mn |
| Jun 30, 2023 | 51.11 Mn |
| Mar 31, 2023 | 79.65 Mn |
| Dec 31, 2022 | 96.66 Mn |
| Sep 30, 2022 | 105.55 Mn |
| Jun 30, 2022 | 113.50 Mn |
| Mar 31, 2022 | 115.01 Mn |
| Dec 31, 2021 | 115.09 Mn |
| Sep 30, 2021 | 113.22 Mn |
API Access
Tucows Common Equity 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=common-equity&ticker=TCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=TCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();