Growth Metrics

Tucows (TCX) Cost of Revenue (2016 - 2025)

Tucows' Cost of Revenue history spans 16 years, with the latest figure at $8.8 million for Q4 2025.

  • For Q4 2025, Cost of Revenue fell 92.89% year-over-year to $8.8 million; the TTM value through Dec 2025 reached $106.1 million, down 67.98%, while the annual FY2025 figure was $230.6 million, 17.42% down from the prior year.
  • Cost of Revenue reached $8.8 million in Q4 2025 per TCX's latest filing, down from $74.4 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $223.6 million in Q4 2023 to a low of -$127.1 million in Q4 2022.
  • Average Cost of Revenue over 5 years is $46.4 million, with a median of $49.4 million recorded in 2022.
  • The largest YoY upside for Cost of Revenue was 494.65% in 2022 against a maximum downside of 256.51% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at $81.2 million in 2021, then crashed by 256.51% to -$127.1 million in 2022, then surged by 276.0% to $223.6 million in 2023, then plummeted by 44.77% to $123.5 million in 2024, then plummeted by 92.89% to $8.8 million in 2025.
  • Per Business Quant, the three most recent readings for TCX's Cost of Revenue are $8.8 million (Q4 2025), $74.4 million (Q3 2025), and $11.9 million (Q2 2025).