Tucows (TCX) Cost of Revenue (2010 - 2026)

Tucows has reported Cost of Revenue for 17 years, with the latest figure at $72.5 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 2.04% year-over-year to $72.5 million; the trailing twelve-month figure through Mar 2026 stood at $422.3 million (up 60.02% YoY), and the FY2025 full-year result was $296.3 million, up 6.12% from the prior year.
• Cost of Revenue for Q1 2026 stood at $72.5 million, down from $261.5 million in the prior quarter.
• The five-year high for Cost of Revenue was $261.5 million in Q4 2025, with the low at -$127.1 million in Q4 2022.
• Historically, Cost of Revenue has averaged $51.8 million across 5 years, with a median of $60.1 million in 2022.
• Annual changes were most pronounced in 2022 — Cost of Revenue sank 610.4% — and 2024, when it soared 5689.9%.
• Tucows' Cost of Revenue stood at -$127.1 million in 2022, then soared by 98.99% to -$1.3 million in 2023, then soared by 5689.9% to $71.4 million in 2024, then soared by 266.37% to $261.5 million in 2025, then plunged by 72.27% to $72.5 million in 2026.
• The last three Cost of Revenue figures came in at $72.5 million (Q1 2026), $261.5 million (Q4 2025), and $11.9 million (Q3 2025), per Business Quant data.