Tucows (TCX) Debt to Equity (2010 - 2026)
Tucows (TCX) reported Debt to Equity of -$1.05 for Q1 2026, up 41.14% on a YoY basis from -$0.74 in Q1 2025, and up 40.82% quarter-over-quarter from -$1.78 in Q4 2025.
Tucows (TCX) Debt to Equity (2010 - 2026) Analysis & Trends
Tucows has reported Debt to Equity for 17 years, with the latest figure at -$1.05 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity rose 41.14% year-over-year to -$1.05; the trailing twelve-month figure through Mar 2026 stood at -$1.05 (up 41.14% YoY), and the FY2025 full-year result was -$1.78, up 13.91% from the prior year.
- Debt to Equity for Q1 2026 stood at -$1.05, up from -$1.78 in the prior quarter.
- The five-year high for Debt to Equity was $21.3 in Q4 2023, with the low at -$12.86 in Q1 2024.
- Historically, Debt to Equity has averaged $0.38 across 5 years, with a median of -$1.05 in 2026.
- Annual changes were most pronounced in 2023 — Debt to Equity surged 1339993.06% — and 2024, when it slumped 533.67%.
- Tucows' Debt to Equity stood at $0.0 in 2022, then soared by 529194.5% to $21.3 in 2023, then slumped by 109.69% to -$2.06 in 2024, then advanced by 13.91% to -$1.78 in 2025, then surged by 40.82% to -$1.05 in 2026.
- The last three Debt to Equity figures came in at -$1.05 (Q1 2026), -$1.78 (Q4 2025), and -$1.33 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 0.10 |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | - |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 3.24 |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | - |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | - |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 0.17 |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 0.50 |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 0.33 |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 0.85 |
| 10 | Tucows | 151.74 Mn | 107.43 Mn | 24.13 Mn | -1.05 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.05 |
| Dec 31, 2025 | -1.78 |
| Sep 30, 2025 | -1.33 |
| Jun 30, 2025 | -1.59 |
| Mar 31, 2025 | -1.79 |
| Dec 31, 2024 | -2.06 |
| Sep 30, 2024 | -5.40 |
| Jun 30, 2024 | -6.01 |
| Mar 31, 2024 | -12.86 |
| Dec 31, 2023 | 21.30 |
| Sep 30, 2023 | 7.39 |
| Jun 30, 2023 | 4.49 |
| Mar 31, 2023 | 2.96 |
| Dec 31, 2022 | 0.00 |
| Sep 30, 2022 | 2.28 |
| Jun 30, 2022 | 0.00 |
| Mar 31, 2022 | 1.80 |
| Dec 31, 2021 | 1.66 |
| Sep 30, 2021 | 1.33 |
| Jun 30, 2021 | 1.26 |