Tucows (TCX) Debt to Equity (2010 - 2026)

Tucows (TCX) posted Debt to Equity of -$1.05 for Q1 2026, up 40.82% quarter-over-quarter from -$1.78 in Q4 2025, and up 41.14% year-on-year from -$0.74 in Q1 2025.

Tucows (TCX) Debt to Equity (2010 - 2026) Analysis & Trends

Tucows (TCX) has reported Debt to Equity for 17 consecutive years, with -$1.05 the latest figure, recorded in Q1 2026.

  • Debt to Equity for Q1 2026 came in at -$1.05, up 41.14% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.05 (up 41.14% YoY), and the FY2025 annual result was -$1.78, up 13.91% from the prior year.
  • Debt to Equity was -$1.05 for Q1 2026 at Tucows, up from -$1.78 in the prior quarter.
  • Over five years, Debt to Equity peaked at $21.3 in Q4 2023 and troughed at -$12.86 in Q1 2024.
  • Average Debt to Equity over 5 years is $0.38, with a median of -$1.05 recorded in 2026.
  • Year-over-year, Debt to Equity jumped 1339993.06% in 2023 and plunged 533.67% in 2024.
  • Over 5 years, Debt to Equity stood at $0.0 in 2022, then soared by 529194.5% to $21.3 in 2023, then sank by 109.69% to -$2.06 in 2024, then increased by 13.91% to -$1.78 in 2025, then surged by 40.82% to -$1.05 in 2026.
  • Per Business Quant data, the three most recent Debt to Equity figures were -$1.05 in Q1 2026, -$1.78 in Q4 2025, and -$1.33 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 0.10
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 2.84
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn -
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn -
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 0.17
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 0.50
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 0.85
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 0.33
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 0.08
10 Tucows 153.30 Mn 108.99 Mn 24.13 Mn -1.05

Historic Data

Download Data
DateValue
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