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| 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 |