Tucows (TCX) EBITDA (2010 - 2026)
Tucows (TCX) reported EBITDA of -$18.2 million for Q1 2026, down 25.51% on a YoY basis from -$24.5 million in Q1 2025, and up 15.77% quarter-over-quarter from -$21.7 million in Q4 2025.
Tucows (TCX) EBITDA (2010 - 2026) Analysis & Trends
Tucows has reported EBITDA for 17 years, with the latest figure at -$18.2 million in Q1 2026.
- For the quarter ending Q1 2026, EBITDA fell 25.51% year-over-year to -$18.2 million; the trailing twelve-month figure through Mar 2026 stood at -$78.6 million (up 20.83% YoY), and the FY2025 full-year result was -$74.9 million, up 33.44% from the prior year.
- EBITDA for Q1 2026 stood at -$18.2 million, up from -$21.7 million in the prior quarter.
- The five-year high for EBITDA was -$2.0 million in Q1 2022, with the low at -$44.0 million in Q4 2024.
- Historically, EBITDA has averaged -$19.3 million across 5 years, with a median of -$19.3 million in 2023.
- The largest YoY upside for EBITDA was 64.32% in 2022 against a maximum downside of 97450.0% in 2022.
- Tucows' EBITDA stood at -$12.4 million in 2022, then sank by 75.91% to -$21.8 million in 2023, then tumbled by 101.85% to -$44.0 million in 2024, then surged by 50.75% to -$21.7 million in 2025, then increased by 15.77% to -$18.2 million in 2026.
- The last three EBITDA figures came in at -$18.2 million (Q1 2026), -$21.7 million (Q4 2025), and -$23.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 38.40 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 372,000.00 |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 5.46 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 754.00 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 397.00 Mn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 13.79 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 580.00 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 203.05 Mn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -61.99 Mn |
| 10 | Tucows | 151.74 Mn | 107.43 Mn | 24.13 Mn | -18.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -18.24 Mn |
| Dec 31, 2025 | -21.66 Mn |
| Sep 30, 2025 | -23.81 Mn |
| Jun 30, 2025 | -14.91 Mn |
| Mar 31, 2025 | -14.53 Mn |
| Dec 31, 2024 | -43.98 Mn |
| Sep 30, 2024 | -21.89 Mn |
| Jun 30, 2024 | -18.91 Mn |
| Mar 31, 2024 | -27.78 Mn |
| Dec 31, 2023 | -21.79 Mn |
| Sep 30, 2023 | -23.44 Mn |
| Jun 30, 2023 | -30.78 Mn |
| Mar 31, 2023 | -19.25 Mn |
| Dec 31, 2022 | -12.39 Mn |
| Sep 30, 2022 | -9.76 Mn |
| Jun 30, 2022 | -3.00 Mn |
| Mar 31, 2022 | -1.99 Mn |
| Dec 31, 2021 | -34.71 Mn |
| Sep 30, 2021 | -10,000.00 |
| Jun 30, 2021 | 11.16 Mn |