Tucows (TCX) Enterprise Value (2010 - 2026)
Tucows (TCX) posted Enterprise Value of $106.17 million for Q2 2026, down 36.1% from $166.08 million a year earlier and down 27.7% from the prior quarter.
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Analysis
Tucows (TCX) Enterprise Value (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Enterprise Value at Tucows was -$38.97 million; for FY2025, it came in at $202.36 million, up 53.4% from FY2024.
- Annual Enterprise Value shows a five-year compound annual growth rate of -23.6% (FY2020 to FY2025).
- In prior years, Tucows' Enterprise Value was $131.89 million in FY2024 (-34.6%), $201.7 million in FY2023 (-41.3%), $343.42 million in FY2022 (-61.5%) and $891.74 million in FY2021 (+14.9%).
- The Q2 2026 figure stands as the lowest quarterly Enterprise Value since Q3 2013.
- On a year-over-year basis, Enterprise Value increased in three of the last eight quarters, with growth averaging 3.0%.
- The strongest year-over-year quarter for Enterprise Value in the past five years was Q4 2025, with growth of 53.4%; the weakest was Q1 2023, with a decline of 72.7%.
- According to Business Quant data, Enterprise Value for the three prior quarters was $146.76 million (Q1 2026), $202.36 million (Q4 2025) and $151.75 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn |
| 10 | Tucows | 107.03 Mn | -82.27 Mn | 25.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 106.17 Mn |
| Mar 31, 2026 | 146.76 Mn |
| Dec 31, 2025 | 202.36 Mn |
| Sep 30, 2025 | 151.75 Mn |
| Jun 30, 2025 | 166.08 Mn |
| Mar 31, 2025 | 148.19 Mn |
| Dec 31, 2024 | 131.89 Mn |
| Sep 30, 2024 | 154.27 Mn |
| Jun 30, 2024 | 172.41 Mn |
| Mar 31, 2024 | 136.25 Mn |
| Dec 31, 2023 | 201.70 Mn |
| Sep 30, 2023 | 111.31 Mn |
| Jun 30, 2023 | 153.47 Mn |
| Mar 31, 2023 | 198.90 Mn |
| Dec 31, 2022 | 343.42 Mn |
| Sep 30, 2022 | 397.17 Mn |
| Jun 30, 2022 | 472.81 Mn |
| Mar 31, 2022 | 728.88 Mn |
| Dec 31, 2021 | 891.74 Mn |
| Sep 30, 2021 | 838.98 Mn |
API Access
Tucows Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=TCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "TCX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=TCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();