Tucows (TCX) Equity Average (2011 - 2026)
Tucows (TCX) reported Equity Average of -$172.8 million for Q1 2026, down 69.74% on a YoY basis from -$571.0 million in Q1 2025, and down 12.09% quarter-over-quarter from -$154.1 million in Q4 2025.
Tucows (TCX) Equity Average (2011 - 2026) Analysis & Trends
Tucows has reported Equity Average for 16 years, with the latest figure at -$172.8 million in Q1 2026.
- For the quarter ending Q1 2026, Equity Average fell 69.74% year-over-year to -$172.8 million; the trailing twelve-month figure through Mar 2026 stood at -$172.8 million (down 69.74% YoY), and the FY2025 full-year result was -$129.8 million, down 203.78% from the prior year.
- Equity Average for Q1 2026 stood at -$172.8 million, down from -$154.1 million in the prior quarter.
- The five-year high for Equity Average was $115.1 million in Q1 2022, with the low at -$172.8 million in Q1 2026.
- Historically, Equity Average has averaged -$9.8 million across 5 years, with a median of -$3.0 million in 2024.
- Annual changes were most pronounced in 2022 — Equity Average increased 8.48% — and 2025, when it tumbled 3254.08%.
- Tucows' Equity Average stood at $101.1 million in 2022, then tumbled by 80.26% to $20.0 million in 2023, then tumbled by 471.68% to -$74.2 million in 2024, then plunged by 107.76% to -$154.1 million in 2025, then slipped by 12.09% to -$172.8 million in 2026.
- The last three Equity Average figures came in at -$172.8 million (Q1 2026), -$154.1 million (Q4 2025), and -$132.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 263.58 Bn |
| 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 | 39.54 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 7.92 Bn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 9.03 Bn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 4.22 Bn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 1.11 Bn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 29.44 Bn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 1.49 Bn |
| 10 | Tucows | 151.74 Mn | 107.43 Mn | 24.13 Mn | -172.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -172.76 Mn |
| Dec 31, 2025 | -154.13 Mn |
| Sep 30, 2025 | -132.87 Mn |
| Jun 30, 2025 | -114.97 Mn |
| Mar 31, 2025 | -101.78 Mn |
| Dec 31, 2024 | -74.19 Mn |
| Sep 30, 2024 | -43.07 Mn |
| Jun 30, 2024 | -24.51 Mn |
| Mar 31, 2024 | -3.03 Mn |
| Dec 31, 2023 | 19.96 Mn |
| Sep 30, 2023 | 40.58 Mn |
| Jun 30, 2023 | 65.38 Mn |
| Mar 31, 2023 | 88.15 Mn |
| Dec 31, 2022 | 101.10 Mn |
| Sep 30, 2022 | 109.53 Mn |
| Jun 30, 2022 | 114.26 Mn |
| Mar 31, 2022 | 115.05 Mn |
| Dec 31, 2021 | 114.16 Mn |
| Sep 30, 2021 | 112.02 Mn |
| Jun 30, 2021 | 109.12 Mn |