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
DateValue
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