Tucows (TCX) Interest Expenses (2023 - 2026)
Tucows (TCX) recorded Interest Expenses of $14.17 million in Q1 2026, up 0.3% from $14.13 million a year earlier but down 2.6% from the prior quarter.
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Analysis
Tucows (TCX) Interest Expenses (2023 - 2026) Analysis & Trends
On a TTM basis, Tucows' Interest Expenses came in at $57.22 million as of Mar 31, 2026, up 2.8% year-over-year; for FY2025, it was $57.18 million, up 5.0% from FY2024.
- Annual Interest Expenses has increased for four straight years, with a four-year compound annual growth rate of 87.6% (FY2021 to FY2025).
- Across earlier years, Interest Expenses came in at $54.43 million in FY2024 (+17.7%), $46.26 million in FY2023 (+217.1%), $14.59 million in FY2022 (+216.0%) and $4.62 million in FY2021.
- Quarterly Interest Expenses has ranged from $7.93 million in Q1 2023 to $14.55 million in Q4 2025 over the past five years.
- On a year-over-year basis, Interest Expenses has increased for nine consecutive quarters, with growth averaging 6.3% over the last eight quarters.
- Across the past five years, year-over-year growth in Interest Expenses ran from 0.2% in Q4 2025 to 62.3% in Q1 2024.
- Per Business Quant, the preceding three quarters came in at $14.55 million (Q4 2025), $14.43 million (Q3 2025) and $14.08 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,809.31 Bn | 3,732.47 Bn | 60.48 Bn | 839.00 Mn |
| 2 | International Business Machines | 207.26 Bn | 158.16 Bn | 9.91 Bn | 486.00 Mn |
| 3 | Cloudflare | 111.87 Bn | 95.40 Bn | 499.52 Mn | 3.09 Mn |
| 4 | Equinix | 99.81 Bn | 88.37 Bn | 1.40 Bn | 151.00 Mn |
| 5 | Nebius | 59.68 Bn | 33.11 Bn | 448.70 Mn | -119.10 Mn |
| 6 | CoreWeave | 48.00 Bn | 35.10 Bn | 1.70 Bn | - |
| 7 | Verisign | 25.49 Bn | 22.71 Bn | 384.60 Mn | 19.20 Mn |
| 8 | Nutanix | 19.05 Bn | 10.74 Bn | 651.35 Mn | - |
| 9 | Akamai Technologies | 15.27 Bn | 8.68 Bn | 613.75 Mn | 9.08 Mn |
| 10 | Tucows | 105.47 Mn | -83.84 Mn | 25.78 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 14.17 Mn |
| Dec 31, 2025 | 14.55 Mn |
| Sep 30, 2025 | 14.43 Mn |
| Jun 30, 2025 | 14.08 Mn |
| Mar 31, 2025 | 14.13 Mn |
| Dec 31, 2024 | 14.52 Mn |
| Sep 30, 2024 | 13.80 Mn |
| Jun 30, 2024 | 13.23 Mn |
| Mar 31, 2024 | 12.88 Mn |
| Dec 31, 2023 | 13.98 Mn |
| Sep 30, 2023 | 13.74 Mn |
| Jun 30, 2023 | 10.61 Mn |
| Mar 31, 2023 | 7.93 Mn |
API Access
Tucows Interest Expenses 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=interest-expenses&ticker=TCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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=interest-expenses&ticker=TCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();