Tucows (TCX) Inventory (2011 - 2026)
Tucows' Inventory came in at $3.19 million for Q1 2026, down 18.3% from $3.9 million a year earlier and down 17.7% from the prior quarter.
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Analysis
Tucows (TCX) Inventory (2011 - 2026) Analysis & Trends
At the end of FY2025, Tucows' Inventory was $3.87 million, down 2.6% from FY2024.
- Inventory has declined in each of the last three years, though with a five-year compound annual growth rate of 15.6% (FY2020 to FY2025).
- Going back by year, Inventory was $3.98 million in FY2024 (-41.4%), $6.79 million in FY2023 (-6.8%), $7.28 million in FY2022 (+122.3%) and $3.28 million in FY2021 (+74.8%).
- The Q1 2026 figure represents the lowest quarterly Inventory since Q3 2021.
- Year-over-year, Inventory has declined for ten consecutive quarters, with an average decline of 26.2% over the last eight quarters.
- The fastest year-over-year change in Inventory over five years came in Q2 2021 (growth of 193.9%), and the weakest in Q4 2024 (a decline of 41.4%).
- Business Quant data shows TCX's Inventory at $3.87 million (Q4 2025), $4.02 million (Q3 2025) and $4.02 million (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | 1.40 Bn |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | 1.75 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 |
|---|---|
| Mar 31, 2026 | 3.19 Mn |
| Dec 31, 2025 | 3.87 Mn |
| Sep 30, 2025 | 4.02 Mn |
| Jun 30, 2025 | 4.02 Mn |
| Mar 31, 2025 | 3.90 Mn |
| Dec 31, 2024 | 3.98 Mn |
| Sep 30, 2024 | 4.81 Mn |
| Jun 30, 2024 | 5.54 Mn |
| Mar 31, 2024 | 6.10 Mn |
| Dec 31, 2023 | 6.79 Mn |
| Sep 30, 2023 | 7.79 Mn |
| Jun 30, 2023 | 7.80 Mn |
| Mar 31, 2023 | 6.54 Mn |
| Dec 31, 2022 | 7.28 Mn |
| Sep 30, 2022 | 5.89 Mn |
| Jun 30, 2022 | 4.80 Mn |
| Mar 31, 2022 | 3.56 Mn |
| Dec 31, 2021 | 3.28 Mn |
| Sep 30, 2021 | 3.11 Mn |
| Jun 30, 2021 | 2.84 Mn |
API Access
Tucows Inventory 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=inventory&ticker=TCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "inventory", "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=inventory&ticker=TCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();