Growth Metrics

Tucows (TCX) Invested Capital (2016 - 2025)

Tucows' Invested Capital history spans 16 years, with the latest figure at -$164.1 million for Q4 2025.

  • For Q4 2025, Invested Capital fell 74.55% year-over-year to -$164.1 million; the TTM value through Dec 2025 reached -$164.1 million, down 74.55%, while the annual FY2025 figure was -$164.1 million, 74.55% down from the prior year.
  • Invested Capital reached -$164.1 million in Q4 2025 per TCX's latest filing, down from -$143.5 million in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $115.2 million in Q4 2021 to a low of -$164.1 million in Q4 2025.
  • Average Invested Capital over 5 years is $15.9 million, with a median of $40.6 million recorded in 2023.
  • Peak YoY movement for Invested Capital: grew 13.27% in 2021, then plummeted 1052.2% in 2024.
  • A 5-year view of Invested Capital shows it stood at $115.2 million in 2021, then fell by 15.77% to $97.0 million in 2022, then tumbled by 89.82% to $9.9 million in 2023, then tumbled by 1052.2% to -$94.0 million in 2024, then plummeted by 74.55% to -$164.1 million in 2025.
  • Per Business Quant, the three most recent readings for TCX's Invested Capital are -$164.1 million (Q4 2025), -$143.5 million (Q3 2025), and -$121.7 million (Q2 2025).