Tucows (TCX) Invested Capital (2010 - 2026)

Tucows has reported Invested Capital for 17 years, with the latest figure at -$181.1 million in Q1 2026.

• For the quarter ending Q1 2026, Invested Capital fell 68.01% year-over-year to -$181.1 million; the trailing twelve-month figure through Mar 2026 stood at -$181.1 million (down 68.01% YoY), and the FY2025 full-year result was -$164.1 million, down 74.55% from the prior year.
• Invested Capital for Q1 2026 stood at -$181.1 million, down from -$164.1 million in the prior quarter.
• The five-year high for Invested Capital was $115.0 million in Q1 2022, with the low at -$181.1 million in Q1 2026.
• Historically, Invested Capital has averaged -$18.3 million across 5 years, with a median of -$15.9 million in 2024.
• Annual changes were most pronounced in 2022 — Invested Capital rose 6.99% — and 2024, when it sank 1052.2%.
• Tucows' Invested Capital stood at $97.0 million in 2022, then sank by 89.82% to $9.9 million in 2023, then slumped by 1052.2% to -$94.0 million in 2024, then sank by 74.55% to -$164.1 million in 2025, then slipped by 10.33% to -$181.1 million in 2026.
• The last three Invested Capital figures came in at -$181.1 million (Q1 2026), -$164.1 million (Q4 2025), and -$143.5 million (Q3 2025), per Business Quant data.