Tucows (TCX) Market Capitalization (2010 - 2026)
Tucows (TCX) reported Market Capitalization of $150.34 million for Q2 2026, down 31.1% from $218.1 million a year earlier and down 21.3% from the prior quarter.
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Analysis
Tucows (TCX) Market Capitalization (2010 - 2026) Analysis & Trends
For FY2025, Tucows posted Market Capitalization of $249.12 million, up 32.0% from FY2024.
- Market Capitalization has a five-year compound annual growth rate of -20.5% (FY2020 to FY2025).
- By year, Market Capitalization came in at $188.79 million in FY2024 (-35.9%), $294.39 million in FY2023 (-19.8%), $366.92 million in FY2022 (-59.3%) and $900.85 million in FY2021 (+14.9%).
- The Q2 2026 figure ranks as the lowest quarterly Market Capitalization since Q2 2014.
- Year over year, Market Capitalization gained in four of the last eight quarters, with an average decline of 5.6%.
- The high point for year-over-year Market Capitalization in five years was Q4 2025 (growth of 32.0%); the low point was Q1 2023 (a decline of 71.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $191.06 million (Q1 2026), $249.12 million (Q4 2025) and $205.82 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,780.05 Bn | 3,703.20 Bn | 60.48 Bn |
| 2 | International Business Machines | 207.28 Bn | 158.18 Bn | 9.91 Bn |
| 3 | Cloudflare | 113.42 Bn | 96.95 Bn | 499.52 Mn |
| 4 | Equinix | 100.18 Bn | 88.73 Bn | 1.40 Bn |
| 5 | Nebius | 60.05 Bn | 33.49 Bn | 448.70 Mn |
| 6 | CoreWeave | 47.35 Bn | 34.44 Bn | 1.70 Bn |
| 7 | Verisign | 25.30 Bn | 22.51 Bn | 384.60 Mn |
| 8 | Nutanix | 18.96 Bn | 10.65 Bn | 651.35 Mn |
| 9 | Akamai Technologies | 15.57 Bn | 8.98 Bn | 613.75 Mn |
| 10 | Tucows | 107.59 Mn | -81.71 Mn | 25.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 150.34 Mn |
| Mar 31, 2026 | 191.06 Mn |
| Dec 31, 2025 | 249.12 Mn |
| Sep 30, 2025 | 205.82 Mn |
| Jun 30, 2025 | 218.10 Mn |
| Mar 31, 2025 | 186.27 Mn |
| Dec 31, 2024 | 188.79 Mn |
| Sep 30, 2024 | 229.48 Mn |
| Jun 30, 2024 | 211.69 Mn |
| Mar 31, 2024 | 202.84 Mn |
| Dec 31, 2023 | 294.39 Mn |
| Sep 30, 2023 | 222.04 Mn |
| Jun 30, 2023 | 301.33 Mn |
| Mar 31, 2023 | 210.67 Mn |
| Dec 31, 2022 | 366.92 Mn |
| Sep 30, 2022 | 403.68 Mn |
| Jun 30, 2022 | 479.32 Mn |
| Mar 31, 2022 | 735.08 Mn |
| Dec 31, 2021 | 900.85 Mn |
| Sep 30, 2021 | 844.51 Mn |
API Access
Tucows Market Capitalization 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=market-capitalization&ticker=TCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=TCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();