Tucows (TCX) Operating Expenses (2010 - 2026)

Tucows' Operating Expenses history runs 17 years deep, the most recent figure standing at $28.4 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 11.24% year-over-year to $28.4 million in Q1 2026; TTM through Mar 2026 was $120.3 million, a 13.3% decrease from a year earlier, with the FY2025 full-year figure at $117.4 million, down 20.67% from the prior year.
• Operating Expenses retreated to $28.4 million in Q1 2026 per TCX's latest filing, from $33.1 million in the prior quarter.
• Across five years, Operating Expenses topped out at $51.6 million in Q4 2024 and bottomed at $25.0 million in Q2 2025.
• The 5-year median for Operating Expenses is $31.1 million (2023), against an average of $31.4 million.
• Across the five-year window, Operating Expenses soared 52.01% in 2024 and sank 35.76% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $30.0 million in 2022, then advanced by 13.04% to $33.9 million in 2023, then surged by 52.01% to $51.6 million in 2024, then sank by 35.76% to $33.1 million in 2025, then declined by 14.16% to $28.4 million in 2026.
• Per Business Quant, the three latest TCX Operating Expenses figures stand at $28.4 million (Q1 2026), $33.1 million (Q4 2025), and $33.8 million (Q3 2025).