Tucows (TCX) Operating Expenses (2010 - 2026)
Tucows (TCX) posted quarterly Operating Expenses of $28.4 million for Q1 2026, up 11.24% year-over-year from $25.6 million in Q1 2025, and down 14.16% quarter-over-quarter from $33.1 million in Q4 2025.
Tucows (TCX) Operating Expenses (2010 - 2026) Analysis & Trends
Tucows' Operating Expenses history runs 17 years deep, the most recent figure standing at $28.4 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 11.24% year-over-year to $28.4 million; the TTM figure through Mar 2026 stood at $120.3 million (down 13.3% YoY), while the FY2025 annual figure was $117.4 million, down 20.67% from the prior year.
- Operating Expenses for Q1 2026 stood at $28.4 million, down from $33.1 million in the prior quarter.
- The five-year high for Operating Expenses was $51.6 million in Q4 2024, with the low 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.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 52.01% in 2024, then plunged 35.76% in 2025.
- Tucows' Operating Expenses stood at $30.0 million in 2022, then gained by 13.04% to $33.9 million in 2023, then jumped by 52.01% to $51.6 million in 2024, then slumped by 35.76% to $33.1 million in 2025, then dropped by 14.16% to $28.4 million in 2026.
- Business Quant data shows TCX's Operating Expenses at $28.4 million in Q1 2026, $33.1 million in Q4 2025, and $33.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Tucows | 115.11 Mn | 70.95 Mn | 25.78 Mn | 31.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 31.24 Mn |
| Mar 31, 2026 | 28.44 Mn |
| Dec 31, 2025 | 33.13 Mn |
| Sep 30, 2025 | 33.76 Mn |
| Jun 30, 2025 | 24.99 Mn |
| Mar 31, 2025 | 25.56 Mn |
| Dec 31, 2024 | 51.57 Mn |
| Sep 30, 2024 | 32.24 Mn |
| Jun 30, 2024 | 29.41 Mn |
| Mar 31, 2024 | 34.84 Mn |
| Dec 31, 2023 | 33.92 Mn |
| Sep 30, 2023 | 33.92 Mn |
| Jun 30, 2023 | 31.13 Mn |
| Mar 31, 2023 | 31.34 Mn |
| Dec 31, 2022 | 30.01 Mn |
| Sep 30, 2022 | 27.37 Mn |
| Jun 30, 2022 | 26.49 Mn |
| Mar 31, 2022 | 26.05 Mn |
| Dec 31, 2021 | 25.96 Mn |
| Sep 30, 2021 | 21.25 Mn |