Tucows (TCX) Operating Expenses (2010 - 2026)

Tucows (TCX) has reported Operating Expenses for 17 consecutive years, with $31.2 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 25.02% year-over-year to $31.2 million; the trailing twelve-month figure through Jun 2026 stood at $126.6 million (down 5.8% YoY), and the FY2025 full-year result was $117.4 million, down 20.67% from the prior year.
• Operating Expenses climbed to $31.2 million in Q2 2026 per TCX's latest filing, from $28.4 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.
• Historically, Operating Expenses has averaged $31.4 million across 5 years, with a median of $31.2 million in 2023.
• The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 52.01% in 2024, then slumped 35.76% in 2025.
• Over 5 years, Operating Expenses stood at $30.0 million in 2022, then climbed by 13.04% to $33.9 million in 2023, then soared by 52.01% to $51.6 million in 2024, then plunged by 35.76% to $33.1 million in 2025, then decreased by 5.69% to $31.2 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $31.2 million, $28.4 million, and $33.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.