Tucows (TCX) Operating Expenses (2010 - 2026)

Tucows has reported Operating Expenses for 17 years, with the latest figure at $28.4 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 11.24% year-over-year to $28.4 million; the trailing twelve-month figure through Mar 2026 stood at $120.3 million (down 13.3% YoY), and the FY2025 full-year result 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.
• Historically, Operating Expenses has averaged $31.4 million across 5 years, with a median of $31.1 million in 2023.
• Annual changes were most pronounced in 2024 — Operating Expenses jumped 52.01% — and 2025, when it sank 35.76%.
• 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.
• The last three Operating Expenses figures came in at $28.4 million (Q1 2026), $33.1 million (Q4 2025), and $33.8 million (Q3 2025), per Business Quant data.