Tucows (TCX) Operating Expenses (2010 - 2026)

Tucows (TCX) has reported Operating Expenses for 17 consecutive years, with $28.4 million the latest figure, recorded in Q1 2026.

• Operating Expenses for Q1 2026 came in at $28.4 million, up 11.24% year-over-year; the trailing twelve-month figure through Mar 2026 was $120.3 million (down 13.3% YoY), and the FY2025 annual result was $117.4 million, down 20.67% from the prior year.
• Operating Expenses was $28.4 million for Q1 2026 at Tucows, down from $33.1 million in the prior quarter.
• Over five years, Operating Expenses peaked at $51.6 million in Q4 2024 and troughed at $25.0 million in Q2 2025.
• Average Operating Expenses over 5 years is $31.4 million, with a median of $31.1 million recorded in 2023.
• Year-over-year, Operating Expenses soared 52.01% in 2024 and tumbled 35.76% in 2025.
• Over 5 years, Operating Expenses stood at $30.0 million in 2022, then grew by 13.04% to $33.9 million in 2023, then jumped by 52.01% to $51.6 million in 2024, then sank by 35.76% to $33.1 million in 2025, then retreated by 14.16% to $28.4 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $28.4 million in Q1 2026, $33.1 million in Q4 2025, and $33.8 million in Q3 2025.