Tucows (TCX) Operating Leases (2019 - 2026)

Tucows (TCX) reported Operating Leases of $64.8 million for Q1 2026, up 118.53% on a YoY basis from $29.7 million in Q1 2025, and up 12.15% quarter-over-quarter from $57.8 million in Q4 2025.

Tucows (TCX) Operating Leases (2019 - 2026) Analysis & Trends

Tucows has reported Operating Leases for 8 years, with the latest figure at $64.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases rose 118.53% year-over-year to $64.8 million; the trailing twelve-month figure through Mar 2026 stood at $64.8 million (up 118.53% YoY), and the FY2025 full-year result was $57.8 million, up 123.26% from the prior year.
  • Operating Leases for Q1 2026 stood at $64.8 million, up from $57.8 million in the prior quarter.
  • The five-year high for Operating Leases was $64.8 million in Q1 2026, with the low at $12.4 million in Q4 2022.
  • Historically, Operating Leases has averaged $28.2 million across 5 years, with a median of $23.9 million in 2024.
  • Annual changes were most pronounced in 2022 — Operating Leases grew 4.94% — and 2025, when it soared 126.13%.
  • Tucows' Operating Leases stood at $12.4 million in 2022, then surged by 46.77% to $18.3 million in 2023, then surged by 41.87% to $25.9 million in 2024, then surged by 123.26% to $57.8 million in 2025, then climbed by 12.15% to $64.8 million in 2026.
  • The last three Operating Leases figures came in at $64.8 million (Q1 2026), $57.8 million (Q4 2025), and $54.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Microsoft 2,998.30 Bn 2,920.03 Bn 56.06 Bn
2 Alarum Technologies 1,040.72 Bn 1,026.57 Bn 7.23 Mn
3 Oracle 590.32 Bn 551.74 Bn 15.14 Bn
4 Palantir Technologies 316.31 Bn 308.39 Bn 1.42 Bn
5 Palo Alto Networks 181.17 Bn 176.63 Bn 1.91 Bn
6 CrowdStrike Holdings 161.69 Bn 158.63 Bn 993.68 Mn
7 Fortinet 102.35 Bn 99.06 Bn 1.49 Bn
8 Synopsys 88.25 Bn 88.13 Bn 1.77 Bn
9 Cloudflare 83.26 Bn 82.32 Bn 455.60 Mn
10 Tucows 151.74 Mn 107.43 Mn 24.13 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 64.85 Mn
Dec 31, 2025 57.82 Mn
Sep 30, 2025 54.16 Mn
Jun 30, 2025 34.76 Mn
Mar 31, 2025 29.68 Mn
Dec 31, 2024 25.90 Mn
Sep 30, 2024 23.95 Mn
Jun 30, 2024 24.68 Mn
Mar 31, 2024 24.43 Mn
Dec 31, 2023 18.26 Mn
Sep 30, 2023 21.94 Mn
Jun 30, 2023 18.11 Mn
Mar 31, 2023 18.70 Mn
Dec 31, 2022 12.44 Mn
Sep 30, 2022 17.42 Mn
Jun 30, 2022 16.89 Mn
Mar 31, 2022 15.68 Mn
Dec 31, 2021 11.85 Mn
Sep 30, 2021 13.69 Mn
Jun 30, 2021 12.47 Mn