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| Date | Value |
|---|---|
| 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 |