Tucows (TCX) Research & Development (2010 - 2026)

Tucows' Research & Development history runs 17 years deep, the most recent figure standing at $4.4 million for Q1 2026.

• On a quarterly basis, Research & Development rose 0.54% year-over-year to $4.4 million in Q1 2026; TTM through Mar 2026 was $25.4 million, a 4.1% increase from a year earlier, with the FY2025 full-year figure at $17.8 million, down 70.0% from the prior year.
• Research & Development grew to $4.4 million in Q1 2026 per TCX's latest filing, from $4.4 million in the prior quarter.
• Across five years, Research & Development topped out at $18.6 million in Q1 2024 and bottomed at -$25.2 million in Q4 2022.
• The 5-year median for Research & Development is $4.7 million (2025), against an average of $7.0 million.
• Across the five-year window, Research & Development sank 89.89% in 2022 and surged 362.34% in 2023, its largest moves.
• Year by year, Research & Development stood at -$25.2 million in 2022, then soared by 119.86% to $5.0 million in 2023, then jumped by 117.69% to $10.9 million in 2024, then slumped by 59.78% to $4.4 million in 2025, then grew by 1.16% to $4.4 million in 2026.
• Per Business Quant, the three latest TCX Research & Development figures stand at $4.4 million (Q1 2026), $4.4 million (Q4 2025), and $4.7 million (Q3 2025).