Tucows (TCX) Research & Development (2010 - 2026)
Tucows (TCX) posted quarterly Research & Development of $4.4 million for Q1 2026, up 0.54% year-over-year from $4.4 million in Q1 2025, and up 1.16% quarter-over-quarter from $4.4 million in Q4 2025.
Tucows (TCX) Research & Development (2010 - 2026) Analysis & Trends
Tucows' Research & Development history runs 17 years deep, the most recent figure standing at $4.4 million for Q1 2026.
- In Q1 2026, Research & Development rose 0.54% year-over-year to $4.4 million; the TTM figure through Mar 2026 stood at $25.4 million (up 4.1% YoY), while the FY2025 annual figure was $17.8 million, down 70.0% from the prior year.
- Research & Development for Q1 2026 stood at $4.4 million, up from $4.4 million in the prior quarter.
- The five-year high for Research & Development was $18.6 million in Q1 2024, with the low 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.
- The sharpest annual moves came in 2022 and 2023: Research & Development plunged 89.89% in 2022, then surged 362.34% in 2023.
- Tucows' Research & Development stood at -$25.2 million in 2022, then surged by 119.86% to $5.0 million in 2023, then soared by 117.69% to $10.9 million in 2024, then tumbled by 59.78% to $4.4 million in 2025, then climbed by 1.16% to $4.4 million in 2026.
- Business Quant data shows TCX's Research & Development at $4.4 million in Q1 2026, $4.4 million in Q4 2025, and $4.7 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 339.50 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 4.01 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 664.96 Mn |
| 10 | Tucows | 115.11 Mn | 70.95 Mn | 25.78 Mn | 12.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.55 Mn |
| Mar 31, 2026 | 4.43 Mn |
| Dec 31, 2025 | 4.38 Mn |
| Sep 30, 2025 | 4.68 Mn |
| Jun 30, 2025 | 11.95 Mn |
| Mar 31, 2025 | 4.41 Mn |
| Dec 31, 2024 | 10.89 Mn |
| Sep 30, 2024 | 4.62 Mn |
| Jun 30, 2024 | 4.52 Mn |
| Mar 31, 2024 | 18.57 Mn |
| Dec 31, 2023 | 5.00 Mn |
| Sep 30, 2023 | 17.30 Mn |
| Jun 30, 2023 | 16.02 Mn |
| Mar 31, 2023 | 15.74 Mn |
| Dec 31, 2022 | -25.20 Mn |
| Sep 30, 2022 | 13.89 Mn |
| Jun 30, 2022 | 3.47 Mn |
| Mar 31, 2022 | 3.77 Mn |
| Dec 31, 2021 | -13.27 Mn |
| Sep 30, 2021 | 9.89 Mn |