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Tucows (TCX) Research & Development (2016 - 2025)

Tucows' Research & Development history spans 16 years, with the latest figure at $4.4 million for Q4 2025.

  • For Q4 2025, Research & Development fell 2.1% year-over-year to $4.4 million; the TTM value through Dec 2025 reached $17.8 million, down 4.37%, while the annual FY2025 figure was $17.8 million, 4.37% down from the prior year.
  • Research & Development reached $4.4 million in Q4 2025 per TCX's latest filing, down from $4.7 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $5.0 million in Q1 2024 to a low of $3.0 million in Q3 2022.
  • Average Research & Development over 5 years is $4.2 million, with a median of $4.4 million recorded in 2025.
  • Peak YoY movement for Research & Development: decreased 20.28% in 2022, then surged 61.52% in 2023.
  • A 5-year view of Research & Development shows it stood at $4.3 million in 2021, then dropped by 6.82% to $4.0 million in 2022, then grew by 25.86% to $5.0 million in 2023, then dropped by 10.57% to $4.5 million in 2024, then fell by 2.1% to $4.4 million in 2025.
  • Per Business Quant, the three most recent readings for TCX's Research & Development are $4.4 million (Q4 2025), $4.7 million (Q3 2025), and $4.3 million (Q2 2025).