Tucows (TCX) Research & Development (2010 - 2026)
Tucows (TCX) reported Research & Development of $4.4 million for Q1 2026, up 0.54% on a YoY basis 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 has reported Research & Development for 17 years, with the latest figure at $4.4 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 0.54% year-over-year to $4.4 million; the trailing twelve-month figure through Mar 2026 stood at $17.8 million (down 1.0% YoY), and the FY2025 full-year result was $17.8 million, down 4.37% 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 $5.0 million in Q1 2024, with the low at $3.0 million in Q3 2022.
- Historically, Research & Development has averaged $4.4 million across 5 years, with a median of $4.5 million in 2024.
- Annual changes were most pronounced in 2022 — Research & Development dropped 20.28% — and 2023, when it jumped 61.52%.
- Tucows' Research & Development stood at $4.0 million in 2022, then increased by 25.86% to $5.0 million in 2023, then declined by 10.57% to $4.5 million in 2024, then dropped by 2.1% to $4.4 million in 2025, then climbed by 1.16% to $4.4 million in 2026.
- The last three Research & Development figures came in at $4.4 million (Q1 2026), $4.4 million (Q4 2025), and $4.7 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 8.92 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 2.30 Mn |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 2.61 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 160.98 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 511.00 Mn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 356.41 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 214.00 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 714.99 Mn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 150.97 Mn |
| 10 | Tucows | 151.74 Mn | 107.43 Mn | 24.13 Mn | 4.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.43 Mn |
| Dec 31, 2025 | 4.38 Mn |
| Sep 30, 2025 | 4.68 Mn |
| Jun 30, 2025 | 4.34 Mn |
| Mar 31, 2025 | 4.41 Mn |
| Dec 31, 2024 | 4.47 Mn |
| Sep 30, 2024 | 4.62 Mn |
| Jun 30, 2024 | 4.52 Mn |
| Mar 31, 2024 | 5.02 Mn |
| Dec 31, 2023 | 5.00 Mn |
| Sep 30, 2023 | 4.82 Mn |
| Jun 30, 2023 | 4.58 Mn |
| Mar 31, 2023 | 4.82 Mn |
| Dec 31, 2022 | 3.98 Mn |
| Sep 30, 2022 | 2.98 Mn |
| Jun 30, 2022 | 3.47 Mn |
| Mar 31, 2022 | 3.77 Mn |
| Dec 31, 2021 | 4.27 Mn |
| Sep 30, 2021 | 3.74 Mn |
| Jun 30, 2021 | 3.17 Mn |