Tucows (TCX) Research & Development (2010 - 2026)
Tucows' Research & Development came in at $4.86 million for Q2 2026, up 11.9% from $4.34 million a year earlier and up 9.7% from the prior quarter.
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Analysis
Tucows (TCX) Research & Development (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Tucows reported Research & Development of $18.35 million, up 2.9% year-over-year; for FY2025, it was $17.81 million, down 4.4% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 7.5% (FY2020 to FY2025).
- Going back by year, Research & Development was $18.63 million in FY2024 (-3.1%), $19.22 million in FY2023 (+35.5%), $14.19 million in FY2022 (-0.9%) and $14.31 million in FY2021 (+15.2%).
- The Q2 2026 figure represents the highest quarterly Research & Development since Q1 2024.
- Year-over-year, Research & Development increased in three of the last eight quarters, with an average decline of 2.4%.
- The fastest year-over-year change in Research & Development over five years came in Q3 2023 (growth of 61.5%), and the weakest in Q3 2022 (a decline of 20.3%).
- Business Quant data shows TCX's Research & Development at $4.43 million (Q1 2026), $4.38 million (Q4 2025) and $4.68 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | 10.00 Bn |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | 2.31 Bn |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn | 159.49 Mn |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn | - |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn | 191.00 Mn |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn | - |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn | 27.50 Mn |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn | 205.05 Mn |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn | 148.82 Mn |
| 10 | Tucows | 107.03 Mn | -82.27 Mn | 25.78 Mn | 4.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.86 Mn |
| 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 |
API Access
Tucows Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=TCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "TCX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=TCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();