Tucows Inc
NASDAQ:TCX
Tucows Inc
Tucows, Inc. is an Internet services company. The company is headquartered in Toronto, Ontario and currently employs 1,000 full-time employees. The firm operates through three segments: Fiber Internet Services, Mobile Services and Domain Services. Its Fiber Internet Services segment provides retail high speed Internet access to individuals and small businesses primarily through the Ting Website. Its Mobile Services segment offers retail sale of mobile phones, retail telephony services to individuals and small businesses primarily through the Ting Website. The firm also offers Mobile Service Enabler (MSE) solutions and professional services to retail mobile providers as well as its own retail mobile phone services. Its Domain Services segment includes wholesale and retail domain name registration services, value-added services and portfolio services. The firm provides these services primarily through a global Internet-based distribution network of Internet service providers (ISPs), Web hosting companies and other providers of Internet services to end-users.
Tucows, Inc. is an Internet services company. The company is headquartered in Toronto, Ontario and currently employs 1,000 full-time employees. The firm operates through three segments: Fiber Internet Services, Mobile Services and Domain Services. Its Fiber Internet Services segment provides retail high speed Internet access to individuals and small businesses primarily through the Ting Website. Its Mobile Services segment offers retail sale of mobile phones, retail telephony services to individuals and small businesses primarily through the Ting Website. The firm also offers Mobile Service Enabler (MSE) solutions and professional services to retail mobile providers as well as its own retail mobile phone services. Its Domain Services segment includes wholesale and retail domain name registration services, value-added services and portfolio services. The firm provides these services primarily through a global Internet-based distribution network of Internet service providers (ISPs), Web hosting companies and other providers of Internet services to end-users.
Q4 Revenue Growth: Tucows reported Q4 2025 consolidated revenue of $98.7 million, up 6% year-over-year, with all segments contributing.
EBITDA Beat: Full-year 2025 adjusted EBITDA was $50.6 million, beating guidance by $3.6 million, mainly on strong performance from Domains and Wavelo.
Segment Highlights: Domains and Wavelo both surpassed EBITDA guidance for 2025, while Ting showed improved adjusted EBITDA but missed guidance.
Cost Control: Operating expenses fell by 35% year-over-year in Q4, benefiting from the absence of prior-year restructuring and impairment charges.
2026 Guidance: Initial 2026 adjusted EBITDA guidance (excluding Ting) is $52.5 million to $58.5 million, with expectations for continued discipline and a focus on cash generation.
Ting Strategic Review: No specific 2026 guidance for Ting was provided as the company continues to evaluate strategic options for this segment.
