TUCOWS INC (TCX)
Information Technology · Multi-segment telecom services and internet infrastructure · NASDAQ
Multi-segment IT company operating in domain registration, internet services, wireless, and telecom software with legacy fiber infrastructure assets.
What TUCOWS INC does
Tucows Inc. operates four primary business segments: Tucows Domains (domain name registration and related services), Ting Internet (consumer fiber-to-the-home broadband), Ting Mobile (mobile services), and Wavelo (billing and OSS software for mobile network operators). The company generates revenues from domain registrations, internet connectivity services, mobile carrier services, and software licensing to telecom operators like EchoStar. The company operates diverse infrastructure and service offerings but faces significant competitive pressures and operates at negative margins.
Themes: ["domain registration / DNS infrastructure","broadband / fiber internet","wireless / MVNO services","telecom software / billing systems","network operations infrastructure"]
Fundamentals
- Price$10.42 as of 2026-07-09 close
- Market cap$119M as of 2026-07-10
- 1-year return-51.3% as of 2026-07-09 close
- Net margin-20.1% as of 2026-07-10
- Gross margin+24.2% as of 2026-07-10
- ROE-225.4% as of 2026-07-10
- Debt / equity55.15 as of 2026-07-10
- Revenue growth (YoY)+6.2% as of 2026-07-10
- Revenue CAGR (3y)+6.0% SEC XBRL
- Beta0.93 as of 2026-07-10
Key risks (from latest filing)
["Dependence on EchoStar as primary customer for Wavelo BSS/OSS software—loss of this relationship would materially impact revenues.","Vulnerability to registry fee increases, particularly Verisign's potential 7% annual .com price increases allowed under its registry agreement through 2030.","Intense competition in consolidating markets (domains, broadband, wireless) from larger competitors with greater resources, pricing power, and capital; inability to compete on price or scale could compress margins and drive customer churn."]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.