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Tucows Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 98.6M 98.5M 94.6M 93.1M 92.3M
Operating Revenue 98.6M 98.5M 94.6M 93.1M 92.3M
Cost Of Revenue 74.4M 76.4M 71.1M 71.4M 70.1M
Gross Profit 24.2M 22.1M 23.5M 21.7M 22.2M
Selling General And Administration 21.5M 21.6M 20.2M 17.5M 26.7M
General And Administrative Expense 9.7M 9.7M 9.2M 6.6M 11.5M
Research And Development 4.7M 4.3M 4.4M 4.5M 4.6M
Depreciation And Amortization In Income Statement 785,000 828,000 924,000 943,000 955,000
Operating Expense 27.0M 26.8M 25.6M 22.9M 32.2M
Operating Income -2.8M -4.7M -2.0M -1.2M -10.0M
EBIT -6.1M 709,000 1.2M -23.7M -5.4M
Interest Expense 14.4M 14.1M 14.1M 16.9M 13.8M
Interest Expense Non Operating 14.4M 14.1M 14.1M 16.9M 13.8M
Interest Income 527,000 460,000 515,000 -- 708,000
Interest Income Non Operating 527,000 460,000 515,000 -- 708,000
Net Interest Income -13.9M -13.6M -13.6M -13.7M -13.1M
Other Income Expense -3.8M 4.9M 2.7M -25.6M 3.9M
Other Non Operating Income Expenses -- -- -- -106,000 66,000
Special Income Charges -3.7M 4.9M 2.7M -25.5M 3.9M
Earnings From Equity Interest -105,000 16,000 -62,000 -- 66,000
Pretax Income -20.6M -13.4M -13.0M -40.6M -19.2M
Tax Provision 2.5M 2.3M 2.2M 1.9M 3.1M
Tax Effect Of Unusual Items -560,850 735,000 411,150 -3.8M 577,950
Net Income From Continuing And Discontinued Operation -23.0M -15.6M -15.1M -42.5M -22.3M
Net Income From Continuing Operation Net Minority Interest -23.0M -15.6M -15.1M -42.5M -22.3M
Net Income Including Noncontrolling Interests -23.0M -15.6M -15.1M -42.5M -22.3M
Net Income Common Stockholders -23.0M -15.6M -15.1M -42.5M -22.3M
Net Income -23.0M -15.6M -15.1M -42.5M -22.3M
EBITDA 5.3M 12.4M 12.8M -11.8M 5.3M
Normalized EBITDA 9.1M 7.5M 10.1M 13.7M 1.5M
Reconciled Depreciation 11.5M 11.7M 11.7M 11.8M 10.7M
Basic EPS -2.08 -1.41 -1.37 -- -2.03
Diluted EPS -2.08 -1.41 -1.37 -- -2.03
Basic Average Shares 11.1M 11.1M 11.0M -- 11.0M
Diluted Average Shares 11.1M 11.1M 11.0M -- 11.0M
Total Unusual Items -3.7M 4.9M 2.7M -25.5M 3.9M
Total Unusual Items Excluding Goodwill -3.7M 4.9M 2.7M -25.5M 3.9M
Tax Rate For Calcs 0.15 0.15 0.15 0.15 0.15
Normalized Income -19.8M -19.8M -17.5M -20.8M -25.6M
Amortization -- -- -- 842,000 843,000
Amortization Of Intangibles Income Statement -- -- -- 842,000 843,000
Depreciation Amortization Depletion Income Statement 785,000 828,000 924,000 943,000 955,000
Depreciation Income Statement -- -- 924,000 101,000 112,000
Diluted NI Availto Com Stockholders -23.0M -15.6M -15.1M -42.5M -22.3M
Gain On Sale Of Ppe 7.0M 4.9M 2.7M 3.1M 3.9M
Impairment Of Capital Assets 10.7M -- -- -- 0.00
Net Income Continuous Operations -23.0M -15.6M -15.1M -42.5M -22.3M
Net Non Operating Interest Income Expense -13.9M -13.6M -13.6M -13.7M -13.1M
Other Gand A 9.7M 9.7M 9.2M 6.6M 11.5M
Reconciled Cost Of Revenue 63.7M 65.5M 60.3M 60.5M 60.3M
Selling And Marketing Expense 11.9M 11.9M 11.0M 10.9M 15.2M
Total Expenses 101.4M 103.1M 96.6M 94.3M 102.3M
Total Operating Income As Reported -9.6M -2.9M -2.0M -29.9M -10.0M
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 54.1M 52.0M 38.1M 56.9M 75.2M
Cash Cash Equivalents And Short Term Investments 54.1M 52.0M 38.1M 56.9M 75.2M
Accounts Receivable 28.0M 24.2M 24.1M 20.9M 18.9M
Receivables 28.0M 24.4M 24.1M 21.1M 19.4M
Inventory 4.0M 3.4M 3.9M 4.0M 4.8M
Prepaid Assets 17.5M 19.5M 16.4M 17.3M 16.5M
Other Current Assets 1.0M 848,000 -- -- --
Current Assets 208.9M 211.7M 194.5M 205.4M 221.6M
Gross PPE 527.5M 346.3M 361.6M 523.4M 389.5M
Accumulated Depreciation -185.1M -- -- -156.7M --
Net PPE 342.4M 346.3M 361.6M 366.7M 389.5M
Goodwill 130.4M 130.4M 130.4M 130.4M 130.4M
Goodwill And Other Intangible Assets 151.4M 152.3M 154.0M 155.2M 156.4M
Other Intangible Assets 21.0M 21.9M 23.6M 24.8M 26.0M
Investments And Advances 2.0M 2.0M 2.0M 2.0M 2.0M
Other Investments 2.0M 2.0M -- -- --
Total Non Current Assets 526.5M 530.5M 547.4M 553.4M 577.4M
Total Assets 735.5M 742.2M 741.9M 758.8M 799.0M
Current Debt And Capital Lease Obligation 5.5M 5.1M 5.0M 5.2M 5.6M
Accounts Payable 9.8M 8.9M 11.3M 9.0M 9.1M
Payables 12.7M 10.7M 12.8M 9.9M 11.5M
Payables And Accrued Expenses 35.0M 37.6M 30.3M 41.1M 41.4M
Current Accrued Expenses 22.3M 26.9M 17.5M 31.2M 29.9M
Current Deferred Revenue 153.6M 157.9M 157.1M 152.3M 151.9M
Other Current Liabilities 568,000 -- 479,000 1.3M --
Current Liabilities 194.5M 200.6M 193.0M 199.9M 198.9M
Long Term Debt 480.1M 481.8M 480.7M 482.1M 482.9M
Long Term Debt And Capital Lease Obligation 528.8M 516.6M 510.4M 508.0M 506.9M
Long Term Capital Lease Obligation 48.7M 34.8M 29.7M 25.9M 23.9M
Total Non Current Liabilities Net Minority Interest 685.0M 663.2M 657.2M 654.2M 653.2M
Total Liabilities Net Minority Interest 879.5M 863.9M 850.2M 854.1M 852.1M
Common Stock 37.9M 37.4M 37.0M 36.6M 36.1M
Capital Stock 37.9M 37.4M 37.0M 36.6M 36.1M
Additional Paid In Capital 22.4M 21.5M 20.4M 19.2M 17.9M
Retained Earnings -203.9M -180.9M -165.3M -150.2M -107.7M
Gains Losses Not Affecting Retained Earnings -431,000 362,000 -364,000 -964,000 537,000
Other Equity Adjustments -431,000 362,000 -364,000 -964,000 537,000
Common Stock Equity -144.1M -121.7M -108.3M -95.3M -53.1M
Stockholders Equity -144.1M -121.7M -108.3M -95.3M -53.1M
Total Equity Gross Minority Interest -144.1M -121.7M -108.3M -95.3M -53.1M
Total Capitalization 336.0M 360.2M 372.5M 386.8M 429.8M
Net Tangible Assets -295.4M -274.0M -262.2M -250.5M -209.5M
Tangible Book Value -295.4M -274.0M -262.2M -250.5M -209.5M
Working Capital 14.4M 11.1M 1.5M 5.5M 22.7M
Invested Capital 336.0M 360.2M 372.5M 386.8M 429.8M
Total Debt 534.2M 521.7M 515.4M 513.1M 512.4M
Net Debt 426.0M 429.8M 442.6M 425.2M 407.7M
Share Issued 11.1M 11.1M 11.0M 11.0M 11.0M
Ordinary Shares Number 11.1M 11.1M 11.0M 11.0M 11.0M
Allowance For Doubtful Accounts Receivable -1.0M -1.1M -1.0M -923,000 -497,000
Assets Held For Sale Current -- 3.4M 1.8M -- --
Buildings And Improvements 9.3M -- -- 9.2M --
Capital Lease Obligations 54.2M 39.8M 34.7M 31.0M 29.5M
Construction In Progress 10.9M -- -- 25.8M --
Current Capital Lease Obligation 5.5M 5.1M 5.0M 5.2M 5.6M
Current Deferred Assets 99.6M 102.9M 105.1M 101.5M 100.7M
Current Deferred Liabilities 153.6M 157.9M 157.1M 152.3M 151.9M
Gross Accounts Receivable 29.0M 25.4M 25.1M 21.8M 19.4M
Hedging Assets Current -- 478,000 -- 0.00 708,000
Income Tax Payable 2.2M 1.3M 797,000 263,000 1.8M
Land And Improvements 1.1M -- -- 1.1M --
Leases 748,000 -- -- 743,000 --
Machinery Furniture Equipment 119.0M -- -- 119.1M --
Non Current Accounts Receivable 9,000 -- -- -- --
Non Current Deferred Assets 18.7M 17.9M 18.0M 17.8M 18.0M
Non Current Deferred Liabilities 24.5M 24.4M 24.6M 24.1M 24.2M
Non Current Deferred Revenue 21.5M 21.5M 21.7M 21.2M 21.3M
Non Current Deferred Taxes Liabilities 3.0M 3.0M 3.0M 3.0M 3.0M
Non Current Note Receivables 12.1M 11.9M 11.8M 11.7M 11.6M
Other Payable 609,000 567,000 661,000 623,000 627,000
Other Properties 386.4M 346.3M 361.6M 367.5M 389.5M
Other Receivables -- -- -- -- --
Preferred Securities Outside Stock Equity 131.8M 122.2M 122.2M 122.2M 122.1M
Properties 0.00 -- -- 0.00 --
Restricted Cash 4.6M 4.6M 5.1M 4.6M 4.3M
Taxes Receivable 57,000 220,000 24,000 217,000 524,000
Total Tax Payable 2.2M 1.3M 797,000 263,000 1.8M
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow 1.5M 6.6M -11.3M -4.8M -4.6M
Cash Flow From Continuing Operating Activities 1.5M 6.6M -11.3M -4.8M -4.6M
Depreciation And Amortization 11.5M 11.7M 11.7M 11.8M 10.7M
Depreciation Amortization Depletion 11.5M 11.7M 11.7M 11.8M 10.7M
Stock Based Compensation 1.4M 1.4M 1.5M 1.6M 1.8M
Deferred Tax 252,000 -231,000 -191,000 504,000 -129,000
Deferred Income Tax 252,000 -231,000 -191,000 504,000 -129,000
Change In Working Capital -6.0M 8.2M -10.3M 4.3M 1.4M
Changes In Account Receivables -3.8M -104,000 -3.2M -2.0M -927,000
Change In Receivables -3.8M -104,000 -3.2M -3.2M -927,000
Change In Inventory -- -- -- 837,000 732,000
Change In Payables And Accrued Expense -3.7M 6.8M -10.6M 8.2M -3.4M
Change In Payable -3.7M 6.8M -10.6M 756,000 -3.4M
Change In Other Working Capital -412,000 4.7M 2.7M -498,000 1.1M
Other Non Cash Items 1.2M 1.2M 1.2M 990,000 1.2M
Capital Expenditure -3.9M -3.7M -5.4M -11.7M -15.0M
Purchase Of PPE -3.9M -3.5M -5.4M -11.7M -14.5M
Net PPE Purchase And Sale 3.5M 7.2M -4.5M -11.1M -14.5M
Investing Cash Flow 3.5M 7.0M -4.5M -11.1M -15.0M
Cash Flow From Continuing Investing Activities 3.5M 7.0M -4.5M -11.1M -15.0M
Issuance Of Debt 0.00 -- -- 0.00 63.0M
Repayment Of Debt -2.9M 0.00 -2.5M -2.0M -2.5M
Net Issuance Payments Of Debt -2.9M 0.00 -2.5M -2.0M 60.5M
Issuance Of Capital Stock -- -- -- 0.00 0.00
Repurchase Of Capital Stock -- -- -- 0.00 0.00
Financing Cash Flow -2.9M 31,000 -2.5M -1.9M 58.5M
Cash Flow From Continuing Financing Activities -2.9M 31,000 -2.5M -1.9M 58.5M
Changes In Cash 2.2M 13.6M -18.2M -17.9M 38.9M
Beginning Cash Position 68.6M 55.0M 73.2M 91.1M 52.2M
End Cash Position 70.8M 68.6M 55.0M 73.2M 91.1M
Free Cash Flow -2.3M 2.9M -16.7M -16.5M -19.6M
Income Tax Paid Supplemental Data 1.1M 2.1M 1.3M 2.4M 2.5M
Interest Paid Supplemental Data 8.5M 8.5M 18.3M 9.1M 11.4M
Amortization Cash Flow -- -- -- 1.2M 1.2M
Amortization Of Intangibles -- -- -- 1.2M 1.2M
Amortization Of Securities 9.4M 0.00 0.00 0.00 1.9M
Asset Impairment Charge 10.9M -- -- 18.3M 852,000
Change In Account Payable -3.7M 6.8M -10.6M 760,000 -3.4M
Change In Accrued Expense -- -- -- 7.4M -749,000
Change In Prepaid Assets 1.9M -3.1M 875,000 -981,000 4.7M
Depreciation -- -- -- 10.6M 9.5M
Earnings Losses From Equity Investments -- -- -- 120,000 -28,000
Excess Tax Benefit From Stock Based Compensation -- -- -- -- --
Long Term Debt Issuance 0.00 -- -- 0.00 63.0M
Long Term Debt Payments -2.9M 0.00 -2.5M -2.0M -2.5M
Net Income From Continuing Operations -23.0M -15.6M -15.1M -42.5M -22.3M
Net Intangibles Purchase And Sale 7,000 -213,000 0.00 1,000 -478,000
Net Long Term Debt Issuance -2.9M 0.00 -2.5M -2.0M 60.5M
Net Other Financing Charges -- -- -- 0.00 -2.0M
Net Preferred Stock Issuance -- -- -- 0.00 0.00
Operating Gains Losses -4.0M -- -- 127,000 -28,000
Preferred Stock Issuance -- -- -- 0.00 0.00
Preferred Stock Payments -- -- -- 0.00 0.00
Proceeds From Stock Option Exercised 0.00 31,000 -- -- 0.00
Purchase Of Intangibles -- -213,000 0.00 1,000 -478,000
Sale Of Intangibles 7,000 -- -- -- --
Sale Of PPE 7.4M 10.7M 966,000 -- 0.00
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