NVDA+2.54%AAPL+1.32%GOOGL−1.62%MSFT+0.20%AMZN−0.10%TSM+1.60%SPCX+7.79%META+0.47%
StockVS

TSX · Software - Infrastructure · CAD

Tucows Inc. (TC.TO) Stock Analysis

Tucows Inc. (TC.TO) is a Software - Infrastructure stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

TC.TO

CA$13.25

+CA$0.49 (+3.84%)

Oct 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare TC.TO with… →

TC.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$13.04
Previous Close
CA$12.76
Day's Range
12.55–13.47
52-Week Range
12.00–34.75
Volume
20.52K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.92
Valuation
Market Cap
CA$148.16M
P/E Ratio
unprofitable
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.38
EPS (ttm)Profit attributable to each share over the last twelve months.
−10.39
Financials (FY)
Revenue (FY)
CA$390.30M+7.74%
Net Income (FY)
−CA$75.82M
Profit marginThe share of revenue left as profit after all costs and taxes.
−21.20%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
11.18M
1-Year Return
−48.18%
Dividend and dates
Earnings Date
November 5, 2026estimated
Avg Volume
6.05K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, TC.TO closed at CA$13.25, −48.18% over 1 year.

Tucows Inc. (TC.TO) has a market capitalization of CA$148.16M.

In fiscal 2025, TC.TO reported revenue of CA$390.30M.

TC.TO Stock Return by Calendar Year

Tucows Inc. (TC.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$5,182
−48.18%
5 years
CA$10,000 CA$1,319
−86.81%
10 years
CA$10,000 CA$3,272
−67.28%

If you had invested CA$10,000 in Tucows Inc. (TC.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$3,272 at the close on October 21, 2026: −67.28% in total, −10.57% a year. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−56.41%
2025+22.38%
2024−30.67%
2023−22.16%
2022−56.66%
2021+12.43%
2020+15.45%
2019−0.17%
2018−7.47%
2017+87.57%
2016 (partial year)+32.30%

As of October 21, 2026.

TC.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$390.30M−CA$75.82M−19.4%
2024CA$362.28M−CA$109.86M−30.3%
2023CA$339.34M−CA$96.20M−28.3%
2022CA$321.14M−CA$27.57M−8.6%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$390.30MCA$93.95M−CA$18.64M−CA$75.82M−19.4%
2024CA$362.28MCA$83.03M−CA$36.33M−CA$109.86M−30.3%
2023CA$339.34MCA$66.67M−CA$63.65M−CA$96.20M−28.3%
2022CA$321.14MCA$78.25M−CA$31.20M−CA$27.57M−8.6%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TC.TO Valuation vs Software - Infrastructure Median

Median of 182 stocks
MetricTC.TOSoftware - Infrastructure medianvs median
P/S ratio0.383.270.1x the median
Profit margin−21.20%2.53%23.7 pts below

Medians across 182 Software - Infrastructure stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Tucows Inc. (TC.TO) is capitalised at CA$148.16M on the latest close. The company sits in the Technology sector, in the Software - Infrastructure industry. The company reports 759 employees.

Over the past 52 weeks the price has ranged from CA$12.00 to CA$34.75. TC.TO last closed at CA$13.25 on October 21, 2026. That is +CA$0.49 (+3.84%) against the previous close. The latest close sits 10.42% above that 52-week low.

Financial Health

In fiscal 2025, Tucows Inc. reported revenue of CA$390.30M. That is +7.74% against the prior fiscal year, when revenue was CA$362.28M. The same year closed with a net loss of CA$75.82M. The reported profit margin is −21.2%. That is 23.7 percentage points below the Software - Infrastructure median of 2.53%. Earnings per share on a trailing basis come to −10.39.

Across the 4 fiscal years on file, revenue moves from CA$321.14M in 2022 to CA$390.30M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. The price-to-sales ratio is 0.38. On price-to-sales that is 0.1 times the Software - Infrastructure median of 3.27. The medians here are taken across 182 Software - Infrastructure companies that report the metric.

Beta against the wider market is reported at 0.92. Annualized volatility over the trailing 10 years is 52.73%. Over the trailing twelve months the total return is −48.18%. Across 10 years the annualized return works out at −10.57%.

Growth & Income

No dividend is on file for TC.TO.

Across the complete calendar years on file, 2017 returned +87.57% and 2022 returned −56.66%. Of the 9 complete calendar years on file, 4 finished higher. 2026 is still running; the total return is −56.41% year to date.

Peer Comparison

Tucows Inc. (TC.TO) operates in the Software - Infrastructure industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Tucows Inc. TC.TO CA$148.16M —
Microsoft Corporation MSFT $3.96T 29.7
Palantir Technologies Inc. PLTR $484.74B 173.9
Oracle Corporation ORCL $391.46B 20.2

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Software - Infrastructure industry average P/E ratio is 30.2x. Tucows Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

Related Software - Infrastructure Stocks

MSFT

Microsoft Corporation

$3.96T

 PLTR

Palantir Technologies Inc.

$484.74B

 ORCL

Oracle Corporation

$391.46B

 PANW

Palo Alto Networks, Inc.

$284.05B

 CRWD

CrowdStrike Holdings, Inc.

$245.07B

 FTNT

Fortinet, Inc.

$127.70B
View all Software - Infrastructure stocks →

Popular Technology Stocks

NVDA

NVIDIA Corporation

$5.36T

 AAPL

Apple Inc.

$5.02T

 TSM

Taiwan Semiconductor Manufacturing Company Limited

$2.24T

 AVGO

Broadcom Inc.

$1.61T

 SKHY

SK hynix Inc.

$1.04T
View all Technology stocks →

About Tucows Inc.

Tucows Inc. provides domain name registration, email, and other internet related services in North America and Europe. It operates through three segments: Ting, Wavelo, and Tucows Domains. The Ting segment provides gigabit fiber and fixed wireless internet services to consumer and business customers. The Wavelo segment offers full-service platforms and professional services that support communication services providers, including subscription and billing management, network orchestration and provisioning, and individual developer tools, as well as billing solutions to internet services providers under the Platypus brand. The Tucows Domains segment provides wholesale and retail domain name registration services under the OpenSRS, eNom, Ascio, EPAG, and Hover brands, as well as value added services, such as hosted email, internet security services, WHOIS privacy, and other value-added services. The company offers its services primarily through an internet-based distribution network of internet service providers, web hosting companies, and other providers of internet services to end-users. Tucows Inc. was founded in 1992 and is headquartered in Toronto, Canada.

Visit website →