Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
TCX
STRONG SELLREMOVETucows Inc. · Technology · Canada · $168M · Avg Vol: $328K/d
Tucows operates a legacy domain registry business alongside a highly capital-intensive fiber internet rollout. The fiber business has burdened the company with significant debt, depressing returns on capital and free cash flow.
COMPANY DESCRIPTION
Tucows Inc. provides network access, domain registration services, and fiber internet solutions through its Ting Internet and OpenSRS brands. The company holds a significant position as a wholesale domain registrar and is expanding its competitive moat through its growing fiber-optic internet infrastructure. Tucows operates as a distinct player across these interconnected digital services, offering both wholesale solutions and direct-to-consumer fiber connectivity.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 321M | 339M | 362M | 390M | 6.7% |
| EPS | -2.56 | -8.85 | -10.02 | -6.85 | — |
| Shares | 11M | 11M | 11M | 11M | +2.7% |
| Debt | 256M | 457M | 513M | 545M | 28.6% |
| Equity | 97M | 10M | -95M | -164M | -89.8% |
| Op CF | 20M | -5M | -20M | -6M | — |
| Inv CF | -137M | -93M | -56M | 2M | — |
| Fin CF | 132M | 179M | 44M | -5M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of TCX are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| TCX | Tucows Inc.(you) | $168M | 11 | STRONG SELL |
| ZENA | ZenaTech, Inc. | $140M | 6 | STRONG SELL |
| RAIL.CN | Railtown AI Technologies Inc. | $60M | 11 | STRONG SELL |
| BTQ | BTQ Technologies Corp. | $670M | 6 | STRONG SELL |
| ICS.CN | Integrated Cyber Solutions Inc. | $41M | 2 | STRONG SELL |
| QNC.V | Quantum eMotion Corp. | $761M | 23 | SELL |
| HAI.TO | Haivision Systems Inc. | $130M | 49 | HOLD |
| BB | BlackBerry Limited | $5.1B | 54 | HOLD |
| DPRO.CN | Draganfly Inc. | $285M | 9 | STRONG SELL |
| AZ | A2Z Cust2Mate Solutions Corp. | $297M | 15 | STRONG SELL |
Peer medians: ROE 9.3% · P/E 36.3x · Gross margin 48.0%