Shares of Tucows Inc. (TCX) have gained 0.7% since reporting results for the fourth quarter of 2025. This compares to the S&P 500 index’s 1.4% decline over the same time frame. Over the past month, however, the stock has lost 24.2% compared with the S&P 500’s 1.9% fall, indicating more pronounced volatility in TCX relative to the broader market.Earnings & Revenue PerformanceTucows reported fourth-quarter 2025 net revenues of $98.7 million, up 6% year over year from $93.1 million. Gross profit increased 14% ...

Core Insights - Tucows has released its financial results for the fourth quarter of 2025, indicating a focus on business segment performance and future outlook [5]. Group 1: Management Commentary - The presentation will include remarks from David Woroch, President and CEO, discussing business segments and overall company performance [2]. - Ivan Ivanov, CFO, will provide a detailed analysis of the financial results [2]. - Closing remarks will include guidance for 2026 from David Woroch [2]. Group 2: Investor Engagement - Shareholders, analysts, and prospective investors are encouraged to submit questions via email to Tucows management until February 19 [3]. - Responses to submitted questions will be provided either directly or through a recorded audio response, which will be available on the Tucows website on February 25 [3]. Group 3: Financial Reporting - An updated investor presentation and a quarterly KPI summary are available, detailing key metrics for the last eight quarters and full years 2023, 2024, and 2025 [4]. - The company has revised its presentation of gross profit in press releases to reflect amounts net of network expenses, aligning external reporting with internal management practices [4].

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Financial Data and Key Metrics Changes - Consolidated revenue for Q4 2025 was $98.7 million, up 6% year-over-year, with all three segments contributing [9] - Q4 gross profit was $24.1 million, up 14% year-over-year, supported by a favorable mix [9] - Adjusted EBITDA for Q4 was $11.1 million, down 14% year-over-year, while total consolidated adjusted EBITDA for fiscal 2025 was $50.6 million, which was $3.6 million above guidance and represented a 45% increase from fiscal 2024 [10][11] Business Segment Data and Key Metrics Changes - Tucows Domains reported Q4 revenue of $66.4 million, a modest increase from $65.7 million, with gross profit rising 4% to $19.2 million [12] - Wavelo achieved Q4 revenue of $11.7 million, a 19% increase year-over-year, with gross profit up 7% to $6.6 million [14] - Ting Internet's Q4 revenue was $18.5 million, up 18% year-over-year, with gross profit improving to $1.6 million from a loss of $1.2 million in Q4 2024 [14] Market Data and Key Metrics Changes - Domains under management and transactions are normalizing at a modestly lower level due to a customer taking their business in-house, but margins remain healthy due to a diverse reseller base [5] - Wavelo's performance was driven by renewing its inaugural customer and aligning incentives, indicating a strong market position [6] Company Strategy and Development Direction - The company aims to transition into a capital-light business with a lean operating model, focusing on recurring revenue and strong customer retention [22][24] - The strategy includes leveraging technical expertise and operational capabilities to build technology services that benefit from shared infrastructure [23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complexity of the current operating environment but expressed confidence in the company's ability to execute and innovate [4] - The outlook for fiscal 2026 includes an Adjusted EBITDA range of $47 million-$49 million for Tucows Domains and $14.5 million-$15.5 million for Wavelo, with corporate expectations of -$6 million to -$9 million [18][19] Other Important Information - The company ended the quarter with cash and restricted cash of $64.2 million, down from $73.2 million in Q4 of the previous year [16] - Corporate net debt, excluding Ting, was $189.5 million, with compliance maintained under the TCX syndicated facility [16] Q&A Session Summary - There was no live Q&A session; however, shareholders and analysts were invited to submit questions via email, with responses to be posted on the company's website [2][27]

Financial Data and Key Metrics Changes - Consolidated revenue for Q4 2025 was $98.7 million, up 6% year-over-year, with all three segments contributing [9] - Q4 gross profit was $24.1 million, up 14% year-over-year, supported by a favorable mix [9] - Adjusted EBITDA for Q4 was $11.1 million, down 14% year-over-year, while total consolidated adjusted EBITDA for fiscal 2025 was $50.6 million, which was $3.6 million above guidance and represented a 45% increase from fiscal 2024 [10][11] Business Segment Data and Key Metrics Changes - Tucows Domains revenue grew to $66.4 million in Q4 2025 from $65.7 million in Q4 2024, with a 4% increase in gross profit to $19.2 million [12] - Wavelo's Q4 revenue was $11.7 million, a 19% increase year-over-year, with adjusted EBITDA of $3.4 million [14] - Ting Internet's Q4 revenue was $18.5 million, up 18% year-over-year, with an adjusted EBITDA loss of $0.9 million, an improvement from a $1.5 million loss in Q4 2024 [15] Market Data and Key Metrics Changes - Domains under management and transactions are normalizing at a modestly lower level due to a customer taking their business in-house, but margins remain healthy [5] - Wavelo's performance was driven by renewing its inaugural customer and aligning incentives, indicating a strong market position [6] Company Strategy and Development Direction - The company aims to transition into a capital-light business with a lean operating model, focusing on recurring revenue and strong customer retention [22][24] - The strategy includes leveraging technical expertise and operational capabilities to build technology services that benefit from shared infrastructure [23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complexity of the current operating environment but expressed confidence in the company's ability to execute and innovate [4] - The outlook for fiscal 2026 includes an adjusted EBITDA range of $47 million-$49 million for Tucows Domains and $14.5 million-$15.5 million for Wavelo, with corporate adjusted EBITDA expected to be between -$6 million and -$9 million [18][19] Other Important Information - The company ended the quarter with cash and restricted cash of $64.2 million, down from $73.2 million in Q4 of the previous year [16] - Corporate net debt, excluding Ting, was $189.5 million, with compliance maintained under the TCX syndicated facility [16] Q&A Session Summary - There was no live Q&A session; however, shareholders and analysts were invited to submit questions via email, with responses to be posted on the company's website [2][27]

Financial Data and Key Metrics Changes - Consolidated revenue for Q4 2025 was $98.7 million, up 6% year-over-year, with all three segments contributing [10] - Q4 gross profit was $24.1 million, up 14% year-over-year, supported by a favorable mix [10] - Adjusted EBITDA for Q4 was $11.1 million, down 14% year-over-year, while total consolidated adjusted EBITDA for fiscal 2025 was $50.6 million, which was $3.6 million above guidance and represents a 45% increase from fiscal 2024 [11][12] Business Segment Data and Key Metrics Changes - Tucows Domains revenue grew to $66.4 million in Q4 2025 from $65.7 million, with a 4% increase in gross profit to $19.2 million [13] - Wavelo's Q4 revenue was $11.7 million, a 19% increase year-over-year, with adjusted EBITDA of $3.4 million [14][16] - Ting Internet reported Q4 revenue of $18.5 million, up 18% year-over-year, with an adjusted EBITDA loss of $0.9 million, an improvement from a $1.5 million loss in Q4 2024 [16] Market Data and Key Metrics Changes - Domains under management and transactions are normalizing at a modestly lower level due to a customer taking their business in-house [5] - The wholesale channel revenue rose 2% year-over-year to $57 million, supported by strong growth in value-added services [13] Company Strategy and Development Direction - The company aims to transition into a capital-light business with a lean operating model, focusing on recurring revenue and strong customer retention [24][25] - The leadership approach emphasizes customer-centric execution, operational excellence, and financial rigor in decision-making [22][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complexity of the current operating environment and expressed confidence in the company's ability to navigate changes [4] - The outlook for fiscal 2026 includes an adjusted EBITDA range of $47 million-$49 million for Tucows Domains and $14.5 million-$15.5 million for Wavelo, with corporate adjusted EBITDA expected to be between -$6 million and -$9 million [20][21] Other Important Information - The company ended the quarter with cash and restricted cash of $64.2 million, down from $73.2 million in Q4 of last year [18] - Corporate net debt, excluding Ting, was $189.5 million, with compliance maintained under the TCX syndicated facility [18] Q&A Session Summary - There was no live Q&A session; however, shareholders and analysts were invited to submit questions via email, with responses to be posted on the company's website [2][28]

Financial Performance - For the full year 2025, Tucows reported an 8% increase in revenue to $390.3 million compared to 2024, with gross profit rising 13% to $93.95 million[2][7] - Adjusted EBITDA for 2025 reached $50.6 million, a 45% increase year over year, exceeding guidance by $3.6 million[2][7] - In Q4 2025, consolidated net revenue increased 6% to $98.7 million from $93.1 million in Q4 2024, driven by gains across all business segments[3][7] - Gross profit for Q4 2025 rose 14% to $24.1 million, attributed to margin gains from Wavelo and Tucows Domains, along with reduced network expenses at Ting[3][7] - The net loss for Q4 2025 was $22.0 million, a 48% improvement from a net loss of $42.5 million in Q4 2024[4][7] - Adjusted net loss for Q4 2025 was $19.2 million, compared to an adjusted net loss of $15.8 million in Q4 2024, reflecting a 22% increase in losses[4][7] Cash Position - Cash and cash equivalents at the end of Q4 2025 totaled $64.2 million, down from $70.8 million at the end of Q3 2025[5][7] Business Strategy - Tucows continues to focus on operational and capital efficiency initiatives to strengthen its business and build a more resilient earnings profile[2][19] - The company manages over 21 million domain names and millions of value-added services through a global reseller network of over 33,000 web hosts and ISPs[19] - Tucows is committed to enhancing its telecommunications software suite, Wavelo, to simplify management for service providers[19] - Tucows expects to realize synergies from the Enom acquisition, which is anticipated to contribute positively to future financial results[21] - The company projects growth in Ting Internet, indicating a focus on expanding its internet services[21] Risks and Uncertainties - Tucows acknowledges uncertainties and risks that could cause actual results to differ materially from forward-looking statements[21]

directly.About TucowsTucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting ([https://ting.com]) delivers fixed fiber Internet access with outstanding customer support. Wavelo ([https://wavelo.com]) is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and mor ...

Q4 2025 Investor Presentation Tucows Inc. Q4 2025 Investor Update NASDAQ TCX | TSX TC Safe harbor statement This presentation may contain forward-looking statements, relating to the Company's operations or to the environment in which it operates, which are based on Tucows Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and are subject to important risks, uncertainties and assumptions concerning future conditions that may ultimately prove to ...

Core Viewpoint - Tucows Inc. is set to report its financial results for the fourth quarter ended December 31, 2025, on February 12, 2026, at 5:05 p.m. ET [1] Financial Reporting - The financial results will be accompanied by a pre-recorded audio commentary and transcript discussing the quarter and the company's outlook, which will be available on the Tucows website [2] - Shareholders, analysts, and prospective investors can submit questions to management for seven days following the results announcement, with responses to be posted on February 25, 2026 [3] Company Overview - Tucows connects people to internet access through various services, including communications technology, domain services, and fiber-optic internet infrastructure [4] - The company operates Ting, which provides fixed fiber internet access, and Wavelo, a telecommunications software suite for service providers [4] - Tucows Domains manages over 22 million domain names and offers services through a global reseller network of over 33,000 web hosts and ISPs [4]