Tucows Inc. (TCX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TCX Revenue Growth
Revenue Breakdown (FY 2025)
TCX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
TCX Revenue Analysis (2014–2025)
As of May 8, 2026, Tucows Inc. (TCX) generated trailing twelve-month (TTM) revenue of $392.3 million, reflecting modest growth of +2.2% year-over-year. The most recent quarter (Q1 2026) recorded $96.7 million in revenue, down 2.0% sequentially.
Looking at the longer-term picture, TCX's 5-year compound annual growth rate (CAGR) stands at +4.6%, indicating moderate growth over time. The company achieved its highest annual revenue of $390.3 million in 2025, representing a new all-time high.
Revenue diversification analysis shows TCX's business is primarily driven by Domain Name Services (80%), and Ting (20%). With over half of revenue concentrated in Domain Name Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including GDDY (+7.8% YoY), NTCT (+4.9% YoY), and ATEN (+12.1% YoY), TCX has underperformed the peer group in terms of revenue growth. Compare TCX vs GDDY →
TCX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TCXCurrent | $392M | +2.2% | +4.6% | -3.9% | |
 GDDY | $5.0B | +7.8% | +8.3% | 22.9% | |
 NTCT | $823M | +4.9% | -1.6% | -44.7% | |
 ATEN | $291M | +12.1% | +5.2% | 16.2% | |
 UNIT | $2.2B | +91.5% | +15.9% | 21.2% | |
 CABO | $1.5B | -5.3% | +2.5% | 26.5% |
TCX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $390.3M | +7.7% | $90.2M | 23.1% | $-15,058,000 | -3.9% |
| 2024 | $362.3M | +6.8% | $83.0M | 22.9% | $-65,013,000 | -17.9% |
| 2023 | $339.3M | +5.7% | $108.9M | 32.1% | $-63,652,000 | -18.8% |
| 2022 | $321.1M | +5.5% | $78.2M | 24.4% | $-31,662,000 | -9.9% |
| 2021 | $304.3M | -2.2% | $78.3M | 25.7% | $-7,773,000 | -2.6% |
| 2020 | $311.2M | -7.7% | $85.5M | 27.5% | $6.9M | 2.2% |
| 2019 | $337.1M | -2.6% | $100.8M | 29.9% | $29.3M | 8.7% |
| 2018 | $346.0M | +5.0% | $96.8M | 28.0% | $29.3M | 8.5% |
| 2017 | $329.4M | +73.5% | $84.5M | 25.7% | $27.1M | 8.2% |
| 2016 | $189.8M | +9.8% | $63.1M | 33.2% | $25.0M | 13.2% |
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Start ComparisonTCX — Frequently Asked Questions
Quick answers to the most common questions about buying TCX stock.
Is TCX's revenue growth accelerating or slowing?
TCX revenue growth slowed to +2.2%, below the 5-year CAGR of +4.6%. TTM revenue is $392M. The deceleration marks a shift from historical growth rates.
What is TCX's long-term revenue growth rate?
Tucows Inc.'s 5-year revenue CAGR of +4.6% reflects the variable expansion pattern. Current YoY growth of +2.2% is near this long-term average.
How is TCX's revenue distributed by segment?
TCX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.