Business
Tucows Posts First Quarter 2026 Revenue and Gross Profit Growth and Positive Operating Cash Flow
Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its unaudited financial results for the first quarter ended March 31, 2026. All figures are in U.S. dollars.
About this update from Tucows Inc.
[{"type":"text","content":"TORONTO, May 7, 2026 /CNW/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its unaudited financial results for the first quarter ended March 31, 2026. All figures are in U.S. dollars.","length":229,"tagName":"p"},{"type":"image","alt":"Tucows Inc. logo (CNW Group/Tucows Inc.)","displaySize":"","headline":null,"caption":"Tucows Inc. logo (CNW Group/Tucows Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/cnwgroup.com/d8f54bbb43063bc2bf7292d24fdb4c1e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HEWmA0ptB2MEjTk7Ao7Buw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNQ--/https://media.zenfs.com/en/cnwgroup.com/d8f54bbb43063bc2bf7292d24fdb4c1e","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2975177/Tucows_Inc__Tucows_Posts_First_Quarter_2026_Revenue_and_Gross_Pr.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Our first quarter results reflect steady execution across the business, with consolidated revenue and gross profit increasing year over year, driven by strong growth at Ting and continued margin gains in Tucows Domains," said David Woroch, CEO of Tucows. "We delivered positive cash flow this quarter, even with Adjusted EBITDA that was impacted by legacy mobile obligations and continued investment in Wavelo's go-to-market efforts. Overall, we remain focused on disciplined execution, strengthening the profitability of our core businesses, and continuing to move Ting's strategic process forward."","length":629,"tagName":"p"},{"type":"text","content":"Financial ResultsConsolidated net revenue for the first quarter of 2026 increased 2.0% to $96.7 million from $94.6 million for the first quarter of 2025, driven by strong revenue gains from Ting.","length":196,"tagName":"p"},{"type":"text","content":"Gross profit for the first quarter of 2026 increased 2.5% to $24.1 million from $23.5 million from the first quarter of 2025. The increase in gross profit was driven by year-over-year margin gains from Tucows Domains, as well as a decrease in network expenses.","length":260,"tagName":"p"},{"type":"text","content":"Net loss for the first quarter was $18.1 million ($1.63 per share), compared with a net loss of $15.1 million ($1.37 per share) in Q1 2...