Q1 2025 Investor presentation
05.08.2025
Nasdaq (TCX) | TSX (TC)
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Quarterly Highlights The Tucows Busifiess
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Tucows Domaifis
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Wavelo Tifig
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Ifivestor Resources
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Table of contents
Quarterly Business Highlights
Tucows | Quarterly business highlights: Q1 2025
- Q1 continues trend following four consecutive years of revenue growth
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Year-over-year and quarter-over-quarter growth
of all KPIs:
Revenue +8% YoY | 2% QoQ
Gross Profit +29% YoY | 11% QoQ
Adjusted EBITDA +225% YoY | 6.5% QoQ
- $2.5 million payment on syndicated loan
Strong year over year growth in:
Revenue +16%
Gross Margin +20%
Adjusted EBITDA improved +91%
Total Subscribers +12%
Owned + Partner Serviceable Addresses +19%
Strong year-over-year and
quarter-over-quarter growth of all KPIs:
Revenue + 21% YoY | 15% QoQ
Margin + 25% YoY | 20% QoQ
Adjusted EBITDA +60% YoY | 21% QoQ
Margin 99% of revenue
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Year-over-year growth:
Revenue +6% YoY
Gross Margin +9% YoY
Adjusted EBITDA +15% YoY
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Consolidated business highlights (In thousands of U.S. Dollars, except per share data) | 3 Months ended March 31 | ||
2025 (unaudited) | 2024 (unaudited) | % Change (unaudited) | |
Net Revenues | 94,609 | 87,457 | 8% |
Gross Profit | 23,531 | 18,316 | 28% |
Income Earned on Sale of Transferred Assets, net | 2,741 | 3,621 | (24)% |
Net Income (Loss) | (15,133) | (26,484) | 43% |
Adjusted Net Income (Loss)¹ | (14,914) | (23,380) | 36% |
Basic earnings (Loss) per common share | (1.37) | (2.42) | 43% |
Adjusted Basic earnings (Loss) per common share¹ | (1.35) | (2.14) | 37% |
Adjusted EBITDA¹ | 13,671 | 4,202 | 225% |
Net cash provided by (used in) operating activities | (11,251) | (5,678) | (98)% |
Cofisolidated busifiess highlights
1. Non-GAAP financial measures are described and reconciled to GAAP measures in the company's quarterly earnings press release. 6
Tucows | Quarterly business highlights