Tucows Delivers Strong Results in Q3 And Reiterates Full-Year Financial Guidance
Financial Performance: Tucows Inc. reported a 6.8% increase in consolidated net revenue for Q3 2025, reaching $98.6 million, with a 53% rise in Adjusted EBITDA to $13.3 million, driven by growth across all business segments.
Net Loss: The company experienced a net loss of $23.0 million in Q3 2025, slightly higher than the $22.3 million loss in the same quarter of 2024, although the adjusted net loss improved by 20% year-over-year.
Cash Position: Tucows ended Q3 2025 with cash and cash equivalents totaling $70.8 million, an increase from $68.6 million in the previous quarter but a decrease from $91.1 million a year earlier.
Management Outlook: CFO Ivan Ivanov highlighted the company's operational improvements and ongoing initiatives aimed at enhancing shareholder value, indicating a positive trajectory for future performance.
Get Free Real-Time Notifications for Any Stock
Analyst Views on TCX
About TCX
About the author
Key Stock Updates for Caterpillar, Shopify, and Qualcomm
Caterpillar Inc. (CAT): Caterpillar's shares have outperformed the industry, with a significant backlog supporting growth despite earnings declines due to tariffs. The company anticipates a $1.6-$1.75 billion impact from tariffs in 2025 but expects growth from increased construction activities and commodity demand.
Shopify Inc. (SHOP): Shopify's stock has risen significantly, driven by an expanding merchant base and new AI-driven tools. However, the company faces challenges with gross margin pressure and higher operating expenses, which may impact profitability in the near term.
Qualcomm Inc. (QCOM): Qualcomm's shares have seen moderate growth, bolstered by advancements in AI capabilities and a strong automotive business. Nonetheless, competition in the mobile chipset market and trade tensions may hinder future profit potential.
Micro-cap Stocks: Waterstone Financial and Tucows have shown strong performance relative to their industries, with Waterstone benefiting from improved net interest margins and Tucows leveraging high-margin services. Both companies face challenges, including rising loan stress for Waterstone and operational risks for Tucows.
Tucows Sees Reduced Year-over-Year Loss and Strong EBITDA Growth in Q3
Stock Performance: Tucows Inc. (TCX) shares rose 15.1% following their Q3 2025 results, significantly outperforming the S&P 500, which declined by 5.4% during the same period.
Financial Highlights: The company reported a 6.8% increase in consolidated net revenues to $98.6 million and a 9% rise in gross profit to $24.2 million, with adjusted EBITDA jumping 53% year-over-year to $13.3 million.
Operational Insights: Tucows’ Domains and Wavelo Services were key revenue drivers, with Domains revenues increasing by 5% and Wavelo Services growing nearly 18%, while Ting Internet Services also saw an 11% revenue increase.
Leadership Transition and Strategic Review: David Woroch was appointed as the new CEO, succeeding Elliot Noss, and the company is exploring options for Ting Internet Services, including a potential sale, to focus on its capital-light business models.
