TCX News & Events

Reports Q1 revenue $96.7M vs. $94.6M last year. "Our Q1 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. "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."

Tucows approved a stock buyback program to repurchase up to $40M of its common stock in the open market. The new $40M buyback program will commence February 13, 2026, and will terminate on or before February 12, 2027. The previous $40M buyback program, which commenced February 14, 2025, has been terminated. The purchase will be funded from available working capital and existing credit facilities. As of February 12, Tucows had 11,124,591 common shares outstanding.

Tucows appointed long-time Tucows executive David Woroch as President and CEO, succeeding Elliot Noss. After a 25-year tenure as President and CEO, Elliot Noss will be stepping down as CEO of Tucows and transitioning to a continuing role as a member of the Board of Directors and consultant to the company's Ting Internet business. The Board has appointed David Woroch, a 25-year Tucows veteran and current CEO of Tucows Domains, as President and CEO of Tucows. As part of the transition, Woroch will remain as the CEO of Tucows Domains, and Ivan Ivanov, Tucows CFO, will also serve as CEO of Ting Internet. Tucows has initiated a process to explore strategic options for its Ting Internet business and has engaged a financial advisor. Elliot Noss will continue to support this process as a consultant.

Reports Q3 revenue $98.6M vs. $92.3M last year. "We're seeing the operating leverage we've been working toward," said Ivan Ivanov, CFO. "Broad-based topline growth, strong economics at Wavelo, continued margin expansion from Domains, and a more capital-efficient Ting combined to deliver a 53% increase in Adjusted EBITDA on 9% gross-profit growth. This puts our year-to-date consolidated Adjusted EBITDA of $39.5M slightly ahead of progress towards our 2025 guidance. The business is becoming simpler and healthier, and we have a clear line of sight to further improvement with initiatives underway to deliver value for Tucows' shareholders."