What is Tucows's contract liabilities?

Tucows (TCX) reported contract liabilities of $22.01M in Q1 2026.

How has Tucows's contract liabilities changed year-over-year?

Tucows's contract liabilities increased by 1.6% year-over-year, from $21.65M to $22.01M.

What is the long-term trend for Tucows's contract liabilities?

Over 5 years (2020 to 2025), Tucows's contract liabilities has grown at a -3.0% compound annual growth rate (CAGR), from $24.91M to $21.35M.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

Tucows TCX Contract Liabilities

Contract Liabilities at other companies

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$964.1M+4.5%

HarmonicHLIT

$32.73M-46.0%

Ziff DavisZD

$6.11M+8.1%

Shenandoah TelecomSHEN

$11.3M-58.2%

Lumen TechnologiesLUMN

——

CienaCIEN

——

Other financials

Income statement

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Revenue$96.7M+2.2%

Gross profit$24.1M+2.5%

Operating income-$4.3M-112%

Net income-$18.1M-19.7%

Balance sheet

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Cash & equivalents$44.3M+16.4%

Total debt$363.9M+12.5%

Total equity-$181.3M-67.5%

Total assets$729.2M-1.7%

Cash flow

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Operating cash flow$3.5M+131%

CapEx$5.5M+1.7%

Free cash flow-$2.0M+88.0%

Valuation

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Market cap$149.62M-30.4%

Enterprise value$469.18M-4.7%

P/S0.4×-0.2×

Profitability

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Gross margin30.8%—

Operating margin10.4%—

Net margin-20.1%-4.0pp

FCF margin-2.1%-1.0pp

Returns & leverage

See full

Return on equity-180.6%-217pp

Debt / equity25×+24.8×

Current ratio0.6×-0.4×

Where this comes from

Reported directly by Tucows in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Tucows’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tucows's contract liabilities?: Tucows (TCX) reported contract liabilities of $22.01M in Q1 2026.
How has Tucows's contract liabilities changed year-over-year?: Tucows's contract liabilities increased by 1.6% year-over-year, from $21.65M to $22.01M.
What is the long-term trend for Tucows's contract liabilities?: Over 5 years (2020 to 2025), Tucows's contract liabilities has grown at a -3.0% compound annual growth rate (CAGR), from $24.91M to $21.35M.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.