What is Tucows's R&D?

Tucows (TCX) reported R&D of $4.43M in Q1 2026.

How has Tucows's R&D changed year-over-year?

Tucows's R&D increased by 0.5% year-over-year, from $4.41M to $4.43M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Tucows TCX R&D

R&D at other companies

HarmonicHLIT

$20.88M+6.2%

VeriSignVRSN

$27.5M+5.8%

Ziff DavisZD

$13.64M-2.0%

Ubiquiti Inc.UI

$51.81M+17.1%

CienaCIEN

$237.91M+10.7%

MaxLinearMXL

$53.16M-4.1%

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

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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:ResearchAndDevelopmentExpense.

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 R&D?: Tucows (TCX) reported R&D of $4.43M in Q1 2026.
How has Tucows's R&D changed year-over-year?: Tucows's R&D increased by 0.5% year-over-year, from $4.41M to $4.43M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.