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Tucows TCX Network Access Services — Goodwill

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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:Goodwill.

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 network access services — goodwill?
Tucows (TCX) reported network access services — goodwill of $22.7M in Q1 2026.
How has Tucows's network access services — goodwill changed year-over-year?
Tucows's network access services — goodwill decreased by 0.0% year-over-year, from $22.7M to $22.7M.
What does network access services — goodwill mean?
This represents the carrying value of goodwill specifically allocated to the Network Access Services segment following business combinations. It reflects the premium paid over the fair value of net identifiable assets for this segment. Monitoring this balance helps investors evaluate potential impairment risks associated with the segment's long-term growth prospects.