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Tucows TCX Ting Internet — Cost of revenue

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Other financials

Income statement

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Revenue$100.6M+2.1%
Gross profit$25.8M+16.6%
Operating income-$5.5M-89.5%
Net income-$20.5M-30.9%
EPS (diluted)-$1.84-30.5%

Balance sheet

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Cash & equivalents$60.2M-12.2%
Total debt$375.0M+13.8%
Total equity-$200.8M-65.0%
Total assets$727.7M-2.0%

Cash flow

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Operating cash flow$1.9M-70.5%
CapEx$5.1M+45.7%
Free cash flow-$3.1M-201%

Valuation

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Market cap$157.43M-20.8%
Enterprise value$472.24M+2.8%
P/S0.4×-0.1×

Profitability

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Gross margin30.8%
Operating margin10.4%
Net margin-21.2%-2.9pp
FCF margin-3.7%-1.5pp

Returns & leverage

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Return on equity-180.6%-217pp
Debt / equity25×+24.8×
Current ratio0.6×-0.5×

Where this comes from

Reported directly by Tucows in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Tucows’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 5:01 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000909494-26-000003
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Ting:
Fiber Internet Services$6,397$8,706$13,017$14,543
Construction revenue3,248-5,255-
Total Fiber9,6458,70618,27214,543
Wavelo:
Platform Services39295718232
Other professional services----
Total Wavelo39295718232

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Tucows's ting internet — cost of revenue?
Tucows (TCX) reported ting internet — cost of revenue of $9.65M in Q2 2026.
What does ting internet — cost of revenue mean?
This metric captures the direct costs associated with providing fiber internet services, including network maintenance, bandwidth procurement, and customer-specific installation expenses. Monitoring this figure is essential for evaluating the segment's gross margin profile and the operational efficiency of its network infrastructure. It highlights the direct variable and fixed costs required to support and deliver connectivity to the subscriber base.

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