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Tucows TCX Ting — Network, other costs

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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$142.91M-36.1%
Enterprise value$457.72M-5.6%
P/S0.4×-0.2×

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 tcx:CostOfGoodsAndServicesSoldNetworkExpenses.

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
For the Three Months Ended June 30, 2026TingWaveloTucows DomainsConsolidated Totals
Total net revenues21,59511,75564,99398,343
Less:
Cost of revenues9,64539243,41653,453
Network, other costs (2)1,0932,3412,0895,523
Sales and marketing (2)5,0633,0623,74511,870
Technical operations and development (2)3962,1512,0324,579
General and administrative (2) (3)4,9061,1953,1749,275
Other segment items (4)(1,028)(214)(1,340)(2,582)

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Tucows's ting — network, other costs?
Tucows (TCX) reported ting — network, other costs of $1.09M in Q2 2026.
What does ting — network, other costs mean?
This metric captures the direct costs associated with maintaining and operating the network infrastructure required to deliver mobile and internet services. It includes expenses such as wholesale network access fees, interconnection charges, and other variable costs necessary to support the segment's service delivery. Monitoring these costs is essential for evaluating the gross margin efficiency of the mobile service business.

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