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Tucows TCX US — PP&E (Net)

Other geography segments

CA
$734K-8.1%

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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:PropertyPlantAndEquipmentNet.

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 US — PP&E (net)?
Tucows (TCX) reported US — PP&E (net) of $274.81M in Q1 2026.
How has Tucows's US — PP&E (net) changed year-over-year?
Tucows's US — PP&E (net) decreased by 14.5% year-over-year, from $321.59M to $274.81M.
What is the long-term trend for Tucows's US — PP&E (net)?
Over 4 years (2021 to 2025), Tucows's US — PP&E (net) has grown at a 19.2% compound annual growth rate (CAGR), from $592.11M to $1.19B.
What does US — PP&E (net) mean?
This metric represents the net book value of long-term physical assets located within the United States, such as network infrastructure, data center equipment, and hardware used to support internet and mobile services. It reflects the capital intensity of the company's regional operations after accounting for accumulated depreciation. Investors use this to assess the scale of physical investment required to maintain and expand the company's service delivery capabilities in the US market.