What is Tucows's wavelo platform services — cost of revenue?

Tucows (TCX) reported wavelo platform services — cost of revenue of $392K in Q2 2026.

What does wavelo platform services — cost of revenue mean?

This metric captures the direct costs incurred to deliver mobile platform services to external customers, including infrastructure, hosting, and support expenses. Monitoring this cost relative to revenue is essential for evaluating the gross margin profile and operational scalability of the platform segment. It provides insight into the efficiency of the service delivery model and the underlying cost structure of the technology stack.

Tucows (TCX) Wavelo Platform Services — Cost of revenue

Screener

Other segment segments

Tucows Domain Name Services

$43.42M—

Ting Internet

$9.65M—

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VYXService — Cost of revenue

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ILMNService — Cost of revenue

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INTUService — Cost of revenue

$1.32B+15.7%

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

See full

Gross margin30.8%—

Operating margin10.4%—

Net margin-21.2%-2.9pp

FCF margin-3.7%-1.5pp

Returns & leverage

See full

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 item	Three Months Ended June 30, 2026	Three Months Ended June 30, 2025	Six Months Ended June 30, 2026	Six Months Ended June 30, 2025
Wavelo:
Platform Services	392	95	718	232
Other professional services	-	-	-	-
Total Wavelo	392	95	718	232
Tucows Domains:
Wholesale
Domain Services	38,800	41,193	77,582	81,575
Value Added Services	317	456	637	936

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Tucows's wavelo platform services — cost of revenue?: Tucows (TCX) reported wavelo platform services — cost of revenue of $392K in Q2 2026.
What does wavelo platform services — cost of revenue mean?: This metric captures the direct costs incurred to deliver mobile platform services to external customers, including infrastructure, hosting, and support expenses. Monitoring this cost relative to revenue is essential for evaluating the gross margin profile and operational scalability of the platform segment. It provides insight into the efficiency of the service delivery model and the underlying cost structure of the technology stack.