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Tucows TCX Wavelo Platform Services — Revenue from external customers

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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:RevenueFromContractWithCustomerIncludingAssessedTax.

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
Total Fiber21,59516,41040,96932,725
Wavelo:
Platform Services11,75512,65623,31624,052
Total Wavelo11,75512,65623,31624,052
Tucows Domains
Wholesale
Domain Services48,83651,55797,641101,561
Value Added Services6,3035,75711,76311,660

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Tucows's wavelo platform services — revenue from external customers?
Tucows (TCX) reported wavelo platform services — revenue from external customers of $11.76M in Q2 2026.
What does wavelo platform services — revenue from external customers mean?
This metric represents the total revenue generated from third-party customers for mobile platform and software-as-a-service solutions. It reflects the market adoption and commercial success of the company's mobile service enabler technology. Growth in this figure indicates successful scaling of the platform business model and expansion of the external client base.

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