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Tucows TCX Wavelo — Sales & Marketing

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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:SellingAndMarketingExpense.

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 wavelo — sales & marketing?
Tucows (TCX) reported wavelo — sales & marketing of $2.44M in Q1 2026.
How has Tucows's wavelo — sales & marketing changed year-over-year?
Tucows's wavelo — sales & marketing increased by 5.0% year-over-year, from $2.33M to $2.44M.
What is the long-term trend for Tucows's wavelo — sales & marketing?
Over 3 years (2022 to 2025), Tucows's wavelo — sales & marketing has grown at a 21.0% compound annual growth rate (CAGR), from $5.76M to $10.2M.
What does wavelo — sales & marketing mean?
Includes all costs related to the promotion, advertising, and sales efforts aimed at acquiring or retaining customers for the Wavelo segment. This metric is essential for evaluating the segment's customer acquisition strategy and the efficiency of its growth investments.