Tucows Inc (TCX) News & EventsTCXTucows Inc

Tucows Reports Q3 Revenue of $100M, Up 1.4% YoY

Reports Q3 revenue $100M, up 1.4% year-over-year. "Adjusted EBITDA and gross profit grew year over year, and we remain on track for our 2026 guidance," said CEO David Woroch. "We also retired the Ting preferred units valued at $149.3M , and repaid $6M on our syndicated loan facility. After quarter end, we agreed to assign Ting's Colorado Springs lease, which is expected to release Tucows' parent guaranty in the spring. Each of these steps makes the business simpler and more flexible than it was a quarter ago."

Tucows' Subsidiary Ting Fiber Transfers Dark Fiber Lease in Colorado Springs

Tucows' indirect wholly owned subsidiary Ting Fiber has entered into agreements to transfer its dark fiber network lease in Colorado Springs. The transfer is expected to close on March 31, 2027, subject to customary closing conditions. Tucows' related parent guaranty is expected to terminate by the end of April 2027, following closing and satisfaction of certain post-closing obligations. Ting will continue to serve its Colorado Springs customers through the transition, which will be completed no later than June 30, 2027.

Tucows Q1 Revenue Grows to $96.7M

Reports Q1 revenue $96.7M vs. $94.6M last year. "Our Q1 results reflect steady execution across the business, with consolidated revenue and gross profit increasing year over year, driven by strong growth at Ting and continued margin gains in Tucows Domains," said David Woroch, CEO. "We delivered positive cash flow this quarter, even with Adjusted EBITDA that was impacted by legacy mobile obligations and continued investment in Wavelo's go-to-market efforts. Overall, we remain focused on disciplined execution, strengthening the profitability of our core businesses, and continuing to move Ting's strategic process forward."