Tucows (TCX) Q3 FY2026 earnings: revenue $100 million, up 1.4% on the year
Tucows Inc. (TCX) reported revenue of $100 million for Q3 FY2026, the quarter ended 30 September 2026, up 1.4% on the same quarter a year earlier. Net income was -$10 million, and diluted earnings per share $-0.92. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.
Revenue
$100 million
+1.4% on the year · -0.6% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
0.3%
-9.7% a year earlier
Q4 FY2024Q3 FY2026
Net income
-$10 million
Q4 FY2024Q3 FY2026
Diluted EPS
-$0.92
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Revenue rose 1.4% on Ting growth: Consolidated net revenue was $100.0 million, up 1.4% year over year, which the company attributed to revenue growth at Ting. Nine-month net revenue was $297.2 million, up 2%.
Gross profit rose 20.5% year over year: Gross profit was $29.1 million, up 20.5% from the third quarter of 2025 and up 13% sequentially. The company said the expansion was driven primarily by a non-recurring mobile contract re-rate in Corporate, with Ting growth also contributing.
Adjusted EBITDA rose 39.8%: Adjusted EBITDA was $18.6 million, up 39.8% from the third quarter of 2025 and up 51% sequentially. The company said the main driver was the Corporate segment mobile contract re-rate, not the Ting segment.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
-4.6
1.9
1.5
Capital expenditure
5.1
5.1
3.9
+0.5%
+31.9%
Free cash flow
-9.7
-3.1
-2.3
Free cash flow margin
-9.7%
-3.1%
-2.4%
Cash from investing
-4.9
-3.7
3.5
Cash from financing
-9.8
0.0
-2.9
Depreciation and amortisation
0.8
0.8
0.8
-0.4%
-1.3%
Share-based compensation
1.0
1.2
1.4
-17.4%
-30.6%
Diluted shares, weighted
11m
11m
11m
+0.3%
+0.9%
Shares outstanding at period end
11m
11m
11m
+0.3%
+1.0%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
-210
-201
-144
Debt
478
483
480
-1.2%
-0.5%
Operating lease liabilities
71.7
74.5
48.7
-3.8%
+47.1%
Other liabilities
363
371
351
-2.0%
+3.5%
Total liabilities and equity
702
728
735
-3.5%
-4.5%
Fixed assets
264
268
288
-1.7%
-8.4%
Goodwill
130
130
130
0.0%
0.0%
Intangible assets
18.1
18.8
21.0
-3.7%
-13.9%
Investments
2.0
2.0
2.0
0.0%
0.0%
Cash and equivalents
24.8
44.2
54.1
-44.0%
-54.2%
Receivables
28.5
23.1
28.0
+23.4%
+1.7%
Inventory
4.1
4.0
4.0
+4.3%
+2.9%
Other assets
231
237
208
-2.7%
+10.8%
Total assets
702
728
735
-3.5%
-4.5%
Questions
What was Tucows' revenue in Q3 FY2026?
Tucows (TCX) reported revenue of $100 million for Q3 FY2026, the quarter ended 30 September 2026, up 1.4% on the same quarter a year earlier.
How much did Tucows earn in Q3 FY2026?
Net loss for Q3 FY2026 was $10 million, and the diluted loss per share $0.92.
When did Tucows report Q3 FY2026 results?
Tucows filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.