Short answer
TUCOWS INC /PA/ (TCX) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $99M (up 6.8% year over year) with net income of −$23M.
Q3 2025 key financials · XBRL
- Revenue
- $99M
- +6.8% YoY · +0.1% QoQ
- Net income
- −$23M
- −3.2% YoY · −47.2% QoQ
- Operating margin
- -9.7%
- Gross margin
- 24.5%
- EPS (diluted)
- −$2.08
- −2.5% YoY · −46.5% QoQ
Source: XBRL data from the TUCOWS INC /PA/ (TCX) Q3 2025 10-Q on SEC EDGAR. USD.
TUCOWS INC /PA/ Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $98.6M vs $92.3M YoY, up $6.3M
- Ting subscribers 52,000 vs 50,000; partner serviceable addresses 88,000 vs 41,000
- Tucows Domains transactions 4.745M vs 5.278M YoY, down 533,000
- Ting strategic alternatives review amid ongoing capital needs
- $1.3M accrued penalties for MNO minimum-commitment shortfall, expected throughout 2025 and thereafter
Risk Factors
- New strategic-alternatives review for Ting, creating execution uncertainty and potential stock-price volatility
- Ting losses $26.7M and $68.5M for three and nine months ended September 30, 2025
- Generate preferred-return default $9.5M after two consecutive quarters, with cure deadline November 30, 2025
- Ting term notes $290.6M, preferred units $131.8M, and scheduled interest $20.6M within twelve months
- Mobile MNO minimum payments $5.1M through January 16, 2026 despite limited retained subscriber base
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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