10-Q quarterly report · filed May 7, 2026

TUCOWS INC /PA/ (TCX) Q1 2026 10-Q Quarterly Report

Short answer

TUCOWS INC /PA/ (TCX) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $97M (up 2.2% year over year) with net income of −$18M.

Q1 2026 key financials · XBRL

Revenue
$97M
+2.2% YoY
Net income
−$18M
−19.7% YoY
Operating margin
-4.5%
Gross margin
25.0%
EPS (diluted)
−$1.63
−19.0% YoY

Source: XBRL data from the TUCOWS INC /PA/ (TCX) Q1 2026 10-Q on SEC EDGAR. USD.

TUCOWS INC /PA/ Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $96.7M, up from $94.6M YoY
  • Ting active subscribers 57,000 vs 52,000; serviceable addresses 249,000 vs 187,000
  • Tucows Domains registrations 5.19M vs 5.624M; domains under management 21.458M vs 24.286M
  • Ting strategic review ongoing amid $204.9M potential preferred-unit redemption obligation
  • $0.2M accrued penalties for minimum-commitment shortfall in current period

Risk Factors

  • Preferred-return default: Ting owes Generate $19.7 million after four consecutive unpaid quarters
  • Trigger-event exposure: Generate’s December 1, 2025 notice permits remedies under the LLC Agreement
  • Capital-allocation risk: $40 million 2026 buyback program authorized through February 12, 2027

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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