TUCOWS INC /PA/
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $390.3M | $362.3M | $339.3M | $321.1M | $304.3M | $311.2M | $337.1M | $346.0M |
| Cost of Revenue | $296.3M | $279.2M | $272.7M | $242.9M | $226.0M | $225.7M | $236.4M | $249.2M |
| Gross Profit | $94.0M | $83.0M | $66.7M | $78.2M | $78.3M | $85.5M | $100.8M | $96.8M |
| Gross Margin | 24.1% | 22.9% | 19.6% | 24.4% | 25.7% | 27.5% | 29.9% | 28.0% |
| Operating Expenses | ||||||||
| Research & Development | $17.8M | $18.6M | $19.2M | $14.2M | $14.3M | $12.4M | $9.7M | $8.7M |
| SG&A Expense | $42.9M | $37.1M | $33.4M | $30.8M | $22.4M | $20.3M | $17.9M | $17.7M |
| Operating Income | $-23.5M | $-65.0M | $-63.7M | $-31.7M | $-7.8M | $6.9M | $29.3M | $29.3M |
| Operating Margin | -6.0% | -17.9% | -18.8% | -9.9% | -2.6% | 2.2% | 8.7% | 8.5% |
| Interest Expense | — | — | $46.3M | $14.6M | $4.6M | — | — | — |
| Pretax Income | $-67.3M | $-101.9M | $-103.1M | $-27.8M | $7.3M | $10.8M | $24.6M | $26.2M |
| Income Tax Expense | $8.5M | $8.0M | $-6.9M | $-217.0K | $3.9M | $5.0M | $9.2M | $9.0M |
| Net Income | $-75.8M | $-109.9M | $-96.2M | $-27.6M | $3.4M | $5.8M | $15.4M | $17.1M |
| Net Margin | -19.4% | -30.3% | -28.3% | -8.6% | 1.1% | 1.9% | 4.6% | 5.0% |
| EPS (Basic) | $-6.85 | $-10.02 | $-8.85 | $-2.56 | $0.32 | $0.55 | $1.45 | $1.62 |
| EPS (Diluted) | — | — | $-8.85 | $-2.56 | $0.31 | $0.54 | $1.43 | $1.59 |
| Shares Outstanding (Basic) | 11.1M | 11.0M | 10.9M | 10.8M | 10.7M | 10.6M | 10.6M | 10.6M |
| Shares Outstanding (Diluted) | 11.1M | 11.0M | 10.9M | 10.8M | 10.8M | 10.7M | 10.8M | 10.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |