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Tucows Inc is a corporate parent, allocating capital and providing efficient shared services to its three businesses. The Company offers Mobile Service Enabler (MSE) solutions, as well as professional services to other retail mobile providers. The Company is also a distributor of Internet services, including domain name registration, digital certificates, and email. It provides these services through an Internet-based distribution network of Internet Service Providers, web hosting companies, and other providers of Internet services to end-users. It operates in three segments: Ting, Wavelo, and Tucows Domains. It generates the majority of its revenue from Tucows Domains. Geographically company operates in USA, Canada and Europe.
1992
864
LTM Revenue $362M
LTM EBITDA n/a
$640M
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Tucows has a last 12-month revenue of $362M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Tucows achieved revenue of $362M and an EBITDA of -$1.8M.
Tucows expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Tucows valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $339M | $362M | XXX | XXX | XXX |
| Gross Profit | $78.2M | $66.7M | XXX | XXX | XXX |
| Gross Margin | 23% | 18% | XXX | XXX | XXX |
| EBITDA | -$14.0M | -$1.8M | XXX | XXX | XXX |
| EBITDA Margin | -4% | -1% | XXX | XXX | XXX |
| Net Profit | -$27.6M | -$96.2M | XXX | XXX | XXX |
| Net Margin | -8% | -27% | XXX | XXX | XXX |
| Net Debt | $215M | $341M | XXX | XXX | XXX |
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As of April 15, 2025, Tucows's stock price is $17.
Tucows has current market cap of $184M, and EV of $640M.
See Tucows trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $640M | $184M | XXX | XXX | XXX | XXX | $-6.98 |
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Sign UpAs of April 15, 2025, Tucows has market cap of $184M and EV of $640M.
Tucows's trades at 1.8x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate Tucows's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Tucows and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $640M | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | -351.4x | XXX | XXX | XXX |
| P/E | -1.7x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -8.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpTucows's NTM/LTM revenue growth is -100%
Tucows's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Tucows's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Tucows's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Tucows and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -1% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -87% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 16% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 5% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 33% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| e& | XXX | XXX | XXX | XXX | XXX | XXX |
| Space42 | XXX | XXX | XXX | XXX | XXX | XXX |
| Jordan Telecom | XXX | XXX | XXX | XXX | XXX | XXX |
| KPN | XXX | XXX | XXX | XXX | XXX | XXX |
| Globalstar | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Tucows acquired XXX companies to date.
Last acquisition by Tucows was XXXXXXXX, XXXXX XXXXX XXXXXX . Tucows acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Tucows founded? | Tucows was founded in 1992. |
| Where is Tucows headquartered? | Tucows is headquartered in United States of America. |
| How many employees does Tucows have? | As of today, Tucows has 864 employees. |
| Who is the CEO of Tucows? | Tucows's CEO is Mr. David Woroch. |
| Is Tucows publicy listed? | Yes, Tucows is a public company listed on NAS. |
| What is the stock symbol of Tucows? | Tucows trades under TCX ticker. |
| When did Tucows go public? | Tucows went public in 1996. |
| Who are competitors of Tucows? | Similar companies to Tucows include e.g. e&, Space42, Jordan Telecom, KPN. |
| What is the current market cap of Tucows? | Tucows's current market cap is $184M |
| What is the current revenue of Tucows? | Tucows's last 12-month revenue is $362M. |
| What is the current EV/Revenue multiple of Tucows? | Current revenue multiple of Tucows is 1.8x. |
| What is the current revenue growth of Tucows? | Tucows revenue growth between 2023 and 2024 was 7%. |
| Is Tucows profitable? | Yes, Tucows is EBITDA-positive (as of the last 12 months). |
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