🎉 M&A multiples are live!
Check it out!

Tucows Valuation Multiples

Discover revenue and EBITDA valuation multiples for Tucows and similar public comparables like Globalstar, Jordan Telecom, and KPN.

Tucows Overview

About Tucows

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.


Founded

1992

HQ

United States of America
Employees

864

Website

tucows.com

Financials

LTM Revenue $362M

Last FY EBITDA -$1.8M

EV

$693M

Valuation Multiples

Multiples.vc

Sign up to see

Valuation Multiples for 12K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Tucows Financials

Tucows has a last 12-month revenue (LTM) 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

Tucows P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $362M XXX $362M XXX XXX XXX
Gross Profit $362M XXX $83.0M XXX XXX XXX
Gross Margin 100% XXX 23% XXX XXX XXX
EBITDA n/a XXX -$1.8M XXX XXX XXX
EBITDA Margin n/a XXX -1% XXX XXX XXX
EBIT n/a XXX -$36.3M XXX XXX XXX
EBIT Margin n/a XXX -10% XXX XXX XXX
Net Profit -$113M XXX -$110M XXX XXX XXX
Net Margin -31% XXX -30% XXX XXX XXX
Net Debt XXX XXX $425M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Tucows Stock Performance

As of May 30, 2025, Tucows's stock price is $20.

Tucows has current market cap of $216M, and EV of $693M.

See Tucows trading valuation data

Tucows Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$693M $216M XXX XXX XXX XXX $-6.98

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Tucows Valuation Multiples

As of May 30, 2025, Tucows has market cap of $216M and EV of $693M.

Tucows's trades at 1.9x EV/Revenue multiple, and -380.5x EV/EBITDA.

Equity research analysts estimate Tucows's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Tucows has a P/E ratio of -1.9x.

See valuation multiples for Tucows and 12K+ public comps

Tucows Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $216M XXX $216M XXX XXX XXX
EV (current) $693M XXX $693M XXX XXX XXX
EV/Revenue 1.9x XXX 1.9x XXX XXX XXX
EV/EBITDA n/a XXX -380.5x XXX XXX XXX
EV/EBIT n/a XXX -19.1x XXX XXX XXX
EV/Gross Profit 1.9x XXX n/a XXX XXX XXX
P/E -1.9x XXX -2.0x XXX XXX XXX
EV/FCF n/a XXX -9.0x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Tucows Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Tucows Margins & Growth Rates

Tucows's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.

Tucows's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Tucows's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Tucows and other 12K+ public comps

Tucows Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth n/a XXX n/a XXX XXX XXX
EBITDA Margin n/a XXX -1% XXX XXX XXX
EBITDA Growth n/a XXX n/a XXX XXX XXX
Rule of 40 n/a XXX n/a XXX XXX XXX
Bessemer Rule of X XXX XXX n/a XXX XXX XXX
Revenue per Employee XXX XXX $0.4M XXX XXX XXX
Opex per Employee XXX XXX $0.1M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 16% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 5% XXX XXX XXX
Opex to Revenue XXX XXX 33% XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics
Pharma Analytics
Private Equity
ERP Software
Developer Tools
Consumer SaaS
Streaming Platforms

Tucows Public Comps

See public comps and valuation multiples for Internet Service Providers and Cloud Infrastructure comps
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

Valuation data powered by FactSet, Inc.

Tucows M&A and Investment Activity

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

Latest Acquisitions by Tucows

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

Get Verified M&A Valuation Multiples

Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.

Start Free Trial

About Tucows

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. Elliot Laurence Noss.
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 $216M
What is the current revenue of Tucows? Tucows's last 12 months revenue is $362M.
What is the current EV/Revenue multiple of Tucows? Current revenue multiple of Tucows is 1.9x.
Is Tucows profitable? Yes, Tucows is EBITDA-positive (as of the last 12 months).

Join Now Or Talk To Us

Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.