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Tucows Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tucows and similar public comparables like Unisys, DUG Technology, LICT, Intred and more.
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
Employees
864
Website
Financials (LTM)
EV
$685M
Tucows Financials
Tucows reported last 12-month revenue of $390M.
In the same LTM period, Tucows generated had net loss of ($76M).
Revenue (LTM)
Tucows P&L
In the most recent fiscal year, Tucows reported revenue of $390M and EBITDA of $36M.
Tucows expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $390M | XXX | $390M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $94M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 24% | XXX | XXX | XXX |
| EBITDA | — | XXX | $36M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (5%) | XXX | XXX | XXX |
| Net Profit | ($76M) | XXX | ($76M) | XXX | XXX | XXX |
| Net Margin | (19%) | XXX | (19%) | XXX | XXX | XXX |
| Net Debt | — | — | $434M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tucows Stock Performance
Tucows has current market cap of $187M, and enterprise value of $685M.
Market Cap Evolution
Tucows' stock price is $16.78.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $685M | $187M | 0.0% | XXX | XXX | XXX | $-6.81 |
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Start Free TrialTucows Valuation Multiples
Tucows trades at 1.8x EV/Revenue multiple, and 19.0x EV/EBITDA.
EV / Revenue (LTM)
Tucows Financial Valuation Multiples
As of April 17, 2026, Tucows has market cap of $187M and EV of $685M.
Equity research analysts estimate Tucows' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tucows has a P/E ratio of (2.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $187M | XXX | $187M | XXX | XXX | XXX |
| EV (current) | $685M | XXX | $685M | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 19.0x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (36.7x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 7.3x | XXX | XXX | XXX |
| P/E | (2.5x) | XXX | (2.5x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (29.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tucows Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Tucows Margins & Growth Rates
Tucows' revenue in the last fiscal year grew by 8%.
Tucows' revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Tucows Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (2083%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 12% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 11% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 29% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tucows Public Comps
See public comps and valuation multiples for other Telecom Service Providers and Cloud Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Tucows | XXX | XXX | XXX | XXX | XXX | XXX |
| Unisys | XXX | XXX | XXX | XXX | XXX | XXX |
| DUG Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| LICT | XXX | XXX | XXX | XXX | XXX | XXX |
| Intred | XXX | XXX | XXX | XXX | XXX | XXX |
| Crexendo | 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 Activity
Tucows acquired XXX companies to date.
Last acquisition by Tucows was on XXXXXXXX, XXXXX. Tucows acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tucows
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTucows Investment Activity
Tucows invested in XXX companies to date.
Tucows made its latest investment on XXXXXXXX, XXXXX. Tucows invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tucows
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Tucows
| When was Tucows founded? | Tucows was founded in 1992. |
| Where is Tucows headquartered? | Tucows is headquartered in Canada. |
| How many employees does Tucows have? | As of today, Tucows has over 864 employees. |
| Who is the CEO of Tucows? | Tucows' CEO is Elliot Laurence Noss. |
| Is Tucows publicly listed? | Yes, Tucows is a public company listed on Nasdaq. |
| 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? | Tucows main competitors are Unisys, DUG Technology, LICT, Intred. |
| What is the current market cap of Tucows? | Tucows' current market cap is $187M. |
| What is the current revenue of Tucows? | Tucows' last 12 months revenue is $390M. |
| What is the current EV/Revenue multiple of Tucows? | Current revenue multiple of Tucows is 1.8x. |
| Is Tucows profitable? | No, Tucows is not profitable. |
| What is the current net income of Tucows? | Tucows' last 12 months net income is ($76M). |
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