Tucows Inc.
TCX Technology Software Infrastructure
Tucows Inc.’s revenue for fiscal 2025 (year ended December 2025) was $390.3 million, up 7.74% from fiscal 2024. In the quarter to June 2026, revenue grew 2.13%, EPS fell 30.5%, free cash flow fell 112.8% and total debt was flat, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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Tucows Inc. (TCX) EV/Sales
As of 16 October 2026, Tucows Inc. (TCX) trades at a EV/Sales of 2.0×. Over the past ten years it has ranged from 1.2× (February 2016) to 3.8× (November 2021); the current reading is higher than 25% of that period. That is below the Software Infrastructure industry median of 2.9× and below the Technology sector median of 2.7×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 2.3× | 0.46% |
| FY2024 | 2.3× | (6.85%) |
| FY2023 | 2.5× | (0.67%) |
| FY2022 | 2.5× | (29.71%) |
| FY2021 | 3.5× | 22.84% |
| FY2020 | 2.9× | 29.53% |
| FY2019 | 2.2× | 11.86% |
| FY2018 | 2.0× | (9.38%) |
| FY2017 | 2.2× | 10.10% |
| FY2016 | 2.0× | 50.79% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 2.1× | (5.11%) |
| Mar 2026 | 2.2× | (6.43%) |
| Dec 2025 | 2.3× | 4.37% |
| Sep 2025 | 2.2× | (3.46%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| EXOD Exodus Movement, Inc. compare | −1.9× |
| AMBR Amber International Holding Limited - Sponsored ADR compare | 0.1× |
| DAVA Endava PLC Sponsored ADR compare | 0.3× |
| USIO Usio Inc compare | 0.8× |
| SANG Sangoma Technologies Corporation compare | 0.8× |
| TCX Tucows Inc. | 2.0× |
| DVLT Datavault AI Inc. compare | 2.2× |
| AGPU Axe Compute Inc. compare | 39.6× |
| SKYA SkyAI, Inc. compare | 459× |
| Software Infrastructure industry median | 2.9× |
| Technology sector median | 2.7× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)