Filing Flows › Tucows (TCX) › Q2 2026
Tucows (TCX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Tucows (TCX) reported revenue of $101M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +4% from the quarter before. Operating margin was -5.4%, net loss $20.5M (20.4% of revenue).
Tucows, Q2 2026: revenue $101M (+2% year over year), operating margin -5.4%, net loss $20.5M, operating cash flow $1.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $101M | +4% | +2% |
| Operating profit | −$5.5M | — | — |
| Net earnings | −$20.5M | — | — |
| Operating cash flow | $1.9M | -45% | -71% |
What changed
Revenue was $100.6M in Q2 2026, up 2% year over year and up 4% from the previous quarter.
Gross margin was 25.6%, up 3.2 points from Q2 2025. Operating costs exceeded revenue by $5.5M, an operating margin of -5.4%. Operating expenses grew 25% against revenue growth of 2%. The quarter ended with a net loss of $20.5M, wider than the previous quarter's $18.1M loss. Net interest and other expense of $11.9M was the main reason.
Operating cash flow was $1.9M (down 71% year over year). Non-cash charges added back $778K of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $20.5M. Capital expenditures of $5.1M exceeded it, leaving free cash flow of −$3.1M.
Questions
What was Tucows' revenue in the second quarter 2026?
Tucows (TCX) reported revenue of $101M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +4% from the quarter before.
Was Tucows profitable in the second quarter 2026?
Operating loss was $5.5M (-5.4% of revenue) and net loss $20.5M.
Source: Tucows 10-Q on SEC EDGAR.