Filing Flows › Tucows (TCX) › Q3 2026
Tucows (TCX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Tucows (TCX) reported revenue of $100M for the third quarter 2026 (Q3 2026), +1% from a year earlier and -0.6% from the quarter before. Operating margin was 0.3%, net loss $10.3M (10.3% of revenue).
Tucows, Q3 2026: revenue $100M (+1% year over year), operating margin 0.3%, net loss $10.3M, operating cash flow −$4.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $100M | -0.6% | +1% |
| Operating profit | $298K | — | — |
| Net earnings | −$10.3M | — | — |
| Operating cash flow | −$4.6M | -338% | -401% |
What changed
Revenue was $100.0M in Q3 2026, up 1% year over year and down 1% from the previous quarter.
Gross margin was 29.1%, up 4.6 points from Q3 2025. Operating profit was $298K, a 0.3% margin (up 10.0 points year over year). Operating expenses fell 15% while revenue rose 1%. The fastest-growing cost line was General & admin (+20%). The quarter ended with a net loss of $10.3M, narrower than the previous quarter's $20.5M loss. Net interest and other expense of $8.6M was the main reason.
Operating cash flow was −$4.6M. Non-cash charges added back $775K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $3.9M. Capital expenditures of $5.1M exceeded it, leaving free cash flow of −$9.7M.
Questions
What was Tucows' revenue in the third quarter 2026?
Tucows (TCX) reported revenue of $100M for the third quarter 2026 (Q3 2026), +1% from a year earlier and -0.6% from the quarter before.
Was Tucows profitable in the third quarter 2026?
Operating profit was $298K (0.3% of revenue) and net loss $10.3M.
Source: Tucows 10-Q on SEC EDGAR.