Tucows Inc.

NASDAQ•TCX

CEO: Mr. Elliot Noss

セクター: Technology

業種: Software - Infrastructure

上場日: 1996-04-30

Tucows Inc. provides network access, domain name registration, email, mobile telephony, and other Internet services in North America and Europe. It operates in three segments: Ting, Wavelo and Tucows Domains. The Ting segment provides fiber and fixed wireless internet services. The Wavelo segment offers individual developer tools, subscription, billing management, network orchestration, and provisioning services. This segment also provides billing solutions under Platypus brand. The Tucows Domains segment offers name registration, as well as value added services under OpenSRS, eNom, Ascio, EPAG, and Hover brands. The company was formerly known as Infonautics, Inc. and changed its name to Tucows Inc. in August 2001. Tucows Inc. was incorporated in 1992 and is headquartered in Toronto, Canada.

連絡先情報

96 Mowat Avenue, Toronto, ON, M6K 3M1, Canada

416-535-0123

www.tucows.com

時価総額

$175.66M

PER (TTM)

-2.3

配当利回り

52週高値

$25.17

52週安値

$13.27

52週レンジ

21%

順位38Top 36.9%

4.3

F-Score

改良版 Piotroski 分析

10年ファンダメンタル

堅調 • 4.3 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2016-2025

財務ダッシュボード

Q4 2025 データ

売上高

$98.67M+0.00%

直近4四半期の推移

EPS

-$1.98+0.00%

直近4四半期の推移

フリーCF

-$6.97M+0.00%

直近4四半期の推移

2025 Q3 決算ハイライト

主なハイライト

Nine Months Revenue Growth Total net revenues for nine months $291.6M USD, increasing 8%, driven by Domains pricing and Wavelo growth.

Adjusted EBITDA Surge Nine months Adjusted EBITDA $44.9M USD, increasing 106% due to operational efficiencies and revenue gains.

Ting Subscriber Underperformance Ting Internet subscribers fell to 52K from 132K, reflecting internal forecast underperformance and liquidity pressure.

Improved Operating Cash Flow Cash flow from operations used $3.2M USD over nine months, a 79% reduction in outflow compared to prior period.

リスク要因

Ting Financing Default Risk Ting failed two preferred return payments ($9.5M); potential Return Breach by November 30, 2025, risking financing.

Wavelo Customer Concentration Wavelo segment revenue heavily reliant on EchoStar, posing significant risk if customer relationship is not maintained.

Ting Liquidity Needs Ting may require additional financing to meet obligations over next twelve months due to ongoing capital needs.

Domains Market Competition Intensifying competition in Internet services poses material risk, potentially causing pricing pressure on Tucows Domains revenues.

見通し

Ting Strategic Review Ongoing Company commenced review of strategic alternatives for Ting business; process is costly and time-consuming.

Ting Financing Uncertainty Ting's ability to raise capital or access Milestone Funding is uncertain, potentially restricting network expansion.

Tucows Debt Refinancing Plan Tucows businesses excluding Ting plan to fund 2025 needs via operating income, requiring 2026 Credit Facility refinance.

Ting Workforce Risks Monitored Ongoing monitoring of workforce reduction impacts on operational disruptions, employee morale, and competitive positioning.

同業比較

売上高 (TTM)

BKKT

$3.85B

+102.0%

IMMR

$1.23B

+3538.9%

WALD

$514.94M

+48.5%

粗利益率 (最新四半期)

KLTR

70.0%

+3.4pp

SATL

67.8%

+8.7pp

DMRC

63.5%

-4.2pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
SATL	$310.66M	-4.3	117.6%	134.4%
KLTR	$216.29M	-16.9	-62.9%	27.7%
IMMR	$206.37M	4.8	13.5%	23.5%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

1.4%

緩やかな成長

4四半期純利益CAGR

N/M

収益構造の変化

キャッシュフロー安定性

50%

キャッシュフローに注意が必要

深度リサーチ

次回決算:2026年5月6日

EPS:-

売上高:-

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし