Tucows was founded in 1993 and is headquartered in Toronto, CA

Tucows has offices in Toronto, Bonn, Amsterdam and Singapore

Toronto, CA (HQ)

96 Mowat Ave

Singapore, SG

51 Goldhill Plaza

Bonn, DE

16B Niebuhrstraße

Tucows's revenue was reported to be $69.6 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 69.6 m |

## Gross profit (Q1, 2017) | 16.9 m |

## Gross profit margin (Q1, 2017), % | 24% |

## EBIT (Q1, 2017) | 3.1 m |

## Market capitalization (25-Jul-2017) | 573.8 m |

## Closing share price (25-Jul-2017) | 54.3 |

## Cash (31-Mar-2017) | 15 m |

Tucows's current market capitalization is $573.8 m.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 129.9 m | 147.7 m | 172.9 m | 189.8 m |

## Revenue growth, % | 14% | 17% | 10% | |

## Cost of goods sold | 98.5 m | 107.1 m | 119.7 m | 126.8 m |

## Gross profit | 31.4 m | 40.6 m | 53.2 m | 63.1 m |

## Gross profit Margin, % | 24% | 27% | 31% | 33% |

## Sales and marketing expense | 12.1 m | 15.4 m | 18.5 m | 20.8 m |

## General and administrative expense | 7.2 m | 8.5 m | 10.7 m | 11.4 m |

## Operating expense total | 25.3 m | 30.9 m | 35.2 m | 38 m |

## EBIT | 6.2 m | 9.6 m | 18 m | 25 m |

## EBIT margin, % | 5% | 7% | 10% | 13% |

## Interest expense | 354.9 k | 206.7 k | 159 k | 449.8 k |

## Pre tax profit | 5.8 m | 9.4 m | 17.9 m | 25.1 m |

## Income tax expense | 1.6 m | 3.1 m | 6.6 m | 9 m |

## Net Income | 4.2 m | 6.4 m | 11.4 m | 16.1 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 35.6 m | 38.9 m | 40.5 m | 42.9 m | 44.6 m | 45.6 m | 47.5 m | 49.1 m | 69.6 m |

## Cost of goods sold | 26.1 m | 27.3 m | 28.2 m | 30 m | 30.5 m | 30.4 m | 31.6 m | 32.4 m | 52.6 m |

## Gross profit | 9.5 m | 11.6 m | 12.2 m | 12.9 m | 14 m | 15.2 m | 15.8 m | 16.6 m | 16.9 m |

## Gross profit Margin, % | 27% | 30% | 30% | 30% | 31% | 33% | 33% | 34% | 24% |

## Sales and marketing expense | 3.8 m | 3.6 m | 3.8 m | 4.8 m | 4.7 m | 5.3 m | 5.4 m | 5.5 m | 7.2 m |

## General and administrative expense | 1.9 m | 2.6 m | 1.8 m | 2.2 m | 2.6 m | 2.4 m | 2.9 m | 2.2 m | 3.5 m |

## Operating expense total | 5.6 m | 6.2 m | 5.6 m | 7 m | 7.3 m | 7.7 m | 8.4 m | 7.6 m | 10.7 m |

## EBIT | 2.1 m | 3.9 m | 4.4 m | 3.9 m | 5.1 m | 6.3 m | 6.1 m | 7.2 m | 3.1 m |

## EBIT margin, % | 6% | 10% | 11% | 9% | 11% | 14% | 13% | 15% | 4% |

## Interest expense | (69.3 k) | (63.5 k) | (24.8 k) | (57.4 k) | (79 k) | (46.2 k) | (120.5 k) | (135.2 k) | (868 k) |

## Pre tax profit | 2 m | 3.8 m | 4.4 m | 3.8 m | 5 m | 6.3 m | 6.1 m | 7.2 m | 2.3 m |

## Income tax expense | 665.9 k | 1.1 m | 1.6 m | 1.5 m | 1.8 m | 1.9 m | 2.1 m | 2.5 m | (125.4 k) |

## Net Income | 1.3 m | 2.7 m | 2.8 m | 2.3 m | 3.2 m | 4.4 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 12.4 m | 8.3 m | 7.7 m | 15.1 m |

## Inventories | 309.7 k | 393.8 k | 903.8 k | 1.2 m |

## Current Assets | 68.1 m | 74.5 m | 71.1 m | 83.3 m |

## Goodwill | 18.9 m | 18.9 m | 21 m | |

## Total Assets | 121.4 m | 125.8 m | 129.1 m | 154.4 m |

## Accounts Payable | 2.4 m | 3.6 m | 4.2 m | 4.8 m |

## Current Liabilities | 73.4 m | 69.5 m | 78.3 m | 84.4 m |

## Additional Paid-in Capital | 28.6 m | 29.1 m | 8.5 m | 2.9 m |

## Retained Earnings | 4.4 m | 20.4 m | ||

## Total Equity | 26.9 m | 35.6 m | 26.3 m | 37.8 m |

## Financial Leverage | 4.5 x | 3.5 x | 4.9 x | 4.1 x |

USD | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|

## Cash | 15.3 m | 11.9 m | 10 m | 5.9 m | 10.5 m | 15 m |

## Inventories | 619.4 k | 742.5 k | 1.1 m | 1.3 m | 1.5 m | 1 m |

## Current Assets | 80.3 m | 76.1 m | 71.4 m | 73.3 m | 81.1 m | 160.8 m |

## Goodwill | 21 m | 21 m | 21 m | 21 m | 21 m | 85.5 m |

## Total Assets | 139.3 m | 134.8 m | 138.4 m | 140.4 m | 148.3 m | 351.7 m |

## Accounts Payable | 3.8 m | 4 m | 4.5 m | 3.3 m | 4 m | 7.2 m |

## Current Liabilities | 79.5 m | 81.9 m | 83.9 m | 86.4 m | 80.8 m | 185.7 m |

## Additional Paid-in Capital | 22.5 m | 13.4 m | 6.7 m | 2.2 m | 2.6 m | 2.2 m |

## Retained Earnings | 8.8 m | 12.9 m | 17.6 m | 22.8 m | ||

## Total Equity | 34.2 m | 27.7 m | 29.7 m | 29.3 m | 34.5 m | 40 m |

## Financial Leverage | 4.1 x | 4.9 x | 4.7 x | 4.8 x | 4.3 x | 8.8 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 4.2 m | 6.4 m | 11.4 m | 16.1 m |

## Depreciation and Amortization | 843.4 k | 926.1 k | 1.4 m | 48 k |

## Accounts Receivable | (892.1 k) | (1.5 m) | (220.2 k) | (3.8 m) |

## Inventories | 277.4 k | (84.1 k) | (442.8 k) | (307 k) |

## Accounts Payable | 529.5 k | 1.2 m | 249.9 k | 390.9 k |

## Cash From Operating Activities | 8.7 m | 8.9 m | 13.3 m | 21.6 m |

## Purchases of PP&E | (1.3 m) | (711.7 k) | (3 m) | (7.9 m) |

## Cash From Investing Activities | (1.3 m) | (8.9 m) | 3.3 m | (14.4 m) |

## Cash From Financing Activities | (1.4 m) | (4.1 m) | (17.2 m) | 179.6 k |

## Interest Paid | 372.9 k | 207.8 k | 173.2 k | 420.3 k |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 1.3 m | 2.7 m | 2.8 m | 2.3 m | 3.2 m | 4.4 m | |||

## Depreciation and Amortization | 226.5 k | 230.7 k | 258.9 k | 342 k | 388 k | 420 k | 427.8 k | 457.4 k | 756.7 k |

## Accounts Receivable | (350.8 k) | 4.4 k | (168.6 k) | (1.1 m) | 262.1 k | (890.5 k) | (1.9 m) | (1.6 m) | 41.7 k |

## Inventories | 28.3 k | 90.1 k | (113.2 k) | (45.3 k) | (123 k) | (239.1 k) | (141.8 k) | (217.7 k) | 171 k |

## Accounts Payable | (866.5 k) | 326.6 k | 117.6 k | (110 k) | 195 k | 549.8 k | (1.2 m) | 681.3 k | (3.4 m) |

## Cash From Operating Activities | 2.2 m | 6.8 m | 5.6 m | 2.2 m | 5 m | 2.4 m | |||

## Purchases of PP&E | (313.3 k) | (216.8 k) | (191.8 k) | (1.1 m) | (710.3 k) | (856.3 k) | (975.4 k) | (2.1 m) | (3.7 m) |

## Cash From Investing Activities | (313.3 k) | (216.8 k) | 6 m | (1.1 m) | (710.3 k) | (6.9 m) | (1.2 m) | (2.2 m) | (81.9 m) |

## Cash From Financing Activities | (9.5 m) | 3.6 m | (5.1 m) | 1.8 m | 79.5 m | ||||

## Interest Paid | 69.4 k | 64.2 k | 38.9 k | 57.4 k | 79 k | 46.4 k | 120.6 k | 93.6 k | 872.6 k |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 185.5 k |

## Financial Leverage | 8.8 x |

Tucows's Subscribers was reported to be 175 k in Q1, 2017

February 06, 2017

New York City-based VC firm Union Square Ventures (USV) announced today that it has invested in Tucows, a 23-year-old company that has been publicly traded for over 15 years. It is currently trading on the Nasdaq at $48.30 per share. In a blog post authored by partner Brad Burnham, USV said it had m…