Tucows announces $40M share repurchase program
Tucows Stock Buyback Program: Tucows' Board of Directors has approved a new stock buyback program to repurchase up to $40M of its common stock, starting February 14, 2025, and ending by February 13, 2026.
Termination of Previous Program: The previously announced $40M buyback program that began on February 23, 2024, has been terminated.
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- Earnings Release Schedule: Tucows Inc. will report its Q4 2025 financial results on February 12, 2026, at 5:05 p.m. ET, reflecting the company's commitment to transparency and shareholder communication.
- Management Commentary: Concurrently with the earnings release, management will provide a pre-recorded audio commentary and outlook, enhancing investor understanding and confidence in the company's future direction.
- Investor Interaction: For one week following the earnings release, shareholders and analysts can submit questions to management, demonstrating the company's focus on investor feedback and aiming to increase shareholder engagement.
- Information Access Channels: Responses to all submitted questions will be posted on February 25, 2026, at approximately 5 p.m. ET, ensuring that all investors have access to relevant information and promoting transparency in communication.
- Earnings Release Schedule: Tucows Inc. will report its financial results for Q4 2025 on February 12, 2026, at 5:05 p.m. ET, ensuring timely access to critical information for investors through a news release.
- Management Audio Commentary: Concurrent with the earnings release, management will provide a pre-recorded audio commentary and transcript discussing the quarter's performance and the company's outlook, enhancing transparency and aiding investor understanding of strategic direction.
- Investor Interaction Opportunity: For one week following the earnings release, shareholders, analysts, and prospective investors can submit questions to management, who will respond with an audio recording and transcript on February 25, 2026, ensuring all inquiries are addressed.
- Company Background Information: Tucows focuses on connecting more people through communications service technology, domain services, and fiber-optic internet infrastructure, with brands like Ting and Wavelo providing exceptional internet access and management solutions, showcasing the company's strong position in the internet services sector.
Caterpillar Inc. (CAT): Caterpillar's shares have outperformed the industry, with a significant backlog supporting growth despite earnings declines due to tariffs. The company anticipates a $1.6-$1.75 billion impact from tariffs in 2025 but expects growth from increased construction activities and commodity demand.
Shopify Inc. (SHOP): Shopify's stock has risen significantly, driven by an expanding merchant base and new AI-driven tools. However, the company faces challenges with gross margin pressure and higher operating expenses, which may impact profitability in the near term.
Qualcomm Inc. (QCOM): Qualcomm's shares have seen moderate growth, bolstered by advancements in AI capabilities and a strong automotive business. Nonetheless, competition in the mobile chipset market and trade tensions may hinder future profit potential.
Micro-cap Stocks: Waterstone Financial and Tucows have shown strong performance relative to their industries, with Waterstone benefiting from improved net interest margins and Tucows leveraging high-margin services. Both companies face challenges, including rising loan stress for Waterstone and operational risks for Tucows.
Stock Performance: Tucows Inc. (TCX) shares rose 15.1% following their Q3 2025 results, significantly outperforming the S&P 500, which declined by 5.4% during the same period.
Financial Highlights: The company reported a 6.8% increase in consolidated net revenues to $98.6 million and a 9% rise in gross profit to $24.2 million, with adjusted EBITDA jumping 53% year-over-year to $13.3 million.
Operational Insights: Tucows’ Domains and Wavelo Services were key revenue drivers, with Domains revenues increasing by 5% and Wavelo Services growing nearly 18%, while Ting Internet Services also saw an 11% revenue increase.
Leadership Transition and Strategic Review: David Woroch was appointed as the new CEO, succeeding Elliot Noss, and the company is exploring options for Ting Internet Services, including a potential sale, to focus on its capital-light business models.
Leadership Transition: Tucows Inc. has appointed David Woroch as the new President and CEO, succeeding Elliot Noss, who served for 25 years and will remain on the Board of Directors and as a consultant for Ting Internet.
Elliot Noss's Legacy: Noss transformed Tucows from a software download platform into a diversified technology company, advocating for an open internet and significantly impacting the company's culture and growth.
David Woroch's Experience: Woroch, a 25-year veteran of Tucows, has led Tucows Domains to become the world's largest wholesale domain registrar and is recognized for his strategic and executional skills in the technology sector.
Strategic Focus: Tucows is exploring strategic options for its Ting Internet business while maintaining leadership continuity, with Woroch continuing as CEO of Tucows Domains and Ivan Ivanov taking on the role of CEO for Ting Internet.

Financial Performance: Tucows Inc. reported a 6.8% increase in consolidated net revenue for Q3 2025, reaching $98.6 million, with a 53% rise in Adjusted EBITDA to $13.3 million, driven by growth across all business segments.
Net Loss: The company experienced a net loss of $23.0 million in Q3 2025, slightly higher than the $22.3 million loss in the same quarter of 2024, although the adjusted net loss improved by 20% year-over-year.
Cash Position: Tucows ended Q3 2025 with cash and cash equivalents totaling $70.8 million, an increase from $68.6 million in the previous quarter but a decrease from $91.1 million a year earlier.
Management Outlook: CFO Ivan Ivanov highlighted the company's operational improvements and ongoing initiatives aimed at enhancing shareholder value, indicating a positive trajectory for future performance.










