Tucows Inc.

Tucows Inc. reported FY 2025 net revenues of $390.3 million, an 8% increase from $362.3 million in FY 2024. The company recorded a net loss of $75.8 million, an improvement from a net loss of $109.9 million in the prior year. Gross profit was $94.0 million, representing a gross margin of 24.1%. The company generated negative operating cash flow of $5.8 million and ended the year with total assets of $730.9 million and total equity of negative $164.2 million. Revenue growth was driven by increases across the Tucows Domains, Ting, and Wavelo segments, partially offset by a decline in Mobile Services. The company's Ting segment initiated a strategic review process to address ongoing liquidity requirements.

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