Tucows Posts 8% Revenue Growth to $390M, 45% EBITDA Surge Beats Guidance
Tucows reported fiscal 2025 revenue of $390.3M, up 8% year-over-year, with gross profit rising 13% to $94.0M driven by margin expansion in Domains and Wavelo and reduced Ting network expenses. Adjusted EBITDA reached $50.6M, a 45% increase that topped guidance by $3.6M.
1. Fiscal 2025 Financial Highlights
Tucows closed 2025 with consolidated net revenue of $390.3 million, an 8% increase over 2024, and gross profit of $93.95 million, up 13%. Adjusted EBITDA reached $50.6 million, a 45% year-over-year gain that exceeded guidance by $3.6 million, while full-year net loss narrowed to $75.8 million.
2. Q4 Operating Metrics
In the fourth quarter, net revenue grew 6% to $98.7 million and gross profit climbed 14% to $24.1 million. Adjusted EBITDA fell 14% to $11.1 million due to legacy mobile obligations, and net loss improved to $22.0 million ($1.98 per share) from $42.5 million a year earlier.
3. Segment Contributions and Strategic Focus
Domains and Wavelo services drove margin expansion, while Ting internet benefited from reduced network expenses. Tucows ended the quarter with $64.2 million in cash and is advancing its Ting strategic review alongside ongoing operational and capital efficiency initiatives.