Tucows' consolidated net revenue for Q4 2025 increased 6.0% to $98.7M, while gross profit rose 14% to $24.1M. Net loss was $22M, and Adjusted EBITDA decreased to $11.1M.
Bullish
Tucows' consolidated net revenue for Q4 2025 increased 6.0% to $98.7M, driven by all three businesses. Gross profit expanded 14% to $24.1M, and net loss improved to $22M.
Bearish
Tucows' Adjusted EBITDA decreased 14% to $11.1M, driven by legacy mobile business obligations. Adjusted net loss increased, and cash was $64.2M compared to $73.2M.