Tucows Inc.
Tucows Inc. provides domain name registration, email, and other internet related services in North America and Europe. It operates through three segments: Ting, Wavelo, and Tucows Domains. The Ting segment provides gigabit fiber and fixed wireless internet services. The Wavelo segment offers full-service platforms and professional services that support communication services providers, including … Read more
Tucows Inc. (TCX) - Net Assets
Latest net assets as of September 2025: $-144.06 Million USD
Based on the latest financial reports, Tucows Inc. (TCX) has net assets worth $-144.06 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($735.49 Million) and total liabilities ($879.55 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-144.06 Million |
| % of Total Assets | -19.59% |
| Annual Growth Rate | N/A |
| 5-Year Change | -191.02% |
| 10-Year Change | -461.95% |
| Growth Volatility | 266.36 |
Tucows Inc. - Net Assets Trend (1996–2024)
This chart illustrates how Tucows Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tucows Inc. (1996–2024)
The table below shows the annual net assets of Tucows Inc. from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-95.30 Million | -1065.06% |
| 2023-12-31 | $9.88 Million | -89.78% |
| 2022-12-31 | $96.66 Million | -16.02% |
| 2021-12-31 | $115.09 Million | +9.93% |
| 2020-12-31 | $104.70 Million | +11.15% |
| 2019-12-31 | $94.19 Million | +18.07% |
| 2018-12-31 | $79.78 Million | +32.49% |
| 2017-12-31 | $60.21 Million | +59.22% |
| 2016-12-31 | $37.82 Million | +43.63% |
| 2015-12-31 | $26.33 Million | -26.13% |
| 2014-12-31 | $35.64 Million | +32.41% |
| 2013-12-31 | $26.92 Million | +1.38% |
| 2012-12-31 | $26.55 Million | -12.72% |
| 2011-12-31 | $30.42 Million | +27.16% |
| 2010-12-31 | $23.92 Million | -23.07% |
| 2009-12-31 | $31.10 Million | +44.97% |
| 2008-12-31 | $21.45 Million | +10.85% |
| 2007-12-31 | $19.35 Million | +4.36% |
| 2006-12-31 | $18.54 Million | +41.63% |
| 2005-12-31 | $13.09 Million | +75.56% |
| 2004-12-31 | $7.46 Million | +761.01% |
| 2003-12-31 | $866.12K | +163.68% |
| 2002-12-31 | $-1.36 Million | +59.88% |
| 2001-12-31 | $-3.39 Million | -127.22% |
| 2000-12-31 | $12.45 Million | -45.62% |
| 1999-12-31 | $22.90 Million | +793.94% |
| 1998-12-31 | $-3.30 Million | -131.43% |
| 1997-12-31 | $10.50 Million | -62.09% |
| 1996-12-31 | $27.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tucows Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 12485800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $36.58 Million | % |
| Other Comprehensive Income | $-964.00K | % |
| Other Components | $19.24 Million | % |
| Total Equity | $-95.30 Million | 100.00% |
Tucows Inc. Competitors by Market Cap
The table below lists competitors of Tucows Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gossamer Bio Inc
NASDAQ:GOSS
|
$90.26 Million |
|
William Penn Bancorp Inc
NASDAQ:WMPN
|
$90.31 Million |
|
WonderFi Technologies Inc
OTCQB:WONDF
|
$90.31 Million |
|
ABRDN EUR.LOG.IN. LS-01
F:5JX
|
$90.31 Million |
|
FutureFuel Corp
NYSE:FF
|
$90.17 Million |
|
WILDBRAIN LTD VAR VTG
F:D6XV
|
$90.15 Million |
|
Han Shin Mach
KO:011700
|
$90.15 Million |
|
Cosmo Electronics Corp
TW:2466
|
$90.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tucows Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,875,000 to -95,300,000, a change of -105,175,000 (-1065.1%).
- Net loss of 109,860,000 reduced equity.
- Other comprehensive income decreased equity by 2,692,000.
- Other factors increased equity by 7,377,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-109.86 Million | -115.28% |
| Other Comprehensive Income | $-2.69 Million | -2.82% |
| Other Changes | $7.38 Million | +7.74% |
| Total Change | $- | -1065.06% |
Book Value vs Market Value Analysis
This analysis compares Tucows Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $13.25 | $15.68 | x |
| 1997-12-31 | $4.42 | $15.68 | x |
| 1998-12-31 | $-1.34 | $15.68 | x |
| 1999-12-31 | $21.34 | $15.68 | x |
| 2000-12-31 | $4.01 | $15.68 | x |
| 2001-12-31 | $-0.24 | $15.68 | x |
| 2002-12-31 | $-0.08 | $15.68 | x |
| 2003-12-31 | $0.05 | $15.68 | x |
| 2004-12-31 | $0.44 | $15.68 | x |
| 2005-12-31 | $0.72 | $15.68 | x |
| 2006-12-31 | $0.97 | $15.68 | x |
| 2007-12-31 | $1.00 | $15.68 | x |
| 2008-12-31 | $1.15 | $15.68 | x |
| 2009-12-31 | $1.77 | $15.68 | x |
| 2010-12-31 | $1.60 | $15.68 | x |
| 2011-12-31 | $2.18 | $15.68 | x |
| 2012-12-31 | $2.16 | $15.68 | x |
| 2013-12-31 | $2.39 | $15.68 | x |
| 2014-12-31 | $3.04 | $15.68 | x |
| 2015-12-31 | $2.32 | $15.68 | x |
| 2016-12-31 | $3.53 | $15.68 | x |
| 2017-12-31 | $5.58 | $15.68 | x |
| 2018-12-31 | $7.39 | $15.68 | x |
| 2019-12-31 | $8.74 | $15.68 | x |
| 2020-12-31 | $9.79 | $15.68 | x |
| 2021-12-31 | $10.64 | $15.68 | x |
| 2022-12-31 | $8.98 | $15.68 | x |
| 2023-12-31 | $0.91 | $15.68 | x |
| 2024-12-31 | $-8.69 | $15.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tucows Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -30.33%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-19.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -49.82% | -985.71% | 0.05x | 1.09x | $-16.57 Million |
| 1997 | -165.71% | -255.88% | 0.36x | 1.79x | $-18.45 Million |
| 1998 | 0.00% | -116.78% | 1.46x | 0.00x | $-17.07 Million |
| 1999 | 107.86% | 106.47% | 0.77x | 1.31x | $22.41 Million |
| 2000 | -115.00% | -128.31% | 0.71x | 1.27x | $-15.57 Million |
| 2001 | 0.00% | -42.46% | 1.23x | 0.00x | $-13.07 Million |
| 2002 | 0.00% | 5.04% | 1.28x | 0.00x | $2.00 Million |
| 2003 | 238.24% | 5.55% | 1.05x | 40.80x | $1.98 Million |
| 2004 | 73.76% | 12.30% | 0.95x | 6.34x | $4.75 Million |
| 2005 | 21.18% | 5.71% | 0.85x | 4.36x | $1.46 Million |
| 2006 | 11.65% | 3.32% | 0.77x | 4.57x | $306.18K |
| 2007 | 13.83% | 3.58% | 0.75x | 5.17x | $740.43K |
| 2008 | 9.67% | 2.64% | 0.81x | 4.50x | $-70.26K |
| 2009 | 39.37% | 15.12% | 0.78x | 3.35x | $9.13 Million |
| 2010 | 8.85% | 2.50% | 0.83x | 4.24x | $-275.18K |
| 2011 | 20.28% | 6.36% | 0.84x | 3.80x | $3.13 Million |
| 2012 | 16.66% | 3.86% | 0.97x | 4.47x | $1.77 Million |
| 2013 | 15.53% | 3.22% | 1.07x | 4.51x | $1.49 Million |
| 2014 | 17.88% | 4.32% | 1.17x | 3.53x | $2.81 Million |
| 2015 | 43.20% | 6.58% | 1.34x | 4.90x | $8.74 Million |
| 2016 | 42.49% | 8.46% | 1.23x | 4.08x | $12.29 Million |
| 2017 | 37.08% | 6.78% | 0.94x | 5.82x | $16.31 Million |
| 2018 | 21.48% | 4.95% | 1.02x | 4.26x | $9.16 Million |
| 2019 | 16.35% | 4.57% | 0.79x | 4.52x | $5.98 Million |
| 2020 | 5.52% | 1.86% | 0.69x | 4.32x | $-4.69 Million |
| 2021 | 2.92% | 1.11% | 0.56x | 4.69x | $-8.15 Million |
| 2022 | -28.52% | -8.59% | 0.48x | 6.88x | $-37.24 Million |
| 2023 | -974.15% | -28.35% | 0.43x | 80.85x | $-97.18 Million |
| 2024 | 0.00% | -30.33% | 0.48x | 0.00x | $-100.33 Million |
Industry Comparison
This section compares Tucows Inc.'s net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $57,400,889
- Average return on equity (ROE) among peers: -399.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tucows Inc. (TCX) | $-144.06 Million | -49.82% | N/A | $90.19 Million |
| Automatic Bank Services Limited (ABANF) | $131.86 Million | 11.02% | 0.13x | $269.02 Million |
| ACI Worldwide Inc (ACIW) | $1.20 Million | -2791.67% | 47.83x | $3.94 Billion |
| Adyen N.V (ADYYF) | $245.83 Million | 13.67% | 2.34x | $34.24 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $228.44 Million | -65.37% | 0.13x | $390.34 Million |
| Aeva Technologies, Inc. Warrants (AEVAW) | $99.35 Million | -153.25% | 0.48x | $3.74 Million |
| Affluence Corporation (AFFU) | $-3.56 Million | 0.00% | 0.00x | $3.98K |
| Axe Compute Inc. (AGPU) | $2.64 Million | -979.47% | 3.94x | $2.57 Million |
| C3 Ai Inc (AI) | $-165.43 Million | 0.00% | 0.00x | $1.13 Billion |
| iLearningEngines, Inc. (AILE) | $22.26 Million | -19.80% | 1.11x | $17.39 Million |
| PowerFleet, Inc. (AIOT) | $11.41 Million | -12.13% | 0.13x | $364.77 Million |