Tucows Inc. reported unaudited financial results for the third quarter ended September 30, 2025. Consolidated net revenue increased 6.8% to $98.6 million from $92.3 million in the third quarter of 2024, with revenue gains across all three business segments. Gross profit rose 9% to $24.2 million from $22.2 million in the same period last year, driven by margin improvements in Wavelo and Tucows Domains. The company reported a net loss of $23.0 million ($2.08 per share), compared to a net loss of $22.3 million ($2.03 per share) in Q3 2024. Adjusted net loss was $15.8 million (adjusted EPS of $(1.42)), versus $19.8 million (adjusted EPS of $(1.81)) in the prior year. Adjusted EBITDA grew 53% to $13.3 million from $8.7 million. The company noted broad-based topline growth, continued margin expansion from Domains, and improved capital efficiency at Ting.