Tucows Inc. reported its unaudited financial results for the fourth quarter and full year ended December 31, 2025. For the full year, revenue increased 8% to USD 339.5 million. Gross profit rose 13% to USD 114.6 million, supported by improved economics at Wavelo, ongoing margin expansion in the Domains segment, and reduced network expenses at Ting. Adjusted EBITDA for the year reached USD 50.6 million, up 45% and exceeding the company’s 2025 guidance by USD 3.6 million. The company reported an adjusted net loss for the full year of USD 66.18 million. Adjusted basic loss per common share for the year was USD 5.98. During the period, Tucows revised its presentation of segment gross profit to reflect amounts net of network expenses, aligning with management’s evaluation of operating performance. This revision did not impact overall gross profit, adjusted EBITDA, or revenue. The company highlighted operational and capital efficiency initiatives, as well as continued growth and margin improvement across all three business units.

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