olivLaw · US equity research
Tucows Inc. TCX
Services-Computer Processing & Data Preparation · SIC 7374 · Vertical: Services-Computer Processing & Data Preparation (SIC 7374)
Tucows is a global internet services company operating through three segments: Ting (fiber internet access), Wavelo (software for communications providers) and Tucows Domains (domain name registration). Net revenue for fiscal 2025 was 390.3 million USD, but the company is now reviewing strategic alternatives for Ting because of liquidity needs.
At the close of 04 Nov 2026, Tucows Inc. (TCX) stock was 12.55 USD (+3.55% on the day), with market capitalisation 140.3 m USD, beta 0.87, 52-week range 8.48–24.90 USD. Latest reported quarter (Q2 2026): revenue of 100.6 m USD (+2.1% YoY), net income of -20.5 m USD, diluted EPS -1.84 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 65.4
- strong (55–70)
- Bollinger (20, 2)
- 8.12 – 12.70
- in the upper half of the band · %B 0.97 · band width 44.0%
- SMA 50 / 200
- 10.25 / 14.04
- mixed trend
- MACD (12, 26, 9)
- 0.51 / 0.25
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +36.7% | −1.1% | +37.8 pp | — |
| 3 months | −11.1% | −0.5% | −10.7 pp | — |
| 6 months | −16.7% | +4.4% | −21.1 pp | — |
| Year to date | −44.0% | +12.3% | −56.3 pp | — |
| 1 year | −32.8% | +13.5% | −46.3 pp | −11.9% |
| 3 years | −35.5% | +76.4% | −111.9 pp | −6.2% |
| 5 years | −86.2% | +63.7% | −149.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 92.3 m | 93.1 m | 94.6 m | 98.5 m | 98.6 m | 98.7 m | 96.7 m | 100.6 m |
| Cost of revenue | 70.1 m | 71.4 m | 71.1 m | 76.4 m | 74.4 m | 74.5 m | 72.5 m | 74.8 m |
| Gross profit | 22.2 m | 21.7 m | 23.5 m | 22.1 m | 24.2 m | 24.1 m | 24.1 m | 25.8 m |
| Research & development | 4.6 m | 4.5 m | 4.4 m | 4.3 m | 4.7 m | 4.4 m | 4.4 m | 4.9 m |
| Operating income | -10.0 m | -29.9 m | -2.0 m | -2.9 m | -9.6 m | -9.0 m | -4.3 m | -5.5 m |
| Depreciation & amortisation | 955.0 k | 943.0 k | 924.0 k | 828.0 k | 785.0 k | 989.0 k | 1.2 m | 778.0 k |
| Interest expense | 13.8 m | 14.5 m | 14.1 m | 14.1 m | 14.4 m | 14.5 m | 14.2 m | 14.7 m |
| Pre-tax income | -19.2 m | -40.6 m | -13.0 m | -13.4 m | -20.6 m | -20.4 m | -15.7 m | -17.3 m |
| Income tax | 3.1 m | 1.9 m | 2.2 m | 2.3 m | 2.5 m | 1.6 m | 2.4 m | 3.1 m |
| Net income | -22.3 m | -42.5 m | -15.1 m | -15.6 m | -23.0 m | -22.0 m | -18.1 m | -20.5 m |
| Diluted EPS | -2.03 | -3.86 ≈ | -1.37 | -1.41 | -2.08 | -1.98 ≈ | -1.63 | -1.84 |
| Operating cash flow | -4.6 m | -4.8 m | -11.3 m | 6.6 m | 1.5 m | -2.6 m | 3.5 m | 1.9 m |
| Capex | 14.5 m | 11.7 m | 5.4 m | 3.5 m | 3.9 m | 4.4 m | 5.5 m | 5.1 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 346.0 m | 337.1 m | 311.2 m | 304.3 m | 321.1 m | 339.3 m | 362.3 m | 390.3 m |
| Revenue YoY | +5.0% | −2.6% | −7.7% | −2.2% | +5.5% | +5.7% | +6.8% | +7.7% |
| Net income | 17.1 m | 15.4 m | 5.8 m | 3.4 m | -27.6 m | -96.2 m | -109.9 m | -75.8 m |
| Net income YoY | −23.3% | −10.1% | −62.5% | −41.7% | −919.6% | unavailable | unavailable | unavailable |
| Diluted EPS | 1.59 | 1.43 | 0.54 | 0.31 | -2.56 | -8.85 | -10.02 | -6.85 |
| Diluted EPS YoY | −23.2% | −10.1% | −62.2% | −42.6% | −925.8% | unavailable | unavailable | unavailable |
| net % | 5.0% | 4.6% | 1.9% | 1.1% | -8.6% | -28.3% | -30.3% | -19.4% |
| Free cash flow | 9.3 m | -3.7 m | -8.4 m | -43.5 m | -116.8 m | -96.8 m | -76.2 m | -22.9 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 46.8 m USD
- Financial debt
- 190.4 m USD
- Net debt
- 143.6 m USD
- Equity
- -164.2 m USD
- Total assets
- 730.9 m USD
- Debt / equity
- unavailable
- Current ratio
- 0.61x
- ROE
- unavailable
- ROA
- -10.2%
- FCF margin
- -5.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 311.2 m | 304.3 m | 321.1 m | 339.3 m | 362.3 m | 390.3 m | SEC (XBRL)· 12 Mar 2026verified |
| Cost of revenue | 225.7 m | 226.0 m | 242.9 m | 272.7 m | 279.2 m | 296.3 m | SEC (XBRL)· 12 Mar 2026verified |
| Gross profit | 85.5 m | 78.3 m | 78.2 m | 66.7 m | 83.0 m | 94.0 m | SEC (XBRL)· 12 Mar 2026verified |
| Research & development | 12.4 m | 14.3 m | 14.2 m | 19.2 m | 18.6 m | 17.8 m | SEC (XBRL)· 12 Mar 2026verified |
| Operating income | 6.9 m | -7.8 m | -31.7 m | -63.7 m | -65.0 m | -23.5 m | SEC (XBRL)· 12 Mar 2026verified |
| Depreciation & amortisation | 488.0 k | 534.0 k | 598.0 k | 9.9 m | 4.3 m | 3.5 m | SEC (XBRL)· 12 Mar 2026verified |
| EBITDA | 7.4 m ≈ | -7.2 m ≈ | -31.1 m ≈ | -53.8 m ≈ | -60.7 m ≈ | -20.0 m ≈ | SEC (XBRL)· 12 Mar 2026derived |
| Interest expense | — | 4.6 m | 14.6 m | 46.3 m | 54.4 m | 57.2 m | SEC (XBRL)· 12 Mar 2026verified |
| Pre-tax income | 10.8 m | 7.3 m | -27.8 m | -103.1 m | -101.9 m | -67.3 m | SEC (XBRL)· 12 Mar 2026verified |
| Income tax | 5.0 m | 3.9 m | -217.0 k | -6.9 m | 8.0 m | 8.5 m | SEC (XBRL)· 12 Mar 2026verified |
| Net income | 5.8 m | 3.4 m | -27.6 m | -96.2 m | -109.9 m | -75.8 m | SEC (XBRL)· 12 Mar 2026verified |
| Diluted EPS | 0.54 | 0.31 | -2.56 | -8.85 | -10.02 | -6.85 | SEC (XBRL)· 12 Mar 2026verified |
| Weighted average diluted shares | 10.7 m | 10.8 m | 10.8 m | 10.9 m | 11.0 m | 11.1 m | SEC (XBRL)· 12 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 8.3 m | 9.1 m | 23.5 m | 92.7 m | 56.9 m | 46.8 m | SEC (XBRL)· 12 Mar 2026verified |
| Receivables | 15.5 m | 14.6 m | 18.4 m | 22.2 m | 20.9 m | 24.5 m | SEC (XBRL)· 12 Mar 2026verified |
| Inventories | 1.9 m | 3.3 m | 7.3 m | 6.8 m | 4.0 m | 3.9 m | SEC (XBRL)· 12 Mar 2026verified |
| Current assets | 141.2 m | 147.0 m | 169.9 m | 242.8 m | 205.4 m | 203.1 m | SEC (XBRL)· 12 Mar 2026verified |
| Property, plant & equipment, net | 117.5 m | 172.7 m | 281.5 m | 339.6 m | 331.0 m | 282.0 m | SEC (XBRL)· 12 Mar 2026verified |
| Goodwill | 116.3 m | 130.4 m | 130.4 m | 130.4 m | 130.4 m | 130.4 m | SEC (XBRL)· 12 Mar 2026verified |
| Intangibles (excl. goodwill) | 47.4 m | 50.4 m | 39.8 m | 29.5 m | 24.8 m | 19.7 m | SEC (XBRL)· 12 Mar 2026verified |
| Total assets | 451.9 m | 539.6 m | 664.7 m | 798.4 m | 758.8 m | 730.9 m | SEC (XBRL)· 12 Mar 2026verified |
| Accounts payable | 6.3 m | 10.0 m | 17.2 m | 12.7 m | 9.0 m | 9.9 m | SEC (XBRL)· 12 Mar 2026verified |
| Long-term debt | 122.4 m | 191.4 m | 239.7 m | 211.9 m | 195.4 m | 190.4 m | SEC (XBRL)· 12 Mar 2026verified |
| Current liabilities | 163.0 m | 173.7 m | 188.2 m | 201.3 m | 199.9 m | 330.4 m | SEC (XBRL)· 12 Mar 2026verified |
| Equity | 104.7 m † | 115.1 m † | 96.7 m † | 9.9 m † | -95.3 m † | -164.2 m † | SEC (XBRL)· 12 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 36.1 m | 29.6 m | 19.9 m | -4.8 m | -19.7 m | -5.8 m | SEC (XBRL)· 12 Mar 2026verified |
| Capex | 44.4 m | 73.2 m | 136.7 m | 92.1 m | 56.5 m | 17.1 m | SEC (XBRL)· 12 Mar 2026verified |
| Free cash flow | -8.4 m ≈ | -43.5 m ≈ | -116.8 m ≈ | -96.8 m ≈ | -76.2 m ≈ | -22.9 m ≈ | SEC (XBRL)· 12 Mar 2026derived |
| Investing cash flow | -53.3 m | -102.0 m | -137.5 m | -92.6 m | -56.5 m | 2.2 m | SEC (XBRL)· 12 Mar 2026verified |
| Financing cash flow | 5.1 m | 73.1 m | 132.0 m | 178.8 m | 44.5 m | -5.4 m | SEC (XBRL)· 12 Mar 2026verified |
| Share repurchases | 3.3 m | 0 | 0 | — | — | — | SEC (XBRL)· 15 Mar 2023verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 140.3 m USD
Key indicators
Coverage and freshness
Score by group
72% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 24.9% | 0 (on a fixed band) | 15% |
| EBIT margin · Quality | -7.2% | 46 (vs peers) | 12% |
| FCF margin · Quality | -3.7% | 0 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | 6.7% | 27 (on a fixed band) | 24% |
| Revenue growth (YoY) · Growth | 7.7% | 43 (vs peers) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.6x | 0 (on a fixed band) | 9% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -10.3% | 0 (on a fixed band) | 18% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial0/100 · 1/2 factors with a value
- Growth32/100 · 2/2 factors with a value
- Quality14/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partial0/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
TUCOWS INC /PA/ (TCX). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 390.3 m USD in 2025; YoY growth 7.7%; net margin -21.2%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Gross margin: 24.9%
- FCF margin: -3.7%
- Revenue CAGR 3Y: 6.7%
- Current ratio: 0.6x
- FCF yield: -10.3%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).
Versus the vertical median
Services-Computer Processing & Data Preparation (SIC 7374) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ADPAutomatic Data Processing, Inc. | 119.8 bn | 27.7 | 77.0% | 20.1% | +6.7% | +19% / +32% |
| WDAYWorkday, Inc. | 44.4 bn | 40.9 | 16.0% | 12.3% | +13.1% | −6% / −25% |
| VRSKVerisk Analytics, Inc. | 25.9 bn | 30.1 | — | 29.3% | +6.6% | −12% / −18% |
| ATHMAutohome Inc. | 10.4 bn | 53.5 | 6.3% | 443.2% | +11.1% | −5% / −18% |
| FIRYFiry Inc. | 4.3 bn | — | -63.0% | -60.2% | +12.5% | +107% / +94% |
| EVTCEVERTEC, Inc. | 2.1 bn | 22.9 | 14.4% | 9.0% | +10.2% | +20% / −6% |
| INFQInfleqtion, Inc. | 1.9 bn | — | -70.8% | — | unavailable | unavailable / unavailable |
| INODInnodata Inc | 1.5 bn | 32.8 | 37.7% | 14.7% | +47.6% | −25% / +541% |
| PLTKPlaytika Holding Corp. | 808.6 m | — | — | -9.9% | +8.1% | −48% / −76% |
| YEXTYext, Inc. | 775.0 m | 40.6 | 27.8% | 5.9% | +6.1% | −7% / +18% |
| IBEXIBEX Limited | 593.6 m | 14.3 | 30.4% | 7.2% | +15.4% | +27% / +152% |
| OOMAOoma, Inc. | 524.7 m | 49.8 | 11.7% | 3.6% | +6.5% | +69% / +64% |
| SOPHSOPHiA GENETICS SA | 477.3 m | — | -110.0% | -102.2% | +18.6% | +42% / +73% |
| GRVYGravity Co., Ltd. | 475.7 m | 0.0 | 16.5% | 17.0% | −31.0% | +19% / −6% |
| SOHUSohu.com Limited | 355.1 m | 1.0 | 35.8% | 67.4% | −2.4% | −12% / +70% |
| EGHT8x8, Inc. | 326.4 m | 55.5 | 3.5% | 0.6% | +2.9% | +16% / −27% |
| SYSo-Young International Inc. | 146.7 m | — | -14.6% | -15.9% | +8.4% | −29% / +86% |
| TCXTucows Inc | 140.3 m | — | — | -21.2% | +7.7% | −33% / −35% |
| DTCXDatacentrex, Inc. | 39.8 m | — | -36.2% | -165.4% | +939,640.5% | −75% / −81% |
| DGNXDiginex Limited | 38.7 m | — | — | -255.5% | +57.0% | −99% / unavailable |
| PHUNPhunware, Inc. | 36.6 m | — | -13.7% | -471.7% | −19.9% | −14% / −69% |
| DDIDoubleDown Interactive Co., Ltd. | 34.1 m | 0.3 | 11.4% | 28.5% | +5.5% | +48% / +72% |
| SJScienjoy Holding Corporation | 23.5 m | — | -66.6% | -47.3% | −4.9% | +28% / −68% |
| CHRCheer Holding, Inc. | 14.0 m | 0.1 | 7.6% | 17.2% | +1.1% | −77% / −100% |
| VSVersus Systems Inc. | 5.6 m | — | -14.6% | -78.4% | +3,711.3% | −40% / −69% |
1- and 3-year price returns: for TCX from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Tucows is a global internet services company operating through three segments: Ting (fiber internet access), Wavelo (software for communications providers) and Tucows Domains (domain name registration). Net revenue for fiscal 2025 was 390.3 million USD, but the company is now reviewing strategic alternatives for Ting because of liquidity needs.
SWOT
Strengths
- The company has well-recognized brands in domain registration, such as OpenSRS and Enom, and a large reseller network 1.
- The up-front payment model provides recurring revenue and positive operating cash flow 1.
- Results for 2025 beat the company's guidance, and margins in domains and Wavelo improved 3.
Weaknesses
Opportunities
Risks
- Ting liquidity and going concernhigh
Ting's cash resources could prove insufficient beyond a point in 2026, raising substantial doubt about its ability to continue as a going concern 1.
- Ting preferred units noticehigh
The holder of Ting's Series A Preferred Units has given notice of a return breach, and a redemption request could require a large payment within a short period 1.
- Dependence on one customermedium
A single customer accounted for a significant share of revenue, and losing it could seriously affect Wavelo 1.
- Registry fee increasesmedium
If registries raise fees for registrations, the costs of the domain segment could rise and affect margins 1.
- Currency exposurelow
Revenue is mainly in US dollars while a major part of operating expenses is paid in Canadian dollars, which could affect results 1.
Investment thesis
What would need to be true (bull case)
- If the improving margin trend in domains and Wavelo continues, profitability could grow in the coming periods 3.
- A favorable outcome of the strategic review for Ting could ease pressure on the company's capital structure 1.
- A large reseller network and recognized brands provide a stable base for recurring revenue 1.
What would break the thesis
- Ting could be forced to curtail operations or seek protection from creditors if the strategic process fails 1.
- The net loss stayed substantial in 2025, and restructuring costs and preferred return obligations could continue 3.
- The decline in domain names under management shows weakening in part of the domain segment 1.
What to watch
- Outcome of the Ting strategic review and any transaction2026
- Ting liquidity and any redemption request on the preferred unitsQ3 2026
- Revenue and margins in the Tucows Domains segmentQ4 2026
- Stability of the main customer relationship at Wavelonext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company's stated mission is to provide 'simple useful services that help people unlock the power of the Internet', reducing the complexity of customers' experience when accessing the Internet and related services. It is organized into three reportable segments, differentiated by services, markets and regulatory environments 1. Annual revenue rose to 390.3 million USD in 2025 from 362.3 million USD in 2024 3.
The company's technology and network operations support its platforms and fiber build-out, and it had about 759 full-time employees at December 31, 2025, mostly in Canada and the United States 1.
Segments
Ting
Ting provides high-speed fiber and fixed wireless internet in select towns across the United States, focusing on existing markets. It had 54,000 active accounts at December 31, 2025 1. Ting Internet revenue was 18.5 million USD in the fourth quarter of 2025 3.
Market context
The domain registration market is concentrated, and large companies have cost advantages. Registry fees, such as Verisign's charges for .com, could rise by up to 7% a year, which could affect the company's costs 1. The fiber internet market is more competitive, with large broadband providers as Ting's main competitors 1.
Growth depends on internet expansion beyond mature markets and on continued use of domain names. If these trends slow, demand for the company's services could be affected 1.
Trends
- Regulatory and pricing scrutiny in domainsheadwind
Regulators are increasingly examining consolidation in the domain market, which could limit growth through acquisitions or partnerships 1.
- Infrastructure and supply costsheadwind
Ting depends on leased fiber capacity and installation equipment, and rising costs or supply disruptions could affect its ability to scale 1.
- Artificial intelligence in domains and servicesmixed
AI-based tools could reduce demand for traditional domain registration, but they could also offer new efficiency tools for the company 1.
- Consolidation among telecom operatorsmixed
Consolidation in telecoms can increase the cost advantages of large competitors, but it could also open opportunities for Wavelo software if new customers are attracted 1.
Competitive position
In domain registration, competition comes from retail-oriented registrars such as GoDaddy, NameCheap and Network Solutions, as well as from email providers Google and Microsoft 1. In internet access, the main competitors are AT&T, Comcast, Verizon and Lumen Technologies 1.
For Wavelo, competition comes from traditional BSS/OSS software providers such as Amdocs, Netcracker, Ericsson, Optiva and Sonar Software 1. The company argues its modular architecture and customer service are advantages, but several competitors have greater financial resources 1.
- AT&TT
Large American broadband provider and a principal competitor of Ting in internet access 1.
- ComcastCMCSA
American cable internet provider competing directly with Ting services 1.
- GoDaddyGDDY
Domain registrar selling both to end users and to resellers, competing in both domain segments 1.
- AmdocsDOX
BSS/OSS software provider competing with Wavelo platforms 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report22 Oct 2026Material agreement · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report06 Aug 2026
- Current report30 Jul 2026Material agreement · Termination of a material agreement
- Current report04 Jun 2026Shareholder vote
- Quarterly report07 May 2026
- Proxy statement23 Apr 2026
- Annual report12 Mar 2026
- Current report12 Feb 2026Results of operations · Financial statements and exhibits
- Current report05 Dec 2025Item 2.04
- Quarterly report06 Nov 2025
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Tucows Inc. · 12 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Tucows Inc. · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Tucows Inc. · 12 Feb 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.