Tucows Inc. (TSX:TC)

Tucows Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	38.08	56.9	92.69	23.5	9.11	8.31
Cash & Short-Term Investments	38.08	56.9	92.69	23.5	9.11	8.31
Cash Growth	-42.82%	-38.61%	294.48%	158.06%	9.55%	-59.25%
Accounts Receivable	24.12	20.88	23.62	23.56	15.36	15.54
Other Receivables	0.02	0.22	0.71	2.47	3.47	1.3
Receivables	24.14	21.1	24.33	26.03	18.83	16.84
Inventory	3.9	3.98	6.79	7.28	3.28	1.88
Prepaid Expenses	16.38	17.31	17.39	17.01	20.99	16.85
Restricted Cash	5.12	4.63	3.64	-	-	-
Other Current Assets	106.88	101.47	97.93	96.1	94.81	97.33
Total Current Assets	194.5	205.38	242.76	169.92	147	141.2
Property, Plant & Equipment	361.59	366.69	367.11	301.98	190.18	128.77
Long-Term Investments	2.01	2.01	2.01	2.01	2.01	-
Goodwill	130.41	130.41	130.41	130.41	130.41	116.3
Other Intangible Assets	23.55	24.76	29.48	39.79	50.41	47.44
Long-Term Accounts Receivable	-	-	-	2.33	-	-
Long-Term Deferred Tax Assets	-	-	-	-	0.02	0.23
Long-Term Deferred Charges	18.02	17.84	18	18.3	19.28	17.96
Other Long-Term Assets	11.82	11.71	8.65	-	0.28	-
Total Assets	741.91	758.8	798.43	664.75	539.6	451.9
Accounts Payable	11.34	9.01	12.68	17.17	10.02	6.33
Accrued Expenses	18.21	31.85	35.97	23.46	16.12	11.18
Current Portion of Long-Term Debt	-	-	-	-	-	0.1
Current Portion of Leases	5.05	5.15	5.4	4.64	3.15	1.76
Current Income Taxes Payable	0.8	0.26	1.24	2.25	0.1	0.86
Current Unearned Revenue	140.69	135.65	126.73	122.89	124.12	127.34
Other Current Liabilities	16.9	17.93	19.34	17.77	20.18	15.4
Total Current Liabilities	192.97	199.85	201.34	188.19	173.68	162.97
Long-Term Debt	602.9	604.23	544.64	329.36	190.75	121.85
Long-Term Leases	29.68	25.9	18.26	12.44	11.85	9.18
Long-Term Unearned Revenue	21.65	21.16	21.35	22.24	23.68	24.91
Long-Term Deferred Tax Liabilities	2.96	2.96	2.97	15.72	22.57	24.69
Other Long-Term Liabilities	-	-	-	0.14	1.97	3.61
Total Liabilities	850.17	854.1	788.55	568.09	424.5	347.21
Common Stock	37.03	36.58	34.37	31.87	28.52	20.8
Additional Paid-In Capital	20.36	19.24	14.07	8.11	2.76	1.46
Retained Earnings	-165.29	-150.16	-40.3	55.9	83.47	80.11
Comprehensive Income & Other	-0.36	-0.96	1.73	0.78	0.34	2.34
Total Common Equity	-108.26	-95.3	9.88	96.66	115.09	104.7
Shareholders' Equity	-108.26	-95.3	9.88	96.66	115.09	104.7
Total Liabilities & Equity	741.91	758.8	798.43	664.75	539.6	451.9
Total Debt	637.63	635.28	568.29	346.44	205.75	132.89
Net Cash (Debt)	-599.55	-578.37	-475.6	-322.95	-196.65	-124.58
Net Cash Per Share	-54.53	-52.73	-43.78	-29.99	-18.18	-11.65
Filing Date Shares Outstanding	11.06	11.03	10.93	10.83	10.76	10.62
Total Common Shares Outstanding	11.03	11.01	10.9	10.82	10.75	10.61
Working Capital	1.52	5.53	41.42	-18.27	-26.68	-21.77
Book Value Per Share	-9.81	-8.65	0.91	8.94	10.71	9.87
Tangible Book Value	-262.22	-250.47	-150.02	-73.54	-65.73	-59.05
Tangible Book Value Per Share	-23.76	-22.74	-13.76	-6.80	-6.12	-5.56
Land	-	1.11	1.11	1.11	1.12	1.63
Buildings	-	9.21	9.12	8.86	9.1	-
Machinery	-	125.32	114.33	90.67	64.48	44.15
Construction In Progress	-	25.81	75.52	62.59	29.41	36.72
Leasehold Improvements	-	0.74	0.73	0.62	0.55	0.48

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.