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Tucows Q2 2026: Ting-Led Revenue Growth Amid Mixed Profit Picture

Aug 6, 2026, 5:07 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Ting-driven revenue growth and improving gross margins provide near-term upside potential, especially if operating cash flow strengthens and the legacy/mobile drag improves. However, persistent net losses and ongoing investments (Wavelo) temper enthusiasm; catalysts include continued Ting growth and potential efficiency gains.

AI summary

What happened, with direct paths to the underlying reporting

Tucows reported Q2 2026 results with revenue of $100.6M, up 2.1% YoY, led by Ting. Gross profit rose 16.6% to $25.8M and Adjusted EBITDA improved 5.4% sequentially to $12.3M, though net loss widened to $20.5M due to legacy mobile obligations and Wavelo investments. Cash and cash equivalents stood at $60.2M.

Revenue $100.6M in Q2 2026; +2.1% YoY, Ting-led.
Gross profit up 16.6% YoY to $25.8M; sequential +7%.
Net loss widened to $20.5M.
Adjusted EBITDA rose sequentially to $12.3M.
Cash: $60.2M, down from $68.6M a year ago.

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