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Partner Infrastructure Serviceable Address
Tally of addresses that partner networks can reach using Tucows’ platform or partnerships, reflecting the size of potential wholesale market and opportunity to monetize through third-party relationships.Tucows’ serviceable address base ramped sharply in 2025 after a steady build, signaling successful Wavelo onboarding and that mid‑2025 growth investments are scaling the platform. That scale expands the addressable market, but conversion to cash and margins is uncertain: management warns 2026 Wavelo margins will be pressured as those investments annualize and the ongoing Ting divestiture could reduce fee streams. In short, reach has grown materially, yet monetization and the Ting outcome will determine whether this drives durable free cash flow and balance‑sheet improvement.
Date | Partner Infrastructure Serviceable Address |
|---|---|
Jun 30, 2026 | 136.80K |
Mar 31, 2026 | 123.40K |
Dec 31, 2025 | 109.20K |
Sep 30, 2025 | 87.50K |
Jun 30, 2025 | 65.80K |
Mar 31, 2025 | 54.00K |
Dec 31, 2024 | 45.30K |
Sep 30, 2024 | 40.70K |
Jun 30, 2024 | 26.20K |
Mar 31, 2024 | 33.00K |