Tucows (TCX) Revenue by Segment

Breaks down where sales are coming from across domains, network services, and other units, helping investors see which businesses drive growth and how revenue mix is changing over time.

Tucows’ Domains remains the steady, cash‑generating core, while Ting and Wavelo have emerged as the company’s growth engines—Ting’s rapid revenue build‑up and Wavelo’s volatile but rising top line materially shift the revenue mix. That matters because management is marketing Ting for sale: outcomes will alter fee flows into Wavelo and the company’s limited liquidity. With Wavelo facing margin pressure from annualized 2025 investments and potential fee reductions, the divestiture structure and debt‑paydown pace, not headline revenue growth, will determine near‑term cash flow and capital allocation.