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Note 14 - Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2025
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Ting |  |  | Wavelo |  |  | Tucows Domains |  |  | Consolidated Totals |
For the Three Months Ended September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 16,976 |  |  | $ | 11,408 |  |  | $ | 67,837 |  |  | $ | 96,221 |
Intersegment revenues (1) |  |  | - |  |  | 448 |  |  |  | - |  |  | 448 |
Total net revenues |  |  | 16,976 |  |  | 11,856 |  |  |  | 67,837 |  |  | 96,669 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues (2) |  | 5,613 |  |  | 88 |  |  | 46,623 |  |  | 52,324 |
Network, other costs (2) |  | 2,297 |  |  | 2,258 |  |  | 1,819 |  |  | 6,374 |
Sales and marketing |  | 5,030 |  |  | 2,475 |  |  | 3,869 |  |  | 11,374 |
Technical operations and development |  | 510 |  |  | 2,181 |  |  | 1,893 |  |  | 4,584 |
General and administrative |  | 4,510 |  |  | 1,177 |  |  | 1,289 |  |  | 6,976 |
Other segment items (3) |  | (102 | ) |  | (608 | ) |  | 247 |  |  | (463 | )
Segment Adjusted EBITDA |  | $ | (882 | ) |  | $ | 4,285 |  |  | $ | 12,097 |  |  | $ | 15,500 |
|  | Ting |  |  | Wavelo |  |  | Tucows Domains |  |  | Consolidated Totals |
For the Three Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 15,310 |  |  | $ | 10,010 |  |  | $ | 64,715 |  |  | $ | 90,035 |
Intersegment revenues (1) |  |  | - |  |  |  | 72 |  |  |  | - |  |  |  | 72 |
Total net revenues |  |  | 15,310 |  |  |  | 10,082 |  |  |  | 64,715 |  |  |  | 90,107 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues (2) |  |  | 2,639 |  |  |  | 63 |  |  |  | 44,905 |  |  |  | 47,607 |
Network, other costs (2) |  |  | 4,053 |  |  |  | 2,690 |  |  |  | 1,710 |  |  |  | 8,453 |
Sales and marketing |  |  | 8,590 |  |  |  | 2,278 |  |  |  | 3,488 |  |  |  | 14,356 |
Technical operations and development |  |  | 922 |  |  |  | 1,675 |  |  |  | 1,718 |  |  |  | 4,315 |
General and administrative |  |  | 4,401 |  |  |  | 963 |  |  |  | 1,540 |  |  |  | 6,904 |
Other segment items (3) |  |  | (225 | ) |  |  | (1,016 | ) |  |  | (175 | ) |  |  | (1,416 | )
Segment Adjusted EBITDA |  | $ | (5,070 | ) |  | $ | 3,429 |  |  | $ | 11,529 |  |  | $ | 9,888 |
|  | Ting |  |  | Wavelo |  |  | Tucows Domains |  |  | Consolidated Totals |
For the Nine Months Ended September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 49,701 |  |  | $ | 34,588 |  |  | $ | 200,696 |  |  | $ | 284,985 |
Intersegment revenues (1) |  |  | - |  |  |  | 1,320 |  |  |  | - |  |  |  | 1,320 |
Total net revenues |  |  | 49,701 |  |  |  | 35,908 |  |  |  | 200,696 |  |  |  | 286,305 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues (2) |  |  | 17,972 |  |  |  | 320 |  |  |  | 137,707 |  |  |  | 155,999 |
Network, other costs (2) |  |  | 6,946 |  |  |  | 6,890 |  |  |  | 5,478 |  |  |  | 19,314 |
Sales and marketing |  |  | 14,424 |  |  |  | 7,612 |  |  |  | 11,261 |  |  |  | 33,297 |
Technical operations and development |  |  | 1,483 |  |  |  | 5,706 |  |  |  | 5,954 |  |  |  | 13,143 |
General and administrative |  |  | 14,460 |  |  |  | 3,107 |  |  |  | 4,296 |  |  |  | 21,863 |
Other segment items (3) |  |  | (197 | ) |  |  | (1,821 | ) |  |  | (180 | ) |  |  | (2,198 | )
Segment Adjusted EBITDA |  | $ | (5,387 | ) |  | $ | 14,094 |  |  | $ | 36,180 |  |  | $ | 44,887 |
|  | Ting |  |  | Wavelo |  |  | Tucows Domains |  |  | Consolidated Totals |
For the Nine Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 43,983 |  |  | $ | 29,755 |  |  | $ | 188,965 |  |  | $ | 262,703 |
Intersegment revenues (1) |  |  | - |  |  |  | 218 |  |  |  | - |  |  |  | 218 |
Total net revenues |  |  | 43,983 |  |  |  | 29,973 |  |  |  | 188,965 |  |  |  | 262,921 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues (2) |  |  | 8,905 |  |  |  | 753 |  |  |  | 131,750 |  |  |  | 141,408 |
Network, other costs (2) |  |  | 12,677 |  |  |  | 7,719 |  |  |  | 5,311 |  |  |  | 25,707 |
Sales and marketing |  |  | 30,442 |  |  |  | 5,830 |  |  |  | 10,228 |  |  |  | 46,500 |
Technical operations and development |  |  | 2,594 |  |  |  | 4,967 |  |  |  | 5,313 |  |  |  | 12,874 |
General and administrative |  |  | 13,563 |  |  |  | 2,754 |  |  |  | 4,423 |  |  |  | 20,740 |
Other segment items (3) |  |  | (3,149 | ) |  |  | (2,177 | ) |  |  | (817 | ) |  |  | (6,143 | )
Segment Adjusted EBITDA |  | $ | (21,049 | ) |  | $ | 10,127 |  |  | $ | 32,757 |  |  | $ | 21,835 |
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block] |
Reconciliation of Segment Adjusted EBITDA to Net loss before tax |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(In Thousands of U.S. Dollars) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Segment Adjusted EBITDA |  | $ | 15,500 |  |  | $ | 9,888 |  |  | $ | 44,887 |  |  | $ | 21,835 |
Reconciling items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate and other (1) |  |  | (2,231 | ) |  |  | (1,200 | ) |  |  | (5,370 | ) |  |  | 233 |
Depreciation of property and equipment |  |  | (10,405 | ) |  |  | (9,526 | ) |  |  | (31,404 | ) |  |  | (29,686 | )
Impairment and loss (gain) on disposition of property and equipment |  |  | (6,920 | ) |  |  | (852 | ) |  |  | (5,771 | ) |  |  | (905 | )
Amortization of intangible assets |  |  | (1,072 | ) |  |  | (1,209 | ) |  |  | (3,393 | ) |  |  | (4,089 | )
Interest expense, net |  |  | (13,901 | ) |  |  | (13,095 | ) |  |  | (41,135 | ) |  |  | (37,527 | )
Stock-based compensation |  |  | (1,387 | ) |  |  | (1,808 | ) |  |  | (4,278 | ) |  |  | (5,383 | )
Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities |  |  | 164 |  |  |  | 197 |  |  |  | 601 |  |  |  | (357 | )
Acquisition and other costs (2) |  |  | (311 | ) |  |  | (1,618 | ) |  |  | (1,039 | ) |  |  | (5,438 | )
Net loss before tax |  | $ | (20,563 | ) |  | $ | (19,223 | ) |  | $ | (46,902 | ) |  | $ | (61,317 | )
Schedule of Property Plant and Equipment by Geographic Region [Table Text Block] |
|  | September 30, 2025 |  |  | December 31, 2024 |
Canada |  | $ | 804 |  |  | $ | 897 |
United States |  |  | 287,152 |  |  |  | 330,148 |
Europe |  |  | 4 |  |  |  | 4 |
|  | $ | 287,960 |  |  | $ | 331,049 |
Schedule of Acquired Intangible Assets by Major Class [Table Text Block] |
|  | September 30, 2025 |  |  | December 31, 2024 |
Canada |  | $ | 833 |  |  | $ | 1,258 |
United States |  |  | 7,882 |  |  |  | 11,225 |
|  | $ | 8,715 |  |  | $ | 12,483 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
Expected credit losses |  | Balance at beginning of period |  |  | Increase in ECL provision |  |  | Write-offs during period |  |  | Balance at end of the period |
Nine months ended September 30, 2025 |  | $ | 923 |  |  | $ | 161 |  |  | $ | (39 | ) |  |  | 1,045 |
Twelve months ended December 31, 2024 |  | $ | 511 |  |  | $ | 412 |  |  | $ | - |  |  |  | 923 |

X
- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite and indefinite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References No definition available. + Details
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