TUCOWS INC /PA/ (TCX) Financial Ratio Screen

NASDAQ Technology Canada USD 179M
RATIOS FAIL*
Automated financial screen · activity assessed separately
TUCOWS INC /PA/ (TCX) is potentially non-compliant in the automated ratio model. The company's debt ratio of 74.5% exceeds the 30% MSCI new-inclusion threshold relative to total assets. TUCOWS INC /PA/ operates in the Technology sector.

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MSCI new-inclusion financial-ratio snapshot

TCX financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
74.5%
Fail vs 30%
Cash ratio
6.4%
Pass vs 30%
Receivables + cash
9.8%
Pass vs 30%
Impermissible income
0.5%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2025Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Software - Infrastructure) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Tucows Inc. provides domain name registration, email, and other internet related services in North America and Europe. It operates through three segments: Ting, Wavelo, and Tucows Domains. The Ting segment provides gigabit fiber and fixed wireless internet services to consumer and business customers. The Wavelo segment offers full-service platforms and professional services that support communication services providers, including subscription and billing management, network orchestration and provisioning, and individual developer tools, as well as billing solutions to internet services providers under the Platypus brand. The Tucows Domains segment provides wholesale and retail domain name registration services under the OpenSRS, eNom, Ascio, EPAG, and Hover brands, as well as value added services, such as hosted email, internet security services, WHOIS privacy, and other value-added services. The company offers its services primarily through an internet-based distribution network of internet service providers, web hosting companies, and other providers of internet services to end-users. Tucows Inc. was founded in 1992 and is headquartered in Toronto, Canada.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 74.5%
/ 30%
6.4%
/ 30%
9.8%
/ 30%
0.49%
/ 5%
RATIOS FAIL*
FTSE 74.5%
/ 33%
6.4%
/ 33%
9.8%
/ 50%
0.49%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
$-6.85
P/B Ratio
-1.1
EV/EBITDA
29.3
EV: $814M
Revenue
$390M
Growth: 6.0%
Beta
1.0
Average volatility
Current Ratio
0.6

Profitability

Gross Margin 35.2%
Operating Margin -8.4%
Net Margin -19.4%
Return on Assets (ROA) -1.5%

Cash Flow & Balance Sheet

Operating Cash Flow-$6M
Free Cash Flow-$23M
Total Debt$545M
Current Ratio0.6
Total Assets$731M

Price & Trading

Last Close$16.33
50-Day MA$19.15
200-Day MA$19.82
Avg Volume27K
Beta1.0
52-Week Range
$13.27
$25.17

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About TUCOWS INC /PA/ (TCX)

CEO
Mr. David Woroch
Employees
759
Sector
Technology
Industry
Software - Infrastructure
Country
Canada
Exchange
NASDAQ
Market Cap (listing currency)
USD 179M
Currency
USD

Tucows Inc. provides domain name registration, email, and other internet related services in North America and Europe. It operates through three segments: Ting, Wavelo, and Tucows Domains. The Ting segment provides gigabit fiber and fixed wireless internet services to consumer and business customers. The Wavelo segment offers full-service platforms and professional services that support communication services providers, including subscription and billing management, network orchestration and provisioning, and individual developer tools, as well as billing solutions to internet services providers under the Platypus brand. The Tucows Domains segment provides wholesale and retail domain name registration services under the OpenSRS, eNom, Ascio, EPAG, and Hover brands, as well as value added services, such as hosted email, internet security services, WHOIS privacy, and other value-added services. The company offers its services primarily through an internet-based distribution network of internet service providers, web hosting companies, and other providers of internet services to end-users. Tucows Inc. was founded in 1992 and is headquartered in Toronto, Canada.

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Frequently Asked Questions

Is TUCOWS INC /PA/ (TCX) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is TUCOWS INC /PA/'s debt ratio?

TUCOWS INC /PA/'s debt ratio is 74.5% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are TUCOWS INC /PA/'s key financial metrics?

TUCOWS INC /PA/ has a market capitalization of USD 179M in its listing currency, and revenue of $390M. The company maintains a gross margin of 35.2% and a net margin of -19.4%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.