Does TCX pay a dividend and is it safe?

Tucows Inc. (Class A) (TCX) offers a 0% cash dividend yield ($0.00 annualized) and 0.6% total shareholder yield including buybacks. Roarable rates its payout coverage as REINVESTING IN GROWTH + BUYBACKS.

Stock Ratings / Technology / TCX / dividends

QMLS (42) TRAK (54) CTW (40) SSTK (50) ⌘ Pro Terminal →

Tucows Inc. (Class A) (TCX) Dividend Safety Gauge & 10-Year DRIP Compounder

$10.99 +5.37% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $11.08

Tucows Inc. (Class A) (TCX) carries a Roarable Rating of E (Strong Sell) with 33/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $122.9M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on TCX Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is TCX stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Tucows Inc. (Class A) (NASDAQ: TCX) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 33/100 at a spot price of $10.99 (+5.37% 1D, market cap $122.9M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 9/20, SEC Balance-Sheet Forensics 8/20, FRED Macro Regime Fit 4/20, and Executive Insider Alignment 3/20. Across 715 tracked Technology issuers, TCX ranks #548 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does TCX compare to QMLS and TRAK in the Technology sector?

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Within the Technology sector (EDP Services), TCX carries a Roarable E (33/100 RQD), trailing P/E of N/A, gross margin of 24.1%, and ROIC of -35.0%. By comparison, QMLS (QumulusAI Inc.) holds a D- grade (42/100 RQD, P/E N/A, ROIC —, cap $116.9M) and TRAK (ReposiTrak Inc.) posts a D+ grade (54/100 RQD, P/E 20.0x, ROIC 9.9%, cap $131.0M). Among the 5-stock peer group, SSTK leads on earnings multiple (3.5x) while SSTK leads on capital efficiency (11.4% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for TCX?

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Per TCX's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000909494), Tucows Inc. (Class A) generated $390.3M in revenue (+7.7% YoY), -$75.8M in net income, and -$22.9M in free cash flow against $730.9M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $11.08 (+0.78%)🧬 Dilution Drag (+2.48% YoY Shares)⚙️ Cash Engine: 9/20 (D) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (33/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-8.9% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk E

Each axis scored 0–20

12M PRICE TARGET CONE-11.3% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for TCX)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (33/100 Composite)

🔍 WHY TCX SCORES 33/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Cash Engine Quality+9/20 pts (27% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 24.1% Gross Margin

▲ #2 Bullish Driver: Whale & Options Positioning+9/20 pts (27% of score)

20D Institutional Volume Accumulation (±12.5% realized swing band)

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$8.48+10.4% Next Q

Q2 (-2Q)

Grade E$9.36+14% Next Q

Q3 (-1Q)

Grade E$10.67+3% Next Q

Current

Grade E$10.99-8.9% Hist 90D α

Trajectory: E (25) → E (33)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a TCX Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While TCX currently carries a cautious 33/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Technology with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($10.10) and Max Pain ($11.54) forces dealer call-delta covering toward $26.43.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $TCX• $4.8M Crowd Pool • Kalshi / Polymarket Composite

Contract: “TCX Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”

YES 33%NO 67%Trade / Inspect Odds →

CASH DIVIDEND + BUYBACK YIELD

0.6% Total Yield

0% Cash ($0.00/yr) + 0.6% Buybacks

PAYOUT SAFETY SPEEDOMETER

74/100 • REINVESTING IN GROWTH + BUYBACKS

FREE CASH FLOW PAYOUT RATIO

0% (100% Reinvested)

Retains cash flow for R&D and share repurchases

INTERACTIVE DRIP & SHAREHOLDER-YIELD COMPOUNDER (5.5% EST. ANNUAL)

$10,000 Compounded Over 10 Years → $17,081

Est. Year-10 Shareholder Yield: $102/yr

Starting Investment: $10,000

Compounding Horizon: 10 Years

$10.6K

Yr 1

$11.1K

Yr 2

$11.7K

Yr 3

$12.4K

Yr 4

$13.1K

Yr 5

$13.8K

Yr 6

$14.5K

Yr 7

$15.3K

Yr 8

$16.2K

Yr 9

$17.1K

Yr 10

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring TCX)

✓Walkthrough of TCX's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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Join Founding VIP Waitlist (No Card Required) →$100K Arena

TCX // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -27.36%📐 HORIZONTAL RANGE

2026-11-03O $10.43H $10.99L $10.43C $10.99VOL 63.1K

RES: $12.49SUP: $8.30SMA50: $10.10SMA200: $14.16

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

TCX Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 TCX Butterfly Map → + Track TCX →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

8.0%/yr Implied 5Y Growth

vs. +7.7% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on TCX today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for TCX. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for TCX today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (TCX)

Technology Rank #548 of 715 ⚔️ QMLS vs TCX Full Matrix →

1. Head-to-Head Technology Peer Comparison (TCX vs. QMLS, TRAK, CTW, SSTK)

Industry: EDP Services (163 Tracked Issuers)

Across 715 tracked Technology securities in the Roarable RQD universe, Tucows Inc. (Class A) (TCX) ranks #548 by composite RQD confidence (33/100, grade E) and #510 by equity capitalization ($122.9M). Within this direct 5-issuer industry benchmark cohort, SSTK leads on earnings valuation at 3.5x trailing P/E, while SSTK leads on capital efficiency and profitability with 11.4% ROIC and 58.9% gross margin. TRAK currently holds the highest overall quantitative score in the immediate peer group at 54/100 (D+) compared with TCX at 33/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
TCX ACTIVE Tucows Inc. (Class A)	E	33/100	—	24.1%	-35.0%	+5.37%	$122.9M	Benchmark Subject
QMLS QumulusAI Inc.	D-	42/100	—	—	—	-8.03%	$116.9M	/qmls-vs-tcx →
TRAK ReposiTrak Inc.	D+	54/100	20.0x	—	9.9%	-1.26%	$131.0M	/trak-vs-tcx →
CTW CTW (Class A)	D-	40/100	28.9x	75.6%	—	+2.26%	$113.2M	/ctw-vs-tcx →
SSTK Shutterstock Inc.	D	50/100	3.5x	58.9%	11.4%	-4.61%	$153.0M	/sstk-vs-tcx →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000909494 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Tucows Inc. (Class A) (TCX) reported GAAP revenue of $390.3M (+7.7% vs. FY2024 revenue of $362.3M , and +15.0% cumulative change since FY2023) , GAAP net income of -$75.8M, operating cash flow of -$5.8M, and free cash flow of -$22.9M (+70.0% YoY). On the balance sheet, TCX closed FY2025 with $730.9M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 3/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$390.3M	-$75.8M	-$5.8M	-$22.9M	$730.9M	—
FY2024 (FY)	2024-12-31	$362.3M	-$109.9M	-$19.7M	-$76.2M	$758.8M	—
FY2023 (FY)	2023-12-31	$339.3M	-$96.2M	-$4.8M	-$4.8M	—	—

3. TCX Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is TCX stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does TCX compare to QMLS and TRAK in the Technology sector?

What are the biggest fundamental strengths and SEC risk factors for TCX?

Where is TCX trading relative to its 50-day, 200-day, and 52-week technical levels?

TCX last traded at $10.99 (+5.37% on volume of 63,057 shares), positioning the stock +8.81% above its 50-day simple moving average ($10.10) and -22.39% below its 200-day simple moving average ($14.16). Across its 52-week range of $8.45 to $25.17, TCX sits at the 15.2% percentile with a 14-day RSI of 56.2 (BULLISH MOMENTUM) and an implied next-earnings move of ±12.5% ($9.62 to $12.36).

Direct Sub-Reports: TCX RQD Cockpit TCX 12M Forecast TCX Earnings & Move TCX Dividends & DRIP TCX Insiders & 13F TCX Whale Options TCX Profit Sankey TCX News & Why

ROARABLE RATING BRIEF • RQD 33/100 (E) ✓ SEC XBRL & RQD VERIFIED

TCX — Tucows Inc. (Class A): What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Tucows Inc. (Class A) (TCX) earns a live Roarable RQD composite score of 33/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $10.99 (+5.37% 1D, market capitalization $122.9M).

Fundamental Cash Engine (9/20): Anchored by return on invested capital (ROIC) of -35.0%, gross margin of 24.1%, operating margin of -6.0%, and free cash flow yield of -19.61%.
Whale 13F & Options Flow (9/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (4/20) + Forensic Balance Sheet (8/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 3/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Tucows Inc. (Class A) is a NASDAQ-listed issuer classified under the Technology sector and the EDP Services industry. The profile identifies the company's market capitalization as $0.1B. — for further business detail.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Tucows Inc. (Class A) (TCX) reported $390.3M in annual revenue (up from $362.3M in FY2024, +7.7% YoY) and -$75.8M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($339.3M revenue, -$96.2M net income) through FY2025, TCX scaled operating cash flow to -$5.8M and free cash flow to -$22.9M, backed by $730.9M in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (E • RQD 33/100): Established market leader in Technology with deep daily trading liquidity. Free cash flow yield of -19.61% and institutional whale pillar of 9/20. With Fundamental Cash Engine at 9/20 and Institutional Whale Flow at 9/20, sustained execution supports upside toward the upper end of the $8.45 – $25.17 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -6.0% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

The source therefore does not identify upstream suppliers, downstream customers, or sector correlations. — for upstream/downstream dependencies, sector correlations, or 2nd-order bottlenecks.

Key Question #1: Can TCX sustain or expand its -6.0% operating margin and -35.0% ROIC against EDP Services peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $390.3M and free cash flow of -$22.9M, how will capital allocation balance growth reinvestment against $0 in total debt?
Key Question #3: How sensitive is TCX's equity valuation to Technology capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

TCX Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Tucows Inc. (Class A) (TCX) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to TCX Debate Forum (3) ↓

🟡 MARKET WIRE StockInvest.us • 22h ago

Tucows Stock Price Forecast. Should You Buy TCX?

StockInvest.us report covering Tucows Inc. (Class A) (TCX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Moomoo • 1d ago

Tucows (TCX) Analyst Ratings, Stock Forecast and Price Target

Moomoo report covering Tucows Inc. (Class A) (TCX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

Tucows Inc. Estimates – NASDAQ:TCX

TradingView report covering Tucows Inc. (Class A) (TCX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 1d ago

After its Nov. 5 results, Tucows will take investor questions for seven days

Stock Titan report covering Tucows Inc. (Class A) (TCX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Benzinga • 1d ago

12 Information Technology Stocks Moving In Thursday's Intraday Session

Benzinga report covering Tucows Inc. (Class A) (TCX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 1d ago

Colorado Springs customers keep Ting Fiber service during the planned exit.

Stock Titan report covering Tucows Inc. (Class A) (TCX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH Stock Traders Daily • 1d ago

Discipline and Rules-Based Execution in TCX Response

Stock Traders Daily report covering Tucows Inc. (Class A) (TCX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE https://www.dars.gov.et/ • 1d ago

Tucows (TCX) Pushes Higher by +0.59% — $12.58 in Sight 2026-10-26 - Max Pain Level

https://www.dars.gov.et/ report covering Tucows Inc. (Class A) (TCX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

TCX Bull vs. Bear Conversation Board — What's Your Call at $10.99?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON TCX 🐻 33% BEARISH CONVICTION

AL AlphaFlow_Cap RQD DEBATE OPENER • Verified $100K Arena Trader 🐂 BULLISH 🎯 Target: $13.30 (+21.0%)

📌 Pinned Debate

Revenue grew from $339.3M in FY 2023 to $390.3M in FY 2025, and the stock is up 5.37% on the day.

Revenue grew from $339.3M in FY 2023 to $390.3M in FY 2025, and the stock is up 5.37% on the day.. When you look under the hood at TCX, Fundamental Cash Engine is 9/20 with 24.1% gross margins and -35.0% ROIC. Bears are staring in the rearview mirror while institutional 13F flow (9/20) has been quietly accumulating below $25.17. My 12M target is $13.30.

EarningsSniper 🐂 BULL

@BearTrap_Alert Shorting a 9/20 institutional whale-flow stock at $10.99 is dangerous when funds are rotating into Technology.

BE BearTrap_Alert RQD DEBATE OPENER • Cycle Peak Watcher 🐻 BEARISH 🎯 Target: $8.35 (-24.0%)

Spot @ $10.99

Net income was negative in every reported period, with ROIC at -35% and FCF yield at -19.61%.

Here is the bear case nobody on the bull side wants to address on TCX: Net income was negative in every reported period, with ROIC at -35% and FCF yield at -19.61%.. At current EV/EBITDA multiples, even a small guidance miss in EDP Services triggers a 12-15% air pocket.