TeraGo Inc.

TSX:TGO Stock Report

Market Cap: CA$48.4m

TeraGo Past Earnings Performance

Past criteria checks 0/6

TeraGo's earnings have been declining at an average annual rate of -5.9%, while the Telecom industry saw earnings declining at 5.9% annually. Revenues have been declining at an average rate of 13.3% per year.

Key information

-5.86%

Earnings growth rate

1.93%

EPS growth rate

Telecom Industry Growth1.82%
Revenue growth rate-13.31%
Return on equity-690.84%
Net Margin-65.17%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update Feb 05

TGO: Secure Networking Partnership Will Support A Stronger Forward Earnings Profile

Analysts have slightly reduced their price target on TeraGo, citing modest adjustments to the discount rate and future P/E assumptions, while keeping fair value, revenue growth and profit margin forecasts essentially unchanged. What's in the News TeraGo announced a partnership with Fortinet to deliver secure networking services for businesses across Canada, combining managed connectivity with Fortinet's SD-WAN and SASE offerings (Key Developments).
Narrative Update Jan 22

TGO: Secure Networking Partnership Will Support A Higher Forward Earnings Profile

Narrative Update on TeraGo Analysts have revised their price target for TeraGo to reflect a modestly higher fair value estimate, now at 1.1 times their prior narrative level of 1. This points to updated views on growth, profitability and an adjusted future P/E assumption.
Analysis Article Jan 17

TeraGo Inc.'s (TSE:TGO) 37% Jump Shows Its Popularity With Investors

TeraGo Inc. ( TSE:TGO ) shareholders are no doubt pleased to see that the share price has bounced 37% in the last...
Narrative Update Sep 16

Flexible Millimeter Wave Use Will Unlock Mobile Opportunities

TeraGo's price target was cut following a substantial decline in its forward P/E ratio amid slightly weaker revenue growth expectations, lowering the fair value estimate from CA$1.60 to CA$1.00. What's in the News TeraGo announced a non-brokered private placement to issue 6,547,619 common shares at CAD 0.84 for proceeds of CAD 5.5 million, with insider participation expected and subject to stock exchange approval.
Narrative Update Aug 16

Flexible Millimeter Wave Use Will Unlock Mobile Opportunities

The significant reduction in TeraGo’s consensus revenue growth forecast from 4.5% to 1.4% has driven a downward revision in its fair value, with the analyst price target dropping from CA$2.00 to CA$1.60. What's in the News TeraGo announced a partnership with Ericsson to deliver advanced enterprise private 5G solutions across Canada.
Analysis Article Jul 26

Market Still Lacking Some Conviction On TeraGo Inc. (TSE:TGO)

With a median price-to-sales (or "P/S") ratio of close to 1.3x in the Telecom industry in Canada, you could be forgiven...
User avatar
New Narrative Apr 17

Flexible Millimeter Wave Use Will Unlock Mobile Opportunities

TERAGO's strategic mid-market focus and reduced churn anticipate future revenue growth, bolstered by improved account revenues and spectral assets.
Analysis Article Mar 30

Is TeraGo (TSE:TGO) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Feb 26

TeraGo Inc.'s (TSE:TGO) 28% Jump Shows Its Popularity With Investors

TeraGo Inc. ( TSE:TGO ) shares have had a really impressive month, gaining 28% after a shaky period beforehand. Looking...
Analysis Article Feb 13

Does TeraGo (TSE:TGO) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Nov 13

A Piece Of The Puzzle Missing From TeraGo Inc.'s (TSE:TGO) Share Price

With a median price-to-sales (or "P/S") ratio of close to 1.1x in the Telecom industry in Canada, you could be forgiven...
Analysis Article Jun 07

After Leaping 34% TeraGo Inc. (TSE:TGO) Shares Are Not Flying Under The Radar

Despite an already strong run, TeraGo Inc. ( TSE:TGO ) shares have been powering on, with a gain of 34% in the last...
Analysis Article Apr 15

Even With A 45% Surge, Cautious Investors Are Not Rewarding TeraGo Inc.'s (TSE:TGO) Performance Completely

TeraGo Inc. ( TSE:TGO ) shareholders would be excited to see that the share price has had a great month, posting a 45...
Analysis Article Feb 29

With TeraGo Inc. (TSE:TGO) It Looks Like You'll Get What You Pay For

It's not a stretch to say that TeraGo Inc.'s ( TSE:TGO ) price-to-sales (or "P/S") ratio of 0.9x seems quite...
Analysis Article Jan 07

Is TeraGo (TSE:TGO) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Oct 05

Is TeraGo (TSE:TGO) Using Debt In A Risky Way?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Aug 04

Why Investors Shouldn't Be Surprised By TeraGo Inc.'s (TSE:TGO) P/S

There wouldn't be many who think TeraGo Inc.'s ( TSE:TGO ) price-to-sales (or "P/S") ratio of 1.3x is worth a mention...
Analysis Article Jun 08

Here's Why TeraGo (TSE:TGO) Can Afford Some Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jan 26

TeraGo (TSE:TGO) Is Carrying A Fair Bit Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Sep 10

We Think TeraGo (TSE:TGO) Has A Fair Chunk Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Feb 23

Does TeraGo's (TSE:TGO) Share Price Gain of 44% Match Its Business Performance?

These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But the truth is...

Revenue & Expenses Breakdown

How TeraGo makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:TGO Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2625-1600
31 Dec 2525-1700
30 Sep 2526-1500
30 Jun 2526-1400
31 Mar 2526-1300
31 Dec 2426-1300
30 Sep 2426-1400
30 Jun 2426-1300
31 Mar 2426-1400
31 Dec 2326-1300
30 Sep 2326-1200
30 Jun 2326-1200
31 Mar 2326-1100
31 Dec 2228-1200
30 Sep 2232-1800
30 Jun 2236-1700
31 Mar 2240-1600
31 Dec 2143-1500
30 Sep 2144-800
30 Jun 2144-900
31 Mar 2145-800
31 Dec 2045-800
30 Sep 2047-800
30 Jun 2047-600
31 Mar 2048-800
31 Dec 1948-700
30 Sep 1949-700
30 Jun 1951-600
31 Mar 1953-500
31 Dec 1854-500
30 Sep 1855-700
30 Jun 1855-800
31 Mar 1855-800
31 Dec 1755-700
30 Sep 1756-300
30 Jun 1758-500
31 Mar 1758-500
31 Dec 1659-400
30 Sep 1660-500
30 Jun 1660-200
31 Mar 1660-400
31 Dec 1558-300
30 Sep 1555-400

Quality Earnings: TGO is currently unprofitable.

Growing Profit Margin: TGO is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: TGO is unprofitable, and losses have increased over the past 5 years at a rate of 5.9% per year.

Accelerating Growth: Unable to compare TGO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TGO is unprofitable, making it difficult to compare its past year earnings growth to the Telecom industry (-2.4%).


Return on Equity

High ROE: TGO has a negative Return on Equity (-690.84%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/12 13:12
End of Day Share Price 2026/07/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TeraGo Inc. is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David McFadgenATB Cormark
David McFadgenATB Cormark Historical (Cormark Securities)
Matthew LeeCanaccord Genuity