Tucows Inc.

NasdaqCM:TCX Stock Report

Market Cap: US$243.3m

Tucows Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Dave Woroch

Chief executive officer

US$594.8k

Total compensation

CEO salary percentage49.12%
CEO tenureno data
CEO ownership1.1%
Management average tenure2.9yrs
Board average tenureless than a year

Recent management updates

Recent updates

There Is A Reason Tucows Inc.'s (NASDAQ:TCX) Price Is Undemanding

Aug 01
There Is A Reason Tucows Inc.'s (NASDAQ:TCX) Price Is Undemanding

The Market Doesn't Like What It Sees From Tucows Inc.'s (NASDAQ:TCX) Revenues Yet As Shares Tumble 30%

Apr 09
The Market Doesn't Like What It Sees From Tucows Inc.'s (NASDAQ:TCX) Revenues Yet As Shares Tumble 30%

Why Investors Shouldn't Be Surprised By Tucows Inc.'s (NASDAQ:TCX) 30% Share Price Plunge

Apr 09
Why Investors Shouldn't Be Surprised By Tucows Inc.'s (NASDAQ:TCX) 30% Share Price Plunge

Investors Aren't Buying Tucows Inc.'s (NASDAQ:TCX) Revenues

Dec 19
Investors Aren't Buying Tucows Inc.'s (NASDAQ:TCX) Revenues

Tucows Inc.'s (NASDAQ:TCX) Price Is Right But Growth Is Lacking After Shares Rocket 31%

Aug 08
Tucows Inc.'s (NASDAQ:TCX) Price Is Right But Growth Is Lacking After Shares Rocket 31%

Tucows Inc. (NASDAQ:TCX) Held Back By Insufficient Growth Even After Shares Climb 25%

Dec 28
Tucows Inc. (NASDAQ:TCX) Held Back By Insufficient Growth Even After Shares Climb 25%

Is Tucows (NASDAQ:TCX) Using Debt In A Risky Way?

Dec 07
Is Tucows (NASDAQ:TCX) Using Debt In A Risky Way?

Does Tucows (NASDAQ:TCX) Have A Healthy Balance Sheet?

May 06
Does Tucows (NASDAQ:TCX) Have A Healthy Balance Sheet?

Is Tucows (NASDAQ:TCX) Using Debt In A Risky Way?

Jan 10
Is Tucows (NASDAQ:TCX) Using Debt In A Risky Way?

Tucows' Ting Fiber secures up to $200M financing to expand communications infra

Aug 09

Does Tucows (NASDAQ:TCX) Have A Healthy Balance Sheet?

Jul 22
Does Tucows (NASDAQ:TCX) Have A Healthy Balance Sheet?

Is Tucows (NASDAQ:TCX) Using Too Much Debt?

Nov 04
Is Tucows (NASDAQ:TCX) Using Too Much Debt?

This Is Why Tucows Inc.'s (NASDAQ:TCX) CEO Compensation Looks Appropriate

Sep 01
This Is Why Tucows Inc.'s (NASDAQ:TCX) CEO Compensation Looks Appropriate

Be Wary Of Tucows (NASDAQ:TCX) And Its Returns On Capital

Apr 19
Be Wary Of Tucows (NASDAQ:TCX) And Its Returns On Capital

Tucows (NASDAQ:TCX) Takes On Some Risk With Its Use Of Debt

Mar 30
Tucows (NASDAQ:TCX) Takes On Some Risk With Its Use Of Debt

Should Tucows Inc. (NASDAQ:TCX) Focus On Improving This Fundamental Metric?

Mar 12
Should Tucows Inc. (NASDAQ:TCX) Focus On Improving This Fundamental Metric?

CEO Compensation Analysis

How has Dave Woroch's remuneration changed compared to Tucows's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

-US$96m

Jun 30 2025n/an/a

-US$96m

Mar 31 2025n/an/a

-US$99m

Dec 31 2024US$595kUS$292k

-US$110m

Sep 30 2024n/an/a

-US$91m

Jun 30 2024n/an/a

-US$91m

Mar 31 2024n/an/a

-US$104m

Dec 31 2023US$523kUS$296k

-US$96m

Sep 30 2023n/an/a

-US$86m

Jun 30 2023n/an/a

-US$71m

Mar 31 2023n/an/a

-US$44m

Dec 31 2022US$596kUS$297k

-US$28m

Sep 30 2022n/an/a

-US$16m

Jun 30 2022n/an/a

-US$7m

Mar 31 2022n/an/a

-US$2m

Dec 31 2021US$512kUS$269k

US$3m

Sep 30 2021n/an/a

US$7m

Jun 30 2021n/an/a

US$7m

Mar 31 2021n/an/a

US$5m

Dec 31 2020US$420kUS$247k

US$6m

Sep 30 2020n/an/a

US$9m

Jun 30 2020n/an/a

US$13m

Mar 31 2020n/an/a

US$15m

Dec 31 2019US$363kUS$216k

US$15m

Sep 30 2019n/an/a

US$14m

Jun 30 2019n/an/a

US$15m

Mar 31 2019n/an/a

US$16m

Dec 31 2018US$374kUS$215k

US$17m

Compensation vs Market: Dave's total compensation ($USD594.77K) is below average for companies of similar size in the US market ($USD1.55M).

Compensation vs Earnings: Dave's compensation has increased whilst the company is unprofitable.

CEO

Dave Woroch (62 yo)

no data
Tenure
US$594,766
Compensation

Mr. David Woroch, also known as Dave, serves as President and Chief Executive Officer of Tucows Inc. since November 2025. He is Chief Executive Officer of Tucows Domains Services since 2022 and served as i...

Leadership Team

NamePositionTenureCompensationOwnership
David Woroch
Presidentno dataUS$594.77k1.13%
$ 2.7m
Ivan Ivanov
CFO, Secretary1.3yrsUS$827.42k0%
$ 0
Bret Fausett
Chief Legal Officer & VP of Regulatory Affairs8.2yrsUS$677.00k0.28%
$ 681.5k
Justin Reilly
Chief Executive Officer of Wavelo6.2yrsUS$573.47k0.018%
$ 42.6k
Francisco Obispo
Chief Technology Officerno datano datano data
Monica Webb
Senior Director of Investor Relationsno datano datano data
Jessica Maciazek
Manager of Corporate Communicationsless than a yearno datano data
Jenn Didine
Vice President of People2.9yrsno datano data
Steve Barnes
Chief Product Officerno datano datano data
Michael Cooperman
Senior Advisorno dataUS$320.01kno data
2.9yrs
Average Tenure
61yo
Average Age

Experienced Management: TCX's management team is considered experienced (2.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Elliot Noss
Director24.3yrsUS$975.73k5.12%
$ 12.4m
Stephan Uhrenbacher
Directorless than a yearno data0.013%
$ 30.4k
Jeffrey Stewart Tory
Independent Vice Chairless than a yearno data0.026%
$ 63.5k
Laurenz Nienaber
Chair of the Boardless than a yearno data0.00090%
$ 2.2k
Allen Taylor
Directorless than a yearno data0.14%
$ 341.8k
Marlene Carl
Independent Director4.2yrsUS$73.28k0.00016%
$ 389.3
Sandra Matz
Directorless than a yearno datano data
Lee Matheson
Independent Director2.2yrsUS$73.28kno data
0.5yrs
Average Tenure
43yo
Average Age

Experienced Board: TCX's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/26 03:00
End of Day Share Price 2025/11/25 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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

Tucows Inc. is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas CortellucciAtrium Research
Thanos MoschopoulosBMO Capital Markets Equity Research
Scott CurtisCantor Fitzgerald Canada Corporation