Company / R&D Expense
TUCOWS INC /PA/ R&D Expense History
FY2011-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$14.2M
FY2024
5-year range
$4.3M / $14.3M
FY2020-FY2024
Trend
-0.9%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has fluctuated over the past 10 years, ranging from $4M in FY2015 to $14M in FY2023.
Based on SEC 10-K filings.
$14M in FY2024 with a 10-year CAGR of +12.7%.
Improved from $12M to $14M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- +12.7%
Key checks
Key Insights
- In FY2024, r&d expense decreased 0.9% year-over-year.
- Peak r&d expense was recorded in FY2023.
- Lowest r&d expense in the period was in FY2015.
Company context
Key Data Points
- Altman Z-Score 0.36 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $14.2M | -0.9% |
| FY2023 | $14.3M | +15.2% |
| FY2022 | $12.4M | +176.0% |
| FY2017 | $4.5M | +4.6% |
| FY2016 | $4.3M | +3.5% |
| FY2015 | $4.2M | -3.4% |
| FY2014 | $4.3M | -11.6% |
| FY2013 | $4.9M | +6.3% |
| FY2012 | $4.6M | +0.6% |
| FY2011 | $4.6M | - |
As of FY2024 · SEC 10-K · Updated Jun 28, 2026