Highlights

  • Ting Fiber agreed on 22 October 2026 to transfer its Colorado Springs dark fiber network lease, with closing expected 31 March 2027.
  • The move aligns with Tucows' ongoing strategic process for Ting, its fixed fiber internet access business.
  • Second-quarter 2026 net Revenue rose 2.1% to US$100.6 million, while Gross Profit climbed 16.6% to US$25.8 million.
  • Tucows plans to release its third-quarter 2026 results on 5 November 2026 at 5:05 p.m. Eastern time.

Tucows Inc. (NASDAQ:TCX) is reshaping the footprint of its fiber Business ahead of its next quarterly report. On 22 October 2026, the Toronto-based internet services company announced that its Subsidiary Ting Fiber, LLC had entered into agreements to transfer its dark fiber network Lease in Colorado Springs, a step the company said aligns with its ongoing strategic process for Ting.

The announcement came on the same day Tucows confirmed that third-quarter 2026 results will be released on 5 November 2026.

Colorado Springs Exit Set for 2027

The transfer is expected to close on 31 March 2027, subject to customary conditions, and the transition is to be completed no later than 30 June 2027. Tucows expects its related parent guaranty to terminate by the end of April 2027, once closing and certain post-closing obligations are met. The counterparty, price and financial impact were not disclosed.

Ting will continue serving Colorado Springs customers through the transition, and customers will receive direct notice before any service changes. President and Chief Executive Dave Woroch said customers remain the priority throughout the process.

Ting Drives Second-Quarter Gross Profit

In its most recent reported quarter, the three months to 30 June 2026, Tucows generated net revenue of US$100.6 million, up 2.1% year on year and 4.0% from the first quarter. Gross profit rose 16.6% to US$25.8 million, mainly reflecting improved Ting margins and lower network expenses.

Adjusted EBITDA was US$12.3 million, down 2.2% from a year earlier but up 5.4% sequentially. Strength at Ting was offset by legacy mobile obligations and sales and Marketing Investment at Wavelo. The net loss widened to US$20.5 million, or US$1.84 per share, from US$15.6 million, or US$1.41 per share. Cash and restricted cash totaled US$60.2 million at quarter end.

Woroch said Ting was the principal driver of the improvement, while Tucows Domains continued to deliver stable gross profit.

Buyback, Board and the Upcoming Report

Tucows operates three main businesses. Tucows Domains manages more than 21 million domain names through a network of about 32,000 resellers, Wavelo offers telecommunications software for service providers, and Ting provides fixed fiber internet access.

In February 2026, the company launched a buyback program of up to US$40 million, running until 12 February 2027 through open-market purchases on the Nasdaq Capital Market, replacing a prior program. At the June 2026 annual meeting, shareholders elected all eight director nominees, including Woroch as a new board member.

Third-quarter results will be published after the market close on 5 November 2026, with pre-recorded management commentary covering the quarter and outlook. Shareholders can submit questions until 12 November, with responses planned for 18 November 2026.