Tucows launches $40 million share repurchase program

Tucows Inc. (NASDAQ: TCX) (TSX: TC) announced that its board of directors approved a $40 million stock buyback program to repurchase common shares in the open market.

The new program will begin February 13, 2026, and terminate on or before February 12, 2027. Purchases will be made exclusively through the NASDAQ Capital Market facilities. The company terminated its previous $40 million buyback program that commenced February 14, 2025.

Any shares purchased under the program will be retired and returned to treasury. The company will fund purchases from available working capital and existing credit facilities.

Tucows reported having 11,124,591 common shares outstanding as of February 12, 2026. The timing and number of shares purchased will depend on available cash and market conditions, with the company maintaining discretion to suspend or discontinue repurchases.

The company stated it may purchase shares in large blocks through the open market, subject to applicable securities laws and stock exchange rules. Tucows does not plan to purchase shares from its management team or other insiders.

The buyback program may be suspended if Tucows would be deemed to be making an acquisition of its own shares under Rule 13e-3 of the Securities Exchange Act of 1934.

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