Tucows Announces $40 Million Stock Buyback Program

Rhea-AI Summary

Tucows (NASDAQ: TCX) announced a $40 million open‑market stock buyback program to repurchase common shares commencing February 13, 2026 and terminating on or before February 12, 2027. Purchases will be made via the Nasdaq Capital Market and any shares repurchased will be retired and returned to treasury.

The prior $40 million buyback that began February 14, 2025 has been terminated. Repurchases depend on cash, market conditions and may be suspended; funding will come from available working capital and existing credit facilities. As of February 12, 2026, Tucows had 11,124,591 common shares outstanding.

Positive

• $40 million authorized for open‑market repurchases
• Repurchases commence Feb 13, 2026 and end by Feb 12, 2027
• All repurchased shares will be retired and returned to treasury
• Purchases executed through Nasdaq Capital Market
• Funding from working capital and existing credit facilities

Negative

• Repurchases may be suspended if deemed an acquisition under Rule 13e‑3
• Buybacks depend on available cash and market conditions
• Prior $40 million program terminated, signaling reset of prior plan

Key Figures

Buyback authorization: $40 million Program start date: February 13, 2026 Program end date: February 12, 2027 +5 more

8 metrics

Buyback authorization $40 million New stock repurchase program starting Feb 13, 2026

Program start date February 13, 2026 Commencement of new buyback program

Program end date February 12, 2027 Scheduled termination of new buyback

Shares outstanding 11,124,591 shares Common shares outstanding as of February 12, 2026

Prior buyback size $40 million Previously announced program commenced February 14, 2025

Current share price $17.745 Pre-news price context on announcement date

Daily price change -5.34% 24h move prior to or into the announcement

52-week range $13.27–$25.17 Positioned 29.5% below 52-week high

Market Reality Check

Price: $17.75 Vol: Volume 22,311 is in line ...

normal vol

$17.75 Last Close

Volume Volume 22,311 is in line with the 22,469 20-day average (relative volume 0.99). normal

Technical Price $17.75 is trading below the $19.99 200-day MA and 29.5% under the 52-week high.

Peers on Argus

TCX was down 5.34% while several peers like SANG (-6.57%) and PAYS (-3.49%) also...

1 Up

TCX was down 5.34% while several peers like SANG (-6.57%) and PAYS (-3.49%) also declined, but momentum data only flags one peer (REKR up 4.77%), suggesting stock-specific factors dominate.

Previous Buybacks Reports

2 past events · Latest: Feb 13 (Positive)

Same Type Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Feb 13	Stock buyback plan	Positive	+26.6%	Board approved new $40M buyback running through February 2026.
Feb 22	Stock buyback plan	Positive	-4.0%	Another $40M buyback authorization with weaker next-day price reaction.

Pattern Detected

Past buyback announcements produced mixed reactions, with one strong gain and one notable decline.

Recent Company History

Recent history for Tucows buyback news shows repeated authorizations of $40 million programs with differing market responses. A Feb 13, 2025 buyback announcement coincided with a 26.57% move higher, while a similar $40 million program on Feb 22, 2024 saw a 4.03% decline. Today’s buyback continues this pattern of identical authorization size against varying price reactions, underscoring that execution, balance sheet context, and broader sentiment have mattered historically.

Historical Comparison

buybacks

+11.3 %

Average Historical Move

Historical Analysis

In the past two years, TCX announced two similar $40M buyback programs. Average next-day move was 11.27%, with one sharp gain and one decline, highlighting volatile reactions to this theme.

Typical Pattern

The company has repeatedly authorized $40M stock buyback programs in consecutive years, maintaining a consistent repurchase capacity while outstanding shares changed only modestly.

Market Pulse Summary

This announcement adds another $40 million stock buyback program, running from February 13, 2026 to ...

Analysis

This announcement adds another $40 million stock buyback program, running from February 13, 2026 to February 12, 2027, funded by working capital and existing credit facilities. With 11,124,591 shares outstanding and all repurchased shares to be retired, the focus shifts to actual buyback pace and balance-sheet flexibility. Comparing to earlier, similarly sized authorizations and monitoring earnings, cash flows, and debt levels will be important for assessing long-term impact.

Key Terms

stock buyback program, open market, treasury, Rule 13e-3, +3 more

7 terms

stock buyback program financial

"has approved a stock buyback program to repurchase, from time to time..."

A stock buyback program is when a company uses its cash to repurchase its own shares from the market, reducing the number of shares available to other investors. This can raise profit per share and often signals management believes the stock is undervalued, like a business buying back coupons to concentrate value for remaining holders; it matters because it can support the share price, change ownership percentages, and alter key financial ratios.

open market financial

"of its common stock in the open market. The new $40 million..."

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

treasury financial

"Any shares purchased by Tucows under the stock buyback program will be retired and returned to treasury."

The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.

Rule 13e-3 regulatory

"in the event Tucows would be deemed to be making an acquisition of its own shares under Rule 13e-3 of the Securities Exchange Act..."

Rule 13e-3 is an SEC disclosure rule that applies when a company or its insiders try to buy out public shareholders and take the company private. It forces the buyer to give detailed, independent information about the deal and its fairness so outside investors can judge whether the price and process treat minority holders fairly — like requiring a transparent sales brochure and independent valuation when neighbors buy out a shared property. Investors care because it reduces the risk of lowball offers or conflicts of interest and helps protect their right to a fair price.

Nasdaq Capital Market financial

"Purchases for the new buyback program will be made exclusively through the facilities of the Nasdaq Capital Market."

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

working capital financial

"The purchase will be funded from available working capital and existing credit facilities."

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

credit facilities financial

"funded from available working capital and existing credit facilities."

Credit facilities are arrangements with banks or lenders that let a company borrow money up to an agreed limit when it needs cash, similar to a business credit card or a home line of credit. They matter to investors because they show how a company manages short‑ and medium‑term financing needs, affect liquidity and debt levels, and can influence costs and risks if borrowing terms change or covenants are breached.

AI-generated analysis. Not financial advice.

TORONTO, Feb. 12, 2026 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) announced today that its Board of Directors has approved a stock buyback program to repurchase, from time to time if and as appropriate, up to $40 million of its common stock in the open market.

The new $40 million buyback program will commence February 13, 2026, and will terminate on or before February 12, 2027. Purchases for the new buyback program will be made exclusively through the facilities of the Nasdaq Capital Market. The previously announced $40 million buyback program, which commenced February 14, 2025, has been terminated.

Any shares purchased by Tucows under the stock buyback program will be retired and returned to treasury.

The timing and exact number of common shares purchased will be at Tucows' discretion and will depend on available cash and market conditions. Tucows may suspend or discontinue the repurchases at any  time, including in the event Tucows would be deemed to be making an acquisition of its own shares under Rule 13e-3 of the Securities Exchange Act of 1934, as amended. Subject to applicable securities laws and stock exchange rules, all purchases will occur through the open market and may be in large block purchases. Tucows does not intend to purchase its shares from its management team or other insiders.

The purchase will be funded from available working capital and existing credit facilities. As of February 12, 2026, Tucows had 11,124,591 common shares outstanding.

NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

About Tucows

Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting (https://ting.com) delivers fixed fiber Internet access with outstanding customer support. Wavelo (https://wavelo.com) is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains (https://tucowsdomains.com) manages over 21 million domain names and millions of value-added services through a global reseller network of over 33,000 web hosts and ISPs. Hover (https://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website (https://tucows.com).

Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries.

This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding our expectations regarding our future financial results and, including, without limitation, our expectations regarding our ability to realize synergies from the Enom acquisition and our expectation for growth of Ting Internet. These statements are based on management's current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Information about other potential factors that could affect Tucows' business, results of operations and financial condition is included in the Risk Factors sections of Tucows' filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/tucows-announces-40-million-stock-buyback-program-302686828.html

SOURCE Tucows Inc.

FAQ

What does the new $40 million Tucows (TCX) buyback cover and when does it start?

The program authorizes up to $40 million of open‑market repurchases starting February 13, 2026. According to Tucows, purchases will occur through the Nasdaq Capital Market and end on or before February 12, 2027.

Will Tucows (TCX) retire shares bought under the February 2026 buyback?

Yes. Tucows will retire and return to treasury any repurchased common shares. According to Tucows, repurchased shares will not be held as outstanding shares and will be retired.

How will Tucows (TCX) fund the $40 million repurchase program?

The purchase will be funded from available working capital and existing credit facilities. According to Tucows, the company plans to use internal cash and its credit lines rather than issuing new securities.

Can Tucows (TCX) pause or stop the buyback before February 2027?

Yes. Tucows may suspend or discontinue repurchases at any time, including if Rule 13e‑3 treatment applies. According to Tucows, timing and volume will depend on cash and market conditions.

Will Tucows (TCX) buy shares from insiders under the new buyback?

No. Tucows does not intend to purchase shares from its management team or other insiders. According to Tucows, all purchases will occur through the open market, subject to applicable laws and rules.

How many common shares did Tucows have outstanding as of February 12, 2026 (TCX)?

Tucows reported 11,124,591 common shares outstanding as of February 12, 2026. According to Tucows, this is the stated share count used in the buyback disclosure.