TeraGo Revenue Slips in 2025 as It Refocuses on Higher-Value Wireless Customers

TeraGo Inc. ( (TSE:TGO) ) has shared an update.

TeraGo reported weaker fourth-quarter and full-year 2025 results, with revenue down 5.7% in Q4 and 3.1% for the year as lower bookings, installation delays and the deliberate exit of unprofitable accounts weighed on performance. Adjusted EBITDA fell, net losses widened and backlog MRR declined sharply, though the company highlighted improving ARPA, lower churn and recent financing that bolstered its balance sheet as it continues to invest in fixed wireless and private 5G offerings.

Management said the business is being repositioned toward higher-value mid-market and large multi-site customers, supported by new fixed wireless broadband products and cost-optimization initiatives. While macroeconomic pressures are slowing procurement and contract signings across the sector, TeraGo maintains that its strengthened capital structure and extensive mmWave spectrum holdings leave it well placed to capture growing demand for high-capacity connectivity and support long-term performance for stakeholders.

The most recent analyst rating on (TSE:TGO) stock is a Hold with a C$0.94 price target. To see the full list of analyst forecasts on TeraGo Inc. stock, see the TSE:TGO Stock Forecast page.

Spark’s Take on TGO Stock

According to Spark, TipRanks’ AI Analyst, TGO is a Neutral.

The score is primarily held back by weak financial performance (sharp revenue decline, ongoing losses, deteriorating cash flow, and negative equity/leverage risk). Technicals are supportive with price above key averages and positive MACD, but momentum looks somewhat stretched. Earnings call updates were moderately constructive (EBITDA improvement and recapitalization), though revenue softness, churn, and longer sales cycles remain key risks. Valuation is less supportive given the negative P/E and no dividend yield data.

To see Spark’s full report on TGO stock, click here.

More about TeraGo Inc.

TeraGo Inc., listed on the TSX as TGO, is Canada’s largest holder of millimetre wave spectrum and a provider of managed fixed wireless internet, 5G private wireless networks and SD-WAN solutions. The company targets mid-market and enterprise customers with high-capacity, low-latency connectivity services across multi-location deployments in the Canadian telecom market.

Average Trading Volume: 23,331

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$32.76M

For an in-depth examination of TGO stock, go to TipRanks’ Overview page.