The "News" You Saw About Canonical is Misleading, It Made Only 18 Million Dollars Last Year and Barely Paid Any Taxes

posted by Roy Schestowitz on Jun 28, 2025

Lies (or half-truths) are the norm these days...

Last summer: Contrary to What Shallow "News" Sites Said, Canonical's Profits and Cash Flows Did Not Improve, Almost 50% Increase in Marketing Budget (Investment in Branding, Not Engineering, Just Like Microsoft)

We have seen 3 articles and videos that say - or try to suggest - Canonical is making about 300 million dollars a year. Rather than rely on those lazy "bloggers" (who mostly just quote one another) go to the original and formal documents. This is how much money Canonical reports to have made last year (net):

Notice how little corporate tax they pay. Mark Shuttleworth already got in a hot legal battle for tax evasion in South Africa (he lost). Canonical uses a tiny island to do the same all over again, even if in reality it's based in London.

Last year the company's cash reserves decreased rather than increased:

I've looked through the 75 pages. Have you? Be wary of clickbait in lazy sites and slop that echoes them. █