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Stock research / United States / CCOI · Communications Services, Nec · Nasdaq

Cogent Communications Holdings, Inc. (CCOI)

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Cogent Communications Holdings, Inc. (CCOI) reported revenue of $236 million for Q2 FY2026, the quarter ended 30 June 2026, down 4.3% on the same quarter a year earlier. Net income was $67 million, and diluted earnings per share $1.38. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$236 milliondown 4.3%
Net income$67 million
Diluted EPS$1.38
QuarterQ2 FY2026ended 30 June 2026

Cogent Communications Holdings (CCOI) in brief

Cogent Communications Holdings (CCOI) reported revenue of $976 million for fiscal 2025, the year ended 31 December 2025, down 5.8% on the year before.
Read moreNet loss was $182 million and the diluted loss per share $3.80. Revenue was $1.0 billion in fiscal 2024, $941 million in fiscal 2023, $600 million in fiscal 2022 and $590 million in fiscal 2021. Net income in the same years was a loss of $204 million, $1.3 billion, $5 million and $48 million. Over the twelve months to 30 June 2026, Cogent Communications Holdings reported revenue of $957 million and net loss of $45 million. Revenue grew 11.4% a year, compounded, over the five years to fiscal 2025. Cogent Communications Holdings declared $3.05 a share in dividends over the last four quarters and had 51 million shares outstanding at the latest filed count. At 31 December 2025 it carried $1.7 billion of debt and $184 million of cash. At the close of 9 October 2026 the market cap of Cogent Communications Holdings was $437 million.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin8.0%
Net margin-4.7%
FCF margin-14.9%
Interest covern/a
Debt to equityn/a
Cash conversionn/a
Share count, 1 year4.0%
Sales CAGR, 3 years17.6%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.96

At the close of 9 October 2026

Price$8.54
Market cap$437 million
Stock P/En/a
Price to bookn/a
EV / EBITDA0.84
Dividend yield35.7%
Market cap / sales0.46
52-week high$45.10
52-week low$7.33
Price, 1 year-80.4%
Price CAGR, 3 years-49.4%
Price CAGR, 5 years-34.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Cogent Communications Holdings, Inc. files it, at the balance sheet of 31 December 2025, the latest that carries it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
CCOIgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CCOI

Filings17 in twelve months: 10 current reports (8-K), about 5 results of operations; 2 material agreement; 2 officer or director change; 1 regulation FD disclosure; 1 other events
Planned insider sales13 Form 144 notices in twelve months, $970,815; latest 2 September 2026
Options tapeput/call 0.59 by open interest at the 9 October 2026 close; the straddle prices a 12.8% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Citadel Advisors; 10 Schedule 13D or 13G filings in twelve months
Insider trading15 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest6.0 million shares short, 2.36 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue275272266260257252247246242241239236
Cost of revenue174174169156162155137137132128129125
Gross profit10297.697.210495.797.1110109110112110111
Gross margin37%36%37%40%37%38%44%44%46%47%46%47%
SG&A65.381.376.768.367.763.173.964.970.465.272.372.1
Operating income-50.6-68.5-59.4-47.1-57.8-33.2-40.3-31.5-18.1-11.2-13.5119
Operating margin-18%-25%-22%-18%-22%-13%-16%-13%-7%-5%-6%50%
Interest expense24.234.923.0n/an/an/an/an/an/an/an/an/a
Pre-tax income-70.3180-84.4-40.2-80.0-55.0-70.3-74.5-52.6-47.6-51.083.1
Tax raten/a-11%n/an/an/an/an/an/an/an/an/a20%
Net income-56.7200-65.3-32.3-63.1-43.3-52.0-57.8-41.5-30.8-39.566.6
Net margin-21%74%-25%-12%-25%-17%-21%-23%-17%-13%-17%28%
Diluted EPS-$1.20$4.17-$1.38-$0.68-$1.33-$0.91-$1.09-$1.21-$0.87-$0.64-$0.83$1.38
Operating cash flow-52.4-48.719.2-22.2-20.214.536.4-44.03.1-6.014.83.2
Capital expenditure25.443.640.948.859.246.158.156.236.237.046.238.5
Free cash flow-77.8-92.3-21.7-70.9-79.5-31.6-21.7-100-33.1-43.0-31.4-35.3
Buybacksn/an/an/an/a0.0n/an/a11.55.2n/a106n/a
Dividends paid45.146.40.593.347.248.449.149.649.12.31.32.3
Shares outstanding49m49m49m49m49m49m49m49m49m50m50m51m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015FY2016FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Revenue3804044474855205465685906009411,036976957
Cost of revenue160175194209220220219226228544642535514
Gross profit220230253276301326349363371397394441443
Gross margin57.9%56.8%56.6%56.9%57.8%59.8%61.4%61.6%61.9%42.2%38.1%45.2%46.3%
Selling, general and administrative108113121128134147158162163275276274280
Operating income53.953.064.075.986.6100107119114-129-198-10176.1
Operating margin14.2%13.1%14.3%15.6%16.6%18.4%18.8%20.2%19.0%-13.7%-19.1%-10.4%8.0%
Interest expense49.941.340.848.551.157.562.558.111193.3123n/an/a
Pre-tax income4.512.724.331.141.452.710.371.426.41,219-260-245-68.0
Income tax3.77.89.325.212.715.24.123.221.2-54.0-55.6-62.8-22.8
Effective tax rate82.3%61.5%38.5%81.1%30.7%28.8%39.7%32.5%80.5%-4.4%n/an/an/a
Net income0.84.914.95.928.737.56.248.25.11,273-204-182-45.2
Net margin0.2%1.2%3.3%1.2%5.5%6.9%1.1%8.2%0.9%135.3%-19.7%-18.7%-4.7%
Diluted EPS$0.02$0.11$0.33$0.13$0.63$0.81$0.13$1.03$0.11$26.62-$4.28-$3.80-$0.96
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
On-net51354553254.5%
Off-net39345439740.7%
Wavelength5.719.238.53.9%
Non-core28.818.28.30.9%
On-netOff-netWavelengthNon-core
941FY20231,036FY2024976FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
North America80388882084.0%
Europe10811612212.5%
Oceania21.423.324.82.5%
South America7.68.08.80.9%
Africa0.80.60.60.1%
North AmericaEuropeOceaniaSouth AmericaAfrica
941FY20231,036FY2024976FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015FY2016FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow73.083.810811213414914017017417.3-8.6-10.615.1
Capital expenditure60.035.645.245.849.947.056.069.979.0130195188158
Free cash flow13.048.262.765.984.010284.410094.7-112-204-198-143
Free cash flow margin3.4%11.9%14.0%13.6%16.1%18.6%14.9%17.0%15.8%-11.9%-19.7%-20.3%-14.9%
Cash from investingn/a-35.5-45.2-45.8-49.9-47.0-56.0-69.9-79.076.721.5-87.6174
Cash from financingn/a-1298.3-97.3-52.522.0-116-141-145-25810662.9-119
Depreciation and amortisation69.570.575.275.981.280.283.589.292.2232298270226
Share-based compensation9.611.510.713.317.718.523.526.824.426.925.726.428.9
Buybacks58.639.44.51.86.6n/a4.5n/an/an/a8.016.7n/a
Dividends paid54.266.368.281.797.911312915017018218915054.9
Dividend per share$1.17$1.46$1.51$1.80$2.12$2.44$2.78$3.17$3.56$3.76$3.92$3.05n/a
Diluted shares, weighted46m45m45m45m46m46m47m47m47m48m48m48m48m
Shares outstanding at period end46m45m45m46m46m47m47m48m48m49m49m50m51m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015FY2016FY2017FY2018FY2019FY2020FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity83.8-12.3-53.3-103-149-204-293-373-519610223-63.8-34.1
Debt4404715705756457988828989509501,4561,730n/a
Operating lease liabilitiesn/an/an/an/an/a86.711111294.6330302270256
Finance lease liabilitiesn/an/an/an/a157162203229287420517597609
Other liabilities23120422123886.789.496.91191979026755662,273
Total liabilities and equity7556637387117409321,0009851,0103,2123,1733,1003,104
Owned
Fixed assets3613603623813753694304585441,5381,6641,7211,638
Intangible assetsn/an/an/an/an/an/an/an/an/a473n/an/an/a
Cash and equivalents28820427424727639937132022475.1198149184
Receivables33.130.733.639.141.740.544.241.944.113596.988.085.8
Other assets73.368.468.343.246.71231551651989901,2141,1421,196
Total assets7556637387117409321,0009851,0103,2123,1733,1003,104
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded9.2%11.4%17.6%-4.5%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/an/a58.7%n/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Cogent Communications Holdings' revenue in fiscal 2025?

Cogent Communications Holdings (CCOI) reported revenue of $976 million for fiscal 2025, the year ended 31 December 2025, down 5.8% on the year before.

How much did Cogent Communications Holdings earn in fiscal 2025?

Net loss was $182 million for fiscal 2025, and the diluted loss per share $3.80.

What is Cogent Communications Holdings' market cap?

The market cap of Cogent Communications Holdings was $437 million at the close of 9 October 2026.

Does Cogent Communications Holdings pay a dividend?

Yes. Cogent Communications Holdings declared $3.05 a share in dividends over the four quarters to 30 June 2026.

How much debt does Cogent Communications Holdings have?

At 31 December 2025 Cogent Communications Holdings carried $1.7 billion of debt and $184 million of cash.

Peers: Communication

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
EchoStar Corp. ECHO$33.4 billionn/a-40.1%-112.7%-5.2%1.13n/a
Viasat Inc. VSAT$9.9 billionn/a-0.6%2.4%1.3%1.25n/a
Iridium Communications Inc. IRDM$5.0 billion53.9519.7%23.8%3.1%3.731.3%
Nexstar Media Group, Inc. NXST$5.0 billion30.968.3%17.8%10.5%5.184.6%
Versant Media Group, Inc. VSNT$4.3 billion3.7714.4%25.5%n/a0.36n/a
Telephone & Data Systems Inc. TDS$3.9 billionn/an/an/an/a0.130.5%
Adeia Inc. ADEA$2.6 billion22.1325.7%41.6%24.3%0.810.8%
Calix, Inc. CALX$2.3 billion50.317.2%5.5%27.8%0.000.0%
Ziff Davis, Inc. ZD$2.0 billion3.2028.8%5.5%-8.5%0.390.0%
Uniti Group Inc. UNIT$1.6 billion2.54666.9%3.2%n/a65.860.0%
Shenandoah Telecommunications Co. SHEN$576 millionn/a-4.6%-5.3%5.0%0.851.1%
Cogent Communications Holdings, Inc. CCOI$437 millionn/an/a8.0%-4.5%n/a35.7%
All 26 in Communication
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Verizon Communications Inc. VZ$173.0 billion10.8515.4%20.5%1.4%1.366.6%
T-Mobile US, Inc. TMUS$159.7 billion15.5618.8%19.8%9.7%1.502.6%
AT&T Inc. T$151.9 billion7.3417.1%20.1%2.6%1.065.0%
Spotify Technology S.A. SPOT *$108.9 billion44.7226.6%12.8%9.7%0.18n/a
Warner Bros. Discovery, Inc. WBD$77.6 billionn/a-9.6%-3.5%-6.1%0.98n/a
Comcast Corp. CMCSA$73.7 billion6.6812.5%14.7%0.6%0.946.4%
Vodafone Group Public Limited Company VOD *$35.9 billionn/a-0.8%7.0%8.0%1.043.5%
Chunghwa Telecom Co. Ltd. CHT *$35.7 billion29.5610.1%20.6%2.7%0.073.5%
EchoStar Corp. ECHO$33.4 billionn/a-40.1%-112.7%-5.2%1.13n/a
Fox Corp. FOXA$27.4 billion16.2614.5%n/a5.1%0.57n/a
Fox Corp. FOX$24.5 billion14.5614.5%n/a5.1%0.57n/a
Roku, Inc. ROKU$22.6 billion65.3212.6%5.2%18.5%0.00n/a
Tencent Music Entertainment Group TME *$13.2 billionn/a13.8%40.6%15.8%0.042.1%
Charter Communications, Inc. CHTR$12.5 billion2.6829.0%23.3%-1.5%5.54n/a
Viasat Inc. VSAT$9.9 billionn/a-0.6%2.4%1.3%1.25n/a
Lumen Technologies, Inc. LUMN$5.4 billionn/an/a1.7%-7.7%n/a0.0%
Iridium Communications Inc. IRDM$5.0 billion53.9519.7%23.8%3.1%3.731.3%
Nexstar Media Group, Inc. NXST$5.0 billion30.968.3%17.8%10.5%5.184.6%
Versant Media Group, Inc. VSNT$4.3 billion3.7714.4%25.5%n/a0.36n/a
Telephone & Data Systems Inc. TDS$3.9 billionn/an/an/an/a0.130.5%
Adeia Inc. ADEA$2.6 billion22.1325.7%41.6%24.3%0.810.8%
Calix, Inc. CALX$2.3 billion50.317.2%5.5%27.8%0.000.0%
Ziff Davis, Inc. ZD$2.0 billion3.2028.8%5.5%-8.5%0.390.0%
Uniti Group Inc. UNIT$1.6 billion2.54666.9%3.2%n/a65.860.0%
Shenandoah Telecommunications Co. SHEN$576 millionn/a-4.6%-5.3%5.0%0.851.1%
Cogent Communications Holdings, Inc. CCOI$437 millionn/an/a8.0%-4.5%n/a35.7%
4 companies share its SEC industry code (Communications Services, Nec); the rest are the names nearest in size in its wider industry, Communication, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20264 May 2026EDGAR
10-K31 December 202520 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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