Cogent Communications Holdings (CCOI) FY2024 results: revenue $1.0 billion, up 10.1% on the year
Cogent Communications Holdings, Inc. (CCOI) reported revenue of $1.0 billion for fiscal 2024, the year ended 31 December 2024, up 10.1% on the year before. Net income was -$204 million, and diluted earnings per share $-4.28. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$1.0 billion
+10.1% on the year
FY2017FY2024
Operating margin
-19.1%
-13.7% a year earlier
FY2017FY2024
Net income
-$204 million
FY2017FY2024
Diluted EPS
-$4.28
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-8.6
17.3
174
Capital expenditure
195
130
79.0
+50.4%
Free cash flow
-204
-112
94.7
Free cash flow margin
-19.7%
-11.9%
15.8%
Cash from investing
21.5
76.7
-79.0
-72.0%
Cash from financing
106
-258
-145
Depreciation and amortisation
298
232
92.2
+28.3%
Share-based compensation
25.7
26.9
24.4
-4.4%
Buybacks
8.0
n/a
n/a
Dividends paid
189
182
170
+4.2%
Dividend per share
$3.92
$3.76
$3.56
+4.3%
Diluted shares, weighted
48m
48m
47m
-0.4%
Shares outstanding at period end
49m
49m
48m
+0.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
223
610
-519
-63.4%
Debt
1,456
950
950
+53.3%
Operating lease liabilities
302
330
94.6
-8.5%
Finance lease liabilities
517
420
287
+23.2%
Other liabilities
675
902
197
-25.2%
Total liabilities and equity
3,173
3,212
1,010
-1.2%
Fixed assets
1,664
1,538
544
+8.2%
Intangible assets
n/a
473
n/a
Cash and equivalents
198
75.1
224
+164.3%
Receivables
96.9
135
44.1
-28.4%
Other assets
1,214
990
198
+22.5%
Total assets
3,173
3,212
1,010
-1.2%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.