CCOI · Cogent Communications Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $129.23M | - | $131.68M | $137.49M | $137.44M | - | $161.55M | $156.17M | $168.93M | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $72.34M | - | $70.42M | $64.92M | $73.86M | - | $67.66M | $68.34M | $76.70M | - |
| Total Operating Expenses | $255.62M | - | $262.53M | $277.71M | $287.34M | - | $315.03M | $310.92M | $325.56M | - |
| D&A | $54.05M | - | $60.43M | $75.29M | $76.04M | - | $85.81M | $74.04M | $70.89M | - |
| Operating Income | ($13.51M) | - | ($18.13M) | ($31.46M) | ($40.29M) | - | ($57.83M) | ($47.14M) | ($59.39M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | $23.01M | - |
| Income Tax | ($11.44M) | - | ($11.05M) | ($16.72M) | ($18.22M) | - | ($16.90M) | ($7.85M) | ($19.13M) | - |
| Net Income | ($39.54M) | - | ($41.54M) | ($57.81M) | ($52.04M) | - | ($63.11M) | ($32.34M) | ($65.31M) | - |
| EPS - Basic | ($0.83) | - | ($0.87) | ($1.21) | ($1.09) | - | ($1.33) | ($0.68) | ($1.38) | - |
| EPS - Diluted | ($0.83) | - | ($0.87) | ($1.21) | ($1.09) | - | ($1.33) | ($0.68) | ($1.38) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $140.26M | $148.51M | $147.09M | $213.65M | $153.81M | $198.49M | $279.19M | $384.42M | $118.43M | $75.09M |
| Accounts Receivable | $91.10M | $88.05M | $95.85M | $95.13M | $87.95M | $96.93M | $99.56M | $111.68M | $107.17M | $135.47M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $36.09M | $30.57M | $28.39M | $49.17M | $55.85M | $39.80M | $53.05M | $38.51M | $45.93M | $48.36M |
| Current Assets | $430.28M | $450.58M | $479.77M | $560.97M | $422.68M | $482.10M | $569.40M | $689.48M | $473.16M | $513.63M |
| Total Assets | $3.06B | $3.10B | $3.15B | $3.27B | $3.12B | $3.17B | $3.20B | $3.34B | $3.15B | $3.21B |
| Current Liabilities | $226.07M | $220.84M | $237.55M | $243.29M | $283.42M | $253.34M | $280.63M | $312.96M | $420.61M | $373.32M |
| Long-term Debt | - | $1.73B | - | - | - | $1.46B | - | - | - | $950.00M |
| Total Liabilities | $3.16B | $3.16B | $3.19B | $3.22B | $2.98B | $2.95B | $2.88B | $2.93B | $2.64B | $2.60B |
| Stockholders' Equity | ($104.16M) | ($63.85M) | ($39.17M) | $46.67M | $142.84M | $222.85M | $323.55M | $415.52M | $500.64M | $609.56M |
| Retained Earnings | ($749.42M) | ($708.58M) | ($675.50M) | ($584.89M) | ($477.52M) | ($376.35M) | ($284.61M) | ($174.29M) | ($94.52M) | $17.14M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $14.83M | - | - | - | $36.35M | - | - | - | $19.22M | - |
| Investing Cash Flow | ($21.24M) | - | - | - | ($33.09M) | - | - | - | $50.95M | - |
| Financing Cash Flow | ($14.65M) | - | - | - | ($57.02M) | - | - | - | ($23.55M) | - |
| CapEx | $46.24M | - | - | - | $58.09M | - | - | - | $40.88M | - |
| Free Cash Flow | ($31.41M) | - | - | - | ($21.74M) | - | - | - | ($21.66M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.79 | - | - | - | 0.42 | - | - | - | 0.33 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -1.3% | - | -1.3% | -1.8% | -1.7% | - | -2.0% | -1.0% | -2.1% | - |
| Return on equity | 38.0% | - | 106.1% | -123.9% | -36.4% | - | -19.5% | -7.8% | -13.0% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.90 | 2.04 | 2.02 | 2.31 | 1.49 | 1.90 | 2.03 | 2.20 | 1.12 | 1.38 |
| Quick ratio | 1.90 | 2.04 | 2.02 | 2.31 | 1.49 | 1.90 | 2.03 | 2.20 | 1.12 | 1.38 |
| Cash ratio | 0.62 | 0.67 | 0.62 | 0.88 | 0.54 | 0.78 | 0.99 | 1.23 | 0.28 | 0.20 |
| Leverage | ||||||||||
| Debt / Equity | - | -27.10 | - | - | - | 6.53 | - | - | - | 1.56 |
| Debt / Assets | - | 0.56 | - | - | - | 0.46 | - | - | - | 0.30 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | -2.6x | - |
| Equity multiplier | -29.34 | -48.55 | -80.37 | 70.08 | 21.85 | 14.24 | 9.90 | 8.05 | 6.28 | 5.27 |
| Liabilities / Assets | 1.03 | 1.02 | 1.01 | 0.99 | 0.95 | 0.93 | 0.90 | 0.88 | 0.84 | 0.81 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 102d | - | 79d | 131d | 148d | - | 120d | 90d | 99d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | 49.2x | 20.5x | - | 11.1x | 6.5x | 6.2x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | 18.7x | - | 39.7x | 47.5x | 77.5x | - | 118.7x | 85.4x | 259.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 66.5% | - | 68.7% | 33.3% | - | - | -14.4% | -36.2% | - | - |
| Net income growth (YoY) | 24.0% | - | 34.2% | -78.8% | - | - | -11.3% | - | - | - |
| EPS growth (YoY) | 23.9% | - | 34.6% | -77.9% | - | - | -10.8% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -44.5% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | -88.8% | - | -63.4% | -26.8% | -22.9% | - | - |
Peer comparison
Same SIC group: Communications Services, NEC
Comparing COGENT COMMUNICATIONS HOLDINGS against the 5 most active filers in the same SIC group.
Dividends
$1.07/share trailing 12 months · -73.1% YoY
| Ex-date | Per share |
|---|---|
| May 18, 2026 | $0.0200 |
| Mar 6, 2026 | $0.0200 |
| Nov 21, 2025 | $0.0200 |
| Aug 21, 2025 | $1.0150 |
| May 22, 2025 | $1.0100 |
| Mar 13, 2025 | $1.0050 |
| Nov 22, 2024 | $0.9950 |
| Aug 22, 2024 | $0.9850 |
| May 22, 2024 | $0.9750 |
| Mar 14, 2024 | $0.9650 |
| Nov 22, 2023 | $0.9550 |
| Aug 23, 2023 | $0.9450 |
| May 17, 2023 | $0.9350 |
| Mar 9, 2023 | $0.9250 |
| Nov 17, 2022 | $0.9150 |
| Aug 17, 2022 | $0.9050 |
| May 12, 2022 | $0.8800 |
| Mar 8, 2022 | $0.8550 |
| Nov 18, 2021 | $0.8300 |
| Aug 19, 2021 | $0.8050 |
| May 13, 2021 | $0.7800 |
| Mar 11, 2021 | $0.7550 |
| Nov 19, 2020 | $0.7300 |
| Aug 20, 2020 | $0.7050 |