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Financials · CCOI

Cogent Communications Holdings Inc. (CCOI) financials

For the twelve months ended Sep 30, 2026, Cogent Communications Holdings Inc. reported $946.47M of revenue and -$33.45M of net income.

Revenue, TTM
$946.47M
Revenue growth, YoY
-4.2%
Net income, TTM
-$33.45M
Net margin
-3.5%
Free cash flow, TTM
-$142.29M
EPS, diluted, TTM
-$0.70
Cash
$166.85M
P/S
0.24
Market cap
$227.9M
Annual revenue$975.77M
FY2016FY2025
Annual net income-$182.17M
FY2016FY2025
Annual free cash flow-$198.15M
FY2016FY2025

CCOI revenue and earnings growth

CCOI revenueQ3 2026$231.20M

Quarter YoY
-4.4%
QoQ
-1.8%
FY YoY
-5.8%
5Y CAGR
+11.4%
10Y CAGR
+9.2%

CCOI revenue was $231.20M in fiscal Q3 2026 (ended Sep 30, 2026), down 4.4% from a year earlier and down 1.8% from the prior quarter. For the full fiscal 2025 it was $975.77M, down 5.8% from fiscal 2024. Compound annual growth was +11.4% over 5 years and +9.2% over 10 years. It rose in 9 of the last 10 fiscal years.

CCOI net incomeQ3 2026-$29.77M

CCOI net income was -$29.77M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$41.54M a year earlier. For the full fiscal 2025 it was -$182.17M, compared with -$204.07M in fiscal 2024.

CCOI EPSQ3 2026-$0.62

CCOI diluted EPS was -$0.62 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.87 a year earlier. For the full fiscal 2025 it was -$3.80, compared with -$4.28 in fiscal 2024.

CCOI free cash flowQ3 2026-$32.52M

CCOI free cash flow was -$32.52M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$33.15M a year earlier. For the full fiscal 2025 it was -$198.15M, compared with -$203.64M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$975.77M$1.04B$940.92M$599.60M$589.80M$568.10M$546.16M$520.19M$485.18M$446.90M
Cost of revenue$534.96M$641.84M$544.23M$228.15M$226.34M$219.16M$219.80M$219.53M$209.28M$194.07M
Gross profit$440.80M$394.27M$396.69M$371.45M$363.46M$348.95M$326.36M$300.67M$275.90M$252.83M
Selling, general and admin$274.44M$275.78M$275.32M$163.02M$162.38M$158.48M$146.91M$133.86M$127.92M$120.71M
Operating income-$101.07M-$197.61M-$129.33M$113.96M$119.23M$106.92M$100.26M$86.56M$75.92M$64.04M
Interest expense-$123.32M$93.34M$110.70M$58.06M$62.49M$57.45M$51.06M$48.47M$40.80M
Pre-tax income-$244.97M-$259.65M$1.22B$26.38M$71.42M$10.31M$52.67M$41.38M$31.12M$24.26M
Income tax-$62.79M-$55.58M-$53.96M$21.23M$23.23M$4.10M$15.15M$12.71M$25.24M$9.33M
Net income-$182.17M-$204.07M$1.27B$5.15M$48.19M$6.22M$37.52M$28.67M$5.88M$14.93M
EPS, basic-$3.80-$4.28$26.88$0.11$1.04$0.14$0.82$0.63$0.13$0.33
EPS, diluted-$3.80-$4.28$26.62$0.11$1.03$0.13$0.81$0.63$0.13$0.33
Diluted shares47.9M47.6M47.8M47.2M47.0M46.7M46.1M45.8M45.2M44.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$148.51M$227.92M$113.78M$275.91M$328.62M$371.30M$399.42M$276.09M$247.01M$274.32M
Receivables$88.05M$96.93M$135.47M$44.12M$41.94M$44.19M$40.48M$41.71M$39.10M$33.60M
Current assets$450.58M$482.10M$513.63M$365.91M$409.58M$456.34M$475.73M$350.34M$306.12M$327.62M
Total assets$3.10B$3.17B$3.21B$1.01B$984.56M$1.00B$932.12M$739.85M$710.59M$737.89M
Current liabilities$220.84M$253.34M$373.32M$120.28M$81.01M$94.44M$89.69M$75.31M$74.53M$67.91M
Total debt$1.73B$1.46B$950.00M$950.00M$897.80M$881.98M$798.12M$645.46M$574.97M$569.75M
Total liabilities$3.16B$2.95B$2.60B$1.53B$1.36B$1.29B$1.14B$888.85M$813.13M$791.15M
Shareholders' equity-$63.85M$222.85M$609.56M-$518.63M-$373.10M-$293.17M-$203.68M-$149.00M-$102.54M-$53.25M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$10.58M-$8.64M$17.34M$173.71M$170.26M$140.32M$148.81M$133.92M$111.70M$107.97M
Capital expenditures$187.57M$195.00M$129.63M$78.97M$69.92M$55.95M$46.96M$49.94M$45.80M$45.23M
Free cash flow-$198.15M-$203.64M-$112.29M$94.74M$100.34M$84.37M$101.85M$83.98M$65.90M$62.73M
Investing cash flow-$87.57M$21.49M$76.73M-$78.97M-$69.92M-$55.95M-$46.96M-$49.94M-$45.80M-$45.23M
Financing cash flow$62.90M$105.92M-$257.85M-$144.85M-$140.82M-$116.00M$22.02M-$52.55M-$97.27M$8.34M
Dividends paid$150.06M$189.41M$181.72M$169.86M$150.29M$129.41M$112.65M$97.89M$81.66M$68.21M
Share repurchases$16.69M$7.97M---$4.50M-$6.56M$1.83M$4.49M
Stock-based compensation--------$13.29M$10.73M
Depreciation and amortization$270.18M$298.02M$232.21M$92.22M$89.24M$83.48M$80.25M$81.23M$75.93M$75.23M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-5.8%10.1%56.9%1.7%3.8%4.0%5.0%7.2%8.6%10.6%
Net income growth, YoY--24646.2%-89.3%675.2%-83.4%30.9%387.9%-60.6%204.9%
EPS growth, YoY--24100.0%-89.3%692.3%-84.0%28.6%384.6%-60.6%200.0%
Gross margin45.2%38.1%42.2%61.9%61.6%61.4%59.8%57.8%56.9%56.6%
Operating margin-10.4%-19.1%-13.7%19.0%20.2%18.8%18.4%16.6%15.6%14.3%
Net margin-18.7%-19.7%135.3%0.9%8.2%1.1%6.9%5.5%1.2%3.3%
Free cash flow margin-20.3%-19.7%-11.9%15.8%17.0%14.9%18.6%16.1%13.6%14.0%
Return on equity--91.6%208.9%-------
Return on assets-5.9%-6.4%39.7%0.5%4.9%0.6%4.0%3.9%0.8%2.0%
Current ratio2.041.901.383.045.064.835.304.654.114.82
Debt to equity-6.531.56-------

Source: XBRL data Cogent Communications Holdings Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CCOI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CCOI$946.47M-4.2%-$33.45M-3.5%$227.9M
VZ$139.39B+1.4%$16.42B11.8%$190.90B
TMUS$93.82B+9.3%$11.30B12.0%$178.71B
T$128.85B+3.5%$13.13B10.2%$146.82B
GLW$17.72B+18.8%$2.24B12.6%$99.88B
AMXMXN 943.64B+8.6%MXN 82.82B8.8%$78.39B
LITE$3.74B+103.2%-$6.58B-175.8%$54.07B
CIEN$6.02B+32.6%$654.41M10.9%$38.19B
CHTNT$236.11B+2.7%NT$38.70B16.4%$37.90B

CCOI FAQ

9 questions
  • What is CCOI revenue?
    Cogent Communications Holdings Inc. (CCOI) reported $946.47M of revenue for the twelve months ended Sep 30, 2026. That is down 4.2% from the year before. Revenue for fiscal 2025 was $975.77M.
  • Is CCOI profitable?
    No. Cogent Communications Holdings Inc. reported a net loss of $33.45M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does CCOI have?
    Cogent Communications Holdings Inc. reported $166.85M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is CCOI revenue growing?
    Cogent Communications Holdings Inc.'s revenue changed -5.8% in fiscal 2025, to $975.77M. Its compound annual growth rate was +11.4% over 5 years and +9.2% over 10 years.
  • What is CCOI gross margin?
    Cogent Communications Holdings Inc.'s gross profit was $442.51M on $946.47M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 46.8%.
  • What is CCOI free cash flow?
    Cogent Communications Holdings Inc. generated -$142.29M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $15.82M less capital expenditures.
  • What is CCOI earnings per share?
    Diluted earnings per share were -$0.70 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did CCOI last report financial results?
    The latest statements here come from Cogent Communications Holdings Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this CCOI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Cogent Communications Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.