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MARKETS / NASDAQ / CCOI
NASDAQ · COMMUNICATIONS SERVICES, NEC · LARGE CAP

Cogent Communications Holdings, Inc. CCOI

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$975.8M
▼ 5.8% YoY
$-182.2M
$-198.1M
In brief

What this company does

Cogent Communications Holdings, Inc. is a facilities-based provider of low-cost, high-speed Internet access, private network services, optical wavelength and optical transport services, and data center colocation space and power. It delivers its services to businesses, communications service providers and other bandwidth-intensive organizations in 57 countries across North America, Europe, South America, Asia, Oceania and Africa. As of December 31, 2025, it had 1,833 employees located in 24 different countries. The Company operates through two direct, wholly owned subsidiaries, Cogent Infrastructure and Cogent Communications Group, LLC. Cogent Infrastructure holds the Cogent Fiber Business assets and operations. It is a Delaware corporation headquartered in Washington, DC. On May 1, 2023, Cogent Infrastructure, Inc., a direct wholly owned subsidiary of the Company, closed on its acquisition of the U.S. long-haul fiber network, including its non-U.S. extensions, of Sprint Communications and its Subsidiaries.

Written from the business description in COGENT COMMUNICATIONS HOLDINGS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 20 February 2026. Every sentence was checked against that document before publication.

Growth
USD 975.8M
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.0 · Net income -0.2
0.50B1.00B-0.08B-0.16B200920112013201520172019202120232025
Compound annual growth
+17.6%
+11.4%
+9.2%
+9.1%
−5.0%
+1.9%
+7.6%
−0.6%
+4.7%
+4.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−20 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -11.3% · Net -20.3%
50%100%-10%-20%200920112013201520172019202120232025
ROE
FY2025 · ROE -229.1%
1000%2000%200920112013201520172019202120232025

Each USD of equity lost 229 cents this year.

Cash & shareholders
USD 166.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -198.1
40M80M-80M-160M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 150.1 · Net buybacks 16.5
80M160MDividendsNet buybacks200920122014201620182020202220242025

USD 150.1M in dividends and USD 16.5M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 3.1B
EquityUSD -63.8M
CashUSD 148.5M
Gross debtUSD 1.7B
Net debtUSD 1.6B
Current ratio2.04×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.01.00.90.60.60.60.50.50.50.40.40.40.30.30.30.30.2
Operating income $B−0.1−0.2−0.10.10.10.10.10.10.10.10.10.10.00.00.00.0−0.0
EBITDA $B0.20.10.10.20.20.20.20.20.20.10.10.10.10.10.10.10.1
Income tax $B−0.1−0.1−0.10.00.00.00.00.00.00.00.00.0−0.00.0−0.0−0.0−0.0
Net income $B−0.2−0.21.30.00.00.00.00.00.00.00.00.00.1−0.00.00.0−0.0
Free cash flow $B−0.2−0.2−0.10.10.10.10.10.10.10.10.00.00.00.00.00.00.0
EPS, diluted $−3.80−4.2826.620.111.030.130.810.630.130.330.110.021.21−0.090.170.01−0.39
Dividend / sh $3.053.923.763.563.172.782.442.121.801.511.461.170.760.21···
Payout %−82−93143301312208230034113904571354680362−225···
ROE %−229.1−49.02801.1·······13.70.632.1−2.64.80.5−11.9
Shares out B0.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.05·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCommunications Services, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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