Cogent Communications Holdings, Inc. (CCOI) Financial Statements
Industry: Communications Services (Other)
In fiscal 2025, Cogent Communications reported revenue of $975.8M, down 5.8% from $1.04B the year before. Net income was -$182.2M (a -18.7% net margin), or -$3.80 per diluted share. Gross margin was 45.2% and operating margin was -10.4%. Operating activities generated -$10.6M of cash, leaving -$198.1M of free cash flow. At fiscal year end, Cogent Communications held $3.10B in total assets against $3.16B in total liabilities, including $148.5M of cash and equivalents.
Open the full interactive Cogent Communications financials → Quarterly statements, key ratios, valuation history and price charts.
Cogent Communications Key Stats
| Share Price | $8.57 |
|---|---|
| Market Cap | $415.0M |
| Dividend Yield | 13.24% |
| Revenue YoY Growth | -5.8% |
| 52-Week Range | $7.34 – $44.86 |
| Shares Outstanding | 47.9 million (basic, 2026 Q2) |
Cogent Communications Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $568.1M | $589.8M | $599.6M | $940.9M | $1.04B | $975.8M |
| Cost of Goods Sold | $219.2M | $226.3M | $228.2M | $544.2M | $641.8M | $535.0M |
| Gross Profit | $348.9M | $363.5M | $371.4M | $396.7M | $394.3M | $440.8M |
| Operating Income | $106.9M | $119.2M | $114.0M | -$129.3M | -$197.6M | -$101.1M |
| Pre-Tax Income | $10.3M | $71.4M | $26.4M | $1.22B | -$259.6M | -$245.0M |
| Income Tax | $4.1M | $23.2M | $21.2M | -$54.0M | -$55.6M | -$62.8M |
| Net Income | $6.2M | $48.2M | $5.1M | $1.27B | -$204.1M | -$182.2M |
| Diluted EPS | $0.13 | $1.03 | $0.11 | $26.62 | -$4.28 | -$3.80 |
Cogent Communications Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $241.9M | $240.5M | $239.2M | $235.6M |
| Net Income | -$41.5M | -$30.8M | -$39.5M | $66.6M |
| Diluted EPS | -$0.87 | -$0.64 | -$0.83 | $1.38 |
Cogent Communications Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $371.3M | $319.6M | $223.8M | $75.1M | $198.5M | $148.5M |
| Current Assets | $456.3M | $409.6M | $365.9M | $513.6M | $482.1M | $450.6M |
| Total Assets | $1.00B | $984.6M | $1.01B | $3.21B | $3.17B | $3.10B |
| Current Liabilities | $94.4M | $81.0M | $120.3M | $373.3M | $253.3M | $220.8M |
| Total Long-Term Debt | $882.0M | $897.8M | $950.0M | $950.0M | $1.46B | $1.73B |
| Total Liabilities | $1.29B | $1.36B | $1.53B | $2.60B | $2.95B | $3.16B |
| Shareholders' Equity | -$293.2M | -$373.1M | -$518.6M | $609.6M | $222.8M | -$63.8M |
Cogent Communications Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $140.3M | $170.3M | $173.7M | $17.3M | -$8.6M | -$10.6M |
| Cash From Investing | -$56.0M | -$69.9M | -$79.0M | $76.7M | $21.5M | -$87.6M |
| Cash From Financing | -$116.0M | -$140.8M | -$144.8M | -$257.9M | $105.9M | $62.9M |
| Free Cash Flow | $84.4M | $100.3M | $94.7M | -$112.3M | -$203.6M | -$198.1M |
| Dividends Paid | $129.4M | $150.3M | $169.9M | $181.7M | $189.4M | $150.1M |
Figures from Cogent Communications' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Cogent Communications financials page for every line item.
Cogent Communications Company Profile
| Ticker | CCOI |
|---|---|
| Exchange | Nasdaq |
| Industry | Communications Services (Other) |
| Headquarters | Washington, District of Columbia |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001158324 |
Frequently Asked Questions
What was Cogent Communications' revenue in fiscal 2025?
Cogent Communications (CCOI) reported revenue of $975.8M for fiscal 2025.
What is Cogent Communications' annual revenue history?
Cogent Communications' annual revenue by fiscal year: 2020: $568.1M; 2021: $589.8M; 2022: $599.6M; 2023: $940.9M; 2024: $1.04B; 2025: $975.8M.
What was Cogent Communications' net income in fiscal 2025?
Cogent Communications reported net income of -$182.2M for fiscal 2025.
What was Cogent Communications' earnings per share (EPS) in fiscal 2025?
Cogent Communications' diluted EPS was -$3.80 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Cogent Communications generate in fiscal 2025?
Cogent Communications generated -$198.1M of free cash flow in fiscal 2025.
What was Cogent Communications' revenue last quarter?
In its most recent reported quarter (2026 Q2), Cogent Communications reported revenue of $235.6M.
How much debt does Cogent Communications have?
Cogent Communications reported $1.73B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Cogent Communications are outstanding?
Cogent Communications reported a weighted average of 47.9 million basic shares outstanding in 2026 Q2.
What is Cogent Communications' market cap?
Based on its latest closing price, Cogent Communications (CCOI) has a market capitalization of about $415.0M.
When does Cogent Communications' fiscal year end?
Cogent Communications' fiscal year end, as registered with the SEC, is December 31.
Where is Cogent Communications headquartered?
Cogent Communications lists its business address in Washington, District of Columbia in its SEC filings.