Cogent Communications Holdings, Inc.
NASDAQ•CCOI
CEO: Mr. David Schaeffer Ph.D.
Sector: Communication Services
Industry: Telecommunications Services
Listing Date: 2002-02-05
Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Oceania, South America, and Africa. The company offers on-net Internet access and private network services to law firms, financial services firms, and advertising and marketing firms, as well as heath care providers, educational institutions and other professional services businesses, other Internet service providers, telephone companies, cable television companies, web hosting companies, media service providers, mobile phone operators, content delivery network companies, and commercial content and application service providers. It also provides Internet access and private network services to customers that are not located in buildings directly connected to its network; and on-net services to customers located in buildings that are physically connected to its network. In addition, the company offers off-net services to corporate customers using other carriers' circuits to provide the last mile portion of the link from the customers' premises to the network. Further, it operates data centers that allow its customers to collocate their equipment and access the network. It serves primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.
Contact Information
Market Cap
$1.12B
P/E (TTM)
-5.7
11.2
Dividend Yield
13.1%
52W High
$84.06
52W Low
$15.96
52W Range
Rank37Top 34.1%
4.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$222.75M-13.40%
4-Quarter Trend
EPS
-$0.87-34.59%
4-Quarter Trend
FCF
-$33.15M-58.29%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Service Revenue Declines Quarterly service revenue fell 5.9% to $241.9M, impacted by low-margin customer cancellations post-acquisition.
Net Loss Significantly Narrows Quarterly net loss improved substantially to $(41.5)M compared to $(63.1)M loss reported last year.
Wavelength Revenue Surges Wavelength revenue showed strong growth, increasing 92.5% in the quarter to $10.2M compared to prior year.
Network Footprint Expands Total on-net buildings increased slightly to 3,537 connections as of September 30, 2025, reflecting expansion efforts.
Risk Factors
Net-Centric Pricing Pressure Average Price per Megabit fell 31.0% in Q3, reflecting commodity nature and pricing competition in market segment.
Interest Expense Rises Quarterly interest expense increased 61.4% to $43.4M, driven by recent debt issuances including $600.0M 2032 Notes.
Enterprise Connections Decline Enterprise customer connections fell 33.0% to 11,013 connections, due to low-margin customer cancellations post-acquisition.
Stockholders' Equity Negative Total stockholders' equity ended period at $(39.2)M deficit, a material decline from $222.8M positive balance last year.
Outlook
Data Center Sale Progress Entered LOI for potential $144.0M cash sale of two acquired data center facilities, subject to due diligence completion.
Buyback Program Increased Board approved $100.0M increase to Buyback Program through December 31, 2026; quarterly dividend maintained at $0.02.
Focus on Core Services Strategy centers on growing corporate base and expanding enterprise offerings while terminating non-core services.
On-Net Building Expansion Expect disciplined network expansion to continue, anticipating adding similar number of on-net buildings next several years.
Peer Comparison
Revenue (TTM)
CHTR$55.10B
KT$19.90B
TLK$9.06B
Gross Margin (Latest Quarter)
ATEX100.0%
CABO74.5%
KT71.1%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| CHTR | $27.49B | 5.4 | 32.3% | 62.6% |
| TLK | $21.61B | 16.0 | 15.6% | 26.6% |
| TIMB | $9.87B | 13.5 | 15.9% | 28.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-4.1%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Feb 26, 2026
EPS:-$1.09
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 6, 2025|Revenue: $222.75M-13.4%|EPS: $-0.87-34.6%MeetForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 7, 2025|Revenue: $246.25M-5.5%|EPS: $-1.21+77.9%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 8, 2025|Revenue: $247.05M-7.2%|EPS: $-1.09-21.0%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 28, 2025|Revenue: $1.04B+10.1%|EPS: $-4.28-115.9%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 7, 2024|Revenue: $257.20M-6.6%|EPS: $-1.33+10.8%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 8, 2024|Revenue: $260.44M+8.6%|EPS: $-0.68-102.9%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 9, 2024|Revenue: $266.17M+73.3%|EPS: $-1.38-1161.5%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 29, 2024|Revenue: $940.92M+56.9%|EPS: $26.88+24336.4%Beat