Saturday 17 October 2026 Export CCOI’s income statement to Excel — free account

Cogent Communications Holdings, Inc.

CCOI Communication Services Telecom Services

Cogent Communications Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $975.8 million, down 5.82% from fiscal 2024. In the quarter to June 2026, revenue fell 4.34%, EPS grew 214.9%, free cash flow grew 288.4% and total debt was flat, each against the same quarter a year earlier.

8.07 0.28 −3.35%

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Market cap: $427.7M
P/E: 0.0×
Fwd P/E: −4.7×
Dividend yield: 0.99%
F-score: 4/9
Altman Z: 0.17
Beneish M: −2.99
Dividend safety: 0/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.00

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	4	—	—	4	—	2	2	—	—	2	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 427.66

Revenue 957.22

Net Income (45.23)

Free Cash Flow 81.24

Net Debt 1,935.54

Current Ratio 0.63

Debt/Equity (67.54)

P/E ratio 0.00

Fwd P/E (4.65)

P/S ratio 0.40

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 70.08%

Next Y EPS Growth (152.90%)

Next Y revenue growth (3.22%)

Next 5Y EPS Growth 14.95%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.26%

10-year low 10-year high

EV/Sales against its own 10 years 0.26%

10-year low 10-year high

EV/FCF against its own 10 years 0.35%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.08

Annual Dividend Yield 0.99%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.08	0.02 0.02 0.02
2025	3.05	1.01 1.01 1.02 0.02
2024	3.92	0.97 0.98 0.99 1.00
2023	3.76	0.93 0.94 0.95 0.96
2022	4.41	0.86 0.86 0.88 0.91 0.92
2021	3.17	0.76 0.78 0.81 0.83
2020	2.78	0.66 0.68 0.71 0.73
2019	2.44	0.58 0.60 0.62 0.64
2018	2.12	0.50 0.52 0.54 0.56
2017	1.80	0.42 0.44 0.46 0.48
2016	1.51	0.36 0.37 0.38 0.40

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	114	228	205	370
Receivables	135	97	88	86
Inventory	—	—	—	—
Other	184	83	90	85
	514	482	451	606

	2023	2024	2025	Q'26
Payables	48	40	31	36
ST’ Debt	—	—	—	746
Other	72	1	—	—
	373	253	221	960

Compound Annual Growth %

	10y	5y	3y
Sales	9.21%	11.43%	17.62%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	239	236	—	—	—
’25	247	246	242	241	976
’24	266	260	257	252	1,036
’23	154	240	275	272	941
’22	149	148	150	152	600
’21	147	148	148	147	590
’20	141	141	142	144	568

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	15	3	—	—	—
’25	36	(44)	3	(6)	(11)
’24	19	(22)	(20)	15	(9)
’23	36	83	(52)	(49)	17
’22	49	34	54	36	174
’21	47	40	47	36	170
’20	28	41	33	38	140

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(31)	189	—	—	—
’25	(22)	(100)	(33)	(43)	(198)
’24	(22)	(71)	(79)	(32)	(204)
’23	13	45	(78)	(92)	(112)
’22	31	17	30	17	95
’21	32	23	25	21	100
’20	16	27	20	22	84

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.83)	1.38	—	—	—
’25	(1.09)	(1.21)	(0.87)	(0.64)	(3.80)
’24	(1.38)	(0.68)	(1.33)	(0.91)	(4.28)
’23	0.13	23.65	(1.20)	4.17	26.62
’22	0.02	0.24	(0.17)	0.02	0.11
’21	0.41	(0.05)	0.28	0.39	1.03
’20	0.20	0.18	(0.11)	(0.14)	0.13

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	29.65	37.85	35.75	43.96	53.20	56.38	46.75	56.66	50.80	15.96	Analyst estimates 2026–2028 Powerpack
	High	43.61	54.85	57.65	66.67	92.96	80.50	74.08	76.69	86.76	84.06
People
People	Employees	897	928	978	686	1,083	1,001	1,076	1,947	1,916	1,833
	Revenue/emp, $m	0.50	0.52	0.53	0.80	0.52	0.59	0.56	0.48	0.54	0.53
Income, $m
Income, $m	Revenue	447	485	520	546	568	590	600	941	1,036	976
	Gross margin, %	56.58	56.87	57.80	59.76	61.42	61.62	61.95	42.16	38.05	45.18
	EBT	24	31	41	53	10	71	26	1,219	(260)	(245)
	EBT margin, %	5.43	6.41	7.96	9.64	1.82	12.11	4.40	129.60	(25.06)	(25.10)
	Net income	15	6	29	38	6	48	5	1,273	(204)	(182)
	Depreciation	76	77	83	82	85	91	94	205	277	258
Per share, $
Per share, $	Revenue	10.01	10.82	11.49	11.99	12.36	12.71	12.79	19.86	21.75	20.36
	Earnings	0.33	0.13	0.63	0.82	0.14	1.04	0.11	26.88	(4.28)	(3.80)
	Cash flow	2.42	2.49	2.96	3.27	3.05	3.67	3.71	0.37	(0.18)	(0.22)
	Capex	(1.01)	(1.02)	(1.10)	(1.03)	(1.22)	(1.51)	(1.68)	(2.74)	(4.09)	(3.91)
	Free cash flow	1.41	1.47	1.85	2.24	1.84	2.16	2.02	(2.37)	(4.28)	(4.13)
	Book value	(1.19)	(2.29)	(3.29)	(4.47)	(6.38)	(8.04)	(11.06)	12.87	4.68	(1.33)
	Shares, m	45	45	45	46	46	46	47	47	48	48
Valuation, ×
Valuation, ×	P/E	123.09	343.46	70.64	80.26	427.64	69.70	524.91	2.83	0.00	0.00
	P/S	4.18	4.13	3.94	5.49	4.84	5.76	4.51	3.85	3.54	1.06
	P/B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.94	16.47	0.00
	EV/Sales	5.13	5.10	4.94	6.50	6.09	7.10	6.16	5.32	5.34	3.35
	EV/FCF	36.53	37.55	30.57	34.86	41.00	41.75	38.96	(44.59)	(27.16)	(16.51)
Cash, $m
Cash, $m	Operating cash flow	108	112	134	149	140	170	174	17	(9)	(11)
	Capex	(45)	(46)	(50)	(47)	(56)	(70)	(79)	(130)	(195)	(188)
	Free cash flow	63	66	84	102	84	100	95	(112)	(204)	(198)
Balance, $m
Balance, $m	Working capital	260	232	275	386	362	329	246	140	229	230
	Total debt	698	719	796	953	1,080	1,121	1,231	1,366	1,957	2,311
	Net debt	423	472	520	554	709	792	955	1,252	1,729	2,106
	Shareholders’ equity	(53)	(103)	(149)	(204)	(293)	(373)	(519)	610	223	(64)
Returns, %
Returns, %	ROA	2.13	0.81	3.95	4.49	0.64	4.85	0.52	60.33	(6.39)	(5.81)
	ROIC	10.81	12.85	14.57	17.90	16.09	17.77	16.31	(4.34)	(6.33)	(3.09)
	ROE	(45.57)	(7.54)	(22.79)	(21.28)	(2.50)	(14.46)	(1.15)	2,801.11	(49.03)	(229.15)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SIFY Sify Technologies Limited	$851.1M	— (loss-making)	728×	+4.36% (above 0%: growing)	n/m	+32.06% (above 0%: growing)	39.59%	9.03%	Compare
GLIBK GCI Liberty, Inc. - Series C GCI Group	$822.1M	— (loss-making)	—	0.00%	−57.45% (below 0%: shrinking)	−77.36% (below 0%: shrinking)	47.51%	11.11%	Compare
GLIBA Liberty Capital Corporation	$818.6M	— (loss-making)	6.5×	0.00%	−57.45% (below 0%: shrinking)	−77.36% (below 0%: shrinking)	47.51%	11.11%	Compare
SHEN Shenandoah Telecommunications Co	$566.4M	— (loss-making)	— (loss-making)	+5.53% (above 0%: growing)	n/m	+30.29% (above 0%: growing)	65.01%	(1.09%)	Compare
CCOI Cogent Communications Holdings, Inc.	$427.7M	— (loss-making)	— (loss-making)	−4.34% (below 0%: shrinking)	n/m	+288.37% (above 0%: growing)	46.93%	50.49%
ATNI ATN International, Inc.	$398.3M	2.5×	41.5×	+1.77% (above 0%: growing)	n/m	+71.51% (above 0%: growing)	56.94%	129.93%	Compare
OPTU Optimum Communications, Inc.	$365.5M	— (loss-making)	— (loss-making)	−5.75% (below 0%: shrinking)	n/m	−359.11% (below 0%: shrinking)	70.96%	8.21%	Compare
GOGO Gogo Inc.	$304.9M	2,130×	11.7×	−1.43% (below 0%: shrinking)	n/m	−34.40% (below 0%: shrinking)	42.01%	13.31%	Compare
CXDO Crexendo Inc.	$188.5M	39.1×	43.0×	+48.90% (above 0%: growing)	−25.00% (below 0%: shrinking)	+115.43% (above 0%: growing)	65.69%	4.28%	Compare
Median of peers	$482.4M	39.1×	41.5×	+0.89%	−57.45%	−2.05%	52.23%	10.07%

All 55 Telecom Services stocks →

Cogent Communications Holdings, Inc. (CCOI) key facts

Concern: Cogent Communications Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $975.8 million, down 5.82% from fiscal 2024.
Concern: Cogent Communications Holdings, Inc. reported a net loss of $182.2 million, or a loss of $3.80 per share, for fiscal 2025.
Cogent Communications Holdings, Inc. (CCOI) is a Telecom Services company in the Communication Services sector, listed on Nasdaq.
As of October 16, 2026, CCOI traded at $8.07, a market capitalization of $427.7 million.
Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.4× sales.
Cogent Communications Holdings, Inc. pays an annual dividend of $0.08 per share, a yield of 0.99%.
Return on equity was −229.2% and debt-to-equity -67.54.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 0.17 (distress zone) for fiscal 2025.