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Cogent Communications Holdings

CCOI

Cogent Communications is a facilities-based provider of high-speed Internet access, private network services, and data center colocation.

Market cap
$611.95M-73.6%
Revenue$967.9M-4.8%
Net income-$169.7M+11.1%
Free cash flow-$207.8M-2.0%
EPS (diluted)-$3.54+11.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$239.7M
EPS estimate-$0.97

Financials

Q1 2026

Income statement

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Revenue$239.2M-3.2%
Gross profit$110.0M+0.3%
Operating income-$13.5M+66.5%
Net income-$39.5M+24.0%
EPS (diluted)-$0.83+23.9%

Balance sheet

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Cash & equivalents$140.3M-8.8%
Total debt$970.3M+2.7%
Total equity-$104.2M-173%
Total assets$3.1B-2.1%

Cash flow

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Operating cash flow$14.8M-59.2%
CapEx$46.2M-20.4%
Free cash flow-$31.4M-44.5%

Valuation & ratios

Valuation

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Market cap$611.95M-73.6%
Enterprise value$1.44B-53.6%
P/S0.6×-1.7×

Profitability

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Gross margin45.6%+5.6pp
Operating margin-7.7%-2.8pp
Net margin-17.5%-1.1pp
FCF margin-21.5%+1.7pp

Returns & leverage

See full
Current ratio1.9×+0.4×

Segments

By geography

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North America$198.1M-5.6%
Europe$31.4M+8.4%
Oceania$6.8M+13.9%
South America$2.6M+31.2%
Africa$201.0K+45.7%

By product

See full
On Net Services$135.6M
Off Net Services$89.0M
Wavelength Services$13.6M+90.8%
Non Core Services$1.0M-66.6%

Competitors

Profile

Cogent Communications is a facilities-based provider of high-speed Internet access, private network services, and data center colocation. The company operates a global, packet-routed network optimized for data transmission, serving bandwidth-intensive organizations across 57 countries. Its core value proposition centers on being a low-cost operator by leveraging network design efficiencies and high-capacity fiber infrastructure.

Competitive position

A leading low-cost provider focused on high-volume data transmission and network efficiency through a facilities-based global backbone.

GeographiesNorth America, Europe, South America, Asia, Oceania, Africa
Customer segmentsEnterprise, Net-centric, Small and Medium Businesses, Wholesale Carriers
Business modelInfrastructure-as-a-Service, Subscription-based connectivity, Asset leasing
SuppliersFiber optic equipment manufacturers, Wavelength Division Multiplexing (WDM) vendors, Third-party 'last mile' local loop providers, Real estate owners for data center space
CustomersOver-the-top (OTT) media providers, Web hosting companies, Application software providers, Mobile network operators
Listed2002
Employees2.0K
CEODavid Schaeffer
FilingsSEC EDGAR

Questions, answered.

What is Cogent Communications Holdings's market cap?
Cogent Communications Holdings (CCOI) has a market capitalization of $611.9M and trades on NASDAQ.
What is Cogent Communications Holdings's revenue and profitability?
Cogent Communications Holdings generated $967.9M in trailing twelve-month revenue with a net loss of $169.7M, representing a net margin of -17.5%. Gross margin stands at 45.6%, with free cash flow of -$207.8M. These figures are based on the Q1 2026 filing.
Who are Cogent Communications Holdings's competitors?
Cogent Communications Holdings's key competitors include Lumen Technologies, Inc., AT&T Inc., Verizon Communications Inc., and others. These companies compete in similar markets and product categories.
Who does Cogent Communications Holdings partner with?
Cogent Communications Holdings's notable partners include T-Mobile US, Inc..
What subsidiaries does Cogent Communications Holdings have?
Cogent Communications Holdings's subsidiaries include Cogent Infrastructure, LLC, Cogent Communications Group, LLC, Cogent IPv4 LLC.
Where is Cogent Communications Holdings headquartered?
Cogent Communications Holdings is headquartered in United States of America and employs approximately 1,955 people. It has been publicly traded since 2002.