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Cogent Communications Holdings CCOI Q4 2025 Annual earnings

Reported February 20, 2026 · Before market open

Revenue$240.5MMiss by $3.0M
EPS-$0.64Beat by $0.45
Revenue estimate$243.5M
EPS estimate-$1.09

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$240.5M-4.7%
Gross profit$112.2M+15.5%
Operating income-$11.2M+66.3%
Net income-$30.8M+28.9%
EPS (diluted)-$0.63+29.2%

Balance sheet

See full
Cash & equivalents$148.5M-25.2%
Total debt$973.8M+6.0%
Total equity-$63.8M-129%
Total assets$3.1B-2.3%

Cash flow

See full
Operating cash flow-$6.0M—
CapEx$37.0M-19.7%
Free cash flow-$43.0M-36.3%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$1.06B-72.0%
Enterprise value$1.88B-58.1%
P/S1.1×-2.6×

Profitability

See full
Gross margin45.2%+7.1pp
Operating margin-10.4%-3.2pp
Net margin-18.7%-0.9pp
FCF margin-20.3%+0.7pp

Returns & leverage

See full
Current ratio2×+0.1×

Segments

By geography

See full
North America$200.0M-7.0%
Europe$31.5M+7.7%
Oceania$6.5M+8.3%
South America$2.4M+26.3%
Africa$144.0K+2.1%

By product

See full
On Net Services$134.3M+4.3%
Off Net Services$92.9M-17.9%
Wavelength Services$12.1M+73.7%
Non Core Services$1.2M-63.5%

Versus estimates

Revenue

Q1 2026$239.2MMiss by $2.1M
Q4 2025$240.5MMiss by $3.0M
Q3 2025$222.7MMiss by $21.1MQ2 2025$246.2MMiss by $554.9KQ1 2025$247.0MMiss by $6.0MQ4 2024$252.3MMiss by $8.6M

Diluted EPS

Q1 2026-$0.83Beat by $0.20
Q4 2025-$0.64Beat by $0.45
Q3 2025-$0.87Beat by $0.28Q2 2025-$1.21Miss by $0.28Q1 2025-$1.09Miss by $0.04Q4 2024-$0.91Beat by $0.31

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Questions, answered.

When did Cogent Communications Holdings report Q4 2025 earnings?
Cogent Communications Holdings (CCOI) reported Q4 2025 earnings on February 20, 2026 before market open.
What were Cogent Communications Holdings's Q4 2025 revenue and EPS?
Cogent Communications Holdings reported revenue of $240.5M and eps of $-0.64 for Q4 2025.
Did Cogent Communications Holdings beat estimates in Q4 2025?
Revenue missed the consensus estimate of $243.5M by $3.0M. EPS beat the consensus estimate of $-1.09 by $0.45.
How did Cogent Communications Holdings's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 4.7% from $252.3M a year earlier and eps grew 29.7% from $-0.91.
Where can I find Cogent Communications Holdings's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001104659-26-017862) and the 10-K periodic report (0001104659-26-017968) directly on SEC EDGAR. The filing index links above go to sec.gov.