What is Cogent Communications Hldgs In's earnings per share (EPS)?

Cogent Communications Hldgs In (CCOI) reported diluted earnings per share of -$3.80 for fiscal year 2025. This represents a 11.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Cogent Communications Hldgs In Financials

CCOI

FY2025 annual

Revenue $975.8M -5.8% YoY

Net Income -$182.2M +10.7% YoY

EPS (Diluted) -$3.80 +11.2% YoY

Free Cash Flow -$198.1M +2.7% YoY

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Cogent Communications Hldgs In (CCOI) reported $975.8M in revenue for fiscal year 2025, down 5.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CCOI FY2025 2026-05-04

Higher revenue is no longer translating into proportional gross profit, leaving an asset-heavy model dependent on debt and capital spending.

Revenue reached $976M in FY2025, but gross profit was only $441M; compared with FY2022, that says much of the newer sales base carries a lower contribution per dollar than the legacy business. Gross margin fell from 61.9% to 45.2% across FY2022-FY2025, and free cash flow still trailed the EBITDA rebound, implying a cost and capital reset in how sales turn into cash.

The balance sheet is split between comfortable short-term liquidity and a thin long-term cushion: FY2025 current ratio was 2.0x, but liabilities exceeded assets by about $64M. That means near-term bills look manageable even while the capital structure leaves little equity buffer.

FY2025 paid $150M of dividends while operating cash flow was -$11M, so shareholder payouts were funded by the balance sheet rather than by internally generated cash. Rising long-term debt and positive financing cash flow make that financing posture visible even without a full interest-expense figure.

Financial Health Signals

Financial Health Score 25/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Cogent Communications Hldgs In's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Cogent Communications Hldgs In has an operating margin of -10.4%, meaning the company loses $10 on every $100 of revenue. This results in a profitability score of 15/100. This is up from -19.1% the prior year.

Growth

Cogent Communications Hldgs In's revenue declined 5.8% year-over-year, from $1.0B to $975.8M. This contraction results in a growth score of 38/100.

Leverage

Liquidity

Cogent Communications Hldgs In's current ratio of 2.04 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Cogent Communications Hldgs In's operations used $10.6M of cash, and capex of $187.6M added to the outflow, for a free cash flow shortfall of $198.1M. This results in a cash flow score of 13/100.

Returns

Altman Z-Score Distress

0.07

Cogent Communications Hldgs In scores 0.07, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($506.0M) relative to total liabilities ($3.2B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

4/9

Cogent Communications Hldgs In passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Cogent Communications Hldgs In reported a net loss of $182.2M while operations used $10.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$975.8M

YoY-5.8%

5Y CAGR+11.4%

10Y CAGR+9.2%

Cogent Communications Hldgs In generated $975.8M in revenue in fiscal year 2025. This represents a decrease of 5.8% from the prior year.

EBITDA

$169.1M

YoY+68.4%

5Y CAGR-2.3%

10Y CAGR+3.2%

Cogent Communications Hldgs In's EBITDA was $169.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 68.4% from the prior year.

Net Income

-$182.2M

YoY+10.7%

Cogent Communications Hldgs In reported -$182.2M in net income in fiscal year 2025. This represents an increase of 10.7% from the prior year.

EPS (Diluted)

-$3.80

YoY+11.2%

Cogent Communications Hldgs In earned -$3.80 per diluted share (EPS) in fiscal year 2025. This represents an increase of 11.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$198.1M

YoY+2.7%

Cogent Communications Hldgs In recorded an outflow of $198.1M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 2.7% from the prior year.

Cash & Debt

$148.5M

YoY-25.2%

5Y CAGR-16.7%

10Y CAGR-3.1%

Cogent Communications Hldgs In held $148.5M in cash against $1.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$3.05

YoY-22.2%

5Y CAGR+1.9%

10Y CAGR+7.6%

Cogent Communications Hldgs In paid $3.05 per share in dividends in fiscal year 2025. This represents a decrease of 22.2% from the prior year.

Shares Outstanding

50M

YoY+1.5%

5Y CAGR+1.2%

10Y CAGR+1.0%

Cogent Communications Hldgs In had 50M shares outstanding in fiscal year 2025. This represents an increase of 1.5% from the prior year.

Margins & Returns

Gross Margin

45.2%

YoY+7.1pp

5Y CAGR-16.2pp

Cogent Communications Hldgs In's gross margin was 45.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 7.1 percentage points from the prior year.

Operating Margin

-10.4%

YoY+8.7pp

5Y CAGR-29.2pp

10Y CAGR-23.5pp

Cogent Communications Hldgs In's operating margin was -10.4% in fiscal year 2025, reflecting core business profitability. This is up 8.7 percentage points from the prior year.

Net Margin

-18.7%

YoY+1.0pp

5Y CAGR-19.8pp

10Y CAGR-19.9pp

Cogent Communications Hldgs In's net profit margin was -18.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.0 percentage points from the prior year.

Return on Equity

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks

$16.7M

YoY+109.4%

Cogent Communications Hldgs In spent $16.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 109.4% from the prior year.

Capital Expenditures

$187.6M

YoY-3.8%

5Y CAGR+27.4%

10Y CAGR+18.1%

Cogent Communications Hldgs In invested $187.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 3.8% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

CCOI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CCOI annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$957.2M	$975.8M-5.8%	$1.0B+10.1%	$940.9M+56.9%	$599.6M+1.7%	$589.8M+3.8%	$568.1M+4.0%	$546.2M+5.0%	$520.2M+7.2%	$485.2M+8.6%	$446.9M+10.6%	$404.2M+6.4%	$380.0M+9.2%	$348.0M+9.8%	$317.0M+3.8%	$305.5M
Cost of Revenue	$514.3M	$535.0M-16.7%	$641.8M+17.9%	$544.2M+138.5%	$228.2M+0.8%	$226.3M+3.3%	$219.2M-0.3%	$219.8M+0.1%	$219.5M+4.9%	$209.3M+7.8%	$194.1M	N/A	N/A	N/A	N/A	N/A
Gross Profit	$443.0M	$440.8M+11.8%	$394.3M-0.6%	$396.7M+6.8%	$371.4M+2.2%	$363.5M+4.2%	$348.9M+6.9%	$326.4M+8.5%	$300.7M+9.0%	$275.9M+9.1%	$252.8M	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$280.1M	$274.4M-0.5%	$275.8M+0.2%	$275.3M+68.9%	$163.0M+0.4%	$162.4M+2.5%	$158.5M+7.9%	$146.9M+9.8%	$133.9M+4.6%	$127.9M+6.0%	$120.7M+6.7%	$113.1M+5.0%	$107.7M+23.4%	$87.2M+9.2%	$79.9M+3.8%	$77.0M
Operating Income	$76.1M	-$101.1M+48.9%	-$197.6M-52.8%	-$129.3M-213.5%	$114.0M-4.4%	$119.2M+11.5%	$106.9M+6.6%	$100.3M+15.8%	$86.6M+14.0%	$75.9M+18.5%	$64.0M+20.8%	$53.0M-1.6%	$53.9M+16.8%	$46.2M+49.0%	$31.0M-15.2%	$36.5M
Interest Expense	N/A	N/A	$123.3M+32.1%	$93.3M-15.7%	$110.7M+90.7%	$58.1M-7.1%	$62.5M+8.8%	$57.5M+12.5%	$51.1M+5.3%	$48.5M+18.8%	$40.8M-1.2%	$41.3M-17.3%	$49.9M+19.5%	$41.8M+15.1%	$36.3M+5.2%	$34.5M
Income Tax	-$22.8M	-$62.8M-13.0%	-$55.6M-3.0%	-$54.0M-354.2%	$21.2M-8.6%	$23.2M+467.3%	$4.1M-73.0%	$15.2M+19.2%	$12.7M-49.6%	$25.2M+170.5%	$9.3M+19.4%	$7.8M+111.6%	$3.7M+107.4%	-$49.7M-6718.1%	$751K+138.3%	-$2.0M
Net Income	-$45.2M	-$182.2M+10.7%	-$204.1M-116.0%	$1.3B+24646.2%	$5.1M-89.3%	$48.2M+675.2%	$6.2M-83.4%	$37.5M+30.9%	$28.7M+387.9%	$5.9M-60.6%	$14.9M+204.9%	$4.9M+514.3%	$797K-98.6%	$56.7M+1433.5%	-$4.3M-156.4%	$7.5M
EPS (Diluted)	—	-$3.80+11.2%	-$4.28-116.1%	$26.62+24100.0%	$0.11-89.3%	$1.03+692.3%	$0.13-84.0%	$0.81+28.6%	$0.63+384.6%	$0.13-60.6%	$0.33+200.0%	$0.11+450.0%	$0.02-98.3%	$1.21+1444.4%	-$0.09-152.9%	$0.17

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$235.6M-1.5%	$239.2M-0.6%	$240.5M-0.6%	$241.9M-1.7%	$246.2M-0.3%	$247.0M-2.1%	$252.3M-1.9%	$257.2M
Cost of Revenue	$125.0M-3.3%	$129.2M+0.7%	$128.4M-2.5%	$131.7M-4.2%	$137.5M0.0%	$137.4M-11.4%	$155.2M-3.9%	$161.6M
Gross Profit	$110.6M+0.5%	$110.0M-2.0%	$112.2M+1.7%	$110.3M+1.4%	$108.8M-0.8%	$109.6M+12.9%	$97.1M+1.5%	$95.7M
SG&A Expenses	$72.1M-0.3%	$72.3M+10.9%	$65.2M-7.4%	$70.4M+8.5%	$64.9M-12.1%	$73.9M+17.1%	$63.1M-6.8%	$67.7M
Operating Income	$118.9M+980.6%	-$13.5M-20.7%	-$11.2M+38.3%	-$18.1M+42.4%	-$31.5M+21.9%	-$40.3M-21.2%	-$33.2M+42.5%	-$57.8M
Income Tax	$16.5M+244.2%	-$11.4M+31.9%	-$16.8M-52.0%	-$11.1M+33.9%	-$16.7M+8.2%	-$18.2M-55.8%	-$11.7M+30.8%	-$16.9M
Net Income	$66.6M+268.5%	-$39.5M-28.5%	-$30.8M+25.9%	-$41.5M+28.1%	-$57.8M-11.1%	-$52.0M-20.1%	-$43.3M+31.4%	-$63.1M
EPS (Diluted)	$1.38+266.3%	-$0.83	N/A	-$0.87+28.1%	-$1.21-11.0%	-$1.09	N/A	-$1.33

Not reported in any period shown, so not listed: R&D Expenses.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

CCOI Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CCOI annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$3.1B-2.3%	$3.2B-1.2%	$3.2B+217.9%	$1.0B+2.6%	$984.6M-1.6%	$1.0B+7.3%	$932.1M+26.0%	$739.9M+4.1%	$710.6M-3.7%	$737.9M+11.3%	$662.8M-12.2%	$754.9M0.0%	$755.1M+24.5%	$606.5M+1.5%	$597.7M
Current Assets	$450.6M-6.5%	$482.1M-6.1%	$513.6M+40.4%	$365.9M-10.7%	$409.6M-10.2%	$456.3M-4.1%	$475.7M+35.8%	$350.3M+14.4%	$306.1M-6.6%	$327.6M+30.4%	$251.3M-25.1%	$335.6M-5.3%	$354.3M+26.0%	$281.3M+2.9%	$273.3M
Cash & Equivalents	$148.5M-25.2%	$198.5M+164.3%	$75.1M-66.4%	$223.8M-30.0%	$319.6M-13.9%	$371.3M-7.0%	$399.4M+44.7%	$276.1M+11.8%	$247.0M-10.0%	$274.3M+34.7%	$203.6M-29.3%	$287.8M-5.6%	$304.9M0.0%	$304.9M+28.0%	$238.2M
Accounts Receivable	$88.0M-9.2%	$96.9M-28.4%	$135.5M+207.0%	$44.1M+5.2%	$41.9M-5.1%	$44.2M+9.1%	$40.5M-2.9%	$41.7M+6.7%	$39.1M+16.4%	$33.6M+9.4%	$30.7M-7.2%	$33.1M+8.0%	$30.6M+27.7%	$24.0M-4.2%	$25.0M
Total Liabilities	$3.2B+7.2%	$3.0B+13.4%	$2.6B+70.2%	$1.5B+12.6%	$1.4B+4.9%	$1.3B+13.9%	$1.1B+27.8%	$888.9M+9.3%	$813.1M+2.8%	$791.1M+17.2%	$675.1M+0.6%	$671.1M+19.5%	$561.6M+25.7%	$446.8M+3.0%	$433.6M
Current Liabilities	$220.8M-12.8%	$253.3M-32.1%	$373.3M+210.4%	$120.3M+48.5%	$81.0M-14.2%	$94.4M+5.3%	$89.7M+19.1%	$75.3M+1.0%	$74.5M+9.7%	$67.9M-1.4%	$68.9M+14.8%	$60.0M-58.2%	$143.7M+177.7%	$51.7M+8.1%	$47.8M
Long-Term Debt	$1.7B+18.8%	$1.5B+53.3%	$950.0M0.0%	$950.0M+5.8%	$897.8M+1.8%	$882.0M+10.5%	$798.1M+23.7%	$645.5M+12.3%	$575.0M+0.9%	$569.7M+20.9%	$471.2M+7.1%	$440.0M	N/A	N/A	N/A
Total Equity	-$63.8M-128.7%	$222.8M-63.4%	$609.6M+217.5%	-$518.6M-39.0%	-$373.1M-27.3%	-$293.2M-43.9%	-$203.7M-36.7%	-$149.0M-45.3%	-$102.5M-92.6%	-$53.3M-334.0%	-$12.3M-114.6%	$83.8M-56.7%	$193.5M+21.1%	$159.8M-2.6%	$164.0M
Retained Earnings	-$708.6M-88.3%	-$376.3M-2296.1%	$17.1M+101.6%	-$1.1B-18.1%	-$909.9M-12.6%	-$807.8M-18.0%	-$684.6M-12.3%	-$609.5M-9.9%	-$554.7M-15.8%	-$478.9M-10.9%	-$431.8M-16.6%	-$370.4M-16.9%	-$316.9M+6.3%	-$338.3M-4.3%	-$324.5M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$3.1B+1.5%	$3.1B-1.4%	$3.1B-1.5%	$3.1B-3.7%	$3.3B+4.8%	$3.1B-1.7%	$3.2B-1.0%	$3.2B
Current Assets	$606.1M+40.9%	$430.3M-4.5%	$450.6M-6.1%	$479.8M-14.5%	$561.0M+32.7%	$422.7M-12.3%	$482.1M-15.3%	$569.4M
Cash & Equivalents	$183.7M+31.0%	$140.3M-5.6%	$148.5M+1.0%	$147.1M-31.2%	$213.7M+38.9%	$153.8M-22.5%	$198.5M-28.9%	$279.2M
Accounts Receivable	$85.8M-5.8%	$91.1M+3.5%	$88.0M-8.1%	$95.9M+0.8%	$95.1M+8.2%	$88.0M-9.3%	$96.9M-2.6%	$99.6M
Total Liabilities	$3.1B-0.7%	$3.2B-0.1%	$3.2B-0.7%	$3.2B-1.1%	$3.2B+8.3%	$3.0B+0.9%	$3.0B+2.4%	$2.9B
Current Liabilities	$959.6M+324.5%	$226.1M+2.4%	$220.8M-7.0%	$237.5M-2.4%	$243.3M-14.2%	$283.4M+11.9%	$253.3M-9.7%	$280.6M
Long-Term Debt	N/A	N/A	$1.7B	N/A	N/A	N/A	$1.5B	N/A
Total Equity	-$34.1M+67.2%	-$104.2M-63.1%	-$63.8M-63.0%	-$39.2M-183.9%	$46.7M-67.3%	$142.8M-35.9%	$222.8M-31.1%	$323.6M
Retained Earnings	-$685.1M+8.6%	-$749.4M-5.8%	-$708.6M-4.9%	-$675.5M-15.5%	-$584.9M-22.5%	-$477.5M-26.9%	-$376.3M-32.2%	-$284.6M

Not reported in any period shown, so not listed: Inventory, Goodwill.

CCOI Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CCOI annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$15.1M	-$10.6M-22.4%	-$8.6M-149.8%	$17.3M-90.0%	$173.7M+2.0%	$170.3M+21.3%	$140.3M-5.7%	$148.8M+11.1%	$133.9M+19.9%	$111.7M+3.5%	$108.0M+28.8%	$83.8M+14.7%	$73.0M-10.8%	$81.9M+2.4%	$79.9M+5.4%	$75.8M
Capital Expenditures	$158.1M	$187.6M-3.8%	$195.0M+50.4%	$129.6M+64.2%	$79.0M+13.0%	$69.9M+25.0%	$56.0M+19.2%	$47.0M-6.0%	$49.9M+9.0%	$45.8M+1.3%	$45.2M+27.1%	$35.6M-40.7%	$60.0M+22.4%	$49.0M+10.6%	$44.3M-3.3%	$45.9M
Free Cash Flow	-$142.9M	-$198.1M+2.7%	-$203.6M-81.4%	-$112.3M-218.5%	$94.7M-5.6%	$100.3M+18.9%	$84.4M-17.2%	$101.9M+21.3%	$84.0M+27.4%	$65.9M+5.0%	$62.7M+30.1%	$48.2M+270.6%	$13.0M-60.3%	$32.8M-7.8%	$35.6M+18.9%	$30.0M
Investing Cash Flow	$174.4M	-$87.6M-507.4%	$21.5M-72.0%	$76.7M+197.2%	-$79.0M-13.0%	-$69.9M-25.0%	-$56.0M-19.2%	-$47.0M+6.0%	-$49.9M-9.0%	-$45.8M-1.3%	-$45.2M-27.5%	-$35.5M	N/A	N/A	N/A	N/A
Financing Cash Flow	-$119.2M	$62.9M-40.6%	$105.9M+141.1%	-$257.9M-78.0%	-$144.8M-2.9%	-$140.8M-21.4%	-$116.0M-626.8%	$22.0M+141.9%	-$52.5M+46.0%	-$97.3M-1266.1%	$8.3M+106.5%	-$128.8M	N/A	N/A	N/A	N/A
Dividends Paid	$55.0M	$150.1M-20.8%	$189.4M+4.2%	$181.7M+7.0%	$169.9M+13.0%	$150.3M+16.1%	$129.4M+14.9%	$112.6M+15.1%	$97.9M+19.9%	$81.7M+19.7%	$68.2M+2.9%	$66.3M+22.3%	$54.2M+53.4%	$35.4M+270.2%	$9.5M	N/A
Share Buybacks	N/A	$16.7M+109.4%	$8.0M	N/A	N/A	N/A	$4.5M	N/A	$6.6M+258.9%	$1.8M-59.3%	$4.5M-88.6%	$39.4M-32.8%	$58.6M	N/A	$1.3M-57.4%	$3.0M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$3.2M-78.5%	$14.8M+347.6%	-$6.0M-293.3%	$3.1M+107.0%	-$44.0M-221.1%	$36.4M+150.1%	$14.5M+171.8%	-$20.2M
Capital Expenditures	$38.5M-16.7%	$46.2M+24.9%	$37.0M+2.2%	$36.3M-35.5%	$56.2M-3.3%	$58.1M+26.0%	$46.1M-22.2%	$59.2M
Free Cash Flow	-$35.3M-12.5%	-$31.4M+27.0%	-$43.0M-29.8%	-$33.1M+66.9%	-$100.2M-361.1%	-$21.7M+31.2%	-$31.6M+60.3%	-$79.5M
Investing Cash Flow	$219.0M+1130.9%	-$21.2M-76.5%	-$12.0M-6.9%	-$11.3M+63.9%	-$31.2M+5.7%	-$33.1M-56.8%	-$21.1M+38.4%	-$34.2M
Financing Cash Flow	-$30.7M-109.4%	-$14.7M-35.3%	-$10.8M+82.8%	-$63.0M-132.5%	$193.8M+439.8%	-$57.0M+24.1%	-$75.1M-47.4%	-$51.0M
Dividends Paid	$2.3M+77.1%	$1.3M-43.6%	$2.3M-95.3%	$49.1M-1.1%	$49.6M+1.0%	$49.1M+1.5%	$48.4M+2.6%	$47.2M
Share Buybacks	N/A	$105.8M	$0-100.0%	$5.2M-54.8%	$11.5M	N/A	$0	$0

CCOI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

CCOI annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	45.2%+7.1pp	38.0%-4.1pp	42.2%-19.8pp	62.0%+0.3pp	61.6%+0.2pp	61.4%+1.7pp	59.8%+2.0pp	57.8%+0.9pp	56.9%+0.3pp	56.6%	N/A	N/A	N/A	N/A	N/A
Operating Margin	-10.4%+8.7pp	-19.1%-5.3pp	-13.7%-32.8pp	19.0%-1.2pp	20.2%+1.4pp	18.8%+0.5pp	18.4%+1.7pp	16.6%+1.0pp	15.7%+1.3pp	14.3%+1.2pp	13.1%-1.1pp	14.2%+0.9pp	13.3%+3.5pp	9.8%-2.2pp	11.9%
Net Margin	-18.7%+1.0pp	-19.7%	135.3%	0.9%-7.3pp	8.2%+7.1pp	1.1%-5.8pp	6.9%+1.4pp	5.5%+4.3pp	1.2%-2.1pp	3.3%+2.1pp	1.2%+1.0pp	0.2%-16.1pp	16.3%+17.6pp	-1.3%-3.8pp	2.5%
Return on Equity	N/A	-91.6%-300.5pp	208.9%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.9%-28.3pp	29.3%+32.0pp	-2.7%-7.3pp	4.6%
Return on Assets	-5.9%+0.5pp	-6.4%-46.1pp	39.6%+39.1pp	0.5%-4.4pp	4.9%+4.3pp	0.6%-3.4pp	4.0%+0.2pp	3.9%+3.0pp	0.8%-1.2pp	2.0%+1.3pp	0.7%+0.6pp	0.1%-7.4pp	7.5%+8.2pp	-0.7%-2.0pp	1.3%
Current Ratio	2.04+0.1x	1.90+0.5x	1.38-1.7x	3.04-2.0x	5.06+0.2x	4.83-0.5x	5.30+0.7x	4.65+0.5x	4.11-0.7x	4.82+1.2x	3.65-1.9x	5.59+3.1x	2.47-3.0x	5.44-0.3x	5.71
Debt-to-Equity	N/A	6.53+5.0x	1.56	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	5.25+2.3x	2.90+0.1x	2.80+0.2x	2.64
FCF Margin	-20.3%-0.7pp	-19.7%-7.7pp	-11.9%-27.7pp	15.8%-1.2pp	17.0%+2.2pp	14.8%-3.8pp	18.6%+2.5pp	16.1%+2.6pp	13.6%-0.5pp	14.0%+2.1pp	11.9%+8.5pp	3.4%-6.0pp	9.4%-1.8pp	11.2%+1.4pp	9.8%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	46.9%+1.0pp	46.0%-0.7pp	46.6%+1.1pp	45.6%+1.4pp	44.2%-0.2pp	44.4%+5.9pp	38.5%+1.3pp	37.2%
Operating Margin	50.5%+56.1pp	-5.7%-1.0pp	-4.7%+2.8pp	-7.5%+5.3pp	-12.8%+3.5pp	-16.3%-3.1pp	-13.2%+9.3pp	-22.5%
Net Margin	28.3%+44.8pp	-16.5%-3.7pp	-12.8%+4.4pp	-17.2%+6.3pp	-23.5%-2.4pp	-21.1%-3.9pp	-17.2%+7.4pp	-24.5%
Return on Equity	N/A	N/A	N/A	N/A	-123.9%-87.4pp	-36.4%-17.0pp	-19.4%+0.1pp	-19.5%
Return on Assets	2.1%+3.4pp	-1.3%-0.3pp	-1.0%+0.3pp	-1.3%+0.5pp	-1.8%-0.1pp	-1.7%-0.3pp	-1.4%+0.6pp	-2.0%
Current Ratio	0.63-1.3x	1.90-0.1x	2.040.0x	2.02-0.3x	2.31+0.8x	1.49-0.4x	1.90-0.1x	2.03
Debt-to-Equity	N/A	N/A	N/A	N/A	69.08+48.2x	20.85+14.3x	6.53-2.4x	8.90
FCF Margin	-15.0%-1.9pp	-13.1%+4.8pp	-17.9%-4.2pp	-13.7%+27.0pp	-40.7%-31.9pp	-8.8%+3.7pp	-12.5%+18.4pp	-30.9%

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Note: Shareholder equity is negative (-$63.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Where Cogent Communications Hldgs In Ranks

Frequently Asked Questions

What is Cogent Communications Hldgs In's annual revenue?

Cogent Communications Hldgs In (CCOI) reported $975.8M in total revenue for fiscal year 2025. This represents a -5.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cogent Communications Hldgs In's revenue growing?

Cogent Communications Hldgs In (CCOI) revenue declined by 5.8% year-over-year, from $1.0B to $975.8M in fiscal year 2025.

Is Cogent Communications Hldgs In profitable?

No, Cogent Communications Hldgs In (CCOI) reported a net income of -$182.2M in fiscal year 2025, with a net profit margin of -18.7%.

What is Cogent Communications Hldgs In's EBITDA?

Cogent Communications Hldgs In (CCOI) had EBITDA of $169.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cogent Communications Hldgs In have?

As of fiscal year 2025, Cogent Communications Hldgs In (CCOI) had $148.5M in cash and equivalents against $1.7B in long-term debt.

What is Cogent Communications Hldgs In's gross margin?

Cogent Communications Hldgs In (CCOI) had a gross margin of 45.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cogent Communications Hldgs In's operating margin?

Cogent Communications Hldgs In (CCOI) had an operating margin of -10.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Cogent Communications Hldgs In's net profit margin?

Cogent Communications Hldgs In (CCOI) had a net profit margin of -18.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Cogent Communications Hldgs In pay dividends?

Yes, Cogent Communications Hldgs In (CCOI) paid $3.05 per share in dividends during fiscal year 2025.

What is Cogent Communications Hldgs In's free cash flow?

Cogent Communications Hldgs In (CCOI) recorded an outflow of $198.1M in free cash flow during fiscal year 2025. This represents a 2.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Cogent Communications Hldgs In's operating cash flow?

Cogent Communications Hldgs In (CCOI) recorded an outflow of $10.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Cogent Communications Hldgs In's total assets?

Cogent Communications Hldgs In (CCOI) had $3.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Cogent Communications Hldgs In's capital expenditures?

Cogent Communications Hldgs In (CCOI) invested $187.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Cogent Communications Hldgs In buy back shares?

Yes, Cogent Communications Hldgs In (CCOI) spent $16.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Cogent Communications Hldgs In have outstanding?

Cogent Communications Hldgs In (CCOI) had 50M shares outstanding as of fiscal year 2025.

What is Cogent Communications Hldgs In's current ratio?

Cogent Communications Hldgs In (CCOI) had a current ratio of 2.04 as of fiscal year 2025, which is generally considered healthy.

What is Cogent Communications Hldgs In's return on assets (ROA)?

Cogent Communications Hldgs In (CCOI) had a return on assets of -5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is Cogent Communications Hldgs In's debt-to-equity ratio negative or not reported?

Cogent Communications Hldgs In (CCOI) has negative shareholder equity of -$63.8M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Cogent Communications Hldgs In's Altman Z-Score?

Cogent Communications Hldgs In (CCOI) has an Altman Z-Score of 0.07, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Cogent Communications Hldgs In's Piotroski F-Score?

Cogent Communications Hldgs In (CCOI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cogent Communications Hldgs In's earnings high quality?

Cogent Communications Hldgs In (CCOI) reported a net loss of $182.2M while operations used $10.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Cogent Communications Hldgs In?

Cogent Communications Hldgs In (CCOI) scores 25 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.