What is Cogent Communications Holdings, Inc.'s earnings per share (EPS)?

Cogent Communications Holdings, Inc. (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 Holdings, Inc. (CCOI) Financials

CCOI

Trailing 12 months to June 30, 2026

Revenue $957.2M -4.5% YoY

Net Income -$45.2M +79.1% YoY

EPS (Diluted) -$0.95 +79.0% YoY

Free Cash Flow -$142.9M +38.7% YoY

Market Cap $437.4M as of Oct 10, 2026

Price / Sales 0.5x on $957.2M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CCOI SEC filings page.

Cogent Communications Holdings, Inc. (CCOI) reported $957.2M in revenue over the twelve months to Jun 30, 2026, down 4.5% from the prior twelve months. 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 2026-10-03

Cogent's revenue base remains substantial, but heavier debt and capital spending keep improved gross margins from becoming operating profit.

FY2025 ended with equity of -$63.8M alongside $1.7B of long-term debt, making capital structure more consequential than the company’s current liquidity ratio of 2.0x. The shift from positive equity in FY2024 to negative equity in FY2025 means short-term asset coverage does not remove the longer-term balance-sheet pressure.

Gross margin expanded from 38.1% to 45.2% while revenue declined, indicating margin improvement within the existing revenue base rather than growth-driven absorption of fixed costs. Operating expenses still produced an operating loss of $101.1M, so the improvement has not reached operating earnings.

FY2025 free cash flow was -$198.1M against capital expenditures of $187.6M, showing that reinvestment—not merely non-cash accounting charges—drove most of the cash shortfall. Operating cash flow was also -$10.6M, leaving cash conversion weak before investment spending.

Financial Health Signals

Financial Health Score 24/100

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 Holdings, Inc.'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 Holdings, Inc. has an operating margin of -10.4%, meaning the company loses $10 on every $100 of revenue. This results in a profitability score of 12/100. This is up from -19.1% the prior year.

Growth

Cogent Communications Holdings, Inc.'s revenue declined 5.8% year-over-year, from $1.0B to $975.8M. This contraction results in a growth score of 37/100.

Leverage

Liquidity

Cogent Communications Holdings, Inc.'s current ratio of 2.04 indicates adequate short-term liquidity, earning a score of 60/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Cogent Communications Holdings, Inc.'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 9/100.

Returns

Altman Z-Score Distress

0.06

Cogent Communications Holdings, Inc. scores 0.06, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($437.4M) 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 Holdings, Inc. 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 Holdings, Inc. 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

Export CSV

Earnings & Revenue

Revenue

$235.6M

YoY-4.3%

QoQ-1.5%

5Y CAGR+9.8%

10Y CAGR+7.9%

Cogent Communications Holdings, Inc. generated $235.6M in revenue in Q2 2026. This represents a decrease of 4.3% from the same quarter a year earlier. Against the prior quarter it is down 1.5%.

EBITDA

$171.9M

YoY+292.2%

QoQ+323.9%

5Y CAGR+27.9%

10Y CAGR+16.9%

Cogent Communications Holdings, Inc.'s EBITDA was $171.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 292.2% from the same quarter a year earlier. Against the prior quarter it is up 323.9%.

Net Income

$66.6M

YoY+215.3%

QoQ+268.5%

10Y CAGR+31.8%

Cogent Communications Holdings, Inc. reported $66.6M in net income in Q2 2026. This represents an increase of 215.3% from the same quarter a year earlier. Against the prior quarter it is up 268.5%.

EPS (Diluted)

$1.38

YoY+214.0%

QoQ+266.3%

Cogent Communications Holdings, Inc. earned $1.38 per diluted share (EPS) in Q2 2026. This represents an increase of 214.0% from the same quarter a year earlier. Against the prior quarter it is up 266.3%.

Cash & Balance Sheet

Free Cash Flow

-$35.3M

YoY+64.7%

QoQ-12.5%

Cogent Communications Holdings, Inc. recorded an outflow of $35.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 64.7% from the same quarter a year earlier. Against the prior quarter it is down 12.5%.

Cash & Debt

$183.7M

YoY-14.0%

QoQ+31.0%

5Y CAGR-13.3%

10Y CAGR+1.7%

Cogent Communications Holdings, Inc. held $183.7M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.02

YoY-98.0%

QoQ0.0%

5Y CAGR-51.9%

10Y CAGR-25.3%

Cogent Communications Holdings, Inc. paid $0.02 per share in dividends in Q2 2026. This represents a decrease of 98.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

51M

YoY+4.1%

QoQ+2.3%

5Y CAGR+1.4%

10Y CAGR+1.2%

Cogent Communications Holdings, Inc. had 51M shares outstanding in Q2 2026. This represents an increase of 4.1% from the same quarter a year earlier. Against the prior quarter it is up 2.3%.

Margins & Returns

Gross Margin

46.9%

YoY+2.8pp

QoQ+1.0pp

5Y change-15.1pp

Cogent Communications Holdings, Inc.'s gross margin was 46.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.

Operating Margin

50.5%

YoY+63.3pp

QoQ+56.1pp

5Y change+31.4pp

10Y change+34.6pp

Cogent Communications Holdings, Inc.'s operating margin was 50.5% in Q2 2026, reflecting core business profitability. This is up 63.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 56.1 percentage points.

Net Margin

28.3%

YoY+51.8pp

QoQ+44.8pp

5Y change+30.0pp

10Y change+24.4pp

Cogent Communications Holdings, Inc.'s net profit margin was 28.3% in Q2 2026, showing the share of revenue converted to profit. This is up 51.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 44.8 percentage points.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$38.5M

YoY-31.4%

QoQ-16.7%

5Y CAGR+17.5%

10Y CAGR+10.5%

Cogent Communications Holdings, Inc. invested $38.5M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 31.4% from the same quarter a year earlier. Against the prior quarter it is down 16.7%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

CCOI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CCOI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
EBITDA	N/A	$169.1M+68.4%	$100.4M-2.4%	$102.9M-50.1%	$206.2M-1.1%	$208.5M+9.5%	$190.4M+5.5%	$180.5M+7.6%	$167.8M+10.5%	$151.8M+9.0%	$139.3M+12.7%	$123.6M+0.1%	$123.4M+11.6%	$110.5M+18.3%	$93.4M-3.0%	$96.4M
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 (Basic)	N/A	-$3.80+11.2%	-$4.28-115.9%	$26.88+24336.4%	$0.11-89.4%	$1.04+642.9%	$0.14-82.9%	$0.82+30.2%	$0.63+384.6%	$0.13-60.6%	$0.33+200.0%	$0.11+450.0%	$0.02-98.4%	$1.22+1455.6%	-$0.09-152.9%	$0.17
EPS (Diluted)	-$0.95	-$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
Diluted Shares (Avg)	N/A	48M+0.6%	48M-0.4%	48M+1.3%	47M+0.5%	47M+0.6%	47M+1.3%	46M+0.7%	46M+1.3%	45M+0.7%	45M-0.6%	45M-2.6%	46M-1.4%	47M+3.3%	46M-0.4%	46M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$235.6M-4.3%	$239.2M-3.2%	$240.5M-4.7%	$241.9M-5.9%	$246.2M-5.5%	$247.0M-7.2%	$252.3M-7.3%	$257.2M-6.6%
Cost of Revenue	$125.0M-9.1%	$129.2M-6.0%	$128.4M-17.3%	$131.7M-18.5%	$137.5M-12.0%	$137.4M-18.6%	$155.2M-11.1%	$161.6M-6.9%
Gross Profit	$110.6M+1.7%	$110.0M+0.3%	$112.2M+15.5%	$110.3M+15.3%	$108.8M+4.3%	$109.6M+12.7%	$97.1M-0.5%	$95.7M-6.1%
SG&A Expenses	$72.1M+11.0%	$72.3M-2.1%	$65.2M+3.4%	$70.4M+4.1%	$64.9M-5.0%	$73.9M-3.7%	$63.1M-22.4%	$67.7M+3.6%
Operating Income	$118.9M+478.1%	-$13.5M+66.5%	-$11.2M+66.3%	-$18.1M+68.7%	-$31.5M+33.3%	-$40.3M+32.2%	-$33.2M+51.5%	-$57.8M-14.4%
EBITDA	$171.9M+292.2%	$40.5M+13.4%	$47.2M+38.8%	$42.3M+51.2%	$43.8M+63.0%	$35.7M+210.8%	$34.0M+5141.6%	$28.0M-22.6%
Income Tax	$16.5M+198.6%	-$11.4M+37.2%	-$16.8M-43.7%	-$11.1M+34.6%	-$16.7M-112.9%	-$18.2M+4.7%	-$11.7M+43.0%	-$16.9M-24.1%
Net Income	$66.6M+215.3%	-$39.5M+24.0%	-$30.8M+28.9%	-$41.5M+34.2%	-$57.8M-78.8%	-$52.0M+20.3%	-$43.3M-121.6%	-$63.1M-11.3%
EPS (Basic)	$1.39+214.9%	-$0.83+23.9%	-$0.63+29.2%	-$0.87+34.6%	-$1.21-77.9%	-$1.09+21.0%	-$0.89-121.4%	-$1.33-10.8%
EPS (Diluted)	$1.38+214.0%	-$0.83+23.9%	-$0.63+29.2%	-$0.87+34.6%	-$1.21-77.9%	-$1.09+21.0%	-$0.89-121.8%	-$1.33-10.8%
Diluted Shares (Avg)	48M+1.8%	48M+0.2%	N/A	48M+0.4%	48M+0.2%	48M+0.5%	N/A	47M+0.4%

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

CCOI Balance Sheet

CCOI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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
Non-Current Liabilities	$2.9B+9.1%	$2.7B+21.0%	$2.2B+58.2%	$1.4B+10.3%	$1.3B+6.5%	$1.2B+14.6%	$1.0B+28.6%	$813.5M+10.1%	$738.6M+2.1%	$723.2M+19.3%	$606.2M-0.8%	$611.1M+46.2%	$417.9M+5.8%	$395.0M+2.4%	$385.8M
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	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$3.1B-5.1%	$3.1B-2.1%	$3.1B-2.3%	$3.1B-1.7%	$3.3B-2.2%	$3.1B-0.8%	$3.2B-1.2%	$3.2B+8.2%
Current Assets	$606.1M+8.1%	$430.3M+1.8%	$450.6M-6.5%	$479.8M-15.7%	$561.0M-18.6%	$422.7M-10.7%	$482.1M-6.1%	$569.4M-2.0%
Cash & Equivalents	$183.7M-14.0%	$140.3M-8.8%	$148.5M-25.2%	$147.1M-47.3%	$213.7M-44.4%	$153.8M+29.9%	$198.5M+164.3%	$279.2M+154.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$85.8M-9.8%	$91.1M+3.6%	$88.0M-9.2%	$95.9M-3.7%	$95.1M-14.8%	$88.0M-17.9%	$96.9M-28.4%	$99.6M+14.2%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$3.1B-2.7%	$3.2B+6.1%	$3.2B+7.2%	$3.2B+10.7%	$3.2B+10.1%	$3.0B+12.6%	$3.0B+13.4%	$2.9B+14.3%
Current Liabilities	$959.6M+294.4%	$226.1M-20.2%	$220.8M-12.8%	$237.5M-15.4%	$243.3M-22.3%	$283.4M-32.6%	$253.3M-32.1%	$280.6M-21.1%
Non-Current Liabilities	$2.2B-26.9%	$2.9B+8.9%	$2.9B+9.1%	$2.9B+13.5%	$3.0B+13.9%	$2.7B+21.1%	$2.7B+21.0%	$2.6B+20.1%
Long-Term Debt	N/A	N/A	$1.7B+18.8%	N/A	N/A	N/A	$1.5B+53.3%	N/A
Total Equity	-$34.1M-173.1%	-$104.2M-172.9%	-$63.8M-128.7%	-$39.2M-112.1%	$46.7M-88.8%	$142.8M-71.5%	$222.8M-63.4%	$323.6M-26.8%
Retained Earnings	-$685.1M-17.1%	-$749.4M-56.9%	-$708.6M-88.3%	-$675.5M-137.3%	-$584.9M-235.6%	-$477.5M-405.2%	-$376.3M-2296.1%	-$284.6M-108.3%

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

CCOI Cash Flow Statement

CCOI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Depreciation & Amortization	N/A	$270.2M-9.3%	$298.0M+28.3%	$232.2M+151.8%	$92.2M+3.3%	$89.2M+6.9%	$83.5M+4.0%	$80.2M-1.2%	$81.2M+7.0%	$75.9M+0.9%	$75.2M+6.7%	$70.5M+1.5%	$69.5M+8.0%	$64.4M+3.0%	$62.5M+4.4%	$59.9M
Stock-Based Compensation	N/A	$26.4M+2.6%	$25.7M-4.4%	$26.9M+10.2%	$24.4M-8.9%	$26.8M+14.0%	$23.5M+27.4%	$18.5M+4.2%	$17.7M+33.2%	$13.3M+23.8%	$10.7M-6.8%	$11.5M+20.3%	$9.6M+9.8%	$8.7M+4.8%	$8.3M+8.2%	$7.7M
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	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$3.2M+107.3%	$14.8M-59.2%	-$6.0M-141.2%	$3.1M+115.3%	-$44.0M-98.6%	$36.4M+89.1%	$14.5M+129.8%	-$20.2M+61.4%
Depreciation & Amortization	$53.0M-29.7%	$54.1M-28.9%	$58.4M-13.1%	$60.4M-29.6%	$75.3M+1.7%	$76.0M+7.3%	$67.3M-0.8%	$85.8M-1.1%
Stock-Based Compensation	N/A	$7.6M-5.6%	N/A	N/A	N/A	$8.0M+15.3%	N/A	N/A
Capital Expenditures	$38.5M-31.4%	$46.2M-20.4%	$37.0M-19.7%	$36.3M-38.8%	$56.2M+15.2%	$58.1M+42.1%	$46.1M+5.7%	$59.2M+133.5%
Free Cash Flow	-$35.3M+64.7%	-$31.4M-44.5%	-$43.0M-36.3%	-$33.1M+58.3%	-$100.2M-41.3%	-$21.7M-0.3%	-$31.6M+65.8%	-$79.5M-2.1%
Investing Cash Flow	$219.0M+801.8%	-$21.2M+35.8%	-$12.0M+43.0%	-$11.3M+67.1%	-$31.2M-220.5%	-$33.1M-164.9%	-$21.1M-135.1%	-$34.2M-155.1%
Financing Cash Flow	-$30.7M-115.8%	-$14.7M+74.3%	-$10.8M+85.6%	-$63.0M-23.6%	$193.8M-24.2%	-$57.0M-142.1%	-$75.1M-16.1%	-$51.0M+40.7%
Dividends Paid	$2.3M-95.4%	$1.3M-97.4%	$2.3M-95.2%	$49.1M+3.9%	$49.6M-46.8%	$49.1M+10178.9%	$48.4M+4.4%	$47.2M+4.6%
Share Buybacks	N/A	$105.8M	$0	$5.2M	$11.5M	N/A	$0	$0

CCOI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CCOI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Asset Turnover	0.310.0x	0.330.0x	0.29-0.3x	0.590.0x	0.600.0x	0.570.0x	0.59-0.1x	0.700.0x	0.68+0.1x	0.610.0x	0.61+0.1x	0.500.0x	0.46-0.1x	0.520.0x	0.51
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	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	46.9%+2.8pp	46.0%+1.6pp	46.6%+8.1pp	45.6%+8.4pp	44.2%+4.1pp	44.4%+7.8pp	38.5%+2.6pp	37.2%+0.2pp
Operating Margin	50.5%+63.3pp	-5.7%+10.7pp	-4.7%+8.5pp	-7.5%+15.0pp	-12.8%+5.3pp	-16.3%+6.0pp	-13.2%+12.0pp	-22.5%-4.1pp
Net Margin	28.3%+51.8pp	-16.5%+4.5pp	-12.8%+4.4pp	-17.2%+7.4pp	-23.5%-11.1pp	-21.1%+3.5pp	-17.2%-90.7pp	-24.5%-4.0pp
Return on Equity	N/A	N/A	N/A	N/A	-123.9%-116.1pp	-36.4%-23.4pp	-19.4%-52.3pp	-19.5%-6.7pp
Return on Assets	2.1%+3.9pp	-1.3%+0.4pp	-1.0%+0.4pp	-1.3%+0.6pp	-1.8%-0.8pp	-1.7%+0.4pp	-1.4%-7.6pp	-2.0%-0.1pp
Current Ratio	0.63-1.7x	1.90+0.4x	2.04+0.1x	2.020.0x	2.31+0.1x	1.49+0.4x	1.90+0.5x	2.03+0.4x
Debt-to-Equity	N/A	N/A	N/A	N/A	69.08+62.0x	20.85+15.6x	6.53+5.0x	8.90+3.2x
Asset Turnover	0.080.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x
FCF Margin	-15.0%+25.7pp	-13.1%-4.3pp	-17.9%-5.4pp	-13.7%+17.2pp	-40.7%-13.5pp	-8.8%-0.7pp	-12.5%+21.4pp	-30.9%-2.7pp

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.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Cogent Communications Holdings, Inc. CCOI	FY2025	$975.8M	-$182.2M	-18.7%	$437.4M	24/100
Liberty Latin America Ltd. LILAK	FY2025	$4.4B	-$611.2M	-13.8%	$1.7B	30/100
Iridium Communications Inc. IRDM	FY2025	$871.7M	$114.4M	13.1%	$5.0B	61/100
Liberty Latin America Ltd. LILA	FY2025	$4.4B	-$611.2M	-13.8%	$1.7B	30/100
IDT Corporation IDT	FY2026	$1.3B	$86.6M	6.7%	$2.0B	60/100
Gogo Inc. GOGO	FY2025	$910.5M	$12.9M	1.4%	$306.2M	59/100

Where Cogent Communications Holdings, Inc. Ranks

Frequently Asked Questions

What is Cogent Communications Holdings, Inc.'s annual revenue?

Cogent Communications Holdings, Inc. (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 Holdings, Inc.'s revenue growing?

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

Is Cogent Communications Holdings, Inc. profitable?

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

What is Cogent Communications Holdings, Inc.'s EBITDA?

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

How much debt does Cogent Communications Holdings, Inc. have?

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

What is Cogent Communications Holdings, Inc.'s gross margin?

Cogent Communications Holdings, Inc. (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 Holdings, Inc.'s operating margin?

Cogent Communications Holdings, Inc. (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 Holdings, Inc.'s net profit margin?

Cogent Communications Holdings, Inc. (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 Holdings, Inc. pay dividends?

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

What is Cogent Communications Holdings, Inc.'s free cash flow?

Cogent Communications Holdings, Inc. (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 Holdings, Inc.'s operating cash flow?

Cogent Communications Holdings, Inc. (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 Holdings, Inc.'s total assets?

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

What are Cogent Communications Holdings, Inc.'s capital expenditures?

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

Does Cogent Communications Holdings, Inc. buy back shares?

Yes, Cogent Communications Holdings, Inc. (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 Holdings, Inc. have outstanding?

Cogent Communications Holdings, Inc. (CCOI) had 50M shares outstanding as of fiscal year 2025.

What is Cogent Communications Holdings, Inc.'s current ratio?

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

What is Cogent Communications Holdings, Inc.'s return on assets (ROA)?

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

What is Cogent Communications Holdings, Inc.'s P/E ratio?

Cogent Communications Holdings, Inc. (CCOI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $437.4M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cogent Communications Holdings, Inc.'s price-to-sales ratio?

Cogent Communications Holdings, Inc. (CCOI) trades at 0.5x sales, its market capitalization divided by revenue of $957.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $437.4M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Why is Cogent Communications Holdings, Inc.'s debt-to-equity ratio negative or not reported?

Cogent Communications Holdings, Inc. (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 Holdings, Inc.'s Altman Z-Score?

Cogent Communications Holdings, Inc. (CCOI) has an Altman Z-Score of 0.06, 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 Holdings, Inc.'s Piotroski F-Score?

Cogent Communications Holdings, Inc. (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 Holdings, Inc.'s earnings high quality?

Cogent Communications Holdings, Inc. (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 Holdings, Inc.?

Cogent Communications Holdings, Inc. (CCOI) scores 24 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.