Cogent Communications Holdings, Inc. logo

Cogent Communications Holdings, Inc.

CCOI

NASDAQCommunication ServicesTelecommunications Services

Regular session

$9.72

+$0.55 · +6.00%

Aug 24, 12:08 PM ET

CCOI company overview

Regular session · ET · Market data may be delayed.

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AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

55

Fair Value

Momentum

19

Strong Down

Sentiment

72

Bullish

Risk resilience

36

High Risk

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Company profile

Company website

Cogent Communications Holdings, Inc., founded in 1999 and based in Washington, D.C., functions as a multinational provider of high-speed internet connectivity, private networking solutions, and data center co-location services. Its extensive reach covers clients across North America, Europe, Asia, South America, Australia, and Africa. The company delivers its core services, including rapid internet access and secure private networks, in two primary ways: directly to customers located within buildings physically connected to its network (referred to as on-net services), and to those outside this direct infrastructure (off-net services). For corporate customers requiring off-net connections, Cogent frequently utilizes other carriers' circuits to complete the final segment of the network link to the customer's premises. Cogent serves a broad spectrum of organizations, from professional services firms like legal practices, financial institutions, advertising and marketing agencies, healthcare providers, and educational institutions, to other key players in the communications sector. This includes other internet service providers, telephone and cable television companies, web hosting providers, media and mobile phone operators, content delivery networks, and commercial content/application developers. Furthermore, Cogent operates 54 data centers, allowing customers to house their equipment securely and connect directly to its network. The company boasts a significant infrastructure presence, providing facilities to 3,035 buildings in total, with direct on-net services available to 1,817 multi-tenant office buildings. Cogent primarily caters to small and medium-sized enterprises, communications service providers, and organizations with substantial bandwidth demands.

Industry
Telecommunications Services
Sector
Communication Services
Headquarters
US
CEO
David Schaeffer
Listed since
Feb 5, 2002
Employees
1,833

Market position

Day range

Current $9.72

52-week range

Current $9.72

Open
$9.05
Previous close
$9.17
Volume
1.06M
0.75× average
Average volume
1.42M
Average daily volume
Market cap
486.76M USD
Beta
0.79
Market reference 1
50-day average
$12.5646
-22.64% below average
200-day average
$18.9546
-48.72% below average

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends151%89%27%-35%Gross margin, FY2021: 61.62%Gross margin, FY2022: 61.95%Gross margin, FY2023: 42.16%Gross margin, FY2024: 38.05%Gross margin, FY2025: 17.49%Operating margin, FY2021: 20.22%Operating margin, FY2022: 19.01%Operating margin, FY2023: -13.74%Operating margin, FY2024: -19.07%Operating margin, FY2025: -10.64%Net margin, FY2021: 8.17%Net margin, FY2022: 0.86%Net margin, FY2023: 135.34%Net margin, FY2024: -19.70%Net margin, FY2025: -18.67%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 61.62%. Gross margin FY2022 61.95%. Gross margin FY2023 42.16%. Gross margin FY2024 38.05%. Gross margin FY2025 17.49%. Operating margin FY2021 20.22%. Operating margin FY2022 19.01%. Operating margin FY2023 -13.74%. Operating margin FY2024 -19.07%. Operating margin FY2025 -10.64%. Net margin FY2021 8.17%. Net margin FY2022 0.86%. Net margin FY2023 135.34%. Net margin FY2024 -19.70%. Net margin FY2025 -18.67%.

Income trends

Revenue

975.77M USD-5.82%

Operating income

−103.81M USD+47.46%

Net income

−182.17M USD+10.73%
Income trends across reported periods1.42B USD830.19M USD239.18M USD−351.83M USDRevenue, FY2021: 589.8M USDRevenue, FY2022: 599.6M USDRevenue, FY2023: 940.92M USDRevenue, FY2024: 1.04B USDRevenue, FY2025: 975.77M USDOperating income, FY2021: 119.23M USDOperating income, FY2022: 113.96M USDOperating income, FY2023: −129.33M USDOperating income, FY2024: −197.61M USDOperating income, FY2025: −103.81M USDNet income, FY2021: 48.19M USDNet income, FY2022: 5.15M USDNet income, FY2023: 1.27B USDNet income, FY2024: −204.07M USDNet income, FY2025: −182.17M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 589.8M USD. Revenue FY2022 599.6M USD. Revenue FY2023 940.92M USD. Revenue FY2024 1.04B USD. Revenue FY2025 975.77M USD. Operating income FY2021 119.23M USD. Operating income FY2022 113.96M USD. Operating income FY2023 −129.33M USD. Operating income FY2024 −197.61M USD. Operating income FY2025 −103.81M USD. Net income FY2021 48.19M USD. Net income FY2022 5.15M USD. Net income FY2023 1.27B USD. Net income FY2024 −204.07M USD. Net income FY2025 −182.17M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue975.77M USD1.04B USD940.92M USD599.6M USD589.8M USD
Cost of goods sold805.14M USD641.84M USD544.23M USD228.15M USD226.34M USD
Gross profit170.62M USD394.27M USD396.69M USD371.45M USD363.46M USD
Selling, general, and administrative76.57M USD275.78M USD275.32M USD163.02M USD162.38M USD
Operating expenses274.44M USD591.87M USD526.02M USD257.49M USD244.23M USD
Interest income23.08M USD39.07M USD35.72M USD3.44M USD1.44M USD
Interest expense161.36M USD123.32M USD106.78M USD67.58M USD58.06M USD
Depreciation and amortization270.18M USD298.02M USD232.21M USD92.22M USD89.24M USD
Operating income−103.81M USD−197.61M USD−129.33M USD113.96M USD119.23M USD
Net income−182.17M USD−204.07M USD1.27B USD5.15M USD48.19M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+38.54%
11 comparable reports
Latest EPS result
1.38
Estimate -1 · Beat by 238.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.590.58-0.42-1.43Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual -0.91, estimate -1.22, surprise +25.41%, Beat. Q2 2025, reported May 8, 2025: actual -1.09, estimate -1.05, surprise -3.81%, Miss. Q3 2025, reported Aug 7, 2025: actual -1.21, estimate -0.93, surprise -30.11%, Miss. Q4 2025, reported Nov 6, 2025: actual -0.87, estimate -1.15, surprise +24.35%, Beat. Q1 2026, reported Feb 20, 2026: actual -0.64, estimate -1.09, surprise +41.28%, Beat. Q2 2026, reported May 4, 2026: actual -0.83, estimate -1.03, surprise +19.42%, Beat. Q3 2026, reported Aug 6, 2026: actual 1.38, estimate -1, surprise +238.00%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate -0.89, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates271.31M251.65M231.98M212.31MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 252.29M USD, estimate 260.88M USD, surprise -3.29%, Miss. Q2 2025, reported May 8, 2025: actual 247.05M USD, estimate 253.02M USD, surprise -2.36%, Miss. Q3 2025, reported Aug 7, 2025: actual 246.25M USD, estimate 246.8M USD, surprise -0.22%, Miss. Q4 2025, reported Nov 6, 2025: actual 222.75M USD, estimate 243.82M USD, surprise -8.64%, Miss. Q1 2026, reported Feb 20, 2026: actual 240.52M USD, estimate 243.55M USD, surprise -1.24%, Miss. Q2 2026, reported May 4, 2026: actual 239.19M USD, estimate 241.31M USD, surprise -0.88%, Miss. Q3 2026, reported Aug 6, 2026: actual 235.56M USD, estimate 239.55M USD, surprise -1.67%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 235.17M USD, surprise —, Comparison unavailable.

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