Cogent Communications CCOI
$3.98 −$0.71 (-15.14%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $4.00 +0.50%
Open$4.57
Prev close$4.69
Day range$3.56 – $4.57
Volume5.17M
Market cap$203.79M
P/E (TTM)–
Dividend yield2.01%
Fundamentals
Latest reported quarter: Q2, ended Jun 2026
Revenue$235.56M-4.3% YoY
Operating profit-$14.50M+53.9% YoY
Net profit$66.64M+215.3% YoY
Diluted EPS$1.38+214.0% YoY
Free cash flow-$35.34M+64.7% YoY
Operating cash flow$3.20M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin46.3%
Operating margin-6.6%
Net margin-4.7%
Return on equity-721.5%
Return on assets-1.4%
Return on invested capital1.9%
Current ratio0.63
Liabilities / assets101.1%
Cash & investments$183.70M
Total debt$2.56B
Net cash (debt)-$2.38B
Where the revenue comes from
Quarter 2026/Q2
By business line
Income statement
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $235.56M | $239.19M | $975.77M | $240.52M | $241.95M |
| Total Operating Revenue | $235.56M | $239.19M | $975.77M | $240.52M | $241.95M |
| Cost of Revenue | $125.01M | $129.23M | $534.96M | $128.35M | $131.68M |
| Gross Profit | $110.55M | $109.96M | $440.80M | $112.17M | $110.27M |
| Operating Expense | $125.05M | $126.39M | $544.62M | $123.65M | $130.85M |
| Selling and Admin Expenses | $72.10M | $72.34M | $274.44M | $65.23M | $70.42M |
| -General & Admin Expense | $72.10M | $72.34M | – | – | $70.42M |
| Depreciation & Amortization & Depletion | $52.95M | $54.06M | $270.18M | $58.43M | $60.43M |
| -Depreciation & Amortization | $52.95M | $54.06M | $270.18M | $58.43M | $60.43M |
| Operating Profit | -$14.50M | -$16.44M | -$103.81M | -$11.48M | -$20.58M |
| Net Non-Operating Interest Income (Expense) | -$37.40M | -$37.47M | -$138.29M | -$36.39M | -$34.47M |
| Non-Operating Interest Income | $6.37M | $6.40M | $23.08M | $7.66M | $8.90M |
| Non-Operating Interest Expense | $43.76M | $43.88M | $161.36M | $44.05M | $43.37M |
| Other Income (Expense) | $135.02M | $2.93M | -$2.87M | $288,000.00 | $2.45M |
| Special Income (Charges) | $135.02M | $2.93M | -$2.87M | $288,000.00 | $2.45M |
| -Less:Other Special Charges | -$2.98M | -$2.93M | $2.87M | -$288,000.00 | -$2.45M |
| -Gain on Sale of Property/Plant/Equipment | $132.04M | – | – | – | – |
| Pretax Profit | $83.12M | -$50.98M | -$244.97M | -$47.58M | -$52.60M |
| Tax | $16.49M | -$11.44M | -$62.79M | -$16.80M | -$11.05M |
| Net Profit | $66.64M | -$39.54M | -$182.17M | -$30.78M | -$41.54M |
| Profit from Continuing Operations | $66.64M | -$39.54M | -$182.17M | -$30.78M | -$41.54M |
| Net Income to Parent Company | $66.64M | -$39.54M | -$182.17M | -$30.78M | -$41.54M |
| Net Income to Common Stockholders | $66.64M | -$39.54M | -$182.17M | -$30.78M | -$41.54M |
| Basic EPS | $1.39 | -$0.83 | -$3.80 | -$0.64 | -$0.87 |
| Diluted EPS | $1.38 | -$0.83 | -$3.80 | -$0.64 | -$0.87 |
| Dividend Per Share | $0.02 | $0.02 | $3.05 | $0.02 | $1.02 |
| -Less:Restructuring and Mergern & Acquisition | – | – | $0.00 | $0.00 | – |
Balance sheet
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Assets | $3.10B | $3.06B | $3.10B | $3.10B | $3.15B |
| Total Current Assets | $606.15M | $430.28M | $450.58M | $450.58M | $479.77M |
| Cash and Cash Equivalents & Short-Term Investments | $183.70M | $140.27M | $148.52M | $148.52M | $147.09M |
| -Cash and Cash Equivalents | $183.70M | $140.27M | $148.52M | $148.52M | $147.09M |
| Receivables | $171.12M | $182.40M | $177.77M | $177.77M | $184.01M |
| -Accounts Receivable | $85.82M | $91.10M | $88.05M | $88.05M | $95.85M |
| -Due from Related Parties Current | $85.30M | $91.31M | $89.72M | $89.72M | $88.16M |
| Restricted Cash | $185.97M | $39.00M | $56.60M | $56.60M | $79.21M |
| Other Current Assets | $65.36M | $68.61M | – | – | $69.47M |
| Total Non-Current Assets | $2.50B | $2.63B | $2.65B | $2.65B | $2.67B |
| Net PPE | $1.93B | $2.04B | $2.03B | $2.03B | $2.03B |
| -Gross PPE | $3.87B | $4.00B | $3.95B | $3.95B | $3.90B |
| -Accumulated Depreciation | -$1.94B | -$1.96B | -$1.92B | -$1.92B | -$1.87B |
| Non Current Accounts Receivables | $66.18M | $90.37M | $113.52M | $113.52M | $136.24M |
| Goodwill and Other Intangible Assets | $468.37M | $468.81M | $469.25M | $469.25M | $469.70M |
| -Other Intangible Assets | $468.37M | $468.81M | $469.25M | $469.25M | $469.70M |
| Other Non-Current Assets | $30.52M | $31.18M | $34.83M | $34.83M | $31.15M |
| Total Liabilities | $3.14B | $3.16B | $3.16B | $3.16B | $3.19B |
| Total Current Liabilities | $959.57M | $226.07M | $220.84M | $220.84M | $237.55M |
| Payables | $36.26M | $36.10M | $37.00M | $37.00M | $28.41M |
| -Accounts Payable | $36.26M | $36.10M | $30.57M | $30.57M | $28.39M |
| Current Accrued Expenses | $102.77M | $112.35M | $92.67M | $92.67M | $129.02M |
| Short-Term Debt and Capital Lease Obligation | $820.54M | $77.63M | $80.69M | $80.69M | $80.12M |
| -Current Debt | $746.26M | – | – | – | – |
| -Current Capital Lease Obligation | $74.27M | $77.63M | $80.69M | $80.69M | $80.12M |
| Total Non-Current Liabilities | $2.18B | $2.93B | $2.94B | $2.94B | $2.95B |
| Long Term Debt and Capital Lease Obligation | $1.82B | $2.58B | $2.58B | $2.58B | $2.57B |
| -Long Term Debt | $949.91M | $1.72B | $1.71B | $1.71B | $1.71B |
| -Long Term Capital Lease Obligation | $865.41M | $868.68M | $866.99M | $866.99M | $855.61M |
| Non-Current Deferred Liabilities | $333.91M | $321.72M | $333.29M | $333.29M | $351.54M |
| Other Non-Current Liabilities | $29.20M | $28.82M | $28.57M | $28.57M | $30.28M |
| Total Equity | -$34.13M | -$104.16M | -$63.85M | -$63.85M | -$39.17M |
| Stockholders' Equity | -$34.13M | -$104.16M | -$63.85M | -$63.85M | -$39.17M |
| Capital Stock | $51,000.00 | $50,000.00 | $50,000.00 | $50,000.00 | $49,000.00 |
| -Common Stock | $51,000.00 | $50,000.00 | $50,000.00 | $50,000.00 | $49,000.00 |
| Additional Paid-In Capital | $659.93M | $651.54M | $643.26M | $643.26M | $637.71M |
| Retained Earnings | -$685.07M | -$749.42M | -$708.58M | -$708.58M | -$675.50M |
| Gains/Losses Not Affecting Retained Earnings | -$9.04M | -$6.33M | $1.43M | $1.43M | -$1.43M |
| Prepaid Assets | – | – | $67.70M | $67.70M | – |
| -Total Tax Payable | – | – | $6.42M | $6.42M | – |
| -Due to Related Parties Current | – | – | $0.00 | $0.00 | $18,000.00 |
| Current Deferred Liabilities | – | – | $6.42M | $6.42M | – |
| Other Current Liabilities | – | – | $4.07M | $4.07M | – |
Cash flow
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Operating Cash Flow | $3.20M | $14.83M | -$10.58M | -$5.99M | $3.10M |
| Net cash flow from continuing operations | $3.20M | $14.83M | -$10.58M | -$5.99M | $3.10M |
| Net Income from Continuing Operations | $66.64M | -$39.54M | -$182.17M | -$30.78M | -$41.54M |
| Depreciation & Depletion & Amortization | $52.95M | $54.06M | $270.18M | $58.43M | $60.43M |
| Deferred Tax | $12.18M | -$11.57M | -$64.97M | -$18.25M | -$10.92M |
| Other Non-Cash Items | -$135.06M | -$4.98M | -$15.16M | -$2.77M | -$5.08M |
| Change in Working Capital | $420,000.00 | $9.31M | -$50.48M | -$17.43M | -$8.72M |
| -Change in Receivables | $5.28M | -$3.05M | $8.83M | $8.25M | -$1.23M |
| -Change in Prepaid Assets | $3.78M | $2.85M | -$8.37M | -$2.08M | $1.56M |
| -Change in Payables and Accrued Expense | -$8.64M | $9.50M | -$50.94M | -$23.60M | -$9.04M |
| Net cash flow from investing | $218.96M | -$21.24M | -$87.57M | -$12.03M | -$11.25M |
| Net Cash Flow from Continuing Investing Activities | $218.96M | -$21.24M | -$87.57M | -$12.03M | -$11.25M |
| Net PPE Purchase and Sale | -$38.54M | -$46.24M | -$187.57M | -$37.03M | -$36.25M |
| Net Other Investing Changes | $33.33M | $25.00M | – | – | – |
| Financing Cash Flow | -$30.69M | -$14.66M | $62.90M | -$10.83M | -$63.00M |
| Net Cash Flow from Continuing Financing Activities | -$30.69M | -$14.66M | $62.90M | -$10.83M | -$63.00M |
| Net Issuance Payments Of Debt | -$9.65M | -$13.36M | $229.48M | -$513.53M | -$8.79M |
| Cash Dividends Paid | -$2.28M | -$1.30M | -$150.06M | -$2.30M | -$49.07M |
| Proceeds from Stock Option Exercised | $0.00 | $0.00 | $175,000.00 | $0.00 | $24,000.00 |
| Ending Cash Balance | $369.67M | $179.27M | $205.11M | $205.11M | $226.29M |
| Net Change in Cash | $191.46M | -$21.06M | -$35.24M | -$28.86M | -$71.15M |
| Beginning Cash Balance | $179.27M | $205.11M | $227.92M | $226.29M | $306.73M |
| Effect of Exchange Rate Changes | -$1.05M | -$4.79M | $12.44M | $7.67M | -$9.28M |
| Free Cash Flow | -$35.34M | -$31.41M | -$198.15M | -$43.02M | -$33.15M |
| Gain/Loss from Continuing Operations | – | – | $5.61M | $0.00 | $0.00 |
| Net Intangibles Purchase and Sale | – | – | $100.00M | $25.00M | – |
| Net Business Purchase and Sale | – | – | $0.00 | $0.00 | – |
| Net Common Stock Issuance | – | – | -$16.69M | $0.00 | -$5.17M |
| Net Other Financing Charges | – | – | – | – | $0.00 |
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