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Cogent Communications Holdings Inc

cogentco.com

Cogent Communications Holdings Inc (NASDAQ: CCOI) is a telecommunications company that provides internet access and private network services over its own fiber network. Revenue comes from recurring monthly service fees paid by corporate, net-centric, and enterprise customers for on-net connectivity and colocation access. Cogent serves multi-tenant office buildings, carrier-neutral colocation facilities, and its own data centers across North America and Europe. Corporate customers include law firms, financial services firms, advertising and marketing firms, health care providers, and educational institutions. Net-centric customers include ISPs, telephone companies, mobile operators, cable television companies, content delivery networks, web hosting companies, and over-the-top media service providers. The company expanded its enterprise customer base through its acquisition of the Cogent Fiber Business, adding larger customers beyond its historical base. Cogent operates data centers throughout North America and Europe, allowing customers to collocate equipment and connect directly to its network.

Products & Services

On-net internet access services, private network services, colocation services, data center access across North America and Europe.

Revenue Model

Recurring monthly subscription fees for on-net internet access and private network services, plus colocation fees from customers housing equipment in Cogent-owned and carrier-neutral data centers.

Customers & Markets

Three customer segments: (1) Corporate customers in multi-tenant office buildings including law firms, financial services firms, advertising and marketing firms, health care providers, and educational institutions; (2) Net-centric customers including ISPs, telephone companies, mobile operators, cable television companies, content delivery networks, web hosting companies, and over-the-top media service providers; (3) Enterprise customers acquired through the Cogent Fiber Business acquisition, representing larger organizations beyond Cogent's historical customer base.

Geographic Exposure

North America and Europe, based on data center and network operations disclosed in the 10-K filed 2026-02-20.

Financial Snapshot

Revenue
TTM
$967.9M
Gross Margin
TTM
45.59%
Net Income
TTM
-$169.7M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
190.33%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
-104.2M
Cash
2026 Q1
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$207.8M

Stock Price

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Market Cap: $676.05 Million

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