Cogent Communications Holdings, Inc.
cogentco.comWhat Do They Do?
Sells high-speed Internet access and private network services, plus optical transport, to businesses, communications service providers and other bandwidth-intensive organizations.
10-K for FY2025, filed Feb 20, 2026We are a facilities-based provider of low-cost, high-speed Internet access, private network services, optical wavelength and optical…View ↗
We provide our on-net Internet access and private network services to corporate, net-centric and enterprise customers. Our corporate…View ↗
In connection with our acquisition of Cogent Fiber Business, we introduced optical wavelength and optical transport services over a network…View ↗
How Do They Make Money?
-
10-K for FY2025, filed Feb 20, 2026
FY2025 revenue by product or service ↗
$975.8M
-
10-K for FY2025, filed Feb 20, 2026
$975.8M ↗
| Segment | Share | Revenue |
|---|---|---|
|
On-net
|
54%
FY2022: 76%
|
On-net, FY2025
$531.5M Sources
|
|
Off-net
|
41%
FY2022: 24%
|
Off-net, FY2025
$397.5M Sources
|
|
Wavelength
|
3.9% |
Wavelength, FY2025
$38.5M Sources
|
|
Non-core
|
0.9%
FY2022: 0.1%
|
Non-core, FY2025
$8.3M Sources
|
Who Are Their Customers?
Serves corporate customers, larger enterprise companies, and net-centric organizations such as content providers and access networks. Its sales force sells directly; corporate and enterprise services reach on-net and off-net locations, while net-centric customers buy services in data centers.
10-K for FY2025, filed Feb 20, 2026We offer our services to three sets of customers: corporate customers, which primarily include small and medium-sized businesses located in…View ↗
Our corporate customers primarily purchase our services from us on-net in MTOBs and CNDCs or off-net through other carriers’ “last mile”…View ↗
Our net-centric customers purchase our IP services in our 1,715 CNDCs as well as our 100 Cogent data centers and 87 Cogent edge data…View ↗
We began to serve enterprise customers in connection with our acquisition of the Cogent Fiber Business. We define “enterprise” customers as…View ↗
Direct Sales. We exclusively employ a direct sales and marketing approach. As of December 31, 2025, our sales force included 777 full-time…View ↗
Do Revenues Turn Into Profits?
No. It lost $182.2M in FY2025.
10-K for FY2025, filed Feb 20, 2026
−$101.1MView ↗
10-K for FY2025, filed Feb 20, 2026
−$182.2MView ↗
10-K for FY2025, filed Feb 20, 2026
−$198.1MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
$66.6MView ↗
- ▲ Now profitable
- vs −$57.8M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
-
Jun 29, 2026
Sold 10 data center facilities
Cogent completed the sale of 10 data center facilities and related customer contracts for $225 million in cash.
Sources
8-K, filed Jun 29, 2026
As previously announced, on May 22, 2026, Cogent Fiber, LLC, a Delaware limited liability company (the "Seller") and an indirect wholly…View ↗
Growing. Revenue grew 65% in 4 years, from $589.8M in FY2021 to $975.8M in FY2025, about 13% a year.
Optical transport added
The older report described wavelength services as planned around the pending fiber acquisition; the latest describes wavelength and optical transport as services sold over the acquired network.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 20, 2026On September 6, 2022, Cogent Infrastructure, Inc., a Delaware corporation (the “Buyer”) and a wholly owned subsidiary of the Company…View ↗
Larger enterprise customers
The older report described larger enterprise customers as a future market; the latest says Cogent serves acquired enterprise customers and has expanded its target market to include them.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 20, 2026
Loading...
