CCOI on Nasdaq

Cogent Communications

Logo: ™/®Cogent Communications Holdings, Inc., Public domain, via Wikimedia Commons5

Multinational internet service provider based in the United States

Cogent Communications Holdings, Inc. is a multinational internet service provider based in the United States. Cogent's primary services consist of Internet access and data transport, offered on a fiber optic, IP data-only network, along with colocation in data centers.3 It was founded by David Schaeffer.1 Its chief executive is David Schaeffer.1 Its shares trade on Nasdaq under the symbol CCOI.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

1999Founded1

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  • TickerCCOI on Nasdaq1
  • Industrytelecommunications industry1
  • HeadquartersWashington, D.C.1
  • Websitewww.cogentco.com
  • Legal formpublic company1
  • LEI549300KFWFYF8Q1U0Y264
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address251 LITTLE FALLS DRIVE, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 33294614
Cogent Communications HQ (55264711893)
Photo: ajay_suresh, CC BY 4.0, via Wikimedia Commons8

Cogent Communications Holdings, Inc. is a multinational internet service provider based in the United States. Cogent's primary services consist of Internet access and data transport, offered on a fiber optic, IP data-only network, along with colocation in data centers.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-10.4%Operating margin9
-18.7%Net margin9
-5.8%Revenue growth, 20259
-$198.1MFree cash flow9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

On-net brought in 54% of the revenue Cogent Communications broke down this way in fiscal 2025.

  1. On-net$531.5M954%down 2% from 2024
  2. Off-net$397.5M941%down 12% from 2024
  3. Wavelength Services$38.5M94%up 100% from 2024
  4. Non-core$8.3M91%down 54% from 2024
Products and services by year
Products and services202320242025
On-net$512.9M$544.6M$531.5M
Off-net$393.5M$454.1M$397.5M
Wavelength Services$5.7M$19.2M$38.5M
Non-core$28.8M$18.2M$8.3M

Regions

North America brought in 84% of the revenue Cogent Communications broke down this way in fiscal 2025.

  1. North America$819.5M984%down 8% from 2024
  2. Europe$122.0M913%up 5% from 2024
  3. Oceania$24.8M93%up 7% from 2024
  4. South America$8.8M91%up 10% from 2024
  5. Africa$588.0K90%down 8% from 2024
Regions by year
Regions202320242025
North America$802.7M$888.0M$819.5M
Europe$108.4M$116.1M$122.0M
Oceania$21.4M$23.3M$24.8M
South America$7.6M$8.0M$8.8M
Africa$786.0K$642.0K$588.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue55¢$535.0M
  • Selling, general and admin28¢$274.4M
  • Other costs11¢$103.6M
  • Income tax6¢$62.8M

Out of $975.8M in revenue.9 The company lost money this year.

Financial statements

Revenue101112139$975.8M in 2025+79% since 2019
0$500.0M$1.0B$1.5B2019: $546.2M$546.2M20192020: $568.1M$568.1M2020+4%2021: $589.8M$589.8M2021+4%2022: $599.6M$599.6M2022+2%2023: $940.9M$940.9M2023+57%2024: $1.0B$1.0B2024+10%2025: $975.8M$975.8M2025−6%
Operating income101112139-$101.1M in 2025
-$200.0M-$100.0M0$100.0M$200.0M2019: $100.3M$100.3M20192020: $106.9M$106.9M2020+7%2021: $119.2M$119.2M2021+12%2022: $114.0M$114.0M2022−4%2023: -$129.3M-$129.3M20232024: -$197.6M-$197.6M2024+53%2025: -$101.1M-$101.1M2025−49%
Net income101112139-$182.2M in 2025
-$500.0M0$500.0M$1.0B$1.5B2019: $37.5M$37.5M20192020: $6.2M$6.2M2020−83%2021: $48.2M$48.2M2021+675%2022: $5.1M$5.1M2022−89%2023: $1.3B$1.3B2023+24646%2024: -$204.1M-$204.1M20242025: -$182.2M-$182.2M2025−11%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Service revenue$975.8M$1.0B$940.9M
Network operations (including $1,885, $1,681 and $1,069 of equity-based compensation expense, respectively), exclusive of amounts shown separately$535.0M$641.8M$544.2M
Selling, general, and administrative (including $24,532, $24,057 and $25,855 of equity-based compensation expense, respectively)$274.4M$275.8M$275.3M
Acquisition costs - Cogent Fiber Business$21.4M$18.5M
Depreciation and amortization$270.2M$298.0M$232.2M
Total operating expenses$1.1B$1.2B$1.1B
Gains on lease terminations and other$2.7M$3.3M-$212.0K
Operating loss-$101.1M-$197.6M-$129.3M
Interest expense, including change in valuation - interest rate swap-$161.4M-$123.3M-$93.3M
Loss on debt extinguishment and redemption - 2026 Notes-$5.6M
Gain on bargain purchase - Cogent Fiber Business$22.2M$1.4B
Interest income - IP Transit Services Agreement$16.4M$23.8M$26.8M
Interest income - Purchase Agreement$1.7M$748.0K$1.9M
Interest income and other$4.9M$14.6M$7.0M
(Loss) income before income taxes-$245.0M-$259.6M$1.2B
Income tax benefit$62.8M$55.6M$54.0M
Net (loss) income-$182.2M-$204.1M$1.3B
Foreign currency translation adjustment$32.1M-$16.3M$4.8M
Comprehensive (loss) income-$150.1M-$220.4M$1.3B
Basic net (loss) income per common share-$3.80-$4.28$26.88
Diluted net (loss) income per common share-$3.80-$4.28$26.62
Dividends declared per common share$3.05$3.92$3.76
Weighted-average common shares-basic47.9M shares47.6M shares47.4M shares
Weighted-average common shares -diluted47.9M shares47.6M shares47.8M shares
Equity-based compensation expense$26.4M$25.7M$26.9M

Compare Cogent Communications with another company

Corporate structure

Cogent Communications sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Cogent Communications

  • Cogent Communications Washington, the District of Columbia, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

Founded by David Schaeffer in 1999.1

Leadership

Who has led Cogent Communications, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (26)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • AUSTRIA Permanent Establishment of C.C.D. Cogent Communications Deutschland, GmbH Austria6
  • CCD COGENT COMMUNICATIONS DEUTSCHLAND GmbH Germany6
  • CCE COGENT INTERNET SERVICES LTD. Ireland6
  • CCM COMMUNICATIONS, S.de R.L. de C.V. Mexico6
  • COGENT ADRIA, KOMUNIKACIJE, d.o.o. Slovenia6
  • COGENT AFRICAONE, LLC Delaware6
  • COGENT AFRICATWO, LLC Delaware6
  • COGENT ALBANIA SH.P.K. Albania6
  • COGENT ARGENTINA S.R.L. Argentina6
  • COGENT BRASIL TELECOMUNICAÇÕES LTDA. Brazil6
  • COGENT CANADA, INC. Nova Scotia, Canada6
  • COGENT COLOMBIA, S.A.S Colombia6
  • COGENT COMMUNICATIONS (THAILAND) LIMITED Thailand6
  • COGENT COMMUNICATIONS AUSTRALIA PTY LTD Australia6
  • COGENT COMMUNICATIONS BELGIUM SPRL Belgium6
  • COGENT COMMUNICATIONS BULGARIA EOOD Bulgaria6
  • COGENT COMMUNICATIONS CHILE LIMITADA Chile6
  • COGENT COMMUNICATIONS CZECH REPUBLIC S.R.O. Czech Republic6
  • COGENT COMMUNICATIONS DENMARK ApS Denmark6
  • COGENT COMMUNICATIONS ESPANA S.L. Spain6
  • COGENT COMMUNICATIONS ESTONIA, OU Estonia6
  • COGENT COMMUNICATIONS FINLAND OY Finland6
  • COGENT COMMUNICATIONS France, SAS France6
  • COGENT COMMUNICATIONS GROUP, LLC Delaware6
All 101 listed subsidiaries
  • COGENT COMMUNICATIONS GUATEMALA Y COMPAÑÍA LIMITADA Guatemala6
  • COGENT COMMUNICATIONS HOLDINGS, INC. Delaware6
  • COGENT COMMUNICATIONS HONG KONG LIMITED Hong Kong6
  • COGENT COMMUNICATIONS HUNGARY KFT Hungary6
  • COGENT COMMUNICATIONS INTERNET SERVICES LLC Turkey6
  • COGENT COMMUNICATIONS ITALIA SRL Italy6
  • COGENT COMMUNICATIONS MONTENEGRO d.o.o., Podgorica Montenegro6
  • COGENT COMMUNICATIONS NETHERLANDS B.V. Netherlands6
  • COGENT COMMUNICATIONS OF CALIFORNIA, INC. Delaware6
  • COGENT COMMUNICATIONS OF D.C., INC. Delaware6
  • COGENT COMMUNICATIONS OF FLORIDA, INC. Delaware6
  • COGENT COMMUNICATIONS OF MARYLAND, INC. Delaware6
  • COGENT COMMUNICATIONS OF TEXAS USA, INC. Delaware6
  • COGENT COMMUNICATIONS PANAMA S. de R.L. Panama6
  • COGENT COMMUNICATIONS POLAND Sp.zo.o. Poland6
  • COGENT COMMUNICATIONS PORTUGAL Lda Portugal6
  • COGENT COMMUNICATIONS ROMANIA SRL Romania6
  • COGENT COMMUNICATIONS SLOVAKIA S.R.O. Slovakia6
  • COGENT COMMUNICATIONS TANZANIA LIMITED Tanzania6
  • COGENT COMMUNICATIONS UK LTD. United Kingdom6
  • COGENT COMMUNICATIONS, LLC Delaware6
  • COGENT COSTA RICA LLC, S. de R.L. Costa Rica6
  • COGENT EUROPE HOLDINGS, S.À R.L. Luxembourg6
  • COGENT EUROPE, SARL Luxembourg6
  • COGENT FINANCE, INC. Delaware6
  • COGENT HELLAS INTERNET SERVICES SOLE MEMBER LIMITED LIABILITY COMPANY Greece6
  • COGENT IH, LLC Delaware6
  • COGENT INFRASTRUCTURE, LLC Delaware6
  • COGENT INTERNET PRIVATE LIMITED India6
  • COGENT INTERNET SINGAPORE PTE. LTD. Singapore6
  • COGENT INTERNET SWITZERLAND, LLC Switzerland6
  • COGENT INTERNET d.o.o. Croatia6
  • COGENT IPV4 HOLDCO LLC Delaware6
  • COGENT IPV4 LLC Delaware6
  • COGENT JAPAN G.K. Japan6
  • COGENT KOREA YUHAN HOESA (COGENT KOREA, LLC) South Korea6
  • COGENT LATVIA SIA Latvia6
  • COGENT LITHUANIA UAB Lithuania6
  • COGENT NEW ZEALAND LIMITED New Zealand6
  • COGENT NORWAY AS Norway6
  • COGENT PERÚ S.R.L. Peru6
  • COGENT PHILIPPINES COMMUNICATIONS, CORP. Philippines6
  • COGENT RB, LLC Delaware6
  • COGENT SERB D.O.O. BEOGRAD Serbia6
  • COGENT SOUTH AFRICA (PTY) LTD South Africa6
  • COGENT TAIWAN LIMITED Taiwan6
  • COGENT TW, LLC Delaware6
  • COGENT WG, LLC Delaware6
  • COMPANY FOR INTERNET SERVICES COGENT MACEDONIA DOOEL SKOPJE Macedonia6
  • SIHI MEXICO, S. DE R.L. DE C.V. Mexico6
  • SIHI SCANDINAVIA AB Sweden6
  • SPRINT (THAILAND) LIMITED Thailand6
  • SPRINT COMMUNICATIONS COMPANY LP Delaware6
  • SPRINT INTERNATIONAL ARGENTINA, S.R.L. Argentina6
  • SPRINT INTERNATIONAL AUSTRALIA PTY LIMITED Australia6
  • SPRINT INTERNATIONAL AUSTRIA GMBH Austria6
  • SPRINT INTERNATIONAL COLOMBIA LTDA Colombia6
  • SPRINT INTERNATIONAL COMMUNICATIONS LLC Delaware6
  • SPRINT INTERNATIONAL COMMUNICATIONS SINGAPORE PTE LTD Singapore6
  • SPRINT INTERNATIONAL CZECH REPUBLIC S.R.O. Czech Republic6
  • SPRINT INTERNATIONAL HOLDING LLC Kansas6
  • SPRINT INTERNATIONAL LLC Delaware6
  • SPRINT INTERNATIONAL NETWORK COMPANY LLC Delaware6
  • SPRINT INTERNATIONAL SPAIN, S.L. Spain6
  • SPRINT INTERNATIONAL TAIWAN LIMITED Taiwan6
  • SPRINT RUS LLC Russia6
  • SPRINT SOLUTIONS WIRELINE LLC Delaware6
  • SPRINT TELECOM INDIA PRIVATE LIMITED India6
  • SPRINTLINK DENMARK APS Denmark6
  • SPRINTLINK GERMANY GMBH Germany6
  • SPRINTLINK POLAND SP. Z O.O. Poland6
  • SPRINTLINK UK LIMITED United Kingdom6
  • SWEDISH Branch Svensk filial till C.C.D. Communications Deutschland GmbH Sweden6
  • TOV COGENT COMMUNICATIONS UKRAINE Ukraine6
  • UTELCOM LLC Kansas6
  • WIRELINE NETWORK HOLDINGS LLC Delaware6
  • Î.C.S. “COGENT INTERNET MLD” S.R.L. Moldova6

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

Cogent was founded in 1999 at the peak of the industry's growth and was funded by angel investors including members of Keiretsu Forum. In three years, Cogent acquired 13 other failing carriers, purchasing $14 billion in capital for $60 million, including $4 billion worth of Property, Plant and Equipment.

September 2001 – Acquires the assets of NetRail

February 2002 – Acquires Allied Riser

April 2002 – Acquires Building Access Agreements from OnSite Access

Read the full text

April 2002 – Acquires Major US Assets of PSINet

September 2002 – Acquires Major Assets of FiberCity Networks

February 2003 – Acquires Fiber Network Solutions

May 2003 – Acquires Assets of Applied Theory

January 2004 – Acquires LambdaNet France & Spain

March 2004 – Acquires Fiber Network and Equipment in Germany Out of Former Carrier1 Assets

September 2004 – Acquires Global Access

October 2004 – Acquires Aleron Broadband

December 2004 – Acquires NTT/Verio Dedicated Access Business in U.S.

In September, 2022, it was announced that Cogent was buying the Sprint Corporation wireline business from T-Mobile for $1.00, assuming some liabilities.

From Wikipedia’s article on Cogent Communications, shared under CC BY-SA 4.0.7

Timeline

  1. Aug 6, 20268-K Results of operations50
  2. Jun 29, 20268-K Regulation FD disclosure51
  3. Jun 15, 20268-K Entered a material agreement52
  4. May 26, 20268-K Entered a material agreement; Other events53
  5. May 4, 20268-K Results of operations54
  6. May 4, 20268-K Executive or director change; Shareholder vote55
  7. Feb 20, 20268-K Results of operations56
  8. Jan 7, 20268-K Executive or director change57
  9. Nov 17, 20258-K Results of operations58
  10. Nov 6, 20258-K Results of operations59
  11. Aug 15, 20258-K Executive or director change; Regulation FD disclosure60
  12. Aug 7, 20258-K Results of operations61
  13. Mar 6, 2006Went public Listed on NASDAQ1
  14. Jan 26, 2006New chief executive David Schaeffer becomes CEO1
  15. 1999Founded Founded1

Calendar

Coming up

  1. Nov 5, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported ($0.87) a share, on Nov 6, 2025.62

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results50
  2. May 4, 2026Reported quarterly or annual results54
  3. Feb 20, 2026Reported quarterly or annual results56
  4. Nov 17, 2025Reported quarterly or annual results58
  5. Nov 6, 2025Reported quarterly or annual results59
  6. Aug 7, 2025Reported quarterly or annual results61
  7. May 8, 2025Reported quarterly or annual results63
  8. Feb 27, 2025Reported quarterly or annual results64

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

661 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 62 major events, 407 insider forms, 24 large holders, 148 other. The latest 20:

  1. Oct 5, 2026SCHEDULE 13G/A EDGAR
  2. Sep 30, 20264 EDGAR
  3. Sep 30, 20264 EDGAR
  4. Sep 30, 20264 EDGAR
  5. Sep 30, 20264 EDGAR
  6. Sep 30, 20264 EDGAR
  7. Sep 30, 20264 EDGAR
  8. Sep 30, 20264 EDGAR
  9. Sep 15, 20264 EDGAR
  10. Sep 3, 20264 EDGAR
  11. Sep 2, 2026144 EDGAR
  12. Aug 7, 2026SCHEDULE 13G EDGAR
  13. Aug 6, 202610-Q EDGAR
  14. Aug 6, 20268-K EDGAR
  15. Jul 31, 2026SCHEDULE 13G/A EDGAR
  16. Jul 1, 20264 EDGAR
  17. Jul 1, 20264 EDGAR
  18. Jul 1, 20264 EDGAR
  19. Jul 1, 20264 EDGAR
  20. Jun 30, 20264 EDGAR

The 661 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Dave SchaefferChief Executive Officer$0$25.4M73
2025Thaddeus WeedChief Financial Officer$370.2K$4.8M73
2025John ChangChief Legal Officer$294.2K$3.6M73
2025Mark HarrisChief Revenue Officer$321.1K$2.8M73
2025Henry KilmerChief Network Officer$258.1K$1.4M73
2025James BubeckFormer Chief Revenue Officer$300.4K$1.3M73
2024Dave SchaefferChief Executive Officer$0$12.7M73
2024Thaddeus WeedChief Financial Officer$361.2K$4.5M73
2024John ChangChief Legal Officer$287.1K$3.5M73
2024James BubeckFormer Chief Revenue Officer$267.1K$2.2M73
2024Henry KilmerChief Network Officer$251.8K$1.5M73
2023Dave SchaefferChief Executive Officer$0$9.0M73
2023Thaddeus WeedChief Financial Officer$349.0K$2.3M73
2023John ChangChief Legal Officer$277.3K$976.3K73
2023James BubeckFormer Chief Revenue Officer$258.0K$957.0K73
2023Henry KilmerChief Network Officer$243.3K$938.2K73

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.7,376,384$102.4M0.0%+301,012
Turtle Creek Asset Management Inc.4,203,527$58.3M2.3%−145,370
Park West Asset Management LLC3,106,339$43.1M2.9%+1,171,138
State Street Corp2,779,367$38.6M0.0%+506,102
Vanguard Portfolio Management LLC2,384,929$33.1M0.0%−363,830
EdgePoint Investment Group Inc.2,283,378$31.7M0.2%No change
Vanguard Capital Management LLC2,037,716$28.3M0.0%−82,815
Newtyn Management, LLC1,655,895$23.0M2.9%+55,895
Geode Capital Management, LLC1,245,445$17.3M0.0%+39,810
Citadel Advisors LLC1,172,541$16.3M0.0%+746,261
Magnolia Group, LLC979,686$13.6M2.9%−310,518
Goldman Sachs Group Inc973,138$13.5M0.0%+260,204
Charles Schwab Investment Management Inc805,244$11.2M0.0%+45,127
Gilder Gagnon Howe & Co LLC783,783$10.9M0.1%+284,493
Broad Run Investment Management, LLC660,130$9.2M1.4%−3,070
Morgan Stanley627,593$8.7M0.0%−1,255,479
Aqr Capital Management LLC615,561$8.5M0.0%+405,652
Harspring Capital Management, LLC599,418$8.3M15.5%−487,582
Northern Trust Corp516,683$7.2M0.0%+19,488
UBS Group AG512,618$7.1M0.0%+86,650
CenterBook Partners LP503,457$7.0M0.3%+9,174
AYAL Capital Advisors Ltd400,000$5.6M2.8%New
Frontier Capital Management Co LLC382,608$5.3M0.0%−16,600
Vanguard Fiduciary Trust Co344,108$4.8M0.0%+9,680
Bnp Paribas Financial Markets328,127$4.6M0.0%+250,321

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Cogent Communications is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCOGENT COMMUNICATIONS INC2
  • CIK0001107582
  • Business address1015 31St St, Suite 330, Washington, DC 200072
  • On EDGAR sinceApr 11, 20062
  • Filings4 in all: 8-K (1), S-3 (1), S-3/A (1), S-3ASR (1)2
  • Latest filingsLatest 8-K (8-K) Nov 6, 2012

Sources

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