Cogent Communications Holdings, Inc (CCOI) Income Statement
CCOI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCCOI revenue and net income
Where CCOI's revenue goes
2025Each bar shows an amount and its share of revenue. CCOI kept −18.7% of revenue as net income.
CCOI profit margins
CCOI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −5.8% | +17.6% | +11.4% | +9.2% |
| Gross profit | −56.7% | −22.8% | −13.3% | −2.9% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CCOI quarterly EPS vs estimates
Cogent Communications beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.83).
CCOI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $975.8M | $1.04B | $940.9M | $599.6M | $589.8M | $568.1M | $546.2M | $520.2M | $485.2M | $446.9M |
| Cost of revenue | $805.1M | $641.8M | $544.2M | $228.2M | $226.3M | $219.2M | $219.8M | $219.5M | $209.3M | $194.1M |
| Gross profit | $170.6M | $394.3M | $396.7M | $371.4M | $363.5M | $348.9M | $326.4M | $300.7M | $275.9M | $252.8M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $274.4M | $79.9M | $275.3M | $163.0M | $162.4M | $158.5M | $146.9M | $133.9M | $127.9M | $120.7M |
| Total operating expenses | $274.4M | $591.9M | $526.0M | $257.5M | $244.2M | $242.0M | $226.1M | $215.1M | $203.8M | $195.9M |
| Operating income | −$103.8M | −$197.6M | −$129.3M | $114.0M | $119.2M | $106.9M | $100.3M | $86.6M | $75.9M | $64.0M |
| Interest income | $23.1M | $39.1M | $35.7M | $3.4M | $1.4M | $978,000 | $9.9M | $5.9M | $3.7M | $1.0M |
| Interest expense | $161.4M | $123.3M | $106.8M | $67.6M | $58.1M | $62.5M | $57.5M | $51.1M | $48.5M | $40.8M |
| Income before taxes | −$245.0M | −$259.6M | $1.22B | $26.4M | $71.4M | $10.3M | $52.7M | $41.4M | $31.1M | $24.3M |
| Income taxes | −$62.8M | −$55.6M | −$54.0M | $21.2M | $23.2M | $4.1M | $15.2M | $12.7M | $25.2M | $9.3M |
| Net income | −$182.2M | −$204.1M | $1.27B | $5.1M | $48.2M | $6.2M | $37.5M | $28.7M | $5.9M | $14.9M |
| EBITDA | $186.6M | $161.7M | $1.56B | $229.3M | $218.7M | $156.3M | $190.4M | $166.8M | $148.0M | $135.2M |
| EPS (diluted) | −$3.48 | −$3.24 | $26.76 | $0.02 | $1.74 | $0.80 | $0.82 | $0.62 | $0.35 | $0.31 |
| Gross margin | 17.5% | 38.1% | 42.2% | 61.9% | 61.6% | 61.4% | 59.8% | 57.8% | 56.9% | 56.6% |
| Operating margin | −10.6% | −19.1% | −13.7% | 19.0% | 20.2% | 18.8% | 18.4% | 16.6% | 15.6% | 14.3% |
| Net margin | −18.7% | −19.7% | 135.3% | 0.9% | 8.2% | 1.1% | 6.9% | 5.5% | 1.2% | 3.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $235.6M | $239.2M | $240.5M | $241.9M | $246.2M | $247.0M | $252.3M | $257.2M | $260.4M | $266.2M | $272.1M | $275.4M |
| Cost of revenue | $254.2M | $129.2M | $186.8M | $112.5M | $212.8M | $137.4M | $155.2M | $161.6M | $156.2M | $168.9M | $174.5M | $173.6M |
| Gross profit | $220.5M | $110.0M | $53.7M | $110.3M | $33.5M | $109.6M | $97.1M | $95.7M | $104.3M | $97.2M | $97.6M | $101.8M |
| Sales, general & admin | $144.4M | $72.3M | $65.2M | $70.4M | $64.9M | $73.9M | $63.1M | $67.7M | $68.3M | $76.7M | $81.3M | $130.6M |
| Total operating expenses | $115.1M | $123.5M | $65.2M | $128.4M | $64.9M | $149.9M | $130.3M | $153.5M | $151.4M | $156.6M | $166.1M | $152.4M |
| Operating income | $105.4M | −$13.5M | −$11.5M | −$18.1M | −$31.5M | −$40.3M | −$33.2M | −$57.8M | −$47.1M | −$59.4M | −$68.5M | −$50.6M |
| Interest income | $6.4M | $6.4M | $7.7M | $8.9M | $4.7M | $5.1M | $16.0M | $5.8M | $8.8M | $10.1M | $11.4M | $12.6M |
| Interest expense | $87.6M | $43.9M | $44.4M | $43.4M | $39.8M | $35.1M | $37.7M | $28.0M | $29.5M | $23.5M | $34.9M | $29.0M |
| Income before taxes | $32.1M | −$51.0M | −$47.6M | −$52.6M | −$74.5M | −$70.3M | −$55.0M | −$80.0M | −$40.2M | −$84.4M | $179.8M | −$70.3M |
| Income taxes | $5.0M | −$11.4M | −$16.8M | −$11.1M | −$16.7M | −$18.2M | −$11.7M | −$16.9M | −$7.9M | −$19.1M | −$20.4M | −$13.6M |
| Net income | $66.6M | −$39.5M | −$30.8M | −$41.5M | −$57.8M | −$52.0M | −$43.3M | −$63.1M | −$32.3M | −$65.3M | $200.2M | −$56.7M |
| EBITDA | $226.8M | $47.0M | $55.2M | $51.2M | $40.5M | $40.9M | $50.0M | $33.8M | $63.4M | $16.1M | $282.5M | $45.4M |
| EPS (diluted) | −$0.80 | −$0.47 | −$0.31 | −$0.87 | −$1.21 | −$1.09 | −$1.33 | −$1.33 | $0.66 | −$1.24 | $4.17 | −$1.20 |
| Gross margin | 93.6% | 46.0% | 22.3% | 45.6% | 13.6% | 44.4% | 38.5% | 37.2% | 40.0% | 36.5% | 35.9% | 37.0% |
| Operating margin | 44.8% | −5.6% | −4.8% | −7.5% | −12.8% | −16.3% | −13.2% | −22.5% | −18.1% | −22.3% | −25.2% | −18.4% |
| Net margin | 28.3% | −16.5% | −12.8% | −17.2% | −23.5% | −21.1% | −17.2% | −24.5% | −12.4% | −24.5% | 73.6% | −20.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CCOI's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CCOI financial results
In fiscal year 2025 (ended December 31, 2025), Cogent Communications reported revenue of $975.8 million, down 5.8% from the year before. It had a net loss of $182.2 million, a net profit margin of −18.7%. Diluted earnings per share came to −$3.48. Over five years revenue grew at an average rate of 11.4% a year.
See the CCOI stock overview for the latest quote and news, or the CCOI chart for price history and technical indicators.
CCOI income statement FAQ
What is Cogent Communications's annual revenue?
Cogent Communications reported total revenue of $975.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 5.8% from $1.0 billion the previous year.
Is Cogent Communications profitable?
No. Cogent Communications reported a net loss of $182.2 million in fiscal 2025, a net profit margin of −18.7%; its operating margin was −10.6%.
What is Cogent Communications's gross margin?
Cogent Communications's gross margin was 17.5% in fiscal 2025: for every $100 of revenue, Cogent Communications kept $17 after the direct cost of its products and services.
How fast is Cogent Communications growing?
Revenue grew 11.4% a year on average over the last five fiscal years, from $568.1 million to $975.8 million.
What are Cogent Communications's earnings per share?
Cogent Communications earned $-3.48 per diluted share in fiscal 2025, compared with $-3.24 a year earlier.
When will Cogent Communications report its next earnings?
Cogent Communications is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Cogent Communications's fiscal year end?
Cogent Communications's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.