CCOI Financials Cogent Communications Holdings, Inc.

10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 30 h ago Overview →

Growth & profitability

Revenue has grown 11.4% per year over the past 5 years.
Operating margin has contracted, at -10.4% in the latest year.

Financial health

Total debt ($1.7B) exceeds cash ($149M); net debt is $1.6B.
Total debt has grown faster than revenue (14.4% vs 11.4% per year).
Total debt is 10× EBITDA.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.

Shareholder returns

Dividends have been paid for 10 consecutive years.
The dividend has grown 3.0% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$976M	-$182M	45.2%	-10.4%	-$198M	$1.7B	$149M
2024	$1.0B	-$204M	38.1%	-19.1%	-$204M	$1.5B	$198M
2023	$941M	$1.3B	42.2%	-13.7%	-$112M	$950M	$75M
2022	$600M	—	61.9%	19.0%	$95M	$950M	$224M
2021	$590M	—	61.6%	20.2%	$100M	$898M	$320M
2020	$568M	—	61.4%	18.8%	$84M	$882M	$371M
2019	$546M	—	59.8%	18.4%	$102M	$798M	$399M
2018	$520M	—	57.8%	16.6%	$84M	$645M	$276M
2017	$485M	—	56.9%	15.6%	$66M	$575M	$247M
2016	$447M	—	56.6%	14.3%	$63M	$570M	$274M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$239M	-$40M	46.0%	-5.6%	-$31M	—	$140M
Dec '25	$241M	-$31M	46.6%	-4.7%	-$43M	$1.7B	$149M
Sep '25	$242M	-$42M	45.6%	-7.5%	-$33M	—	$147M
Jun '25	$246M	-$58M	44.2%	-12.8%	-$100M	—	$214M
Mar '25	$247M	-$52M	44.4%	-16.3%	-$22M	—	$154M
Dec '24	$252M	-$43M	38.5%	-13.2%	-$32M	$1.5B	$198M
Sep '24	$257M	-$63M	37.2%	-22.5%	-$79M	—	$279M
Jun '24	$260M	-$32M	40.0%	-18.1%	-$71M	—	$384M
Mar '24	$266M	—	36.5%	-22.3%	-$22M	—	$118M
Dec '23	$272M	—	35.9%	-25.2%	-$92M	$950M	$75M
Sep '23	$275M	—	37.0%	-18.4%	-$78M	—	$110M
Jun '23	$240M	—	42.7%	-14.4%	$45M	—	$192M
Mar '23	$154M	—	61.8%	15.8%	$13M	—	$184M
Dec '22	$152M	—	62.5%	18.1%	$17M	$950M	$224M
Sep '22	$150M	—	61.9%	18.7%	$30M	—	$269M
Jun '22	$148M	—	61.9%	19.9%	$17M	—	$312M
Mar '22	$149M	—	61.5%	19.3%	$31M	—	$281M
Dec '21	$147M	—	61.7%	24.6%	$21M	$898M	$320M
Sep '21	$148M	—	61.7%	19.3%	$25M	—	$352M
Jun '21	$148M	—	62.0%	19.1%	$23M	—	$374M

Valuation over time

How the market has priced CCOI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 3.0× (Jan '24) to 3.2× (Nov '24).
The price-to-sales ratio has fallen from 5.3× (Mar '23) to 0.7× (Jun '26).
The dividend yield has risen from 5.3% (Mar '23) to 22.8% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is CCOI growing its revenue and profit?

Over the past 5 years, Cogent Communications Holdings, Inc.'s revenue has grown 11.4% per year. These are computed facts, not advice.

How much debt does CCOI have?

As of FY2025, Cogent Communications Holdings, Inc. reported $1.7B of total debt against $149M of cash.

What is CCOI's profit margin?

In FY2025, gross margin was 45.2%, operating margin -10.4%, and net margin -18.7%.

What is CCOI's P/E ratio?

As of Jun '26, Cogent Communications Holdings, Inc. traded at a price-to-earnings ratio of about 3.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.