COGENT COMMUNICATIONS HOLDINGS, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $975.8M | $1.0B | $940.9M | $599.6M | $589.8M |
| Cost of revenue | $535.0M | $641.8M | $544.2M | $228.2M | $226.3M |
| Selling, general & administrative | $274.4M | $275.8M | $275.3M | $163.0M | $162.4M |
| Operating income | -$101.1M | -$197.6M | -$129.3M | $114.0M | $119.2M |
| Interest expense | — | $123.3M | $93.3M | $110.7M | $58.1M |
| Pretax income | -$245.0M | -$259.6M | $1.2B | $26.4M | $71.4M |
| Income tax expense | -$62.8M | -$55.6M | -$54.0M | $21.2M | $23.2M |
| Net income | -$182.2M | -$204.1M | $1.3B | $5.1M | $48.2M |
| Balance Sheet | |||||
| Cash and equivalents | $148.5M | $198.5M | $75.1M | $223.8M | $319.6M |
| Current assets | $450.6M | $482.1M | $513.6M | $365.9M | $409.6M |
| Total assets | $3.1B | $3.2B | $3.2B | $1.0B | $984.6M |
| Current liabilities | $220.8M | $253.3M | $373.3M | $120.3M | $81.0M |
| Total liabilities | $3.2B | $3.0B | $2.6B | $1.5B | $1.4B |
| Stockholders' equity | -$63.8M | $222.8M | $609.6M | -$518.6M | -$373.1M |
| Cash Flow Statement | |||||
| Cash from operations | -$10.6M | -$8.6M | $17.3M | $173.7M | $170.3M |
| Depreciation and amortization | $270.2M | $298.0M | $232.2M | $92.2M | $89.2M |
| Stock-based compensation | $26.4M | $25.7M | $26.9M | $24.4M | $26.8M |
| Capital expenditure | $187.6M | $195.0M | $129.6M | $79.0M | $69.9M |
| Free cash flow | -$198.1M | -$203.6M | -$112.3M | $94.7M | $100.3M |
| Dividends paid | $150.1M | $189.4M | $181.7M | $169.9M | $150.3M |
| Share repurchases | $16.7M | $8.0M | — | — | — |
Shares outstanding 50.1M · Free float 94.5%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.