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Equiscale · Syntellia LLC
Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, South America, Europe, Oceania, and Africa. It offers on-net Internet access and private network services to law firms, financial services firms, and advertising and marketing firms, as well as heath care providers, educational institutions and other professional services businesses, other Internet service providers, telephone companies, cable television companies, web hosting companies, media service providers, mobile phone operators, content delivery network companies, and commercial content and application service providers. The company also provides Internet access and private network services to customers that are not located in buildings directly connected to its network; and on-net services to customers located in buildings that are physically connected to its network. In addition, it offers off-net services to corporate customers using other carriers' circuits to provide the last mile portion of the link from the customers' premises to the network. Further, the company operates data centers that allow its customers to collocate their equipment and access the network. It serves primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $976M | $187M | $-182M | $-198M | 285.3% | -5.8% | -10.7% |
| 2024 | $1.0B | $162M | $-204M | $-204M | -91.6% | 10.1% | -116.0% |
| 2023 | $941M | $1.5B | $1.3B | $-112M | 208.9% | 56.9% | 24646.2% |
| 2022 | $600M | $229M | $5M | $95M | -1.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 599.60 | 940.92 | 1,036.10 | 975.77 |
| Operating Revenue | - | 599.60 | 940.92 | 1,036.10 | 975.77 |
| Cost Of Revenue | - | 228.15 | 544.23 | 641.84 | 534.96 |
| Gross Profit | - | 371.45 | 396.69 | 394.27 | 440.80 |
| Operating Expense | - | 255.24 | 507.53 | 573.80 | 544.62 |
| Selling General And Administration | - | 163.02 | 275.32 | 275.78 | 274.44 |
| Total Expenses | - | 483.40 | 1,051.76 | 1,215.64 | 1,079.58 |
| Operating Income | - | 116.21 | -110.84 | -179.53 | -103.81 |
| Total Operating Income As Reported | - | 113.96 | -129.33 | -197.61 | -101.07 |
| EBITDA | - | 229.30 | 1,545.03 | 161.69 | 186.58 |
| Normalized EBITDA | - | 211.87 | 157.09 | 157.56 | 189.44 |
| EBIT | - | 137.07 | 1,312.82 | -136.33 | -83.60 |
| Interest Income | - | 3.44 | 35.72 | 39.07 | 23.08 |
| Interest Expense | - | 110.70 | 93.34 | 123.32 | 161.36 |
| Net Interest Income | - | -107.26 | -57.63 | -84.24 | -138.29 |
| Other Income Expense | - | 17.43 | 1,387.94 | 4.13 | -2.87 |
| Interest Income Non Operating | - | 3.44 | 35.72 | 39.07 | 23.08 |
| Interest Expense Non Operating | - | 110.70 | 93.34 | 123.32 | 161.36 |
| Net Non Operating Interest Income Expense | - | -107.26 | -57.63 | -84.24 | -138.29 |
| Pretax Income | - | 26.38 | 1,219.48 | -259.65 | -244.96 |
| Tax Provision | - | 21.23 | -53.96 | -55.58 | -62.79 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 3.66 | 291.47 | 0.88 | -0.73 |
| Net Income Continuous Operations | - | 5.15 | 1,273.44 | -204.07 | -182.17 |
| Net Income From Continuing And Discontinued Operation | - | 5.15 | 1,273.44 | -204.07 | -182.17 |
| Net Income From Continuing Operation Net Minority Interest | - | 5.15 | 1,273.44 | -204.07 | -182.17 |
| Net Income | - | 5.15 | 1,273.44 | -204.07 | -182.17 |
| Net Income Common Stockholders | - | 5.15 | 1,273.44 | -204.07 | -182.17 |
| Net Income Including Noncontrolling Interests | - | 5.15 | 1,273.44 | -204.07 | -182.17 |
| Normalized Income | - | -8.62 | 176.97 | -207.32 | -180.04 |
| Diluted NI Availto Com Stockholders | - | 5.15 | 1,273.44 | -204.07 | -182.17 |
| Basic Average Shares | - | 46.88 | 47.37 | 47.63 | 47.93 |
| Diluted Average Shares | - | 47.21 | 47.84 | 47.63 | 47.93 |
| Reconciled Depreciation | - | 92.22 | 232.21 | 298.02 | 270.18 |
| Reconciled Cost Of Revenue | - | 228.15 | 544.23 | 641.84 | 534.96 |
| Total Unusual Items | - | 17.43 | 1,387.94 | 4.13 | -2.87 |
| Total Unusual Items Excluding Goodwill | - | 17.43 | 1,387.94 | 4.13 | -2.87 |
| Special Income Charges | - | -14.13 | 1,387.94 | 4.13 | -2.87 |
| Other Special Charges | 7.30 | 11.88 | - | -3.33 | 2.87 |
| Restructuring And Mergern Acquisition | - | 2.25 | -1,387.94 | -0.80 | 0 |
| Gain On Sale Of Security | 23.51 | 31.56 | 13.44 | - | - |
| Depreciation Amortization Depletion Income Statement | - | 92.22 | 232.21 | 298.02 | 270.18 |
| Depreciation And Amortization In Income Statement | - | 92.22 | 232.21 | 298.02 | 270.18 |
| General And Administrative Expense | 162.38 | 163.02 | - | - | - |
| Other Gand A | 162.38 | 163.02 | - | - | - |
| Gain On Sale Of Ppe | 0.02 | 0 | - | - | - |
| Selling And Marketing Expense | 162.38 | 163.02 | - | - | - |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Cogent Communications Holdings, Inc.this co. | CCOI | $866M | -4.75 | -13.56 | 285.3% | 18.11 |
| Sinclair, Inc. | SBGI | $1.0B | -8.94 | 2.26 | -25.3% | 9.48 |
| Emerald Holding, Inc. | EEX | $988M | -32.17 | 2.91 | -9.1% | 23.98 |
| Shenandoah Telecommunications Company | SHEN | $880M | -26.72 | 1.00 | -3.7% | 12.98 |
| Entravision Communications Corporation |
| 2021 | - | - | - | - | - | - | - |
| EVC |
| $835M |
| -10.54 |
| 15.06 |
| -142.8% |
| -14.35 |
| NXDR | NXDR | $820M | - | 1.90 | -12.6% | - |
| Scholastic Corporation | SCHL | $803M | -422.50 | 0.85 | -0.2% | 10.00 |
| Groupon, Inc. | GRPN | $704M | -8.43 | -16.54 | 196.2% | -60.11 |
| QuinStreet, Inc. | QNST | $681M | 144.74 | 2.79 | 1.9% | 19.33 |
| Peer Median | - | -10.54 | 2.08 | -6.4% | 10.00 | |
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historically, Oct has averaged the highest return (+5.4%); Nov the lowest (-8.9%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +12.7%Positive MonthJan 2026: +12.71% | -22.8%Negative MonthFeb 2026: -22.80% | +0.4%Neutral MonthMar 2026: +0.43% | +20.2%Positive MonthApr 2026: +20.22% | -21.6%Negative MonthMay 2026: -21.59% | -21.8%Negative MonthJun 2026: -21.85% | -2.7%Negative MonthJul 2026: -2.74% | -23.2%*Negative MonthAug 2026: -23.22% | — | — | — | — |
| 2025 | -2.2%Negative MonthJan 2025: -2.24% | -3.0%Negative MonthFeb 2025: -3.01% | -16.1%Negative MonthMar 2025: -16.09% | -11.4%Negative MonthApr 2025: -11.35% | -15.9%Negative MonthMay 2025: -15.90% | +5.5%Positive MonthJun 2025: +5.47% | -5.4%Negative MonthJul 2025: -5.43% | -16.1%Negative MonthAug 2025: -16.14% | +0.3%Neutral MonthSep 2025: +0.31% | +7.6%Positive MonthOct 2025: +7.56% | -53.7%Negative MonthNov 2025: -53.75% | +13.0%Positive MonthDec 2025: +13.00% |
| 2024 | +1.5%Neutral MonthJan 2024: +1.50% | +4.8%Positive MonthFeb 2024: +4.81% | -19.3%Negative MonthMar 2024: -19.26% | -1.8%Neutral MonthApr 2024: -1.76% | -7.7%Negative MonthMay 2024: -7.73% | -4.7%Negative MonthJun 2024: -4.69% | +25.1%Positive MonthJul 2024: +25.07% | -0.9%Neutral MonthAug 2024: -0.86% | +8.5%Positive MonthSep 2024: +8.49% | +5.7%Positive MonthOct 2024: +5.73% | +2.4%Positive MonthNov 2024: +2.39% | -6.2%Negative MonthDec 2024: -6.23% |
| 2023 | +20.1%Positive MonthJan 2023: +20.13% | -5.6%Negative MonthFeb 2023: -5.59% | -1.6%Neutral MonthMar 2023: -1.58% | +8.3%Positive MonthApr 2023: +8.35% | -10.9%Negative MonthMay 2023: -10.89% | +9.4%Positive MonthJun 2023: +9.38% | -9.0%Negative MonthJul 2023: -8.99% | +15.3%Positive MonthAug 2023: +15.25% | -12.3%Negative MonthSep 2023: -12.30% | +5.0%Positive MonthOct 2023: +4.98% | -1.7%Neutral MonthNov 2023: -1.72% | +19.1%Positive MonthDec 2023: +19.10% |
| 2022 | -13.1%Negative MonthJan 2022: -13.08% | -0.3%Neutral MonthFeb 2022: -0.33% | +4.7%Positive MonthMar 2022: +4.65% | -11.8%Negative MonthApr 2022: -11.83% | +3.2%Positive MonthMay 2022: +3.23% | +0.6%Neutral MonthJun 2022: +0.61% | +5.0%Positive MonthJul 2022: +5.02% | -16.5%Negative MonthAug 2022: -16.55% | -2.0%Negative MonthSep 2022: -2.05% | +0.7%Neutral MonthOct 2022: +0.67% | +10.6%Positive MonthNov 2022: +10.55% | -1.7%Neutral MonthDec 2022: -1.67% |
| 2021 | — | — | — | — | +0.1%Neutral MonthMay 2021: +0.12% | +1.7%Neutral MonthJun 2021: +1.71% | +0.9%Neutral MonthJul 2021: +0.94% | -6.5%Negative MonthAug 2021: -6.48% | -2.4%Negative MonthSep 2021: -2.40% | +8.1%Positive MonthOct 2021: +8.12% | -2.2%Negative MonthNov 2021: -2.17% | -2.3%Negative MonthDec 2021: -2.34% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
