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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.
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Cogent Communications is a U.S.-based bandwidth-focused ISP that operates a large fiber backbone offering IP transit, Ethernet and colocation services to carriers, enterprises and data centers. Long-term growth may be supported by rising internet traffic, cloud and content delivery demand and expansion of its fiber footprint. It may be attractive for recurring, contract-based revenue and scale benefits that support margins.
Key risks include intense competition from larger fiber and telecom providers, capital intensity to expand coverage, sensitivity to bandwidth pricing and potential peering or execution disputes that could pressure margins.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -244.97M | -259.65M | 1219.48M | 26.38M | 71.42M |
| Net income | -182.17M | -204.07M | 1273.44M | 5.15M | 48.19M |
| Selling general administrative | 274.44M | 76.70M | 275.32M | 163.02M | 162.38M |
| Selling and marketing expenses | - | 3.19M | - | 163.02M | 162.38M |
| Gross profit | 170.62M | 394.27M | 396.69M | 371.45M | 363.46M |
| Reconciled depreciation | 270.18M | 298.02M | 232.21M | 92.22M | 89.24M |
| Ebit | -83.60M | -136.33M | 1326.26M | 113.96M | 119.23M |
| Ebitda | 186.58M | 161.69M | 1558.47M | 211.87M | 202.52M |
| Depreciation and amortization | 270.18M | 298.02M | 232.21M | 97.91M | 83.28M |
| Non operating income net other | - | - | - | -39.67M | -13.26M |
| Operating income | -103.81M | -197.61M | -129.33M | 113.96M | 119.23M |
| Other operating expenses | 1079.58M | 1233.71M | 1070.25M | 483.40M | 477.96M |
| Interest expense | 161.36M | 123.32M | 106.78M | 67.58M | 67.07M |
| Tax provision | -62.79M | -55.58M | -53.96M | 21.23M | 23.23M |
| Interest income | 23.08M | 39.07M | 35.72M | 3.44M | 1.44M |
| Net interest income | -138.29M | -84.25M | -71.07M | -64.15M | -65.64M |
| Non recurring | - | - | - | 2.25M | -0.02M |
| Income tax expense | -62.79M | -55.58M | -53.96M | 21.23M | 23.23M |
| Total revenue | 975.77M | 1036.10M | 940.92M | 599.60M | 589.80M |
| Total operating expenses | 274.44M | 591.87M | 526.02M | 255.24M | 251.62M |
| Cost of revenue | 805.14M | 641.84M | 544.23M | 228.15M | 226.34M |
| Total other income expense net | -141.15M | -62.04M | 1348.81M | -87.58M | -47.81M |
| Net income from continuing ops | -182.17M | -204.07M | 1273.44M | 5.15M | 48.19M |
| Net income applicable to common shares | - | - | - | 5.15M | 48.19M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 3099.78M | 3173.10M | 3473.84M | 1010.18M | 984.56M |
| Intangible assets | 469.25M | 471.03M | 472.81M | - | - |
| Other current assets | 67.70M | 103.53M | 80.59M | 45.88M | 39.02M |
| Total liab | 3163.63M | 2950.25M | 2864.28M | 1528.81M | 1357.65M |
| Total stockholder equity | -63.85M | 222.85M | 609.56M | -518.63M | -373.10M |
| Other current liab | 103.17M | 100.13M | 185.86M | 58.98M | 34.95M |
| Common stock | 0.05M | 0.05M | 0.05M | 0.05M | 0.05M |
| Capital stock | 0.05M | 0.05M | 0.05M | 0.05M | 0.05M |
| Retained earnings | -708.58M | -376.35M | 17.14M | -1074.59M | -909.88M |
| Other liab | - | - | - | 50.74M | 44.61M |
| Other assets | - | -277.80M | 0.00M | 18.24M | 15.41M |
| Cash | 205.11M | 198.49M | 113.78M | 223.78M | 319.61M |
| Total current liabilities | 220.84M | 253.34M | 373.32M | 120.28M | 81.01M |
| Current deferred revenue | 6.42M | 6.24M | 6.55M | 4.91M | 4.89M |
| Net debt | 2726.26M | 2138.43M | 1714.38M | 1131.30M | 941.67M |
| Short term debt | 80.69M | 78.40M | 132.56M | 29.19M | 29.25M |
| Short long term debt total | 2931.37M | 2336.92M | 1828.16M | 1355.08M | 1261.28M |
| Other stockholder equity | 643.26M | 629.83M | 606.75M | 575.06M | 547.73M |
| Property plant equipment | - | - | - | 544.43M | 457.88M |
| Total current assets | 450.58M | 482.10M | 513.63M | 365.91M | 409.58M |
| Net tangible assets | - | - | - | -518.63M | -373.10M |
| Net receivables | 177.77M | 180.08M | 319.26M | 44.12M | 41.94M |
| Long term debt | 1713.94M | 1439.36M | 945.59M | 944.26M | 394.11M |
| Inventory | - | - | - | 52.13M | 9.02M |
| Accounts payable | 30.57M | 39.80M | 48.36M | 27.21M | 11.92M |
| Accumulated other comprehensive income | 1.43M | -30.68M | -14.38M | -19.16M | -11.00M |
| Common stock total equity | - | - | - | 0.05M | 0.05M |
| Retained earnings total equity | - | - | - | -1074.59M | -909.88M |
| Non currrent assets other | -281.49M | 231.49M | 23.44M | 18.24M | 15.41M |
| Non current assets total | 2649.20M | 2691.00M | 2960.21M | 644.27M | 574.98M |
| Capital lease obligations | 947.68M | 897.56M | 882.57M | 410.82M | 369.86M |
| Long term debt total | - | - | - | 497.89M | 394.11M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | 21.49M | -2.98M | -78.97M | -69.92M |
| Change to liabilities | - | - | - | 20.64M | 9.87M |
| Total cashflows from investing activities | -87.57M | 21.49M | 76.73M | -78.97M | -69.92M |
| Net borrowings | 229.48M | 301.10M | -77.36M | 445.22M | 490.01M |
| Total cash from financing activities | 62.90M | 105.92M | -257.85M | -144.85M | -140.82M |
| Change to operating activities | - | - | - | 35.40M | -0.03M |
| Net income | -182.17M | -204.07M | 1273.44M | 5.15M | 48.19M |
| Change in cash | -22.80M | 114.14M | -162.13M | -52.71M | -42.68M |
| Begin period cash flow | 227.92M | 113.78M | 275.91M | 328.62M | 371.30M |
| End period cash flow | 205.11M | 227.92M | 113.78M | 275.91M | 328.62M |
| Total cash from operating activities | -10.58M | -8.64M | 17.34M | 173.71M | 170.26M |
| Depreciation | 270.18M | 298.02M | 232.21M | 92.22M | 89.24M |
| Other cashflows from investing activities | 100.00M | 204.17M | 204.17M | - | - |
| Dividends paid | 150.06M | 189.41M | 181.72M | -169.86M | -150.29M |
| Change to account receivables | 8.83M | 42.99M | -55.52M | -2.84M | 1.39M |
| Sale purchase of stock | -16.69M | -7.97M | 257.85M | 0.61M | 1.82M |
| Other cashflows from financing activities | 62.90M | 2.20M | 1.23M | 445.83M | 491.83M |
| Change to netincome | - | - | - | 52.90M | 27.23M |
| Capital expenditures | 187.57M | 195.00M | 129.63M | 78.97M | 69.92M |
| Change receivables | - | - | - | -2.84M | 1.39M |
| Cash flows other operating | - | - | - | 4.18M | -7.40M |
| Exchange rate changes | - | - | - | -2.60M | -2.19M |
| Cash and cash equivalents changes | - | - | - | -52.71M | -42.68M |
| Change in working capital | -50.48M | -30.34M | -12.06M | 53.20M | 11.22M |
| Stock based compensation | 26.42M | 25.74M | 26.92M | 24.44M | 26.82M |
| Other non cash items | 16.87M | -46.36M | -1433.59M | -17.84M | -23.37M |
| Free cash flow | -198.15M | -203.64M | -112.29M | 94.74M | 100.34M |
Sector: Communication Services Industry: Telecom Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CCOI Cogent Communications Group Inc |
0.09 2.26% |
4.07 | - | 5000.00 | 1.31 | 40.28 | 3.83 | 20.02 |
| SFTBF Softbank Group Corp. |
-0.10 0.43% |
23.00 | 6.45 | 73.53 | 0.03 | 1.82 | 6.60 | 6.57 |
| SFTBY SoftBank Group Corp |
0.15 1.31% |
11.62 | 6.42 | 72.99 | 0.03 | 1.81 | 6.60 | 6.57 |
| TMUS T-Mobile US Inc |
2.74 1.69% |
164.75 | 19.12 | 12.95 | 2.10 | 3.49 | 3.39 | 9.70 |
| T AT&T Inc. |
0.01 0.07% |
21.64 | 8.76 | 10.39 | 1.44 | 1.65 | 2.57 | 6.09 |
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.
2450 North Street NW, Washington, DC, United States, 20037
202 295 4200
1833
| Name | Title | Year Born |
|---|---|---|
| Mr. David Schaeffer Ph.D. | Founder, Chairman, CEO & Pres | 1956 |
| Mr. Raymond Brad Kummer | CTO & VP of Optical Transport Engineering | 1949 |
| Mr. John B. Chang | Chief Legal Officer | 1972 |
| Mr. James Bubeck | Chief Revenue Officer & VP of Global Sales | 1966 |
| Mr. Timothy G. O'Neill | VP of Field Engineering, Construction and Network Operations | 1956 |
| Mr. Thaddeus G. Weed | CFO and Sr. VP ? Audit & Operations | 1961 |
| Mr. Vincent Teissier | Director of Bus. Devel. | 1968 |
| Mr. Jean-Michel F.F Slagmuylder | Chief Financial Officer for European Operations | 1963 |
| Mr. Ried R. Zulager | Sec. | NA |
| Mr. David Schaeffer Ph.D. | Founder, Chairman, CEO & President | 1956 |
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