---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-089550"
form_type: "8-K"
ticker: "CCOI"
cik: "0001158324"
company_name: "COGENT COMMUNICATIONS HOLDINGS, INC."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T16:34:31.246763+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cogent Q2 2023: revenue up 56% QoQ; $1.2B bargain purchase gain; EPS $23.84; dividend raised to $0.945

## Summary
- Service revenue $239.8M, up 56.1% QoQ and 61.5% YoY, including $78M from acquired Sprint Wireline Business.
- Gain on bargain purchase from Sprint acquisition of $1.2B; includes $620.4M discounted value of $700M IP Transit Agreement with T-Mobile.
- Basic EPS $23.84, diluted $23.65; net income reflects the $1.2B gain.
- Regular quarterly dividend increased to $0.945/share, payable Sept 8, 2023; 44th consecutive quarterly increase.
- EBITDA as adjusted $54.1M (22.5% margin), adding back $29.2M cash from IP Transit agreement and excluding $0.7M acquisition costs.

## SEC filing metadata
- accession: 0001104659-23-089550
- form_type: 8-K
- ticker: CCOI
- cik: 0001158324
- company_name: COGENT COMMUNICATIONS HOLDINGS, INC.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158324/000110465923089550/0001104659-23-089550-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158324/000110465923089550/tm2323172d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-089550
- JSON: https://secwatch.observer/filing/0001104659-23-089550.json
- Plain text: https://secwatch.observer/filing/0001104659-23-089550.txt

## Key facts
- Earnings Releases
  COGENT COMMUNICATIONS HOLDINGS, INC. reported second quarter 2023 results: revenue $239.8 million, EPS $23.84 per basic share.
  - Period: second quarter 2023
  - Revenue: $239.8 million
  - EPS: $23.84 per basic share
  - Result: reported results
  source text: Service revenue increased from Q1 2023 to Q2 2023 by 56.1% to $239.8 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158324/000110465923089550/0001104659-23-089550-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.