---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-115992"
form_type: "8-K"
ticker: "CCOI"
cik: "0001158324"
company_name: "COGENT COMMUNICATIONS HOLDINGS, INC."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:07:02.525813+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cogent Q3 2023 revenue up 83.6% YoY to $275.4M but net loss per share $1.20; dividend raised to $0.955

## Summary
- Q3 2023 service revenue $275.4M, up 14.9% QoQ and 83.6% YoY.
- Net loss per share $1.20 (basic and diluted); net cash used in operations $52.4M.
- GAAP gross margin fell to 5.5% from 20.8% in Q2; Non-GAAP margin 37.1%.
- EBITDA as adjusted $131.4M, margin 47.7%; gross leverage 4.79, net leverage 4.24.
- Dividend increased to $0.955/share (+1.1% QoQ, +4.4% YoY); 45th consecutive quarterly increase.

## SEC filing metadata
- accession: 0001104659-23-115992
- form_type: 8-K
- ticker: CCOI
- cik: 0001158324
- company_name: COGENT COMMUNICATIONS HOLDINGS, INC.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158324/000110465923115992/0001104659-23-115992-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158324/000110465923115992/tm2330046d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-115992
- JSON: https://secwatch.observer/filing/0001104659-23-115992.json
- Plain text: https://secwatch.observer/filing/0001104659-23-115992.txt

## Key facts
- Earnings Releases
  COGENT COMMUNICATIONS HOLDINGS, INC. reported the three months ended September 30, 2023 results: revenue $275.4 million.
  - Period: the three months ended September 30, 2023
  - Revenue: $275.4 million
  - Result: reported results
  source text: Cogent Communications Holdings, Inc. (NASDAQ: CCOI) (“Cogent”) today announced service revenue of $275.4 million for the three months ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158324/000110465923115992/0001104659-23-115992-index.htm
- Earnings Releases
  COGENT COMMUNICATIONS HOLDINGS, INC. reported financial results for the three months ended June 30, 2023.
  - Period: the three months ended June 30, 2023
  - Result: reported results
  source text: On November 9, 2023, Cogent Communications Holdings, Inc. issued a press release summarizing its financial results for the third quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158324/000110465923115992/0001104659-23-115992-index.htm

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