{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-029043","form_type":"8-K","ticker":"CCOI","cik":"0001158324","company_name":"COGENT COMMUNICATIONS HOLDINGS, INC.","filed_at":"2024-02-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.523954+00:00","generated_at":"2026-06-05T06:10:19.851457+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cogent Q4 EPS $4.17 on $254M Sprint gain; revenue $272.1M (+79% YoY); gross margin falls to 10.9%","bullets":["GAAP diluted EPS $4.17 (Q4) and $26.62 (FY 2023) vs $0.02 and $0.11 in prior year; results inflated by $1.4B bargain purchase gain (incl. $458M IPv4 valuation).","Service revenue $272.1M (Q4), up 79% YoY; full year $940.9M, up 56.9%. On-net revenue up 6.9% QoQ, off-net down 5.3%.","GAAP gross margin collapsed to 10.9% (Q4) from 47% (Q4 2022); Non-GAAP gross margin 36% vs 62.6%. Adjusted EBITDA margin 40.6% (Q4) vs 47.7% (Q3).","Operating cash flow negative $48.7M in Q4; full year $17.3M vs $173.7M in 2022. Net leverage improved to 3.75 from 4.23.","Quarterly dividend raised to $0.965/share (+$0.01), payable April 9, 2024; 46th consecutive increase."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-029043","json":"https://secwatch.observer/filing/0001104659-24-029043.json","markdown":"https://secwatch.observer/filing/0001104659-24-029043.md","text":"https://secwatch.observer/filing/0001104659-24-029043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1158324/000110465924029043/0001104659-24-029043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1158324/000110465924029043/tm247220d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T06:10:19.851457+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"06032962d3e679df1a31315c64e9723a031e2f9b","claim":"COGENT COMMUNICATIONS HOLDINGS, INC. reported financial results for the full year of 2023.","evidence_excerpt":"On February 29, 2024, Cogent Communications Holdings, Inc. issued a press release summarizing its financial results for the fourth quarter of 2023 and the full year of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1158324/000110465924029043/0001104659-24-029043-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year of 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"45c97a717e561963fc67de1b727beb99587071c2","claim":"COGENT COMMUNICATIONS HOLDINGS, INC. reported financial results for the fourth quarter of 2023.","evidence_excerpt":"On February 29, 2024, Cogent Communications Holdings, Inc. issued a press release summarizing its financial results for the fourth quarter of 2023 and the full year of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1158324/000110465924029043/0001104659-24-029043-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}