---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-059108"
form_type: "8-K"
ticker: "CCOI"
cik: "0001158324"
company_name: "COGENT COMMUNICATIONS HOLDINGS, INC."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T04:55:42.657960+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cogent posts Q1 2024 net loss of $1.38/share; service revenue $266.2M; raises quarterly dividend to $0.975/share

## Summary
- Diluted EPS $(1.38) vs $4.17 in Q4 2023; GAAP gross margin 9.9% vs 10.9% in Q4.
- Service revenue $266.2M, down 2.2% sequentially; adjusted EBITDA $115.0M (43.2% margin), up from $110.5M.
- Quarterly dividend increased to $0.975/share payable June 7, 2024, 47th consecutive increase.
- Net cash provided by operating activities improved to $19.2M from $(48.7)M in Q4; gross leverage ratio improved to 3.57x from 4.07x.
- Issued $206M of 7.924% IPV4 Securitized Notes on May 2, 2024; T-Mobile IP Transit agreement contributed $87.5M in Q1.

## SEC filing metadata
- accession: 0001104659-24-059108
- form_type: 8-K
- ticker: CCOI
- cik: 0001158324
- company_name: COGENT COMMUNICATIONS HOLDINGS, INC.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158324/000110465924059108/0001104659-24-059108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158324/000110465924059108/tm2413490d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-059108
- JSON: https://secwatch.observer/filing/0001104659-24-059108.json
- Plain text: https://secwatch.observer/filing/0001104659-24-059108.txt

## Key facts
- Earnings Releases
  COGENT COMMUNICATIONS HOLDINGS, INC. reported first quarter of 2024 results: revenue $266.2 million.
  - Period: first quarter of 2024
  - Revenue: $266.2 million
  - Result: reported results
  source text: Cogent Communications Holdings, Inc. (NASDAQ: CCOI) (“Cogent”) today announced service revenue of $266.2 million for the three months ended March 31, 2024, a decrease of 2.2% from the three months ended December 31, 2023 and an increase of 73.3% from the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158324/000110465924059108/0001104659-24-059108-index.htm

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