Cogent Q3 service revenue $241.9M, down 1.7% QoQ; enters LOI to sell two data centers for $144M

COGENT COMMUNICATIONS HOLDINGS, INC.

2025-Q3 EPS reported -$3.17 revenue$735,242,000

Service revenue $241.9M (-1.7% QoQ, -5.9% YoY); on-net revenue up 2.2% to $135.3M.
Wavelength revenue surged 92.5% YoY to $10.2M; IPv4 lease revenue up 55.5% to $17.5M.
GAAP net loss per share improved to $(0.87) from $(1.21) Q2 and $(1.33) Q3 2024; adjusted EBITDA $73.8M (30.5% margin).
Entered non-binding LOI in Oct 2025 to sell two Sprint-acquired data centers for $144M cash.
Board approved $0.02/share quarterly dividend; stock buyback program temporarily paused.

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