secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001104659-25-107367
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465925107367/0001104659-25-107367-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465925107367/tm2530118d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-107367

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer