secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0001104659-26-017862
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cogent Q4 2025 revenue $240.5M, down 4.7% YoY; EPS -$0.64; adj. EBITDA margin 31.9%
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- Service revenue $240.5M in Q4, down 4.7% YoY; full-year 2025 $975.8M vs $1,036.1M in 2024.
- Net loss per share $(0.64) for Q4; full-year loss $(3.80).
- EBITDA as adjusted $76.7M in Q4, up 14.8% YoY; margin 31.9% vs 26.5%.
- Operating cash flow negative $6.0M in Q4 vs positive $14.5M a year ago; full-year negative $10.6M.
- Wavelength revenue $12.1M, up 73.7% YoY; board approved $0.02 quarterly dividend for Q1 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465926017862/0001104659-26-017862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465926017862/tm266769d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-017862

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