Highest-materiality recent filing
Cogent Q2 2026 service revenue $235.6M, down 1.5% QoQ; sells 10 data centers for $224.2M gain
Service revenue $235.6M, down 1.5% sequentially and 4.3% YoY; on-net revenue up 0.7% QoQ to $150.2M.
Cogent Communications closes sale of 10 data center facilities for $225M cash to I Squared Capital
Aggregate purchase price of $225 million in cash.
Cogent sells 10 data centers for $225M to I Squared Capital affiliate
$225M cash sale of 10 data center facilities to an affiliate of I Squared Capital.
Cogent Q1 2026 service revenue $239.2M (-3.2% YoY); adj. EBITDA $70.2M, net loss $(0.83)/share
Service revenue $239.2M, down 0.6% QoQ and 3.2% YoY; constant-currency decline of 4.6% YoY.
Cogent Q4 2025 revenue $240.5M, down 4.7% YoY; EPS -$0.64; adj. EBITDA margin 31.9%
Service revenue $240.5M in Q4, down 4.7% YoY; full-year 2025 $975.8M vs $1,036.1M in 2024.
Cogent extends CEO Schaeffer's term to 2028, sets $1M salary and $1.25M bonus target
CEO David Schaeffer’s employment extended through Dec 31, 2028; annual salary set at $1M, target cash bonus $1.25M based on EBITDA growth.
Cogent Q3 service revenue $241.9M, down 1.7% QoQ; enters LOI to sell two data centers for $144M
Service revenue $241.9M (-1.7% QoQ, -5.9% YoY); on-net revenue up 2.2% to $135.3M.
Service revenue $246.2M, down 0.3% seq and 5.5% YoY; net loss per share $(1.21) vs $(0.68) YoY.
Cogent issues $600M 6.5% senior secured notes due 2032; redeems existing 3.5% notes
Issued $600M aggregate principal of 6.500% senior secured notes due July 1, 2032.
Cogent subsidiaries price $600M of 6.5% senior secured notes due 2032
$600M aggregate principal of 6.500% senior secured notes due 2032 priced for private placement.
Issuers intend to offer $600M aggregate principal of senior secured notes due 2032 in private placement.
Cogent reports Q4 service revenue $252.3M, net loss $0.91/shr; raises dividend $0.01 to $1.005
Service revenue $252.3M (down 1.9% QoQ); full year $1.036B (up 10.1% YoY).
Cogent Communications extends CEO Schaeffer's contract to 2027; new cash and equity comp
CEO David Schaeffer's employment term extended to December 31, 2027 via Amendment No. 10.
Cogent Q3 revenue $257.2M (-1.2% QoQ); GAAP loss per share $(1.33); dividend hiked to $0.995
Service revenue $257.2M, down 1.2% sequentially and 6.6% YoY; wavelength revenue rose 45.8% to $5.3M.
Cogent Q2 service revenue $260.4M, up 8.6% YoY; net loss $(0.68)/share; dividend raised to $0.985
Service revenue $260.4M, down 2.2% QoQ but up 8.6% YoY; on-net revenue $140.6M (+10.3% YoY).
Cogent Communications issues $300M of 7.000% senior notes due 2027
Issued $300M aggregate principal of 7.000% senior notes due June 15, 2027; net proceeds ~$292.3M.
Cogent prices $300M of 7.000% senior notes due 2027 at 98.50% of face value
Offering of $300M aggregate principal amount of 7.000% senior notes due 2027 priced at 98.50% of face value.
$300M aggregate principal of 7.000% senior notes due 2027 offered under Rule 144A and Regulation S.
Diluted EPS $(1.38) vs $4.17 in Q4 2023; GAAP gross margin 9.9% vs 10.9% in Q4.
Cogent Communications closes $206M securitization of IPv4 address revenue notes at 7.924%
Issued $206M aggregate principal of 7.924% secured IPv4 address revenue notes, Series 2024-1 Class A-2, maturing May 2029 (ARD) with legal final May 2054.
Cogent Communications subsidiary to offer ~$206M of IPv4 address revenue term notes
Securitization issuer, a bankruptcy-remote subsidiary, plans $206M secured notes backed by IPv4 addresses.
Cogent Q4 EPS $4.17 on $254M Sprint gain; revenue $272.1M (+79% YoY); gross margin falls to 10.9%
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).
Q3 2023 service revenue $275.4M, up 14.9% QoQ and 83.6% YoY.
Cogent corrects Q2 EBITDA adjusted to $54.1M; reports $1.2B Sprint gain, dividend raised to $0.945
Correction: Q2 2023 EBITDA as adjusted for Sprint costs and IP Transit payments is $54.1M, not $56.0M as originally reported.
Service revenue $239.8M, up 56.1% QoQ and 61.5% YoY, including $78M from acquired Sprint Wireline Business.
Cogent files audited financials for Wireline Business acquisition; shows $863.9M net loss for 2022
Wireline Business net loss $863.9M in 2022 (vs. $666.3M in 2021); operating loss $865.6M.
Cogent closes Sprint wireline acquisition; Q1 revenue $153.6M, dividend raised to $0.935
Acquisition of Sprint Wireline closed May 1; net payment of $61.1M to seller after working capital adjustment.
Cogent closes T-Mobile Wireline acquisition; ~$61.1M net payment; $700M IP transit contract
Cogent paid ~$61.1M net cash to Sprint/T-Mobile for Wireline Business (Sprint legacy long-haul fiber network).
Cogent Q4 2022 service revenue $152M (+3.2% YoY); dividend raised to $0.925/share
Service revenue $152.0M in Q4 2022, up 1.3% QoQ and 3.2% YoY; full year 2022 service revenue $599.6M, up 1.7% YoY.
Cogent enters two related-party leases with CEO's entities for office and network ops space
Office lease: 54,803 sq ft in Herndon, VA; fixed annual rent $1,205,666 for 5-year term.
Service revenue $150.0M (+1.0% QoQ, +1.4% YoY); on constant currency +4.3% YoY.
Cogent to acquire T-Mobile's Wireline business; $1 purchase price plus $700M IP transit deal
Purchase price of $1 for membership interests; T-Mobile to pay $700M for IP transit services over 54 months.
Cogent Q2 service revenue $148.5M; EBITDA margin 39.4%; dividend raised to $0.905
Service revenue $148.5M, down 0.5% QoQ, up 0.4% YoY; on constant currency +0.4% QoQ, +2.7% YoY.
Cogent Communications Holdings, Inc. (the “Company”) announces the departure of Mr. Greg O’Connor, Vice President and Chief Operating Officer with effect from August 28, 2023.
On May 3, 2023, the Board of Directors (the “Board”) of Cogent Communications Holdings, Inc. (the “Company”) appointed Greg W. O’Connor as Vice President and Chief Operating Officer of the Company.
On June 24, 2022, the board of directors (the “Board”) of Cogent Communications Holdings, Inc. (the “Company”) appointed Ms. Eve Howard to serve as a director of the Company, effective July 1, 2022.
On May 4, 2022, Cogent Communications Holdings, Inc. (the “Company”) announced the appointment of Ms. Deneen Howell as a director of the Company.
On April 29, 2022, Cogent Communications Holdings, Inc. (the “Company”) announced that Sean Wallace resigned as Vice President, Chief Financial Officer and Treasurer of the Company, effective April 29, 2022.
Mr. Thaddeus G. Weed will resume service as Vice President, Chief Financial Officer and Treasurer (Principal Financial and Principal Accounting Officer) of the Company, effective upon Mr. Wallace’s resignation.
the Board has appointed Paul de Sa to serve as a director of the Company, effective December 31, 2021.
On December 23, 2021, Carolyn Katz resigned from the board of directors (the “Board”) of Cogent Communications Holdings, Inc. (the “Company”), effective on December 31, 2021.
Max materiality 0.90 · Median 0.65 · Most common event earnings