Cogent Communications Q1 revenue falls 2.1% to $247.0 million; net loss $52.0 million
Cogent reported first-quarter 2025 service revenue of $247.0 million, down 2.1% from the fourth quarter of 2024 and 7.2% from the first quarter of 2024. The net loss was $52.0 million, or $1.09 per share, compared with a $0.91 per share loss in the fourth quarter and a $1.38 per share loss a year earlier, and the Board approved a quarterly dividend of $1.01 per share, up $0.005.
Key points
- Service revenue was $247.0 million, down 2.1% sequentially and 7.2% year over year.
- Net loss was $52.0 million, or $(1.09) per share, versus $(0.91) in Q4 2024 and $(1.38) in Q1 2024.
- EBITDA rose 4.6% sequentially to $43.8 million; IPv4 address leasing revenue was $14.4 million, up 14.8% from Q4 2024.
- Q2 2025 regular dividend of $1.01 per share is payable June 6, 2025 to holders of record on May 22, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.