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AI brief of an SEC Form 8-K · Cogent Communications Holdings (CCOI)

Cogent Communications Q4 2025 revenue falls 4.7% as adjusted EBITDA rises 14.8%

Mixed Impact 3 of 5 earnings Written later

Cogent Communications reported fourth-quarter 2025 service revenue of $240.5 million, down 0.6% from the prior quarter and down 4.7% from a year earlier, and full-year 2025 service revenue of $975.8 million versus $1,036.1 million in 2024. Adjusted EBITDA rose to $76.7 million, and the basic and diluted net loss per share narrowed to $(0.64) from $(0.91) a year earlier, so revenue declined while profit measures improved for shareholders.

Key points

  • Q4 2025 service revenue was $240.5 million, down 0.6% sequentially and down 4.7% year over year.
  • Q4 2025 EBITDA, as adjusted, was $76.7 million, up 14.8% from $66.9 million in Q4 2024; the adjusted EBITDA margin was 31.9%.
  • Basic and diluted net loss per share was $(0.64) for Q4 2025 versus $(0.91) for Q4 2024; full-year 2025 was $(3.80) versus $(4.28) for 2024.
  • The Board approved a regular quarterly dividend of $0.02 per share payable March 20, 2026, and 2025 dividends totaled $150.1 million, or $3.05 per share.

The filing

CompanyCogent Communications Holdings (CCOI)
Form8-K, current report
Filed with the SECFeb 20, 2026, 7:20 AM ET
Accession number0001104659-26-017862

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing 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 February 20, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.