Quarterly ResultMay 4, 2026, 12:01 PM
Cogent Communications Q1 Net Loss Per Share $(0.83); Dividend Cut to $0.02
AI Summary
Cogent Communications reported a net loss per common share of $(0.83) for Q1 2026, an improvement from $(1.09) in Q1 2025. However, service revenue decreased to $239.2 million from $247.0 million year-over-year. The company also significantly reduced its dividend declared per common share to $0.02, down from $1.005 in the prior year period, indicating a major shift in shareholder returns. Operating loss improved to $(13.5) million from $(40.3) million.
Key Highlights
- Net loss per common share improved to $(0.83) in Q1 2026 from $(1.09) in Q1 2025.
- Service revenue decreased by 3.2% to $239.2 million for Q1 2026 from $247.0 million in Q1 2025.
- Dividends declared per common share were $0.02, a significant reduction from $1.005 in Q1 2025.
- Operating loss improved to $(13.5) million in Q1 2026 from $(40.3) million in Q1 2025.
- Net cash provided by operating activities was $14.8 million, down from $36.4 million in Q1 2025.
- Total assets decreased to $3.06 billion as of March 31, 2026, from $3.10 billion as of December 31, 2025.
- Interest expense increased to $(43.9) million in Q1 2026 from $(34.2) million in Q1 2025.
Price Impact
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