Quarterly ResultNov 5, 2026, 10:46 AM
Cogent Communications Q3 Net Loss Narrows to $29.77M
AI Summary
Cogent Communications Holdings, Inc. (CCOI) filed its Q3 2026 10-Q report, revealing a narrowed net loss for both the quarter and the year-to-date period. Service revenue saw a slight decrease year-over-year. The company's balance sheet shows a reduction in both total assets and total liabilities. A dividend of $0.02 per share was declared for the quarter.
Key Highlights
- Cogent Communications Holdings, Inc. reported a net loss of $29.77 million for Q3 2026, an improvement from a net loss of $41.54 million in Q3 2025.
- For the nine months ended September 30, 2026, the net loss was $2.67 million, a significant improvement from a net loss of $151.39 million in the same period of 2025.
- Service revenue for Q3 2026 was $231.20 million, down from $241.95 million in Q3 2025.
- Service revenue for the nine months ended September 30, 2026 was $705.95 million, down from $735.24 million in the same period of 2025.
- Total assets decreased to $2.89 billion as of September 30, 2026, from $3.10 billion as of December 31, 2025.
- Total liabilities decreased to $2.95 billion as of September 30, 2026, from $3.16 billion as of December 31, 2025.
- The company paid a dividend of $0.02 per common share for Q3 2026, compared to $1.015 per common share for Q3 2025.
Price Impact
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