| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 239.19 | 3.2% |
| Total Income | 239.19 | 3.2% |
| Expenditure | 255.62 | 11.0% |
| PBT | -50.98 | 27.4% |
| Net Profit | -39.54 | 24.0% |
| OPM | -5.65% | 10.66pp |
| NPM | -16.53% | 4.53pp |
| EPS | -0.83 | 23.9% |
Cogent Communications Reports Q1 2026 Results: Service Revenue $239.2M
04 May 2026 · 4 May, 4:41 pm
Summary
Cogent Communications Holdings, Inc. reported service revenue of $239.2 million for Q1 2026, a decrease of 0.6% from Q4 2025 and a decrease of 3.2% from Q1 2025. Wavelength revenue saw significant growth, increasing by 12.3% sequentially and 90.8% year-over-year. On-net revenue increased by 1.0% sequentially and 4.6% year-over-year. The company's EBITDA, as adjusted, was $70.2 million for Q1 2026, a 2.1% increase from Q1 2025, with an adjusted EBITDA margin of 29.3%.
Key Highlights
- 1
Service revenue was $239.2 million for Q1 2026, compared to $240.5 million for Q4 2025.
- 2
Wavelength revenue increased by 12.3% sequentially from Q4 2025 to $13.6 million for Q1 2026 and increased by 90.8% from Q1 2025.
- 3
Wavelength customer connections increased by 9.6% sequentially from Q4 2025 to 2,263 connections for Q1 2026 and increased by 71.2% from Q1 2025.
- 4
On-net revenue increased by 1.0% sequentially from Q4 2025 to $135.6 million for Q1 2026 and increased by 4.6% from Q1 2025.
- 5
Revenue from leasing IPv4 addresses increased by 3.9% sequentially from Q4 2025 to $18.0 million for Q1 2026 and increased by 24.8% from Q1 2025.
- 6
EBITDA, as adjusted, was $70.2 million for Q1 2026 and increased by 2.1% from Q1 2025.
- 7
EBITDA, as adjusted, margin was 29.3% for Q1 2026 and was 27.8% for Q1 2025.
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