📊 CCOI Key Takeaways
Investment Thesis
Cogent Communications faces severe financial distress with negative stockholders' equity of -$63.8M, indicating liabilities exceed assets. The company is burning cash with negative operating cash flow (-$10.6M) and free cash flow (-$198.1M), while revenue declined 5.8% YoY and net losses widened to -$182.2M. Deteriorating profitability combined with unsustainable capital expenditure and negative interest coverage presents imminent financial risk.
CCOI Strengths
- Adequate liquidity with current ratio of 2.04x providing near-term operational flexibility
- Cash reserves of $148.5M offer temporary buffer for operations and debt service
- Active insider trading activity (16 Form 4 filings in 90 days) suggests some management confidence
CCOI Risks
- Negative stockholders' equity of -$63.8M indicates insolvency risk and potential equity dilution or default
- Negative free cash flow of -$198.1M annually is unsustainable; company burning cash despite $187.6M capex investment
- Operating cash flow negative at -$10.6M with net losses of -$182.2M demonstrates fundamental business deterioration
- Operating margin of -10.4% with negative interest coverage ratio of -0.8x indicates inability to service debt obligations
- Revenue decline of 5.8% YoY in mature telecom sector suggests competitive pressures and market share losses
Key Metrics to Watch
- Operating cash flow trend and path to positive cash generation
- Revenue stabilization and return to growth trajectory
- Debt refinancing risk and covenant compliance given negative equity and interest coverage
- Capital expenditure reduction relative to revenue base for sustainability
CCOI Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 2.04x current ratio provides a solid financial cushion.
CCOI Profitability Ratios
CCOI vs Default Sector
How COGENT COMMUNICATIONS HOLDINGS, INC. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CCOI Balance Sheet & Liquidity
CCOI 5-Year Financial Trend
5-Year Trend Summary: COGENT COMMUNICATIONS HOLDINGS, INC.'s revenue has grown significantly by 76% over the 5-year period, indicating strong business expansion. The most recent EPS of $26.62 reflects profitable operations.
CCOI Growth Metrics (YoY)
CCOI Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $241.9M | -$41.5M | $-0.87 |
| Q2 2025 | $246.2M | -$32.3M | $-0.68 |
| Q1 2025 | $247.0M | N/A | $-1.09 |
| Q3 2024 | $257.2M | N/A | $-1.20 |
| Q2 2024 | $239.8M | N/A | $-0.68 |
| Q3 2023 | $150.0M | N/A | $0.09 |
| Q2 2023 | $148.5M | N/A | $0.24 |
| Q1 2023 | $149.2M | N/A | $0.02 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CCOI Capital Allocation
CCOI SEC Filings
Access official SEC EDGAR filings for COGENT COMMUNICATIONS HOLDINGS, INC. (CIK: 0001158324)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 20, 2026 | DEF 14A | tm261415-1_def14a.htm | View → |
| Mar 9, 2026 | 4 | xslF345X05/form4-03092026_120343.xml | View → |
| Mar 5, 2026 | 4 | xslF345X05/form4-03052026_090346.xml | View → |
| Mar 5, 2026 | 4 | xslF345X05/form4-03052026_090327.xml | View → |
| Mar 5, 2026 | 4 | xslF345X05/form4-03052026_090344.xml | View → |
❓ Frequently Asked Questions about CCOI
What is the AI rating for CCOI?
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CCOI's key strengths?
Adequate liquidity with current ratio of 2.04x providing near-term operational flexibility. Cash reserves of $148.5M offer temporary buffer for operations and debt service.
What are the risks of investing in CCOI?
Negative stockholders' equity of -$63.8M indicates insolvency risk and potential equity dilution or default. Negative free cash flow of -$198.1M annually is unsustainable; company burning cash despite $187.6M capex investment.
What is CCOI's revenue and growth?
COGENT COMMUNICATIONS HOLDINGS, INC. reported revenue of $975.8M.
Does CCOI pay dividends?
COGENT COMMUNICATIONS HOLDINGS, INC. pays dividends, with $150.1M distributed to shareholders in the trailing twelve months.
Where can I find CCOI SEC filings?
Official SEC filings for COGENT COMMUNICATIONS HOLDINGS, INC. (CIK: 0001158324) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CCOI's EPS?
COGENT COMMUNICATIONS HOLDINGS, INC. has a diluted EPS of $-3.80.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.