COGENT COMMUNICATIONS HOLDINGS, INC.
CCOINasdaqCommunication Services · Communications Services, NEC · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $975.8M | $1.04B | $940.9M | $599.6M | $589.8M | $568.1M |
| Operating income | −$101.1M | −$197.6M | −$129.3M | $114.0M | $119.2M | $106.9M |
| Net income | −$182.2M | −$204.1M | $1.27B | $5.1M | $48.2M | $6.2M |
| Total assets | $3.10B | $3.17B | $3.21B | $1.01B | $984.6M | $1.00B |
| Total liabilities | $3.16B | $2.95B | $2.60B | $1.53B | $1.36B | $1.29B |
| Equity | −$63.8M | $222.8M | $609.6M | −$518.6M | −$373.1M | −$293.2M |
| EPS (diluted) | $-3.80 | $-4.28 | $26.62 | $0.11 | $1.03 | $0.13 |
| Shares out. | 49.3M | 47.4M | 48.3M | 47.9M | 47.2M | 46.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −10.4%
- Net margin
- −18.7%
- Return on equity
- 285.3%
- Return on assets
- −5.9%
- Return on capital (ROCE)
- −3.5%
- Liabilities / assets
- 102.1%
- Debt / equity
- —
- Book value / share
- $-1.29
- Revenue growth (YoY)
- −5.8%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -0.50distress
- Accruals / assets
- −5.5%clean
- Beneish M-Score
- -2.97normal
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 5 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Park West Asset Management LlcPassive (13G)May 22, 2026
- Vanguard Portfolio Management LlcPassive (13G)Apr 29, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
- Turtle Creek Asset Management Inc.Passive (13G)Feb 17, 2026
- Blackrock, Inc.Passive (13G)Jan 23, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Ferguson Lewis HDirector | May 28, 2026 | Sell | 2,800 | $20.36 |
| Kennedy Sheryl LynnDirector | May 14, 2026 | Sell | 3,300 | $16.22 |
| Schaeffer DaveOfficer — CHAIRMAN, CEO, AND PRESIDENT | May 4, 2026 | Grant | 1.0M | $0.00 |
| Schaeffer DaveOfficer — CHAIRMAN, CEO, AND PRESIDENT | Apr 1, 2026 | D | 58,667 | $0.00 |
| Montagner MarcDirector | Mar 31, 2026 | Grant | 3,445 | $0.00 |
| Kennedy Sheryl LynnDirector | Mar 31, 2026 | Grant | 3,445 | $0.00 |
| Howell Deneen CDirector | Mar 31, 2026 | Grant | 3,445 | $0.00 |
| Howard Eve NDirector | Mar 31, 2026 | Grant | 3,445 | $0.00 |
| Ferguson Lewis HDirector | Mar 31, 2026 | Grant | 3,445 | $0.00 |
| De Sa PaulDirector | Mar 31, 2026 | Grant | 3,445 | $0.00 |
| Brooks Steven DDirector | Mar 31, 2026 | Grant | 3,445 | $0.00 |
| Kilmer Henry WOfficer — VP OF NETWORK STRATEGY | Mar 6, 2026 | Sell | 2,400 | $23.35 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 5.2M | 2.6 | -1.3% |
| Apr 30, 2026 | 5.3M | 6.4 | -7.9% |
| Apr 15, 2026 | 5.8M | 6.7 | -1.6% |
| Mar 31, 2026 | 5.8M | 4.8 | -12.4% |
| Mar 13, 2026 | 6.7M | 5.7 | -10.1% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Other material eventMay 26, 2026
- Director / officer change · Shareholder voteMay 4, 2026
- Results of operationsMay 4, 2026
- Results of operationsFeb 20, 2026
- Director / officer changeJan 7, 2026
- Results of operationsNov 17, 2025
- Results of operationsNov 6, 2025
- Director / officer change · Regulation FD disclosureAug 15, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4May 28, 2026
- 144May 28, 2026
- 8-KFORM 8-KMay 26, 2026
- SCHEDULE 13GMay 22, 2026
- 4May 18, 2026
- 144May 18, 2026
- 4May 4, 2026
- 8-KFORM 8-KMay 4, 2026
- S-8FORM S-8May 4, 2026
- 10-QMay 4, 2026
- 8-KFORM 8-KMay 4, 2026
- SCHEDULE 13GApr 29, 2026
- 4Apr 2, 2026
- 4Mar 31, 2026
- 4Mar 31, 2026
Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.