Filing Flows › Cogent Communications Holdings (CCOI) › Q2 2026
Cogent Communications Holdings (CCOI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Cogent Communications Holdings (CCOI) reported revenue of $236M for the second quarter 2026 (Q2 2026), -4% from a year earlier and -2% from the quarter before. Operating margin was 50.5%, net earnings $66.6M (28.3% of revenue).
Cogent Communications Holdings, Q2 2026: revenue $236M (-4% year over year), operating margin 50.5%, net earnings $66.6M, operating cash flow $3.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $236M | -2% | -4% |
| Operating profit | $119M | — | — |
| Net earnings | $66.6M | — | — |
| Operating cash flow | $3.2M | -78% | — |
What changed
Revenue was $235.6M in Q2 2026, down 4% year over year and down 2% from the previous quarter. On-net IP was the largest line at 57% of revenue. Off-net IP lost $17.7M year over year (down 17%), 166% of the total change.
Operating profit was $118.9M, a 50.5% margin (up 63.3 points year over year). Total costs fell 58% while revenue fell 4%. The fastest-growing cost line was SG&A (+11%). Net earnings were $66.6M. The effective tax rate was 19.8%.
Operating cash flow was $3.2M, 5% of net earnings. Non-cash charges added back $53.0M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items used $124.0M. Capital expenditures of $38.5M exceeded it, leaving free cash flow of −$35.3M.
Questions
What was Cogent Communications Holdings' revenue in the second quarter 2026?
Cogent Communications Holdings (CCOI) reported revenue of $236M for the second quarter 2026 (Q2 2026), -4% from a year earlier and -2% from the quarter before.
Was Cogent Communications Holdings profitable in the second quarter 2026?
Operating profit was $119M (50.5% of revenue) and net earnings $66.6M.