Filing Flows › Cogent Communications Holdings (CCOI) › Q3 2026 › vs Q3 2025
Cogent Communications Holdings (CCOI) Q3 2026 vs Q3 2025 (year over year)
Cogent Communications Holdings's revenue fell $10.7M (-4%) from $242M in Q3 2025 to $231M in Q3 2026. The biggest changes: Off-net −$18.5M (-19%); Wavelength +$5.8M (+57%); On-net +$2.6M (+2%).
Cogent Communications Holdings, Q3 2026: revenue $231M (-4% year over year), operating margin -3.0%, net loss $29.8M, operating cash flow $3.8M. The chart draws each line against Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| On-net | $138M | $135M | $2.6M | +2% |
| Off-net | $76.6M | $95.1M | −$18.5M | -19% |
| Wavelength | $16.0M | $10.2M | $5.8M | +57% |
| Revenue | $231M | $242M | −$10.7M | -4% |
| Income tax benefit | $4.1M | $11.1M | −$6.9M | -63% |
| Net loss | $29.8M | $41.5M | −$11.8M | -28% |
| Costs & expenses | $265M | $295M | −$29.5M | -10% |
| Operating costs | $238M | $260M | −$21.9M | -8% |
| Interest & other, net | $26.9M | $34.5M | −$7.5M | -22% |
| Cost of revenue | $121M | $132M | −$10.3M | -8% |
| SG&A | $68.8M | $70.4M | −$1.6M | -2% |
| Other operating costs | $48.0M | $58.0M | −$10.0M | -17% |
| Operating cash sources | $61.0M | $69.4M | −$8.3M | -12% |
| Depreciation & amortization | $53.1M | $60.4M | −$7.3M | -12% |
| Share-based compensation | $7.9M | $8.9M | −$1.1M | -12% |
| Net loss absorbed | $29.8M | $41.5M | −$11.8M | -28% |
| Working capital & other | $27.5M | $24.7M | $2.8M | +11% |
| Operating cash flow | $3.8M | $3.1M | $683K | +22% |
| Capital expenditures | $36.3M | $36.2M | $55K | +0.2% |
| Negative free cash flow (OCF − capex) | $32.5M | $33.1M | −$628K | -2% |
Questions
How much did Cogent Communications Holdings's revenue grow year over year in Q3 2026?
Cogent Communications Holdings's revenue fell $10.7M (-4%) from $242M in Q3 2025 to $231M in Q3 2026.
What drove Cogent Communications Holdings's revenue change in Q3 2026?
Off-net −$18.5M (-19%); Wavelength +$5.8M (+57%); On-net +$2.6M (+2%).