Filing Flows › Cogent Communications Holdings (CCOI) › Q3 2026
Cogent Communications Holdings (CCOI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Cogent Communications Holdings (CCOI) reported revenue of $231M for the third quarter 2026 (Q3 2026), -4% from a year earlier and -2% from the quarter before. Operating margin was -3.0%, net loss $29.8M (12.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $231M | -2% | -4% |
| Operating profit | −$6.9M | -106% | — |
| Net earnings | −$29.8M | -145% | — |
| Operating cash flow | $3.8M | +18% | +22% |
What changed
Revenue was $231.2M in Q3 2026, down 4% year over year and down 2% from the previous quarter. On-net was the largest line at 60% of revenue. Off-net lost $18.5M year over year (down 19%), 172% of the total change.
Operating costs exceeded revenue by $6.9M, an operating margin of -3.0%. Total costs fell 8% while revenue fell 4%. The quarter ended with a net loss of $29.8M, after a profit of $66.6M the previous quarter. Net interest and other expense of $26.9M was the main reason.
Operating cash flow was $3.8M (up 22% year over year). Non-cash charges added back $53.1M of depreciation and amortization and $7.9M of share-based compensation. Working capital and other items used $27.5M. Capital expenditures of $36.3M exceeded it, leaving free cash flow of −$32.5M.
Questions
What was Cogent Communications Holdings' revenue in the third quarter 2026?
Cogent Communications Holdings (CCOI) reported revenue of $231M for the third quarter 2026 (Q3 2026), -4% from a year earlier and -2% from the quarter before.
Was Cogent Communications Holdings profitable in the third quarter 2026?
Operating loss was $6.9M (-3.0% of revenue) and net loss $29.8M.