Cogent Communications (CCOI) Financials

$45.63 -1.87 (-3.94%)

Closing price 04:00 PM Eastern

Extended Trading

$45.70 +0.07 (+0.15%)

As of 04:21 PM Eastern

Annual Income Statements for Cogent Communications

This table shows Cogent Communications' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-204	1,273	5.15	48	6.22	38	29	5.88	15	4.90
Consolidated Net Income / (Loss)	66	1,506	5.15	48	6.22	38	29	5.88	15	4.90
Net Income / (Loss) Continuing Operations	66	1,506	5.15	48	6.22	38	29	5.88	15	4.90
Total Pre-Tax Income	-260	1,219	26	71	10	53	41	31	24	13
Total Operating Income	-198	-129	114	119	107	100	87	76	65	63
Total Gross Profit	394	423	371	363	349	326	301	276	253	230
Total Revenue	1,036	968	600	590	568	546	520	485	447	404
Operating Revenue	1,036	968	600	590	568	546	520	485	447	404
Total Cost of Revenue	642	544	228	226	219	220	220	209	194	175
Operating Cost of Revenue	642	544	228	226	219	220	220	209	194	175
Total Operating Expenses	275	294	257	244	242	226	214	200	188	167
Selling, General & Admin Expense	276	275	163	162	158	147	134	128	121	113
Depreciation Expense	0.00	0.00	92	89	83	80	81	76	75	71
Other Operating Expenses / (Income)	-22	0.00	0.00	-7.39	0.42	0.00	0.00	-	-	-12
Restructuring Charge	21	18	2.25	0.00	0.00	-	-	-	-	-
Total Other Income / (Expense), net	-109	1,322	-88	-48	-97	-48	-45	-45	-40	-50
Interest Expense	123	93	123	73	63	57	51	48	41	51
Interest & Investment Income	15	8.92	3.44	1.44	0.98	7.60	5.88	3.67	1.02	0.96
Other Income / (Expense), net	0.00	1,406	32	24	-34	2.27	0.00	-	-	-
Income Tax Expense	-56	-54	21	23	4.10	15	13	25	9.33	7.82
Basic Earnings per Share	($4.28)	$26.88	$0.11	$1.04	$0.14	$0.82	$0.63	$0.13	$0.33	$0.11
Weighted Average Basic Shares Outstanding	47.63M	47.37M	46.88M	46.42M	45.95M	45.54M	45.28M	44.86M	44.64M	44.89M
Diluted Earnings per Share	($4.28)	$26.62	$0.11	$1.03	$0.13	$0.81	$0.63	$0.13	$0.33	$0.11
Weighted Average Diluted Shares Outstanding	47.63M	47.84M	47.21M	46.96M	46.67M	46.08M	45.78M	45.18M	44.87M	45.16M
Weighted Average Basic & Diluted Shares Outstanding	49.33M	47.43M	48.30M	47.93M	47.22M	46.85M	47.80M	45.20M	45.20M	44.50M
Cash Dividends to Common per Share	$3.92	$3.76	$3.56	$3.17	$2.78	$2.44	$2.12	$1.80	$1.51	$1.46

This table shows Cogent Communications' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-52	-63	-32	200	-57	1,124	6.15	0.85	-8.01
Consolidated Net Income / (Loss)	-52	-63	-32	432	-57	1,124	6.15	0.85	-8.01
Net Income / (Loss) Continuing Operations	-52	-63	-32	432	-57	1,124	6.15	0.85	-8.01
Total Pre-Tax Income	-70	-80	-40	180	-70	1,100	11	12	-7.04
Total Operating Income	-40	-58	-47	-68	-51	-35	24	28	28
Total Gross Profit	110	96	104	124	102	102	95	95	93
Total Revenue	247	257	260	299	275	240	154	152	150
Operating Revenue	247	257	260	299	275	240	154	152	150
Total Cost of Revenue	137	162	156	174	174	138	59	57	57
Operating Cost of Revenue	137	162	156	174	174	138	59	57	57
Total Operating Expenses	150	153	151	-66	152	137	71	67	65
Selling, General & Admin Expense	74	68	68	81	65	84	45	44	39
Depreciation Expense	76	86	74	-164	87	53	25	24	23
Restructuring Charge	0.00	0.00	12	17	0.35	0.74	0.40	0.24	2.00
Total Other Income / (Expense), net	-30	-22	6.95	221	-20	1,134	-14	-15	-35
Interest Expense	30	21	23	34	18	22	19	65	18
Interest & Investment Income	0.43	0.41	-	-	-	-	0.00	-	0.00
Other Income / (Expense), net	-0.87	-1.15	30	247	-1.73	1,156	5.35	46	-17
Income Tax Expense	-18	-17	-7.85	-21	-14	-24	4.50	11	0.97
Basic Earnings per Share	($1.09)	($1.33)	($0.68)	$4.11	($1.20)	$23.84	$0.13	$0.02	($0.17)
Weighted Average Basic Shares Outstanding	47.68M	47.43M	47.51M	47.37M	47.23M	47.14M	47.04M	46.88M	46.74M
Diluted Earnings per Share	($1.09)	($1.33)	($0.68)	$4.04	($1.20)	$23.65	$0.13	$0.02	($0.17)
Weighted Average Diluted Shares Outstanding	47.68M	47.43M	47.51M	47.84M	47.23M	47.53M	47.38M	47.21M	46.74M
Weighted Average Basic & Diluted Shares Outstanding	49.34M	49.02M	49.00M	47.43M	48.62M	48.88M	49.02M	48.30M	48.01M
Cash Dividends to Common per Share	$1.01	$0.99	$0.98	$0.96	$0.95	$0.94	$0.93	$0.92	$0.91

This table details how cash moves in and out of Cogent Communications' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	114	-394	-53	-43	-28	123	29	-27	71	-84
Net Cash From Operating Activities	-8.65	17	174	170	140	149	134	112	108	84
Net Cash From Continuing Operating Activities	-195	-215	174	170	140	149	134	112	108	84
Net Income / (Loss) Continuing Operations	-204	1,273	5.15	48	6.22	38	29	5.88	15	4.90
Consolidated Net Income / (Loss)	-204	1,273	5.15	48	6.22	38	29	5.88	15	4.90
Depreciation Expense	0.00	0.00	92	89	83	80	81	76	75	71
Amortization Expense	3.69	-27	1.46	1.76	1.89	1.81	1.53	1.24	1.11	0.17
Non-Cash Adjustments To Reconcile Net Income	-30	-1,317	5.14	11	58	27	17	8.46	3.65	5.15
Changes in Operating Assets and Liabilities, net	36	-144	70	20	-9.35	2.38	5.89	20	13	3.07
Net Cash From Investing Activities	21	77	-79	-70	-56	-47	-50	-46	-45	-35
Net Cash From Continuing Investing Activities	-183	77	-79	-70	-56	-47	-50	-46	-45	-35
Purchase of Property, Plant & Equipment	-195	-130	-79	-70	-56	-47	-50	-46	-45	-36
Acquisitions	12	2.19	0.00	0.00	-	-	-	-	-	-
Net Cash From Financing Activities	106	-258	-145	-141	-116	22	-53	-97	8.34	-129
Net Cash From Continuing Financing Activities	295	-258	-145	-141	-116	22	-53	-97	8.34	-129
Repayment of Debt	0.00	0.00	-376	-466	-224	-10	-9.44	-15	-44	-272
Repurchase of Common Equity	-7.97	0.00	0.00	-	-4.50	0.00	-6.56	-1.83	-4.49	-39
Payment of Dividends	-189	-182	-170	-150	-129	-113	-98	-82	-68	-66
Issuance of Debt	490	0.00	446	497	240	152	70	0.00	124	249
Other Financing Activities, net	2.20	-76	-45	-21	1.38	-7.46	-8.52	1.22	1.22	0.42
Effect of Exchange Rate Changes	-4.64	1.65	-2.60	-2.19	3.51	-0.54	-2.36	4.06	-0.35	-3.69
Cash Interest Paid	134	105	66	59	63	56	49	47	37	44
Cash Income Taxes Paid	3.17	35	7.16	4.45	3.45	3.41	2.44	0.44	0.14	0.58

This table details how cash moves in and out of Cogent Communications' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-44	-133	-101	-284	-79	9.53	-41	-48	-26
Net Cash From Operating Activities	36	15	-20	-49	-52	83	36	36	54
Net Cash From Continuing Operating Activities	36	-172	-20	-281	-52	83	36	36	54
Net Income / (Loss) Continuing Operations	-52	-43	-63	200	-57	1,124	6.15	0.85	-8.01
Consolidated Net Income / (Loss)	-52	-43	-63	200	-57	1,124	6.15	0.85	-8.01
Depreciation Expense	76	-231	86	-164	87	53	25	24	23
Amortization Expense	-3.92	20	-4.59	-9.21	-11	-7.85	0.32	0.32	0.32
Non-Cash Adjustments To Reconcile Net Income	7.77	38	27	-237	-41	-1,042	4.12	-43	25
Changes in Operating Assets and Liabilities, net	8.51	44	-66	-70	-30	-44	0.07	54	13
Net Cash From Investing Activities	-33	-21	-34	60	62	-22	-23	-20	-24
Net Cash From Continuing Investing Activities	-33	-225	-34	60	62	-22	-23	-20	-24
Purchase of Property, Plant & Equipment	-58	-46	-59	-44	-25	-37	-23	-20	-24
Acquisitions	0.00	-	-	16	-0.00	-14	0.00	-	-
Other Investing Activities, net	25	-	25	88	88	29	0.00	-	-
Net Cash From Financing Activities	-57	-75	-51	-65	-86	-52	-55	-68	-52
Net Cash From Continuing Financing Activities	-57	67	-46	-65	-86	-52	-55	-68	-52
Payment of Dividends	-49	-48	-47	-46	-45	-45	-45	-44	-43
Other Financing Activities, net	-7.88	1.25	0.75	-77	18	-7.56	-9.31	-24	-9.77
Effect of Exchange Rate Changes	9.81	-	-	-	-	1.66	0.51	3.82	-3.29

This table presents Cogent Communications' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	3,173	3,212	1,010	985	1,000	932	740	711	738	663
Total Current Assets	482	514	366	410	456	476	350	306	328	251
Cash & Equivalents	198	75	224	320	371	399	276	247	274	204
Restricted Cash	29	39	52	9.02	0.00	-	-	-	-	-
Accounts Receivable	97	135	44	42	44	40	42	39	34	31
Prepaid Expenses	74	81	46	39	41	36	33	20	20	17
Other Current Assets	83	184	0.00	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	1,664	1,538	544	458	430	369	375	381	362	360
Plant, Property & Equipment, gross	3,320	2,947	1,715	1,620	1,516	1,367	1,301	1,234	1,136	1,070
Accumulated Depreciation	1,656	1,410	1,170	1,162	1,086	998	925	852	775	710
Total Noncurrent Assets	1,027	1,160	100	117	114	87	14	23	49	51
Intangible Assets	471	473	0.00	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	556	687	100	117	114	87	11	5.57	6.39	6.20
Total Liabilities & Shareholders' Equity	3,173	3,212	1,010	985	1,000	932	740	711	738	663
Total Liabilities	2,950	2,602	1,529	1,358	1,294	1,136	889	813	791	675
Total Current Liabilities	253	373	120	81	94	90	75	75	68	69
Short-Term Debt	21	65	17	17	16	8.15	7.07	7.17	6.63	6.25
Accounts Payable	40	48	27	12	9.78	11	8.52	12	12	12
Accrued Expenses	135	121	64	39	51	51	51	48	47	38
Other Current Liabilities	58	140	12	13	18	19	8.28	7.82	2.59	12
Total Noncurrent Liabilities	2,697	2,229	1,409	1,277	1,199	1,046	814	739	723	606
Long-Term Debt	1,439	946	944	891	870	782	631	561	560	445
Capital Lease Obligations	517	420	287	229	203	162	157	150	135	130
Noncurrent Deferred & Payable Income Tax Liabilities	398	471	48	-	-	-	-	-	-	-
Other Noncurrent Operating Liabilities	342	392	130	156	126	102	25	28	28	31
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	223	610	-519	-373	-293	-204	-149	-103	-53	-12
Total Preferred & Common Equity	223	610	-519	-373	-293	-204	-149	-103	-53	-12
Total Common Equity	223	610	-519	-373	-293	-204	-149	-103	-53	-12
Common Stock	630	607	575	548	516	493	471	457	443	434
Retained Earnings	-376	17	-1,075	-910	-808	-685	-609	-555	-479	-432
Accumulated Other Comprehensive Income / (Loss)	-31	-14	-19	-11	-1.31	-12	-11	-4.60	-17	-15

This table presents Cogent Communications' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	9/30/2023	6/30/2023	3/31/2024	9/30/2022
Total Assets	3,121	3,204	3,344	2,962	3,163	3,145	1,021
Total Current Assets	423	569	689	581	713	473	414
Cash & Equivalents	154	279	384	110	192	118	269
Restricted Cash	30	37	42	56	52	45	55
Accounts Receivable	88	100	112	87	89	107	43
Prepaid Expenses	66	72	68	74	82	80	46
Other Current Assets	85	82	84	254	298	123	-
Plant, Property, & Equipment, net	1,692	1,621	1,581	1,618	1,607	1,561	504
Plant, Property & Equipment, gross	3,428	3,228	3,104	2,947	2,856	3,046	-
Accumulated Depreciation	1,736	1,607	1,523	1,329	1,249	1,485	-
Total Noncurrent Assets	1,006	1,014	1,074	763	842	1,111	103
Intangible Assets	471	471	472	54	56	472	-
Other Noncurrent Operating Assets	536	543	602	708	786	639	103
Total Liabilities & Shareholders' Equity	3,121	3,204	3,344	2,962	3,163	3,145	1,021
Total Liabilities	2,978	2,881	2,929	2,520	2,624	2,645	1,512
Total Current Liabilities	283	281	313	356	416	421	122
Short-Term Debt	25	22	21	63	20	64	24
Accounts Payable	56	53	39	29	30	46	18
Accrued Expenses	147	148	189	120	118	187	67
Dividends Payable	0.00	0.00	0.00	-	-	46	-
Other Current Liabilities	56	57	64	143	248	77	12
Total Noncurrent Liabilities	2,694	2,600	2,616	2,164	2,208	2,224	945
Long-Term Debt	1,441	1,438	1,437	945	945	946	498
Capital Lease Obligations	544	461	405	420	311	453	264
Noncurrent Deferred & Payable Income Tax Liabilities	380	383	406	388	425	437	-
Other Noncurrent Operating Liabilities	330	318	367	410	527	388	183
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	0.00
Total Equity & Noncontrolling Interests	143	324	416	442	539	501	-492
Total Preferred & Common Equity	143	324	416	442	539	501	-492
Total Common Equity	143	324	416	442	539	501	-492
Common Stock	639	620	611	599	590	615	568
Retained Earnings	-478	-285	-174	-137	-35	-95	-1,031
Accumulated Other Comprehensive Income / (Loss)	-19	-12	-21	-20	-16	-19	-28

This table displays calculated financial ratios and metrics derived from Cogent Communications' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.07%	61.39%	1.66%	3.82%	4.02%	4.99%	7.22%	8.56%	10.55%	6.38%
EBITDA Growth	-115.52%	422.46%	2.34%	48.10%	-14.49%	9.01%	10.61%	8.59%	5.30%	6.80%
EBIT Growth	-115.47%	777.62%	1.95%	97.00%	-29.33%	18.45%	14.02%	17.47%	2.29%	17.22%
NOPAT Growth	-2.42%	-707.42%	-72.36%	24.81%	-9.75%	19.10%	318.28%	-63.95%	63.44%	154.39%
Net Income Growth	-95.61%	29,158.65%	-89.32%	675.18%	-83.43%	30.88%	387.87%	-60.64%	204.92%	514.30%
EPS Growth	-116.08%	24,100.00%	-89.32%	692.31%	-83.95%	28.57%	384.62%	-60.61%	200.00%	450.00%
Operating Cash Flow Growth	-149.84%	-90.01%	2.03%	21.33%	-5.70%	11.12%	19.89%	3.46%	28.83%	14.73%
Free Cash Flow Firm Growth	88.48%	-41,768.56%	-94.43%	745.03%	-111.61%	58.12%	192.92%	-35.88%	-46.94%	1,140.22%
Invested Capital Growth	2.43%	324.25%	4.22%	2.65%	21.53%	-5.67%	0.41%	-1.50%	2.37%	-8.58%
Revenue Q/Q Growth	0.00%	3.68%	0.80%	0.57%	0.64%	1.53%	1.33%	2.02%	2.39%	2.13%
EBITDA Q/Q Growth	0.00%	4.02%	17.88%	15.06%	-17.12%	4.01%	2.08%	3.05%	0.91%	3.15%
EBIT Q/Q Growth	0.00%	23.83%	32.14%	27.20%	-32.59%	8.46%	2.10%	7.28%	-1.28%	5.25%
NOPAT Q/Q Growth	0.00%	-10.11%	-68.49%	22.75%	-16.28%	7.30%	79.80%	-65.58%	17.11%	42.39%
Net Income Q/Q Growth	0.00%	50.16%	-77.43%	108.97%	-69.38%	0.99%	86.88%	-63.26%	10.45%	137.21%
EPS Q/Q Growth	0.00%	26.22%	-77.08%	106.00%	-69.05%	0.00%	0.00%	-51.85%	6.45%	175.00%
Operating Cash Flow Q/Q Growth	87.97%	-83.06%	0.20%	-0.92%	-5.73%	3.74%	7.52%	-2.21%	12.36%	5.09%
Free Cash Flow Firm Q/Q Growth	0.00%	-13.91%	-95.27%	45.74%	-139.74%	3.13%	67.93%	-55.54%	44.51%	26.69%
Invested Capital Q/Q Growth	0.00%	12.99%	9.02%	1.90%	3.65%	-2.85%	-3.21%	-3.98%	-3.33%	-2.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.05%	43.76%	61.95%	61.62%	61.42%	59.76%	57.80%	56.87%	56.58%	56.83%
EBITDA Margin	-18.72%	129.14%	39.89%	39.63%	27.78%	33.80%	32.55%	31.55%	31.54%	33.12%
Operating Margin	-19.07%	-13.36%	19.01%	20.22%	18.82%	18.36%	16.64%	15.65%	14.46%	15.63%
EBIT Margin	-19.07%	131.97%	24.27%	24.20%	12.75%	18.77%	16.64%	15.65%	14.46%	15.63%
Profit (Net Income) Margin	6.38%	155.59%	0.86%	8.17%	1.09%	6.87%	5.51%	1.21%	3.34%	1.21%
Tax Burden Percent	-25.46%	123.47%	19.51%	67.47%	60.28%	71.23%	69.27%	18.88%	61.54%	38.51%
Interest Burden Percent	131.40%	95.49%	18.13%	50.04%	14.23%	51.38%	47.81%	40.99%	37.54%	20.12%
Effective Tax Rate	0.00%	-4.43%	80.49%	32.53%	39.72%	28.77%	30.73%	81.12%	38.46%	61.49%
Return on Invested Capital (ROIC)	-7.10%	-11.35%	5.00%	18.71%	16.67%	19.86%	16.23%	3.86%	10.75%	6.36%
ROIC Less NNEP Spread (ROIC-NNEP)	6.24%	132.01%	3.08%	14.48%	7.50%	13.53%	9.91%	1.98%	4.58%	0.76%
Return on Net Nonoperating Assets (RNNOA)	22.98%	3,323.24%	-6.15%	-33.17%	-19.17%	-41.13%	-39.03%	-11.40%	-56.32%	7.33%
Return on Equity (ROE)	15.88%	3,311.89%	-1.15%	-14.46%	-2.50%	-21.28%	-22.79%	-7.54%	-45.57%	13.69%
Cash Return on Invested Capital (CROIC)	-9.50%	-135.05%	0.87%	16.10%	-2.77%	25.70%	15.82%	5.37%	8.41%	15.32%
Operating Return on Assets (OROA)	-6.19%	60.50%	14.59%	14.38%	7.50%	12.26%	11.94%	10.48%	9.23%	8.91%
Return on Assets (ROA)	2.07%	71.33%	0.52%	4.85%	0.64%	4.49%	3.95%	0.81%	2.13%	0.69%
Return on Common Equity (ROCE)	15.88%	3,311.89%	-1.15%	-14.46%	-2.50%	-21.28%	-22.79%	-7.54%	-45.57%	13.69%
Return on Equity Simple (ROE_SIMPLE)	29.66%	247.01%	-0.99%	-12.91%	-2.12%	-18.42%	-19.24%	-5.73%	-28.03%	-39.90%
Net Operating Profit after Tax (NOPAT)	-138	-135	22	80	64	71	60	14	40	24
NOPAT Margin	-13.35%	-13.96%	3.71%	13.64%	11.35%	13.08%	11.53%	2.95%	8.90%	6.02%
Net Nonoperating Expense Percent (NNEP)	-13.33%	-143.36%	1.92%	4.23%	9.17%	6.32%	6.32%	1.88%	6.17%	5.60%
Return On Investment Capital (ROIC_SIMPLE)	-6.29%	-6.62%	3.05%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	61.95%	56.24%	38.05%	38.38%	38.58%	40.24%	42.20%	43.13%	43.42%	43.17%
SG&A Expenses to Revenue	26.62%	28.45%	27.19%	27.53%	27.90%	26.90%	25.73%	26.36%	27.01%	27.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.54%	30.36%	42.94%	41.41%	42.60%	41.40%	41.16%	41.22%	42.11%	41.20%
Earnings before Interest and Taxes (EBIT)	-198	1,277	146	143	72	103	87	76	65	63
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-194	1,250	239	234	158	185	169	153	141	134
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	16.95	5.74	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	25.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.65	3.61	4.08	5.03	4.05	4.41	3.02	3.07	2.89	2.56
Price to Earnings (P/E)	0.00	2.75	474.95	61.56	370.14	64.20	54.86	253.88	86.51	211.21
Dividend Yield	5.09%	5.23%	6.98%	5.09%	5.70%	4.74%	6.26%	5.54%	5.32%	4.59%
Earnings Yield	0.00%	36.43%	0.21%	1.62%	0.27%	1.56%	1.82%	0.39%	1.16%	0.47%
Enterprise Value to Invested Capital (EV/IC)	2.80	2.50	7.53	8.67	7.11	8.48	5.65	5.33	4.59	3.86
Enterprise Value to Revenue (EV/Rev)	5.34	4.97	5.70	6.40	5.31	5.42	4.02	4.05	3.85	3.49
Enterprise Value to EBITDA (EV/EBITDA)	0.00	3.85	14.28	16.15	19.12	16.04	12.35	12.82	12.19	10.55
Enterprise Value to EBIT (EV/EBIT)	0.00	3.77	23.48	26.45	41.66	28.89	24.17	25.86	26.60	22.35
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	153.67	46.93	46.83	41.47	34.89	136.93	43.22	58.02
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	277.44	19.67	22.17	21.51	19.90	15.62	17.57	15.92	16.85
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	885.93	54.55	0.00	32.05	35.79	98.38	55.24	24.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	8.87	2.35	-2.41	-3.05	-3.71	-4.68	-5.34	-7.00	-13.18	-47.38
Long-Term Debt to Equity	8.78	2.24	-2.37	-3.00	-3.66	-4.64	-5.29	-6.93	-13.05	-46.88
Financial Leverage	3.68	25.17	-2.00	-2.29	-2.56	-3.04	-3.94	-5.77	-12.29	9.70
Leverage Ratio	7.67	46.43	-2.24	-2.98	-3.89	-4.74	-5.77	-9.30	-21.38	19.82
Compound Leverage Factor	10.08	44.34	-0.41	-1.49	-0.55	-2.44	-2.76	-3.81	-8.02	3.99
Debt to Total Capital	89.87%	70.11%	171.06%	148.82%	136.85%	127.21%	123.06%	116.66%	108.21%	102.16%
Short-Term Debt to Total Capital	0.96%	3.17%	2.35%	2.23%	1.97%	1.09%	1.09%	1.16%	1.02%	1.10%
Long-Term Debt to Total Capital	88.91%	66.95%	168.71%	146.59%	134.87%	126.12%	121.96%	115.49%	107.19%	101.06%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	10.13%	29.89%	-71.06%	-48.82%	-36.85%	-27.21%	-23.06%	-16.66%	-8.21%	-2.16%
Debt to EBITDA	-10.20	1.14	5.22	4.87	6.90	5.16	4.70	4.69	4.98	4.34
Net Debt to EBITDA	-9.02	1.05	4.07	3.46	4.55	3.00	3.07	3.08	3.03	2.82
Long-Term Debt to EBITDA	-10.09	1.09	5.15	4.79	6.80	5.11	4.65	4.64	4.93	4.30
Debt to NOPAT	-14.30	-10.59	56.15	14.14	16.89	13.33	13.26	50.10	17.65	23.90
Net Debt to NOPAT	-12.65	-9.75	43.74	10.05	11.13	7.74	8.66	32.87	10.75	15.53
Long-Term Debt to NOPAT	-14.14	-10.11	55.38	13.93	16.65	13.22	13.14	49.60	17.48	23.64
Altman Z-Score	0.81	2.48	0.83	1.50	1.18	1.69	1.44	1.43	1.39	1.26
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.90	1.38	3.04	5.06	4.83	5.30	4.65	4.11	4.82	3.65
Quick Ratio	1.17	0.56	2.23	4.46	4.40	4.90	4.22	3.84	4.53	3.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-185	-1,607	3.86	69	-11	92	58	20	31	59
Operating Cash Flow to CapEx	-4.43%	13.38%	219.96%	243.52%	250.79%	316.90%	268.18%	243.89%	238.69%	236.27%
Free Cash Flow to Firm to Interest Expense	-1.50	-17.22	0.03	0.95	-0.17	1.61	1.14	0.41	0.75	1.14
Operating Cash Flow to Interest Expense	-0.07	0.19	1.42	2.34	2.22	2.59	2.62	2.30	2.61	1.63
Operating Cash Flow Less CapEx to Interest Expense	-1.65	-1.20	0.77	1.38	1.34	1.77	1.64	1.36	1.52	0.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.46	0.60	0.59	0.59	0.65	0.72	0.67	0.64	0.57
Accounts Receivable Turnover	8.92	10.78	13.93	13.70	13.42	13.29	12.88	13.35	13.90	12.67
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.65	0.93	1.20	1.33	1.42	1.47	1.38	1.31	1.24	1.12
Accounts Payable Turnover	14.56	14.40	11.66	20.86	21.02	22.44	21.83	18.09	16.20	13.59
Days Sales Outstanding (DSO)	40.94	33.87	26.19	26.65	27.20	27.46	28.35	27.34	26.26	28.81
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	25.07	25.34	31.30	17.50	17.36	16.27	16.72	20.18	22.52	26.86
Cash Conversion Cycle (CCC)	15.87	8.53	-5.11	9.15	9.84	11.20	11.63	7.16	3.74	1.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,973	1,926	454	436	424	349	370	369	374	366
Invested Capital Turnover	0.53	0.81	1.35	1.37	1.47	1.52	1.41	1.31	1.21	1.06
Increase / (Decrease) in Invested Capital	47	1,472	18	11	75	-21	1.52	-5.62	8.65	-34
Enterprise Value (EV)	5,528	4,812	3,417	3,775	3,018	2,962	2,092	1,963	1,719	1,412
Market Capitalization	3,778	3,496	2,444	2,966	2,301	2,409	1,573	1,492	1,292	1,034
Book Value per Share	$4.55	$12.54	($10.80)	($7.83)	($6.20)	($4.35)	($3.21)	($2.23)	($1.17)	($0.27)
Tangible Book Value per Share	($5.06)	$2.81	($10.80)	($7.83)	($6.20)	($4.35)	($3.21)	($2.23)	($1.17)	($0.27)
Total Capital	2,201	2,040	730	764	796	749	646	616	649	569
Total Debt	1,978	1,430	1,248	1,137	1,089	952	795	718	702	581
Total Long-Term Debt	1,957	1,366	1,231	1,120	1,073	944	788	711	695	575
Net Debt	1,750	1,316	973	809	717	553	519	471	427	378
Capital Expenditures (CapEx)	195	130	79	70	56	47	50	46	45	35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	22	91	-13	17	6.30	-5.23	6.01	-8.25	-7.98	-15
Debt-free Net Working Capital (DFNWC)	250	205	263	346	378	394	282	239	266	189
Net Working Capital (NWC)	229	140	246	329	362	386	275	232	260	182
Net Nonoperating Expense (NNE)	-204	-1,641	17	32	58	34	31	8.46	25	19
Net Nonoperating Obligations (NNO)	1,750	1,316	973	809	717	553	519	471	427	378
Total Depreciation and Amortization (D&A)	3.69	-27	94	91	85	82	83	77	76	71
Debt-free, Cash-free Net Working Capital to Revenue	2.13%	9.42%	-2.18%	2.88%	1.11%	-0.96%	1.16%	-1.70%	-1.79%	-3.69%
Debt-free Net Working Capital to Revenue	24.13%	21.17%	43.83%	58.60%	66.47%	72.17%	54.23%	49.21%	59.60%	46.68%
Net Working Capital to Revenue	22.08%	14.50%	40.97%	55.71%	63.70%	70.68%	52.87%	47.73%	58.11%	45.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($4.28)	$26.88	$0.11	$1.04	$0.14	$0.00	$0.63	$0.13	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	47.63M	47.37M	46.88M	46.42M	45.95M	0.00	45.28M	44.86M	0.00	0.00
Adjusted Diluted Earnings per Share	($4.28)	$26.62	$0.11	$1.03	$0.13	$0.00	$0.63	$0.13	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	47.63M	47.84M	47.21M	46.96M	46.67M	0.00	45.78M	45.18M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.33M	47.43M	48.30M	47.93M	47.22M	0.00	46.35M	45.97M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-123	-78	81	80	64	71	59	50	35	40
Normalized NOPAT Margin	-11.90%	-8.02%	13.57%	13.64%	11.31%	12.94%	11.40%	10.40%	7.83%	10.00%
Pre Tax Income Margin	-25.06%	126.02%	4.40%	12.11%	1.82%	9.64%	7.96%	6.41%	5.43%	3.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.60	13.68	1.19	1.96	1.15	1.78	1.70	1.57	1.56	1.23
NOPAT to Interest Expense	-1.12	-1.45	0.18	1.11	1.02	1.24	1.17	0.30	0.96	0.47
EBIT Less CapEx to Interest Expense	-3.18	12.29	0.54	1.00	0.26	0.97	0.72	0.62	0.47	0.54
NOPAT Less CapEx to Interest Expense	-2.70	-2.84	-0.46	0.14	0.13	0.43	0.20	-0.65	-0.13	-0.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	286.56%	12.07%	3,300.76%	311.90%	2,081.92%	300.23%	341.46%	1,389.67%	456.90%	1,354.45%
Augmented Payout Ratio	298.62%	12.07%	3,300.76%	311.90%	2,154.23%	300.23%	364.36%	1,420.80%	486.99%	2,159.07%

This table displays calculated financial ratios and metrics derived from Cogent Communications' official financial filings.

Metric	Q1 2025	Q3 2024	Q2 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.18%	-6.62%	8.61%	96.67%	83.62%	61.54%	2.96%	3.24%	1.40%
EBITDA Growth	1,269.39%	-6.60%	-95.11%	-95.07%	-30.19%	1,600.49%	141.43%	59.22%	-42.50%
EBIT Growth	33.75%	-12.81%	-101.51%	142.15%	-579.25%	2,387.33%	87.16%	92.45%	-69.94%
NOPAT Growth	32.16%	-14.38%	6.70%	-4,011.63%	-279.95%	-311.29%	-28.05%	-92.64%	13.87%
Net Income Growth	20.31%	-11.26%	-102.88%	50,646.71%	-608.42%	9,966.85%	440.72%	-95.40%	-160.11%
EPS Growth	21.01%	-10.83%	-102.88%	20,100.00%	-605.88%	9,754.17%	550.00%	-94.87%	-160.71%
Operating Cash Flow Growth	89.14%	61.42%	0.00%	-234.07%	-197.88%	140.25%	-61.10%	0.94%	12.97%
Free Cash Flow Firm Growth	-210.60%	80.03%	73.81%	-9,325.24%	-4,411.62%	-3,768.20%	-44,403.37%	-207.68%	4,037.94%
Invested Capital Growth	0.00%	13.13%	17.88%	324.25%	309.34%	285.39%	351.78%	4.22%	-2.58%
Revenue Q/Q Growth	0.00%	-1.24%	0.00%	8.52%	14.85%	-9.90%	1.06%	1.32%	1.04%
EBITDA Q/Q Growth	0.00%	-61.01%	0.00%	-79.82%	-97.96%	2,824.88%	72.70%	185.93%	-50.24%
EBIT Q/Q Growth	0.00%	-247.24%	0.00%	441.24%	-104.66%	1,742.37%	-2.99%	575.37%	-75.80%
NOPAT Q/Q Growth	0.00%	-22.67%	0.00%	-115.59%	-0.06%	14.92%	619.39%	-90.08%	17.48%
Net Income Q/Q Growth	0.00%	-95.16%	0.00%	862.23%	-105.05%	1,820.89%	621.60%	110.64%	-171.72%
EPS Q/Q Growth	0.00%	-95.59%	0.00%	436.67%	-105.07%	1,813.77%	550.00%	111.76%	-170.83%
Operating Cash Flow Q/Q Growth	150.14%	0.00%	0.00%	7.12%	-163.44%	130.74%	-47.09%	-32.20%	55.71%
Free Cash Flow Firm Q/Q Growth	0.00%	15.84%	0.00%	-16.98%	-10.36%	18.94%	-8,567.92%	-153.51%	-6.11%
Invested Capital Q/Q Growth	0.00%	4.08%	0.00%	12.99%	8.45%	-14.89%	306.79%	9.02%	2.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	44.37%	37.19%	40.04%	41.62%	36.97%	42.66%	61.82%	62.51%	61.85%
EBITDA Margin	12.53%	8.65%	21.91%	1.61%	8.65%	486.22%	61.23%	64.20%	22.75%
Operating Margin	-16.31%	-22.48%	-18.10%	-22.91%	-18.36%	-14.43%	15.83%	18.10%	18.73%
EBIT Margin	-16.66%	-22.93%	-6.52%	59.69%	-18.98%	467.59%	19.31%	48.48%	7.27%
Profit (Net Income) Margin	-21.07%	-24.54%	-12.42%	144.65%	-20.59%	468.66%	4.00%	0.56%	-5.34%
Tax Burden Percent	74.07%	78.88%	80.46%	240.68%	80.63%	102.21%	57.72%	7.09%	113.77%
Interest Burden Percent	170.72%	135.65%	236.61%	100.68%	134.54%	98.06%	35.92%	16.31%	-64.51%
Effective Tax Rate	0.00%	0.00%	0.00%	-11.42%	0.00%	-2.21%	42.28%	92.91%	0.00%
Return on Invested Capital (ROIC)	-11.80%	0.00%	0.00%	-20.76%	-11.31%	-10.36%	5.81%	1.73%	18.48%
ROIC Less NNEP Spread (ROIC-NNEP)	-14.41%	0.00%	0.00%	23.69%	-13.28%	112.93%	5.08%	1.61%	15.21%
Return on Net Nonoperating Assets (RNNOA)	-184.14%	0.00%	0.00%	596.26%	580.50%	2,144.64%	119.33%	-3.21%	-30.34%
Return on Equity (ROE)	-195.94%	0.00%	0.00%	575.49%	569.19%	2,134.28%	125.13%	-1.48%	-11.86%
Cash Return on Invested Capital (CROIC)	-212.70%	0.00%	0.00%	-135.05%	-133.03%	-112.98%	-125.91%	0.87%	19.34%
Operating Return on Assets (OROA)	-5.43%	0.00%	0.00%	27.37%	-8.90%	155.67%	6.72%	29.15%	4.26%
Return on Assets (ROA)	-6.86%	0.00%	0.00%	66.31%	-9.65%	156.03%	1.39%	0.34%	-3.13%
Return on Common Equity (ROCE)	-195.94%	0.00%	0.00%	575.49%	569.19%	2,134.28%	125.13%	-1.48%	-11.86%
Return on Equity Simple (ROE_SIMPLE)	55.56%	0.00%	0.00%	0.00%	226.79%	208.24%	-12.24%	0.00%	-4.64%
Net Operating Profit after Tax (NOPAT)	-28	-40	-33	-76	-35	-35	14	1.95	20
NOPAT Margin	-11.42%	-15.74%	-12.67%	-25.53%	-12.85%	-14.75%	9.14%	1.28%	13.11%
Net Nonoperating Expense Percent (NNEP)	2.61%	1.58%	-0.05%	-44.45%	1.97%	-123.29%	0.73%	0.12%	3.27%
Return On Investment Capital (ROIC_SIMPLE)	-1.31%	-	-	-3.74%	-	-	-	0.27%	-
Cost of Revenue to Revenue	55.63%	62.81%	59.96%	58.38%	63.03%	57.34%	38.18%	37.49%	38.15%
SG&A Expenses to Revenue	29.90%	26.31%	26.24%	27.19%	23.71%	34.89%	29.35%	28.88%	26.08%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	60.68%	59.67%	58.14%	-22.12%	55.33%	57.09%	45.99%	44.41%	43.12%
Earnings before Interest and Taxes (EBIT)	-41	-59	-17	178	-52	1,121	30	74	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	31	22	57	4.81	24	1,166	94	98	34
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	21.17	11.50	6.57	5.74	6.45	5.61	5.63	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	25.57	7.36	6.26	99.72	0.00	0.00
Price to Revenue (P/Rev)	2.97	0.00	0.00	3.61	3.06	4.35	3.93	4.08	3.74
Price to Earnings (P/E)	0.00	0.00	0.00	2.75	2.85	2.69	0.00	474.95	97.57
Dividend Yield	6.46%	5.11%	6.90%	5.23%	6.37%	5.88%	6.21%	6.98%	7.49%
Earnings Yield	0.00%	0.00%	0.00%	36.43%	35.14%	37.14%	0.00%	0.21%	1.02%
Enterprise Value to Invested Capital (EV/IC)	2.46	2.76	2.25	2.50	2.41	2.58	2.23	7.53	6.45
Enterprise Value to Revenue (EV/Rev)	4.77	0.00	0.00	4.97	4.41	5.83	5.75	5.70	4.52
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	3.85	3.43	3.10	26.88	14.28	13.24
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	3.77	3.99	3.40	225.28	23.48	24.40
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	88.88	228.24	153.67	38.08
Enterprise Value to Operating Cash Flow (EV/OCF)	571.40	0.00	0.00	277.44	40.20	19.46	28.71	19.67	15.50
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	885.93	32.93
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	14.07	5.94	4.48	2.35	3.23	2.37	2.92	-2.41	-1.60
Long-Term Debt to Equity	13.89	5.87	4.43	2.24	3.09	2.33	2.80	-2.37	-1.55
Financial Leverage	12.78	3.74	2.59	25.17	-43.73	18.99	23.50	-2.00	-1.99
Leverage Ratio	21.85	8.05	6.82	46.43	-80.23	42.19	44.71	-2.24	-2.39
Compound Leverage Factor	37.30	10.92	16.13	46.75	-107.94	41.37	16.06	-0.36	1.54
Debt to Total Capital	93.36%	85.58%	81.77%	70.11%	76.36%	70.30%	74.51%	171.06%	267.34%
Short-Term Debt to Total Capital	1.15%	0.98%	0.93%	3.17%	3.38%	1.11%	3.26%	2.35%	8.21%
Long-Term Debt to Total Capital	92.22%	84.61%	80.83%	66.95%	72.98%	69.19%	71.25%	168.71%	259.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	6.64%	14.42%	18.23%	29.89%	23.64%	29.70%	25.49%	-71.06%	-167.34%
Debt to EBITDA	-12.16	0.00	0.00	1.14	1.19	0.97	9.55	5.22	3.87
Net Debt to EBITDA	-11.05	0.00	0.00	1.05	1.05	0.79	8.48	4.07	2.28
Long-Term Debt to EBITDA	-12.01	0.00	0.00	1.09	1.14	0.96	9.13	5.15	3.75
Debt to NOPAT	-16.08	0.00	0.00	-10.59	-11.65	27.97	81.08	56.15	11.13
Net Debt to NOPAT	-14.61	0.00	0.00	-9.75	-10.29	22.63	72.03	43.74	6.55
Long-Term Debt to NOPAT	-15.88	0.00	0.00	-10.11	-11.13	27.53	77.53	55.38	10.79
Altman Z-Score	0.73	0.00	0.00	1.35	0.96	2.18	0.88	0.60	0.43
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	1.49	2.03	2.20	1.38	1.63	1.72	1.12	3.04	3.40
Quick Ratio	0.85	1.35	1.59	0.56	0.55	0.68	0.54	2.23	2.57
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,996	-264	-314	-1,548	-1,323	-1,199	-1,424	-16	31
Operating Cash Flow to CapEx	62.58%	-34.14%	0.00%	-111.67%	-206.67%	220.71%	47.01%	185.41%	223.48%
Free Cash Flow to Firm to Interest Expense	-67.60	-12.33	-13.53	-44.88	-73.28	-55.05	-74.92	-0.25	1.71
Operating Cash Flow to Interest Expense	1.23	-0.94	0.00	-1.41	-2.90	3.79	1.01	0.56	2.98
Operating Cash Flow Less CapEx to Interest Expense	-0.74	-3.71	0.00	-2.68	-4.31	2.08	-1.14	0.26	1.65
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.33	0.00	0.00	0.46	0.47	0.33	0.35	0.60	0.59
Accounts Receivable Turnover	11.56	0.00	0.00	10.78	14.29	10.40	9.63	13.93	13.66
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.60	0.00	0.00	0.93	0.88	0.67	0.71	1.20	1.24
Accounts Payable Turnover	10.93	0.00	0.00	14.40	22.49	13.76	11.37	11.66	15.15
Days Sales Outstanding (DSO)	31.57	0.00	0.00	33.87	25.54	35.11	37.90	26.19	26.72
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	33.40	0.00	0.00	25.34	16.23	26.52	32.10	31.30	24.08
Cash Conversion Cycle (CCC)	-1.83	0.00	0.00	8.53	9.30	8.59	5.80	-5.11	2.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	1,968	1,928	1,853	1,926	1,704	1,572	1,847	454	416
Invested Capital Turnover	1.03	0.00	0.00	0.81	0.88	0.70	0.64	1.35	1.41
Increase / (Decrease) in Invested Capital	1,968	224	281	1,472	1,288	1,164	1,438	18	-11
Enterprise Value (EV)	4,849	5,325	4,167	4,812	4,115	4,055	4,120	3,417	2,687
Market Capitalization	3,024	3,720	2,730	3,496	2,853	3,023	2,820	2,444	2,225
Book Value per Share	$2.90	$6.60	$8.48	$12.54	$9.04	$11.16	$10.37	($10.80)	($10.24)
Tangible Book Value per Share	($6.64)	($3.02)	($1.15)	$2.81	$7.93	$10.00	$0.59	($10.80)	($10.24)
Total Capital	2,152	2,244	2,279	2,040	1,871	1,816	1,964	730	294
Total Debt	2,009	1,921	1,863	1,430	1,428	1,276	1,463	1,248	786
Total Long-Term Debt	1,985	1,899	1,842	1,366	1,365	1,256	1,399	1,231	761
Net Debt	1,825	1,605	1,437	1,316	1,262	1,032	1,300	973	462
Capital Expenditures (CapEx)	58	59	0.00	44	25	37	41	20	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-20	-5.38	-28	91	123	74	-47	-13	-7.63
Debt-free Net Working Capital (DFNWC)	164	311	398	205	289	317	117	263	316
Net Working Capital (NWC)	139	289	377	140	226	297	53	246	292
Net Nonoperating Expense (NNE)	24	23	-0.66	-509	21	-1,159	7.88	1.10	28
Net Nonoperating Obligations (NNO)	1,825	1,605	1,437	1,316	1,262	1,032	1,346	973	908
Total Depreciation and Amortization (D&A)	72	81	74	-174	76	45	64	24	23
Debt-free, Cash-free Net Working Capital to Revenue	-1.97%	0.00%	0.00%	9.42%	13.15%	10.57%	-6.51%	-2.18%	-1.28%
Debt-free Net Working Capital to Revenue	16.12%	0.00%	0.00%	21.17%	30.94%	45.66%	16.27%	43.83%	53.13%
Net Working Capital to Revenue	13.69%	0.00%	0.00%	14.50%	24.17%	42.76%	7.33%	40.97%	49.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.09)	($1.33)	($0.68)	$4.11	($1.20)	$23.84	$0.13	$0.02	($0.17)
Adjusted Weighted Average Basic Shares Outstanding	47.68M	47.43M	47.51M	47.37M	47.23M	47.14M	47.04M	46.88M	46.74M
Adjusted Diluted Earnings per Share	($1.09)	($1.33)	($0.68)	$4.04	($1.20)	$23.65	$0.13	$0.02	($0.17)
Adjusted Weighted Average Diluted Shares Outstanding	47.68M	47.43M	47.51M	47.84M	47.23M	47.53M	47.38M	47.21M	46.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.34M	49.02M	49.00M	47.43M	48.62M	48.88M	49.02M	48.30M	48.01M
Normalized Net Operating Profit after Tax (NOPAT)	-28	-40	-24	-36	-35	-24	14	19	21
Normalized NOPAT Margin	-11.42%	-15.74%	-9.35%	-12.06%	-12.76%	-9.89%	9.29%	12.79%	14.05%
Pre Tax Income Margin	-28.44%	-31.11%	-15.43%	60.10%	-25.54%	458.51%	6.94%	7.91%	-4.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.39	-2.75	-0.73	5.17	-2.90	51.48	1.56	1.13	0.61
NOPAT to Interest Expense	-0.96	-1.89	-1.42	-2.21	-1.96	-1.62	0.74	0.03	1.10
EBIT Less CapEx to Interest Expense	-3.36	-5.51	0.00	3.91	-4.30	49.76	-0.59	0.83	-0.73
NOPAT Less CapEx to Interest Expense	-2.92	-4.65	0.00	-3.48	-3.36	-3.34	-1.41	-0.27	-0.24
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	299.97%	0.00%	0.00%	12.07%	17.88%	15.76%	-210.51%	3,300.76%	725.56%
Augmented Payout Ratio	299.97%	0.00%	0.00%	12.07%	17.88%	15.76%	-210.51%	3,300.76%	725.56%

Frequently Asked Questions About Cogent Communications' Financials

When does Cogent Communications's financial year end?

According to the most recent income statement we have on file, Cogent Communications' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Cogent Communications' net income changed over the last 9 years?

Cogent Communications' net income appears to be on an upward trend, with a most recent value of $66.10 million in 2024, rising from $4.90 million in 2015. The previous period was $1.51 billion in 2023. Find out what analysts predict for Cogent Communications in the coming months.

What is Cogent Communications's operating income?

Cogent Communications's total operating income in 2024 was -$197.61 million, based on the following breakdown:

Total Gross Profit: $394.27 million
Total Operating Expenses: $274.99 million

How has Cogent Communications revenue changed over the last 9 years?

Over the last 9 years, Cogent Communications' total revenue changed from $404.23 million in 2015 to $1.04 billion in 2024, a change of 156.3%.

How much debt does Cogent Communications have?

Cogent Communications' total liabilities were at $2.95 billion at the end of 2024, a 13.4% increase from 2023, and a 337.0% increase since 2015.

How much cash does Cogent Communications have?

In the past 9 years, Cogent Communications' cash and equivalents has ranged from $75.09 million in 2023 to $399.42 million in 2019, and is currently $198.49 million as of their latest financial filing in 2024.

How has Cogent Communications' book value per share changed over the last 9 years?

Over the last 9 years, Cogent Communications' book value per share changed from -0.27 in 2015 to 4.55 in 2024, a change of -1,773.7%.

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This page (NASDAQ:CCOI) was last updated on 5/30/2025 by MarketBeat.com Staff

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Cogent Communications (CCOI) Financials

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Cogent Communications (CCOI) Financials

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