Earnings ·
Cogent Communications Holdings reported second quarter 2026 service revenue of $235.6 million, a decrease of 1.5%…
CCOICogent Communications Holdings, Inc.
Cogent Communications Holdings reported second quarter 2026 service revenue of $235.6 million, a decrease of 1.5% sequentially and 4.3% year-over-year. The company generated adjusted EBITDA of $71.1 million with a margin of 30.2%. A primary driver for the period was the sale of ten owned data centers, which yielded net proceeds of $224.2 million and a gain of $130.7 million. Cogent also repurchased $20.4 million par value of its 2032 secured notes at a discount during the quarter, with an additional $118.4 million purchased in July for a total gain of $13.4 million through month-end. The Board approved a regular quarterly dividend of $0.02 per share, payable on September 4, 2026 to shareholders of record on August 21, 2026. Cogent Communications Holdings operates in the telecommunications industry as a Tier 1 facilities-based ISP providing high-speed Internet access, Ethernet transport, and optical wavelength services.