Cogent Communications reported Q4 2025 service revenue of USD 240.5 million, down 0.6% sequentially and down 4.7% year over year. Q4 EBITDA was USD 51.7 million (margin 21.5%), while EBITDA, as adjusted for Sprint acquisition costs and cash paid under the IP Transit Services Agreement, was USD 76.7 million (margin 31.9%), up 4.0% sequentially and up 14.8% year over year. Q4 basic and diluted net loss per share was USD 0.64, and net cash used in operating activities was USD 6 million. For FY 2025, Cogent Communications posted service revenue of USD 975.8 million versus USD 1.04 billion in FY 2024, with net loss per share of USD 3.80. FY 2025 net cash used in operating activities was USD 10.6 million, and cash paid under the IP Transit Services Agreement was USD 100 million (USD 25 million in Q4 2025). Business highlights for Q4 2025 included wavelength revenue of USD 12.1 million, up 18.8% sequentially and up 73.7% year over year, with wavelength customer connections rising to 2,064 (up 17.9% sequentially and up 84.6% year over year). Cogent Communications said IP network traffic rose 4% sequentially and 10% year over year in Q4 2025, and it ended 2025 with 3,579 on-net buildings (up 126 year over year). The board approved a quarterly dividend of USD 0.02 per share for Q1 2026; Cogent Communications paid four quarterly dividends in 2025 totaling USD 150.1 million (USD 3.05 per share), with the expected tax treatment generally 100% return of capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cogent Communications Holdings Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202602200659PR_NEWS_USPR_____PH91043) on February 20, 2026, and is solely responsible for the information contained therein.