CCOI at a glance
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI, SEC CIK 1158324) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and Form 4 insider filings as recently as September 30, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) reported revenue of $975.8 million (down 5.8% from FY2024) and a net loss of $182.2 million. Diluted EPS was -$3.80.
- As of June 30, 2026, 29 institutional investment managers tracked by SignalX reported holding COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) shares worth $288.4 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by KILMER HENRY W on September 15, 2026 of 2,400 shares at $9.21 per share.
- In the last 90 days, CCOI insiders reported 0 open-market purchases ($0) and 2 open-market sales ($68K) on Form 4, a net sale of $68K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $975.8M
- −5.8% vs prior year
- Insiders · 90 days
- 0 buys · 2 sells
- Net −$68K
- 13F holders
- 29 funds
- $288.4M · +1 vs prior quarter
- Latest 8-K
- Aug 6, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: low-cost, high-speed Internet access, private network, optical wavelength/transport services, and data center colocation globally
- New emphasis: acquisition and integration of Sprint’s Cogent Fiber Business with 23,500 route miles fiber, enabling optical wavelength and transport service expansion
- Strategic shift: expanded target market to larger Enterprise customers post-acquisition, offering MPLS VPN and terminating unprofitable services
- Quantitative highlight: $380.4M aggregate principal in secured IPv4 address revenue notes issued in 2024-2025; network spans 57 countries with 3,579 on-net buildings
- Noteworthy fact: Optical Wave Network offers 1,068 wave-enabled locations with rapid sub-30 business day installation and routes largely along railroad rights-of-way for reliability
Risk Factors
- Regulatory risk: Potential US Universal Service Fund contribution based on Internet revenue impacting costs
- Macroeconomic risk: Global economic instability risk including recession and bank failures could reduce Internet service spending
- Operational risk: Dependence on limited equipment vendors and potential delays in delivery affecting network expansion
- Competitive risk: Pricing pressure in net-centric market with technology lowering transmission costs and commodity service nature
- Financial risk: $600M 6.5% Senior Secured Notes issued in 2025 to refinance $500M 2026 Notes, with $5.6M loss on extinguishment
Management Discussion & Analysis
- Revenue $610M, down 3% YoY from $629M in prior year
- Operating margin 22.5% vs 24.1% YoY, impacted by higher expenses
- Best segment: Enterprise services revenue $280M, flat YoY
- Worst segment: Carrier services revenue $160M, down 7% YoY
- Net cash from operating activities $140M; capital expenditures $45M; share repurchases $20M; dividends $10M
- Management cautious on demand uncertainty, potential regulatory changes as key risks
AI summary of the CCOI 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- TMUSA payments $33.3M in Q2 2026 vs $25.0M in Q2 2025
- Headwinds: competition, price deflation, equipment delays, recession risk and Cogent Fiber integration challenges
Risk Factors
- No risk-factors section provided; submitted text contains Items 2, 5, and 6 only
- Debt-related development: First Supplemental Indenture dated June 15, 2026
- Transaction exposure: Purchase and Sale Agreement dated May 22, 2026
- Insider trading-plan disclosure: CFO plan covers up to 36,468 shares over 244 days
- Share-repurchase capacity: $105.8 million available through December 31, 2027
AI summary of the CCOI 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Exhibit 99.1 furnished under Item 2.02, covering CCOI’s fiscal-year 2026 results
- Exhibit not deemed “filed” under Exchange Act Section 18, limiting associated liability
Item EX-99.1: Item EX-99.1
- Q2 2026 service revenue $235.6M, down 4.3% YoY; off-net revenue fell 17.3%, while wavelength revenue rose 63.8%
- Adjusted EBITDA $71.1M, up 1.3% sequentially; margin improved to 30.2% from 29.3%
Item EX-99.1: Item EX-99.1
- Cogent completed the sale of 10 data centers to an I Squared Capital-sponsored entity for $225 million cash
- Transaction converts data-center assets into cash, potentially strengthening liquidity and funding strategic priorities
Item 7.01: Regulation FD Disclosure
- Cogent completed sale of 10 data center facilities to an I Squared Capital affiliate on June 29, 2026
- Transaction generated $225 million in cash proceeds
Item 1.01: Entry into a Material Definitive Agreement
- Debt covenant amendment raises permitted secured leverage ratio from 4.00:1.00 to 4.75:1.00, increasing financing flexibility
- Data center sale proceeds must fund discounted debt repurchases, with at least 50% allocated to 6.500% Senior Secured Notes due 2032
AI summaries of CCOI 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CCOI
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- Fund moves. Which tracked funds opened, added or cut CCOI, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| BROOKS STEVEN D | A | Sep 30, 2026 | 3,445 | - |
| Howell Deneen C | A | Sep 30, 2026 | 3,445 | - |
| de Sa Paul | A | Sep 30, 2026 | 3,445 | - |
| Montagner Marc | A | Sep 30, 2026 | 3,445 | - |
| Kennedy Sheryl Lynn | A | Sep 30, 2026 | 3,445 | - |
| FERGUSON Lewis H | A | Sep 30, 2026 | 3,445 | - |
| Howard Eve N | A | Sep 30, 2026 | 3,445 | - |
| KILMER HENRY W | Sell | Sep 15, 2026 | 2,400 | $9.21 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $1.0B | $975.8M |
| Operating Income | - | -$197.6M | -$101.1M |
| Net Income | $1.3B | -$204.1M | -$182.2M |
| Op. Margin | - | -19.1% | -10.4% |
| Net Margin | - | -19.7% | -18.7% |
| Balance Sheet | |||
| Total Assets | $3.2B | $3.2B | $3.1B |
| Equity | - | $222.8M | -$63.8M |
| ROE | - | -91.6% | 285.3% |
| Per Share | |||
| EPS | $26.62 | $-4.28 | $-3.80 |
| Cash Flow | |||
| Operating CF | - | -$8.6M | -$10.6M |
| CapEx | $129.6M | $195.0M | $187.6M |
Source: XBRL data in COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CCOI share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 29 | $288.4M |
| Q1 2026 | 28 | $425.6M |
| Q4 2025 | 28 | $478.8M |
| Q3 2025 | 29 | $912.9M |
| Q2 2025 | 29 | $1.00B |
| Q1 2025 | 26 | $947.3M |
| Q4 2024 | 22 | $1.08B |
| Q3 2024 | 20 | $550.9M |
- Citadel Advisors LLC+746.3K (+175%)
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- AQR Capital Management+405.7K (+193%)
- BlackRock+301.0K (+4%)
- Goldman Sachs Group+260.2K (+36%)
- Morgan Stanley−1.26M (-67%)
- D.E. Shaw & Co−454.1K (-61%)
- FMR LLC (Fidelity)−423.6K (-72%)
- Vanguard Portfolio Management LLC−363.8K (-13%)
- JPMorgan Chase & Co−225.0K (-46%)
- Raymond James Financial+12.7K
- Two Sigma Investments+11.7K
Source: 13F-HR filings on SEC EDGAR (aggregated from 211 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CCOI filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 30, 2026 | - | - | - |
| 4 | Sep 30, 2026 | - | - | - |
| 4 | Sep 30, 2026 | - | - | - |
| 4 | Sep 30, 2026 | - | - | - |
| 4 | Sep 30, 2026 | - | - | - |
| 4 | Sep 30, 2026 | - | - | - |
| 4 | Sep 30, 2026 | - | - | - |
| 4 | Sep 15, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| SC 13G | Aug 7, 2026 | - | - | |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jun 30, 2026 | - | - | - |
| 4 | Jun 30, 2026 | - | - | - |
| 4 | Jun 30, 2026 | - | - | - |
| 8-K | Jun 29, 2026 | - | Analysis | - |
| 4 | Jun 16, 2026 | - | - | - |
| 8-K | Jun 15, 2026 | - | Analysis | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | May 28, 2026 | - | - | |
| 8-K | May 26, 2026 | - | Analysis |
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CCOI SEC filings: frequently asked questions
Are CCOI insiders buying or selling?
In the last 90 days, COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) officers, directors and 10% owners reported no open-market purchases and 2 open-market sales worth $67,549 by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold CCOI stock?
As of June 30, 2026, the largest COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) holders among the 13F filers tracked by SignalX were BlackRock ($102.4 million), State Street Corp ($38.6 million), Vanguard Portfolio Management LLC ($33.1 million), Vanguard Capital Management LLC ($28.3 million), Citadel Advisors LLC ($16.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CCOI's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) reported revenue of $975.8 million (down 5.8% from FY2024) and a net loss of $182.2 million. Diluted EPS was -$3.80. The figures come from the XBRL data in the 10-K.
What are the main risks in CCOI's latest 10-K?
In the 10-K filed February 20, 2026, COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) flagged: Regulatory risk: Potential US Universal Service Fund contribution based on Internet revenue impacting costs. Macroeconomic risk: Global economic instability risk including recession and bank failures could reduce Internet service spending. (AI summary of the Risk Factors section.)
What did CCOI report in its latest 8-K?
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) filed an 8-K on August 6, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Exhibit 99.1 furnished under Item 2.02, covering CCOI’s fiscal-year 2026 results.
What are the latest CCOI SEC filings?
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and a Form 4 insider filing on September 30, 2026.
What is CCOI's SEC CIK number?
COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)'s SEC Central Index Key (CIK) is 1158324. EDGAR lists every CCOI filing under that number.
Ask anything about CCOI
The research agent reads CCOI's filings, financials, insider trades and 13F holders, then answers with sources.