The earnings call highlighted significant growth in the Wavelength and IPv4 leasing segments, along with improvements in EBITDA and liquidity. However, challenges remain with revenue decline in core segments, slow data center sales, and high leverage concerns.

Company Guidance

During Cogent Communications Holdings' Second Quarter 2025 Earnings Conference Call, key financial and operational metrics were discussed, highlighting a transformative period for the company. The quarter saw a substantial 150% year-over-year growth in Wavelength revenues, reaching $9.1 million, with a sequential increase of 27%. The company reported an EBITDA of $48.5 million, marking an 11% sequential improvement, while the EBITDA margin increased by 200 basis points to 19.7%. Additionally, the adjusted EBITDA rose by 7% to $73.5 million, with an adjusted margin of 29.8%, also reflecting a 200 basis point increase. The company emphasized its strategic focus on capturing 25% of the North American wavelength market and achieving a long-term average revenue growth of 6-8%. The reduction in provisioning intervals to approximately 30 days and the connection of 1,675 third-party carrier-neutral data centers were significant milestones. Cogent's debt transactions during the quarter, including an issuance of $600 million of 6.5% secured notes maturing in 2032, have enhanced liquidity, while a stock buyback program of $100 million was authorized to continue through 2026. The company remains optimistic about returning to positive top-line growth by mid-Q3 2025, with a focus on high-margin on-net services.

Wavelength Revenue Surge

Wavelength revenues for the quarter were $9.1 million, a 150% increase year-over-year and a sequential increase of 27%. The company aims to capture 25% of the North American wavelength market.

Improvement in EBITDA and Margins

EBITDA increased sequentially by 11% to $48.5 million, and the EBITDA margin increased by 200 basis points to 19.7%. Adjusted EBITDA increased by 7% to $73.5 million, with margins expanding by 200 basis points sequentially to 29.8%.

Debt Refinancing and Liquidity Enhancement

Issued $174.4 million of debt at a reduced rate of 6.646% and $600 million of 6.5% secured notes maturing in 2032, enhancing liquidity by an additional $100 million.

Increased Dividend

The Board decided to increase the dividend by $0.005 per share quarterly to $1.015, marking the 52nd consecutive sequential increase.

IPv4 Leasing Revenue Growth

IPv4 leasing revenues increased sequentially by 6.3% to $15.3 million, representing a 40.1% increase year-over-year.

Cogent Comms (CCOI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CCOI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	-1.09 / -	-1.33	―	―	―
Aug 07, 2025	2025 (Q2)	-1.00 / -1.21	-0.68	-77.94% (-0.53)
May 08, 2025	2025 (Q1)	-1.06 / -1.09	-1.38	21.01% (+0.29)
Feb 27, 2025	2024 (Q4)	-1.21 / -0.91	4.17	-121.82% (-5.08)
Nov 07, 2024	2024 (Q3)	-1.19 / -1.33	-1.2	-10.83% (-0.13)	―
Aug 08, 2024	2024 (Q2)	-1.26 / -0.68	23.65	-102.88% (-24.33)	―
May 09, 2024	2024 (Q1)	-1.17 / -1.38	0.13	-1161.54% (-1.51)
Feb 29, 2024	2023 (Q4)	-1.01 / 4.17	0.02	20750.00% (+4.15)	―
Nov 09, 2023	2023 (Q3)	-1.00 / -1.20	-0.17	-605.88% (-1.03)
Aug 10, 2023	2023 (Q2)	-0.04 / 23.65	0.24	9754.17% (+23.41)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CCOI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$42.69	$34.38	-19.47%
May 08, 2025	$50.63	$46.91	-7.35%
Feb 27, 2025	$75.14	$67.96	-9.56%
Nov 07, 2024	$78.50	$79.10	+0.76%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Cogent Communications (CCOI) report earnings?

Cogent Communications (CCOI) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Cogent Communications (CCOI) earnings time?

Cogent Communications (CCOI) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CCOI EPS forecast?

CCOI EPS forecast for the fiscal quarter 2025 (Q3) is -1.1.

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