COGENT COMMUNICATIONS HOLDINGS, INC.
For the period ended Aug 7, 2025. Filed Aug 7, 2025.
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Aug 7, 2025 · Filed Aug 7, 2025
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CCOI$3.98-15.1%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (IN THOUSANDS, EXCEPT SHARE DATA)
(IN THOUSANDS, EXCEPT SHARE DATA)
| June 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $213,651 | $198,486 |
| Restricted cash | 93,074 | 29,430 |
| Accounts receivable, net of allowance for credit losses of $8,390 and $9,762, respectively | 95,127 | 96,934 |
| Due from T-Mobile, IP Transit Services Agreement, current portion, net of discount of $13,720 and $16,915, respectively | 86,280 | 83,085 |
| Due from T-Mobile, Transition Services Agreement | 119 | 62 |
| Prepaid expenses and other current assets | 72,720 | 74,104 |
| Total current assets | 560,971 | 482,101 |
| Property and equipment: | ||
| Property and equipment | 3,546,033 | 3,319,731 |
| Accumulated depreciation and amortization | (1,820,651) | (1,655,564) |
| Total property and equipment, net | 1,725,382 | 1,664,167 |
| Right-of-use leased assets | 325,681 | 324,315 |
| IPv4 intangible asset | 458,000 | 458,000 |
| Other intangible assets, net | 12,147 | 13,029 |
| Deposits and other assets | 29,809 | 29,596 |
| Due from T-Mobile, IP Transit Services Agreement, net of discount of $6,343 and $12,312, respectively | 135,323 | 179,534 |
| Due from T-Mobile, Purchase Agreement, net of discount of $4,897 and $5,755, respectively | 23,218 | 22,360 |
| Total assets | $3,270,531 | $3,173,102 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $49,169 | $39,805 |
| Accrued and other current liabilities | 116,653 | 134,609 |
| Due to T-Mobile – Transition Services Agreement | 9 | 525 |
| Current maturities, operating lease liabilities | 50,932 | 57,172 |
| Finance lease obligations, current maturities | 26,523 | 21,225 |
| Total current liabilities | 243,286 | 253,336 |
| Senior secured 2026 notes, net of unamortized debt costs of $375 and discount of $499 | — | 499,126 |
| Senior unsecured 2027 notes, net of unamortized debt costs of $1,632 and $2,013, respectively, and discounts of $5,724 and $7,053, respectively | 742,644 | 740,934 |
| Secured IPv4 notes, net of unamortized debt costs of $9,880 and $6,702, respectively | 370,520 | 199,298 |
| Senior secured 2032 notes, net of unamortized debt costs of $2,143 | 597,857 | — |
| Operating lease liabilities, net of current maturities | 298,515 | 302,004 |
| Finance lease obligations, net of current maturities | 578,634 | 517,161 |
| Deferred income tax liabilities | 362,464 | 398,266 |
| Other long-term liabilities | 29,943 | 40,129 |
| Total liabilities | 3,223,863 | 2,950,254 |
| Commitments and contingencies: | ||
| Stockholders’ equity: | ||
| Common stock, $0.001 par value; 75,000,000 shares authorized; 49,246,196 and 49,034,925 shares issued and outstanding, respectively | 49 | 49 |
| Additional paid-in capital | 632,702 | 629,829 |
| Accumulated other comprehensive loss | (1,196) | (30,685) |
| Accumulated deficit | (584,887) | (376,345) |
| Total stockholders’ equity | 46,668 | 222,848 |
| Total liabilities and stockholders’ equity | $3,270,531 | $3,173,102 |
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