COGENT COMMUNICATIONS HOLDINGS, INC.
For the period ended Nov 6, 2025. Filed Nov 6, 2025.
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Nov 6, 2025 · Filed Nov 6, 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)
| | September 30, | December 31, |
|---|---|---|
| | 2025 | 2024 |
| | (Unaudited) | |
| Assets | | |
| Current assets: | | |
| Cash and cash equivalents | $147,088 | $198,486 |
| Restricted cash | 79,206 | 29,430 |
| Accounts receivable, net of allowance for credit losses of $6,406 and $9,762, respectively | 95,853 | 96,934 |
| Due from T-Mobile, IP Transit Services Agreement, current portion, net of discount of $12,076 and $16,915, respectively | 87,924 | 83,085 |
| Due from T-Mobile, Transition Services Agreement | 231 | 62 |
| Prepaid expenses and other current assets | 69,467 | 74,104 |
| Total current assets | 479,769 | 482,101 |
| Property and equipment: | | |
| Property and equipment | 3,584,540 | 3,319,731 |
| Accumulated depreciation and amortization | (1,871,828) | (1,655,564) |
| Total property and equipment, net | 1,712,712 | 1,664,167 |
| Right-of-use leased assets | 318,701 | 324,315 |
| IPv4 intangible asset | 458,000 | 458,000 |
| Other intangible assets, net | 11,699 | 13,029 |
| Deposits and other assets | 31,147 | 29,596 |
| Due from T-Mobile, IP Transit Services Agreement, net of discount of $4,083 and $12,312, respectively | 112,584 | 179,534 |
| Due from T-Mobile, Purchase Agreement, net of discount of $4,455 and $5,755, respectively | 23,659 | 22,360 |
| Total assets | $3,148,271 | $3,173,102 |
| Liabilities and stockholders’ equity | | |
| Current liabilities: | | |
| Accounts payable | $28,390 | $39,805 |
| Accrued and other current liabilities | 129,021 | 134,609 |
| Due to T-Mobile – Transition Services Agreement | 18 | 525 |
| Current maturities, operating lease liabilities | 55,127 | 57,172 |
| Finance lease obligations, current maturities | 24,990 | 21,225 |
| Total current liabilities | 237,546 | 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 $1,436 and $2,013, respectively, and discounts of $5,041 and $7,053, respectively | 743,523 | 740,934 |
| Secured IPv4 notes, net of unamortized debt costs of $9,377 and $6,702, respectively | 371,023 | 199,298 |
| Senior secured 2032 notes, net of unamortized debt costs of $2,082 | 597,918 | — |
| Operating lease liabilities, net of current maturities | 278,761 | 302,004 |
| Finance lease obligations, net of current maturities | 576,851 | 517,161 |
| Deferred income tax liabilities | 351,544 | 398,266 |
| Other long-term liabilities | 30,275 | 40,129 |
| Total liabilities | 3,187,441 | 2,950,254 |
| Commitments and contingencies: | | |
| Stockholders’ (deficit) equity: | | |
| Common stock, $0.001 par value; 75,000,000 shares authorized; 49,121,159 and 49,034,925 shares issued and outstanding, respectively | 49 | 49 |
| Additional paid-in capital | 637,710 | 629,829 |
| Accumulated other comprehensive loss | (1,432) | (30,685) |
| Accumulated deficit | (675,497) | (376,345) |
| Total stockholders’ (deficit) equity | (39,170) | 222,848 |
| Total liabilities and stockholders’ (deficit) equity | $3,148,271 | $3,173,102 |
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