Cogent (CCOI) Q4 2025 Earnings Call Transcript
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 20, 2026
AI-Generated Deep Dive Summary
Cogent Communications (CCOI) reported its Q4 2025 earnings call transcript, revealing mixed financial results. While the company faced significant revenue attrition in its acquired Sprint wireline corporate and enterprise segments, it saw some positive trends elsewhere. Total quarterly revenue declined by $1.4 million to $200.1 million, marking a smaller sequential decline compared to previous quarters. Notably, on-net revenue grew 7.8% year over year, reaching $146.4 million, while off-net revenue fell 17.9% year over year due to structural issues in the acquired base.
The company’s adjusted EBITDA reached $76.7 million for the quarter, up $3 million sequentially, with margins improving by 140 basis points to 31.9%. This performance was driven by strong growth in wavelength revenue, which surged 74% year over year to $12.1 million and accounted for nearly a third of total revenue. However, the decline in corporate and enterprise segments—dropping from $60 million to
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Originally published on The Motley Fool on 2/20/2026