Cogent Communications Holdings, Inc.

CCOINASDAQCommunication Services● Active

$17.82

+$0.99(+5.89%)

Market Cap$892454723

P/E Ratio—

52W High$54.37

52W Low$14.82

Avg Volume1.2M

Open$17.08

Beta0.75

Free Cash Flow Financials Revenue

Cogent Communications Holdings, Inc. (CCOI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CCOI · free cash flow · updated Jun 8, 2026

Core FCF metrics

CCOI · FCF · TTM · margin & CAGR

Free cash flow was −$198.1M for FY2025 (fiscal year ending 2025-12-31), up 2.7% year-over-year The FCF margin was -20.3%.

FY2025 Free Cash Flow−$198.1M▲ +2.7% YoY

Trailing 12M (TTM)−$207.8Mtrailing 4 quarters sum

FCF Margin-20.3%−$198.1M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CCOI · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$10.6M(188M)−$198.1M▲ +2.7%-20.3%

FY2024−$8.6M(195M)−$203.6M▼ 81.4%-19.6%

FY2023$17.3M(130M)−$112.3M▼ 218.5%-11.9%

FY2022$173.7M(79M)$94.7M▼ 5.6%15.8%

FY2021$170.3M(70M)$100.3M▲ +18.9%17.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CCOI · P/FCF · FCF yield · FCF per share

Cogent Communications Holdings, Inc. (CCOI) reported negative free cash flow of −$0.20B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CCOI · cash flow statement · operating / investing / financing

For FY2025, Cogent Communications Holdings, Inc. generated −$10.6M in operating cash flow and spent 188M in capital expenditures, yielding −$198.1M in free cash flow.

Operating Activities

−$10.6M

Cash from core business operations

2025-12-31

Investing Activities

−$87.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$62.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$10.6M) − |CapEx| (188M) = FCF (−$198.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Communication Services)

CCOI vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Cogent Communications Holdings, Inc.YOU

CCOI

−$198.1M+2.7%-20.3%

Loss

About Free Cash Flow & Methodology

Cogent Communications Holdings, Inc. (CCOI) reported free cash flow of −$198.1M for FY2025 (fiscal year ending 2025-12-31), up 2.7% year-over-year. The FCF margin was -20.3%.

Based on available data, Cogent Communications Holdings, Inc. has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $101.9M in FY2019.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CCOI free cash flow · 8 questions

Cogent Communications Holdings, Inc. free cash flow was −$198.1M for FY2025, up 2.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$207.8M.

CCOI free cash flowCCOI FCFCCOI FCF 2025CCOI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Cogent Communications Holdings, Inc. · Cogent Communications Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026