Cogent Communications Holdings, Inc. (CCOI) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CCOI Revenue Growth
Revenue Breakdown (FY 2025)
CCOI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CCOI Revenue Analysis (2014–2025)
As of May 6, 2026, Cogent Communications Holdings, Inc. (CCOI) generated trailing twelve-month (TTM) revenue of $948.7 million, reflecting slight decline in growth of -3.2% year-over-year. The most recent quarter (Q1 2026) recorded $239.2 million in revenue, down 0.6% sequentially.
Looking at the longer-term picture, CCOI's 5-year compound annual growth rate (CAGR) stands at +11.4%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.04 billion in 2024.
Revenue diversification analysis shows CCOI's business is primarily driven by On-net (54%), Off-net (41%), and Wavelength Services (4%). With over half of revenue concentrated in On-net, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including LUMN (-6.8% YoY), IIPR (-13.6% YoY), and VZ (+2.5% YoY), CCOI has underperformed the peer group in terms of revenue growth. Compare CCOI vs LUMN →
CCOI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CCOICurrent | $949M | -3.2% | +11.4% | -10.6% | |
 LUMN | $12.4B | -6.8% | -9.7% | -1.5% | |
 IIPR | $266M | -13.6% | +17.9% | 46.7% | |
 VZ | $138.2B | +2.5% | +1.5% | 21.2% | |
 T | $125.6B | +2.9% | -6.1% | 19.2% | |
 TMUS | $88.3B | +9.5% | +5.2% | 21.2% |
CCOI Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $975.8M | -5.8% | $170.6M | 17.5% | $-103,813,000 | -10.6% |
| 2024 | $1.04B | +10.1% | $394.3M | 38.1% | $-197,606,000 | -19.1% |
| 2023 | $940.9M | +56.9% | $396.7M | 42.2% | $-129,329,000 | -13.7% |
| 2022 | $599.6M | +1.7% | $371.4M | 61.9% | $114.0M | 19.0% |
| 2021 | $589.8M | +3.8% | $363.5M | 61.6% | $119.2M | 20.2% |
| 2020 | $568.1M | +4.0% | $348.9M | 61.4% | $106.9M | 18.8% |
| 2019 | $546.2M | +5.0% | $326.4M | 59.8% | $100.3M | 18.4% |
| 2018 | $520.2M | +7.2% | $300.7M | 57.8% | $86.6M | 16.6% |
| 2017 | $485.2M | +8.6% | $275.9M | 56.9% | $75.9M | 15.6% |
| 2016 | $446.9M | +10.6% | $252.8M | 56.6% | $64.0M | 14.3% |
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Start ComparisonCCOI — Frequently Asked Questions
Quick answers to the most common questions about buying CCOI stock.
Is CCOI's revenue growth accelerating or slowing?
CCOI revenue growth slowed to -3.2%, below the 5-year CAGR of +11.4%. TTM revenue is $949M. The deceleration marks a shift from historical growth rates.
What is CCOI's long-term revenue growth rate?
Cogent Communications Holdings, Inc.'s 5-year revenue CAGR of +11.4% reflects the variable expansion pattern. Current YoY growth of -3.2% is near this long-term average.
How is CCOI's revenue distributed by segment?
CCOI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.