Cogent Communications Holdings, Inc. (CCOI) Revenue History
Annual and quarterly revenue from 2000 to present
CCOI Revenue Over Time (2000–2025)
CCOI Revenue Growth History
23 of 24 years with positive growth- FY2000 revenue growth
- N/A
- FY2001 revenue growth
- N/A
- FY2002 revenue growth
- +1620.1%
- FY2003 revenue growth
- +14.5%
- FY2004 revenue growth
- +53.6%
- FY2005 revenue growth
- +48.1%
- FY2006 revenue growth
- +10.2%
- FY2007 revenue growth
- +24.5%
- FY2008 revenue growth
- +16.1%
- FY2009 revenue growth
- +9.4%
- FY2010 revenue growth
- +11.7%
- FY2011 revenue growth
- +16.0%
- FY2012 revenue growth
- +3.8%
- FY2013 revenue growth
- +9.8%
- FY2014 revenue growth
- +9.2%
- FY2015 revenue growth
- +6.4%
- FY2016 revenue growth
- +10.6%
- FY2017 revenue growth
- +8.6%
- FY2018 revenue growth
- +7.2%
- FY2019 revenue growth
- +5.0%
- FY2020 revenue growth
- +4.0%
- FY2021 revenue growth
- +3.8%
- FY2022 revenue growth
- +1.7%
- FY2023 revenue growth
- +56.9%
- FY2024 revenue growth
- +10.1%
- FY2025 revenue growth
- -5.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $239.2M | -3.2% |
| Q4 2025 | $240.5M | -4.7% |
| Q3 2025 | $222.7M | -13.4% |
| Q2 2025 | $246.2M | -5.5% |
| Q1 2025 | $247.0M | -7.2% |
| Q4 2024 | $252.3M | -7.3% |
| Q3 2024 | $257.2M | -6.6% |
| Q2 2024 | $260.4M | +13.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
CCOI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CCOI Revenue Analysis (2000–2025)
Current Revenue & Growth
As of June 21, 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.
Historical Growth Trajectory
CCOI's 5-year compound annual growth rate (CAGR) stands at +11.4%, indicating consistent double-digit revenue growth. The 3-year CAGR of +17.6% exceeds the 5-year average, indicating an acceleration in the most recent period. Cogent Communications Holdings, Inc.'s highest annual revenue of $1.04 billion was recorded in 2024.
Revenue by Segment
CCOI's revenue 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 has a focused business model while developing other growth vectors.
Peer Comparison
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 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 (2000–2025)
| 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% |
| 2015 | $404.2M | +6.4% | $229.7M | 56.8% | $53.0M | 13.1% |
| 2014 | $380.0M | +9.2% | $220.1M | 57.9% | $53.9M | 14.2% |
| 2013 | $348.0M | +9.8% | $197.8M | 56.8% | $46.2M | 13.3% |
| 2012 | $317.0M | +3.8% | $173.3M | 54.7% | $31.0M | 9.8% |
| 2011 | $305.5M | +16.0% | $173.3M | 56.7% | $36.5M | 11.9% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
26+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
CCOI — 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 is slowing. TTM revenue is $949M, up -3.2% year-over-year — below the 5-year CAGR of +11.4%. The deceleration suggests maturing end-markets or increased competition.
What is CCOI's revenue history from 2000 to 2026?
Cogent Communications Holdings, Inc. (CCOI) revenue history spans 2000 to 2026. TTM revenue as of 2026 is $949M, growing at -3.2% YoY. The 5-year CAGR is +11.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is CCOI's long-term revenue growth rate (CAGR)?
Cogent Communications Holdings, Inc.'s 5-year revenue CAGR of +11.4% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -3.2% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for CCOI.
Why does CCOI's quarterly revenue fluctuate?
CCOI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Cogent Communications Holdings, Inc.'s revenue data from 2000 to 2026 shows full historical quarterly detail on this page.
How is CCOI's revenue distributed by segment?
CCOI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does CCOI's revenue compare to industry peers?
Cogent Communications Holdings, Inc. (CCOI) with TTM revenue of $949M and -3.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.