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Cogent Communications Holdings, Inc. balance sheet

At the end of fiscal 2025, Cogent Communications Holdings, Inc. had total assets of $3.10bn, total liabilities of $3.16bn and shareholders' equity of −$63.8m. It held $149m in cash against $1.73bn of debt: net debt of $1.58bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents30528820427424727639937132022475198149184
Receivables31333134394240444244135978886
Total current assets354336251328306350476456410366514482451606
Total assets7557556637387117409321,0009851,0103,2123,1733,1003,104
Accounts payable141312121291110122748403136
Deferred revenue (current)4444554555766—
Total current liabilities1446069687575909481120373253221960
Long-term debt2454404715705756457988828989509501,4561,730—
Total debt3344404715705756457988828989509501,4561,7301,730
Total liabilities5626716757918138891,1361,2941,3581,5292,6022,9503,1643,138
Shareholders' equity19384−12−53−103−149−204−293−373−519610223−64−34
Net debt (negative = net cash)291532682953283693995115787268751,2581,5821,547
Shares outstanding47m46m45m45m46m46m47m47m48m48m49m49m50m51m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Cogent Communications Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cogent Communications Holdings, Inc.