Cogent Communications

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Investor Relations

Q1 2023 Financial Highlights

  • On May 1, 2023 Cogent completed its acquisition of the U.S. long-haul fiber network (including the non-U.S. extensions thereof) of the wireline business of Sprint Communications and its subsidiaries (“Sprint”).
  • Cogent approved an increase of $0.01 per share to its regular quarterly dividend for a total of $0.935 per share for Q2 2023 as compared to $0.925 per share for Q1 2023 – Cogent’s forty-third consecutive quarterly dividend increase.
    • The Q2 2023 $0.935 dividend per share represents an annual increase of 6.3% from the dividend per share of $0.880 for Q2 2022.
  • Service revenue increased from Q4 2022 to Q1 2023 by 1.1% to $153.6 million and increased from Q1 2022 to Q1 2023 by 3.0%.
    • Service revenue, on a constant currency basis, increased from Q4 2022 to Q1 2023 by 0.2% and increased from Q1 2022 to Q1 2023 by 4.0%.
  • Net cash provided by operating activities was $35.8 million for Q1 2023.
  • Sprint acquisition costs were $0.4 million for Q1 2023.
  • EBITDA margin, including the impact of $0.4 million of Sprint acquisition costs for Q1 2023 was 36.5%.
    • EBITDA, excluding the impact of $0.4 million of Sprint acquisition costs for Q1 2023 was 36.8%.

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Most Recent News

May 25, 2023
Cogent Communications CEO to Present at Two Upcoming Conferences

May 9, 2023
Cogent Communications CEO to Present at Two Upcoming Conferences

May 4, 2023
Cogent Communications Closes its Acquisition of the Sprint Wireline Business, Reports First Quarter 2023 Results and Increases its Regular Quarterly Dividend on its Common Stock

May 1, 2023
Cogent Communications Announces Closing of Acquisition of T-Mobile’s Wireline Business

All Press Releases

Upcoming and Recent Events

June 6, 2023
Baird 2023 Global Consumer, Technology & Services Conference

May 31, 2023
TD Cowen 51st Annual Technology, Media & Telecom Conference

May 23, 2023
J.P. Morgan 51st Annual Global Technology, Media and Communications Conference

May 16, 2023
MoffetNathanson Inaugural Technology, Media, and Telecom Conference

All Events

Resources

Find out how to contact Cogent's IR team, as well as a list of frequently asked questions

Resources

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Learn more about our Board of Directors, as well as our Corporate Governance Policies

Governance

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Cogent Communications

  • Cogent is one of the world's largest Internet Service Providers, delivering high quality Internet, Ethernet and Colocation services across over 97,427 Enterprise and NetCentric customer connections. Cogent serves over 219 markets in 51 countries across its facilities-based, all-optical IP network.
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