Cogent Communications Holdings, Inc. Q4 2025 Earnings Call Summary

Management has effectively completed the integration of Sprint and Cogent networks, shifting focus from restructuring to organic growth and product optimization. Performance is being driven by a deliberate rotation toward high-margin on-net products, which now represent 61% of total revenue compared to 47% in 2023. The 64% decline in acquired Sprint wireline revenue since closing has masked the 27% growth in the legacy Cogent Classic business over the same period. Wavelength services are emerging as ...