Cogent Communications在2025年第四季度收入略有下降，但波长服务增长，利润率提升，预计年收入增长6%-8%，债务减少。 Cogent Communications saw slight Q4 2025 revenue decline, but growth in wavelength services and improved margins, with expectations for 6%-8% annual revenue growth and debt reduction.

Cogent Communications报告2025年第四季度收入为2.405亿美元，较前几个季度略有下降，2025年全年收入为9.758亿美元，较2024年有所下降。 Cogent Communications reported Q4 2025 revenue of $240.5 million, down slightly from prior quarters, with full-year 2025 revenue at $975.8 million, a decline from 2024. 波长服务推动增长,全年增长74%,在问题4中达到1 210万美元,当年达到3 850万美元,而IPv4租赁收入增长了43.8%,达到6 450万美元。 Wavelength services drove growth, rising 74% year-over-year to $12.1 million in Q4 and reaching $38.5 million for the year, while IPv4 leasing revenue increased 43.8% to $64.5 million. 毛利率在今年提高至45.4%,高于2024年的38.2%,调整后的EBITDA增加至7670万美元. Gross margin improved to 45.4% for the year, up from 38.2% in 2024, and adjusted EBITDA rose to $76.7 million. 尽管出现了积极趋势,但本年度业务现金净额为负600万美元(问题4)和1 060万美元。 Despite positive trends, net cash from operations was negative $6.0 million in Q4 and $10.6 million for the year. 该公司预计年收入增长6%-8%,并持续扩大EBITDA的利润幅度,同时继续整合Sprint Wirline并减少债务。 The company expects 6%-8% annual revenue growth and ongoing EBITDA margin expansion, while continuing to integrate Sprint Wireline and reduce debt.