Cogent Q2 FY26 net income turns to profit at USD 66.64 million; revenue falls 1.5% to USD 235.56 million vs Q1 FY26

• Cogent reported GAAP net income of USD 66.64 million, swinging from a loss a year earlier; GAAP EPS was USD 1.39.
• Service revenue fell 1.5% from Q1 to USD 235.56 million, down 4.3% from a year earlier.
• Operating income rose to USD 118.94 million on a USD 132.04 million gain on asset sales, including a USD 130.7 million gain from data centers sold.
• Adjusted EBITDA rose 1.3% sequentially to USD 71.1 million; adjusted margin widened 0.9 percentage point to 30.2%.
• Net leverage ratio adjusted for amounts due from T-Mobile declined to 6.23 from 6.79; cash and restricted cash ended at USD 369.67 million.

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