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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
COGENT COMMUNICATIONS HOLDINGS, INC. is the larger business by last-quarter revenue ($240.5M vs $212.2M, roughly 1.1× LiveRamp Holdings, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -12.8%, a 31.6% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -4.7%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs -4.9%).
Cogent Communications Holdings, Inc. is a multinational internet service provider based in the United States. Cogent's primary services consist of Internet access and data transport, offered on a fiber optic, IP data-only network, along with colocation in data centers.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
CCOI vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $212.2M |
| Net Profit | $-30.8M | $39.9M |
| Gross Margin | 46.6% | 71.9% |
| Operating Margin | -4.7% | 18.6% |
| Net Margin | -12.8% | 18.8% |
| Revenue YoY | -4.7% | 8.6% |
| Net Profit YoY | 28.9% | 255.7% |
| EPS (diluted) | $-0.63 | $0.62 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $240.5M | $212.2M | ||
| Q3 25 | $241.9M | $199.8M | ||
| Q2 25 | $246.2M | $194.8M | ||
| Q1 25 | $247.0M | $188.7M | ||
| Q4 24 | $252.3M | $195.4M | ||
| Q3 24 | $257.2M | $185.5M | ||
| Q2 24 | $260.4M | $176.0M | ||
| Q1 24 | $266.2M | $171.9M |
| Q4 25 | $-30.8M | $39.9M | ||
| Q3 25 | $-41.5M | $27.4M | ||
| Q2 25 | $-57.8M | $7.7M | ||
| Q1 25 | $-52.0M | $-6.3M | ||
| Q4 24 | $-43.3M | $11.2M | ||
| Q3 24 | $-63.1M | $1.7M | ||
| Q2 24 | $-32.3M | $-7.5M | ||
| Q1 24 | $-65.3M | $-5.4M |
| Q4 25 | 46.6% | 71.9% | ||
| Q3 25 | 45.6% | 70.2% | ||
| Q2 25 | 44.2% | 70.1% | ||
| Q1 25 | 44.4% | 69.3% | ||
| Q4 24 | 38.5% | 71.9% | ||
| Q3 24 | 37.2% | 72.4% | ||
| Q2 24 | 40.0% | 70.6% | ||
| Q1 24 | 36.5% | 72.2% |
| Q4 25 | -4.7% | 18.6% | ||
| Q3 25 | -7.5% | 10.7% | ||
| Q2 25 | -12.8% | 3.7% | ||
| Q1 25 | -16.3% | -6.1% | ||
| Q4 24 | -13.2% | 7.5% | ||
| Q3 24 | -22.5% | 4.0% | ||
| Q2 24 | -18.1% | -3.0% | ||
| Q1 24 | -22.3% | -8.3% |
| Q4 25 | -12.8% | 18.8% | ||
| Q3 25 | -17.2% | 13.7% | ||
| Q2 25 | -23.5% | 4.0% | ||
| Q1 25 | -21.1% | -3.3% | ||
| Q4 24 | -17.2% | 5.7% | ||
| Q3 24 | -24.5% | 0.9% | ||
| Q2 24 | -12.4% | -4.3% | ||
| Q1 24 | -24.5% | -3.1% |
| Q4 25 | $-0.63 | $0.62 | ||
| Q3 25 | $-0.87 | $0.42 | ||
| Q2 25 | $-1.21 | $0.12 | ||
| Q1 25 | $-1.09 | $-0.10 | ||
| Q4 24 | $-0.89 | $0.17 | ||
| Q3 24 | $-1.33 | $0.03 | ||
| Q2 24 | $-0.68 | $-0.11 | ||
| Q1 24 | $-1.38 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $148.5M | $403.4M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $-63.8M | $962.3M |
| Total Assets | $3.1B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $403.4M | ||
| Q3 25 | $147.1M | $376.9M | ||
| Q2 25 | $213.7M | $371.1M | ||
| Q1 25 | $153.8M | $420.8M | ||
| Q4 24 | $198.5M | $384.3M | ||
| Q3 24 | $279.2M | $348.4M | ||
| Q2 24 | $384.4M | $342.7M | ||
| Q1 24 | $118.4M | $368.9M |
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-63.8M | $962.3M | ||
| Q3 25 | $-39.2M | $943.8M | ||
| Q2 25 | $46.7M | $947.8M | ||
| Q1 25 | $142.8M | $948.9M | ||
| Q4 24 | $222.8M | $957.7M | ||
| Q3 24 | $323.6M | $932.1M | ||
| Q2 24 | $415.5M | $951.9M | ||
| Q1 24 | $500.6M | $949.1M |
| Q4 25 | $3.1B | $1.3B | ||
| Q3 25 | $3.1B | $1.2B | ||
| Q2 25 | $3.3B | $1.2B | ||
| Q1 25 | $3.1B | $1.3B | ||
| Q4 24 | $3.2B | $1.3B | ||
| Q3 24 | $3.2B | $1.2B | ||
| Q2 24 | $3.3B | $1.2B | ||
| Q1 24 | $3.1B | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.53× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.0M | — |
| Free Cash FlowOCF − Capex | $-43.0M | — |
| FCF MarginFCF / Revenue | -17.9% | — |
| Capex IntensityCapex / Revenue | 15.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | — | ||
| Q3 25 | $3.1M | $57.4M | ||
| Q2 25 | $-44.0M | $-15.8M | ||
| Q1 25 | $36.4M | — | ||
| Q4 24 | $14.5M | $45.1M | ||
| Q3 24 | $-20.2M | $55.6M | ||
| Q2 24 | $-22.2M | $-9.3M | ||
| Q1 24 | $19.2M | — |
| Q4 25 | $-43.0M | — | ||
| Q3 25 | $-33.1M | $56.8M | ||
| Q2 25 | $-100.2M | $-16.2M | ||
| Q1 25 | $-21.7M | — | ||
| Q4 24 | $-31.6M | $44.8M | ||
| Q3 24 | $-79.5M | $55.4M | ||
| Q2 24 | $-70.9M | $-9.6M | ||
| Q1 24 | $-21.7M | — |
| Q4 25 | -17.9% | — | ||
| Q3 25 | -13.7% | 28.4% | ||
| Q2 25 | -40.7% | -8.3% | ||
| Q1 25 | -8.8% | — | ||
| Q4 24 | -12.5% | 22.9% | ||
| Q3 24 | -30.9% | 29.8% | ||
| Q2 24 | -27.2% | -5.4% | ||
| Q1 24 | -8.1% | — |
| Q4 25 | 15.4% | 0.1% | ||
| Q3 25 | 15.0% | 0.3% | ||
| Q2 25 | 22.8% | 0.2% | ||
| Q1 25 | 23.5% | 0.2% | ||
| Q4 24 | 18.3% | 0.1% | ||
| Q3 24 | 23.0% | 0.1% | ||
| Q2 24 | 18.7% | 0.1% | ||
| Q1 24 | 15.4% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
