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Side-by-side financial comparison of COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI) and BRC Group Holdings, Inc. (RILY). 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 $188.3M, roughly 1.3× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -12.8%, a 60.7% gap on every dollar of revenue. On growth, COGENT COMMUNICATIONS HOLDINGS, INC. posted the faster year-over-year revenue change (-4.7% vs -21.9%). Over the past eight quarters, COGENT COMMUNICATIONS HOLDINGS, INC.'s revenue compounded faster (-4.9% CAGR vs -15.4%).
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.
CCOI vs RILY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.5M | $188.3M |
| Net Profit | $-30.8M | $90.3M |
| Gross Margin | 46.6% | 79.5% |
| Operating Margin | -4.7% | 32.3% |
| Net Margin | -12.8% | 47.9% |
| Revenue YoY | -4.7% | -21.9% |
| Net Profit YoY | 28.9% | 1710.8% |
| EPS (diluted) | $-0.63 | $2.78 |
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 | $188.3M | ||
| Q3 25 | $241.9M | $215.3M | ||
| Q2 25 | $246.2M | $188.2M | ||
| Q1 25 | $247.0M | $197.2M | ||
| Q4 24 | $252.3M | $241.0M | ||
| Q3 24 | $257.2M | $225.5M | ||
| Q2 24 | $260.4M | $256.0M | ||
| Q1 24 | $266.2M | $263.4M |
| Q4 25 | $-30.8M | $90.3M | ||
| Q3 25 | $-41.5M | $91.1M | ||
| Q2 25 | $-57.8M | $139.5M | ||
| Q1 25 | $-52.0M | $-10.0M | ||
| Q4 24 | $-43.3M | $-5.6M | ||
| Q3 24 | $-63.1M | $-284.4M | ||
| Q2 24 | $-32.3M | $-433.6M | ||
| Q1 24 | $-65.3M | $-49.2M |
| Q4 25 | 46.6% | 79.5% | ||
| Q3 25 | 45.6% | 83.7% | ||
| Q2 25 | 44.2% | 81.3% | ||
| Q1 25 | 44.4% | 81.4% | ||
| Q4 24 | 38.5% | 79.8% | ||
| Q3 24 | 37.2% | 82.1% | ||
| Q2 24 | 40.0% | 84.5% | ||
| Q1 24 | 36.5% | 85.3% |
| Q4 25 | -4.7% | 32.3% | ||
| Q3 25 | -7.5% | 30.4% | ||
| Q2 25 | -12.8% | 5.7% | ||
| Q1 25 | -16.3% | -31.2% | ||
| Q4 24 | -13.2% | -69.2% | ||
| Q3 24 | -22.5% | -36.4% | ||
| Q2 24 | -18.1% | -90.8% | ||
| Q1 24 | -22.3% | -6.1% |
| Q4 25 | -12.8% | 47.9% | ||
| Q3 25 | -17.2% | 42.3% | ||
| Q2 25 | -23.5% | 74.1% | ||
| Q1 25 | -21.1% | -5.1% | ||
| Q4 24 | -17.2% | -2.3% | ||
| Q3 24 | -24.5% | -126.1% | ||
| Q2 24 | -12.4% | -169.4% | ||
| Q1 24 | -24.5% | -18.7% |
| Q4 25 | $-0.63 | $2.78 | ||
| Q3 25 | $-0.87 | $2.91 | ||
| Q2 25 | $-1.21 | $4.50 | ||
| Q1 25 | $-1.09 | $-0.39 | ||
| Q4 24 | $-0.89 | $-0.01 | ||
| Q3 24 | $-1.33 | $-9.39 | ||
| Q2 24 | $-0.68 | $-14.35 | ||
| Q1 24 | $-1.38 | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | $1.7B | $1.4B |
| Stockholders' EquityBook value | $-63.8M | $-171.5M |
| Total Assets | $3.1B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $226.6M | ||
| Q3 25 | $147.1M | $184.2M | ||
| Q2 25 | $213.7M | $267.4M | ||
| Q1 25 | $153.8M | $138.3M | ||
| Q4 24 | $198.5M | $146.9M | ||
| Q3 24 | $279.2M | $159.2M | ||
| Q2 24 | $384.4M | $236.9M | ||
| Q1 24 | $118.4M | $190.7M |
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $1.5B | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-63.8M | $-171.5M | ||
| Q3 25 | $-39.2M | $-260.5M | ||
| Q2 25 | $46.7M | $-351.7M | ||
| Q1 25 | $142.8M | $-496.8M | ||
| Q4 24 | $222.8M | $-488.2M | ||
| Q3 24 | $323.6M | $-497.6M | ||
| Q2 24 | $415.5M | $-218.3M | ||
| Q1 24 | $500.6M | $228.4M |
| Q4 25 | $3.1B | $1.7B | ||
| Q3 25 | $3.1B | $1.7B | ||
| Q2 25 | $3.3B | $1.5B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $3.2B | $1.8B | ||
| Q3 24 | $3.2B | $2.2B | ||
| Q2 24 | $3.3B | $3.2B | ||
| Q1 24 | $3.1B | $5.0B |
| 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 | $26.2M |
| Free Cash FlowOCF − Capex | $-43.0M | — |
| FCF MarginFCF / Revenue | -17.9% | — |
| Capex IntensityCapex / Revenue | 15.4% | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $-198.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.0M | $26.2M | ||
| Q3 25 | $3.1M | $-60.6M | ||
| Q2 25 | $-44.0M | $-25.6M | ||
| Q1 25 | $36.4M | $184.0K | ||
| Q4 24 | $14.5M | $-2.7M | ||
| Q3 24 | $-20.2M | $19.5M | ||
| Q2 24 | $-22.2M | $111.5M | ||
| Q1 24 | $19.2M | $135.4M |
| Q4 25 | $-43.0M | — | ||
| Q3 25 | $-33.1M | — | ||
| Q2 25 | $-100.2M | — | ||
| Q1 25 | $-21.7M | — | ||
| Q4 24 | $-31.6M | — | ||
| Q3 24 | $-79.5M | — | ||
| Q2 24 | $-70.9M | — | ||
| Q1 24 | $-21.7M | — |
| Q4 25 | -17.9% | — | ||
| Q3 25 | -13.7% | — | ||
| Q2 25 | -40.7% | — | ||
| Q1 25 | -8.8% | — | ||
| Q4 24 | -12.5% | — | ||
| Q3 24 | -30.9% | — | ||
| Q2 24 | -27.2% | — | ||
| Q1 24 | -8.1% | — |
| Q4 25 | 15.4% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | 22.8% | — | ||
| Q1 25 | 23.5% | — | ||
| Q4 24 | 18.3% | — | ||
| Q3 24 | 23.0% | — | ||
| Q2 24 | 18.7% | — | ||
| Q1 24 | 15.4% | — |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCOI
Segment breakdown not available.
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
