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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME      
Service revenue $ 975,766 $ 1,036,104 $ 940,922
Operating expenses:      
Network operations (including $1,885, $1,681 and $1,069 of equity-based compensation expense, respectively), exclusive of amounts shown separately 534,962 641,836 544,232
Selling, general, and administrative (including $24,532, $24,057 and $25,855 of equity-based compensation expense, respectively) 274,436 275,781 275,318
Acquisition costs - Cogent Fiber Business   21,407 18,492
Depreciation and amortization 270,181 298,018 232,209
Total operating expenses 1,079,579 1,237,042 1,070,251
Gains on lease terminations and other 2,740 3,332 (212)
Operating loss (101,073) (197,606) (129,329)
Interest expense, including change in valuation - interest rate swap (161,362) (123,317) (93,344)
Loss on debt extinguishment and redemption - 2026 Notes (5,606)    
Gain on bargain purchase - Cogent Fiber Business   22,202 1,406,435
Interest income - IP Transit Services Agreement 16,391 23,767 26,796
Interest income - Purchase Agreement 1,749 748 1,889
Interest income and other 4,936 14,557 7,030
(Loss) income before income taxes (244,965) (259,649) 1,219,477
Income tax benefit 62,791 55,575 53,964
Net (loss) income (182,174) (204,074) 1,273,441
Comprehensive (loss) income:      
Net (loss) income (182,174) (204,074) 1,273,441
Foreign currency translation adjustment 32,113 (16,300) 4,771
Comprehensive (loss) income $ (150,061) $ (220,374) $ 1,278,212
Net loss per common share:      
Basic net (loss) income per common share $ (3.8) $ (4.28) $ 26.88
Diluted net (loss) income per common share (3.8) (4.28) 26.62
Dividends declared per common share $ 3.05 $ 3.92 $ 3.76
Weighted-average common shares-basic 47,928,826 47,627,873 47,373,361
Weighted-average common shares -diluted 47,928,826 47,627,873 47,837,512