Csquare(NYSE) CSQR

Csquare, Inc. provides secure spaces for company computer servers. These facilities help businesses run apps and store data safely. Its services provide the power needed for fast digital connections.

The Digital Engine Room

• Enterprise Colocation: Licensing of cabinet space and power to support customer hardware.
• Interconnection Services: Physical and virtual links between different networks and cloud providers.
• Metered Power: Electricity charges billed to customers based on their actual power consumption.
• Technical Support: Professional services including hardware troubleshooting, cabling, and equipment installation.

Building for the Future

• Completed the 2025 Portfolio Acquisition, which added $25.5 million in colocation revenue during the first six months of 2026.
• Implemented a strategic exit initiative in 2026 that involved surrendering specific leased locations to optimize the portfolio.
• Identified approximately $4 billion in potential expansion opportunities within existing data centers to support customer growth.
• Acquired data center assets through the 2024 Portfolio Acquisition to expand the company infrastructure platform.

Speed and Scale

Csquare operates 62 sites across 21 metropolitan markets in the United States, Canada, and the United Kingdom. Its network design ensures that over 92% of the U.S. population is within 2 milliseconds of signal delay from its data centers.

The Financial Vital Signs

• Total revenues rose 15% year over year to $280.4 million for the three months ended June 30, 2026.
• Net loss was $48.8 million for the three months ended June 30, 2026, compared to $13.9 million in the prior-year period.
• Bookings for the three-month period ended June 30, 2026, increased by 31% year over year to $64.7 million.
• Adjusted EBITDA rose 21% year over year to $120.3 million for the three months ended June 30, 2026.
• Total available liquidity reached $356.0 million as of June 30, 2026.

Bottom Line

Csquare has evolved into a significant North American digital infrastructure platform through strategic site acquisitions and organic growth. Its geographically diverse facilities provide critical connectivity for over 1,700 enterprise and cloud customers.