Csquare reported second quarter 2026 total revenue of $280.4 million, a 14.5% year-over-year increase fueled by sustained demand for colocation and recurring infrastructure services. Despite a net loss of $48.8 million due to pre-IPO interest obligations, the company achieved significant operating leverage with Adjusted EBITDA growing 21% to $120.3 million.
Key Highlights
- Achieved record annualized bookings of $64.7 million, representing the 13th consecutive quarter of sequential bookings growth.
- Expanded contracted power capacity by 44% year-over-year to 410 MW, with utilization reaching 107% of current sellable capacity.
- Successfully completed a July 2026 IPO, utilizing $1.16 billion in proceeds to repay debt and reduce annualized interest expense by approximately $63 million.
- Improved portfolio quality through the divestiture of two underperforming leased data centers while maintaining a 2.4% net revenue churn rate.