Earnings Releases·Nov 9, 2026, 4:07 PM ET

Csquare — Third Quarter 2026 Earnings Summary

Total revenue rose 25.6% year-over-year to $302.3 million, while Adjusted EBITDA expanded 44.3% to $132.1 million with margins increasing to 47.8%; however, net loss widened to $88.1 million from $29.8 million due to higher interest expense and IPO-related costs.
Full-year 2026 Adjusted EBITDA guidance was raised to $490–$500 million (from $460–$480 million), while total revenue guidance was slightly narrowed to $1.14–$1.16 billion (from $1.13–$1.17 billion).
Long-term debt decreased to $3.84 billion from $4.76 billion following the repayment of approximately $1.1 billion using proceeds from the July 2026 IPO, which generated $1.16 billion in net proceeds.
Bookings reached a record $66.1 million for the 14th consecutive quarter of sequential growth, and contracted power capacity increased 47% year-over-year to 428 MW.