Csquare | 8-K: FY2026 Q2 Revenue: USD 280.35 M

Revenue: As of FY2026 Q2, the actual value is USD 280.35 M.

EPS: As of FY2026 Q2, the actual value is USD -0.47.

EBIT: As of FY2026 Q2, the actual value is USD 56.23 M.

Financial Highlights for Q2 2026 and Six Months Ended June 30, 2026

Revenue

Csquare, Inc. reported total revenue of $280.4 million for the second quarter of 2026, an increase of 14.5% year-over-year compared to $244.8 million in the prior-year period. For the six months ended June 30, 2026, total revenue was $550.8 million, up 15.4% from $477.5 million in the prior-year period. Revenue excluding Metered Power increased by 12.3% to $260.2 million for Q2 2026.

Segment Revenue (Three Months Ended June 30, 2026 vs 2025)

Colocation revenue was $210.6 million, an increase of 17.5% from $179.3 million. Interconnection revenue decreased by -10.3% to $24.7 million from $27.5 million. Other revenue was $12.6 million, down -2.4% from $12.9 million. Recurring Revenues totaled $247.9 million, up 12.8% from $219.7 million, while Non-recurring Revenues were $12.3 million, up 2.6% from $12.0 million. Metered Power Revenues grew by 54.6% to $20.1 million from $13.0 million.

Segment Revenue (Six Months Ended June 30, 2026 vs 2025)

Colocation revenue reached $414.0 million, an increase of 16.8% from $354.6 million. Interconnection revenue was $49.6 million, a decrease of -8.2% from $54.0 million. Other revenue increased by 13.8% to $25.6 million from $22.5 million. Recurring Revenues were $489.2 million, up 13.5% from $431.1 million, and Non-recurring Revenues were $19.7 million, down -6.2% from $21.0 million. Metered Power Revenues increased by 65.0% to $41.9 million from $25.4 million.

Net Loss

Csquare, Inc. reported a net loss of -$48.8 million for Q2 2026, compared to a net loss of -$13.9 million in Q2 2025. For the six months ended June 30, 2026, the net loss was -$114.8 million, compared to a net loss of -$48.8 million in the prior-year period.

Adjusted EBITDA

Adjusted EBITDA for Q2 2026 was $120.3 million, a 21.0% increase year-over-year from $99.4 million in Q2 2025. For the six months ended June 30, 2026, Adjusted EBITDA was $228.6 million, a 23% increase from $185.7 million in the prior-year period. The Adjusted EBITDA Margin expanded to 46.2% in Q2 2026, up from 42.9% in Q2 2025.

Funds From Operations (FFO)

FFO for Q2 2026 was $40.8 million, a decrease of -18.9% from $50.2 million in Q2 2025. For the six months ended June 30, 2026, FFO was $59.3 million, a decrease of -25% from $79.0 million in the prior-year period.

Operational Metrics

Bookings reached a record $64.7 million in Q2 2026, marking the 13th consecutive quarter of record bookings. Contracted Power Capacity increased 44% year-over-year to 410 MW as of Q2 2026, from 285 MW in Q2 2025. Sellable Power Capacity totaled 385 MW as of June 30, 2026, compared to 328 MW in Q2 2025. Contracted Utilization reached 107% in Q2 2026, up from 87% in Q2 2025. Net Revenue Churn declined to 2.4% in Q2 2026, compared to 2.9% in the prior-year period. Growth Capital Expenditures of $128 million and Recurring Capital Expenditures of $15 million were deployed during the quarter.

Cash Flow (Six Months Ended June 30, 2026 vs 2025)

Net Cash Provided by Operating Activities was $33.6 million, compared to $65.5 million in the prior-year period. Net Cash Used in Investing Activities was -$150.4 million, compared to -$113.2 million in the prior-year period. Net Cash Provided by Financing Activities was $50.2 million, compared to $85.4 million in the prior-year period.

Outlook / Guidance (2026 Full Year)

Csquare, Inc. projects total revenue for 2026 to be between $1,130 million and $1,170 million, with Adjusted EBITDA expected to range from $460 million to $480 million. The company anticipates recurring capital expenditures of $55 million to $65 million and non-recurring growth capital expenditures of $610 million to $660 million. This growth capital expenditure guidance includes two new large deals signed at the end of Q2.