Csquare, Inc. (CSQR) AI Stock Analysis

Csquare, Inc. operates as a digital infrastructure platform that provides interconnection services. The company offers a geographically proximate, carrier-neutral colocation platform with pre-built power and cooling infrastructure. It delivers operating requirements solutions, addressing needs for network proximity, consistent operating standards, and high service availability. Csquare also supports sub-5 MW colocation deployments within multi-customer interconnection-rich environments. Headquartered in Coppell, Texas, the company serves enterprise, network, cloud, and technology customers and operates as a subsidiary of Dawn Topco L.P.

Csquare grew revenue from $198.3M in FY2023 to $907.6M in FY2024, representing an increase of 357.8%, before reaching $987.0M in FY2025, which reflects 8.8% growth. Gross margin improved from 29.4% in FY2023 to 48.4% in FY2025, while operating margin shifted from -20.8% in FY2023 to 10.2% in FY2025. Net income was -$79.7M in FY2023, $458.5M in FY2024, and -$119.9M in FY2025. In the trailing twelve months ended June 30, 2026, revenue stood at $1.06B with an operating margin of 8.0% and a net profit margin of -17.5%. Quarterly revenue grew 14.5% year-over-year in the period ended June 30, 2026.

As of June 30, 2026, Csquare held $120.8M in cash and short-term investments against $4.97B in total debt, leading to net debt of $4.84B. Total assets stood at $6.00B, while shareholders' equity was -$388.6M. The company had a current ratio of 1.67. Operating cash flow improved to $172.0M in FY2025 from $81.0M in FY2024. Capital expenditures reached $545.4M in FY2025, contributing to free cash flow of -$373.4M. Additionally, Csquare paid dividends of $785.0M in FY2025.

At its last close of $16.09 on October 16, 2026, Csquare had a market cap of $2.68B and an enterprise value of $8.73B. The stock trades at a price-to-sales multiple of 2.5x, slightly below the 2.8x median of its US-listed Technology peers. Its EV/EBITDA multiple stands at 19.9x, which is higher than the sector peer median of 16.6x, and its EV/revenue multiple is 8.2x. Over the broader market, the S&P 500 (SPY) delivered returns of 16.8% over one year and 83.0% over five years. CSQR has traded between a 52-week low of $15.52 and a 52-week high of $23.50.

Wall Street coverage consists of 6 Strong Buy, 3 Buy, and 1 Hold ratings, with 0 Sell or Strong Sell recommendations. The mean price target is $28.40, which implies 76.5% upside compared to the last close of $16.09. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $1.15B and an EPS of -$1.80. For the next fiscal year, 7 analysts project revenue to increase 15.6% to $1.32B, with EPS estimated at -$1.02, representing expected EPS growth of 43.5%.

This page is an AI-written research summary of Csquare, Inc. (CSQR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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