CSQR Stock Analysis: Csquare | NYSE
Information Technology Services | NYSE, USA | Market Cap: 2.545m USD | 12M Return: -15.2% | US22946R1014 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 29.9M
Rev. Trend: 88.8%
Warnings
Tailwinds
Seasonality 0.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Csquare, Inc. (NYSE: CSQR) is a digital infrastructure platform that provides interconnection services through a carrier-neutral colocation platform. The companys facilities offer pre-built power and cooling infrastructure, with a focus on sub-5 MW deployments within multi-customer, interconnection-rich environments. It serves enterprise, network, cloud, and technology customers.
The colocation sector sits within the broader data center industry, where carrier-neutral facilities allow customers to interconnect with multiple network and cloud providers rather than being tied to a single carrier. Demand in this segment is driven by the growth of cloud computing, data-intensive applications, and the ongoing need for low-latency connections between enterprises and service providers.
Headquartered in Coppell, Texas, Csquare was incorporated in 2018 and operates as a subsidiary of Dawn Topco L.P. The company is listed on the NYSE and is classified in the Technology sector under Information Technology Services.
- AI-driven cloud demand accelerates colocation and interconnection bookings
- Adjusted EBITDA margins expand as utilization rates improve across data centers
- Power capacity build-out requires elevated capex and incremental debt issuance
| Net Income: -163.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA 12.49 > 1.0 |
| NWC/Revenue: 21.40% < 20% (prev -10.25%; Δ 31.65% < -1%) |
| CFO/TA 0.02 > 3% & CFO 99.2m > Net Income -163.6m |
| Net Debt (674.8m) to EBITDA (418.5m): 1.61 < 3 |
| Current Ratio: 1.67 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (NaN) vs prev NaN% < -2% |
| Gross Margin: 49.84% > 18% (prev 43.09%; Δ 6.75% > 0.5%) |
| Asset Turnover: 19.52% > 50% (prev 20.03%; Δ -0.51% > 0%) |
| Interest Coverage Ratio: 0.41 > 6 (EBIT TTM 116.5m / Interest Expense TTM 287.3m) |
| A: 0.04 (Total Current Assets 548.3m - Total Current Liabilities 328.3m) / Total Assets 6.00b |
| B: -0.24 (Retained Earnings -1.47b / Total Assets 6.00b) |
| C: 0.02 (EBIT TTM 116.5m / Avg Total Assets 5.27b) |
| D: -0.06 (Book Value of Equity -388.6m / Total Liabilities 6.39b) |
| Altman-Z'' = -0.47 = B |
| DSRI: 1.06 (Receivables 134.7m/112.5m, Revenue 1.03b/907.6m) |
| GMI: 0.86 (GM 43.09% / 49.84%) |
| AQI: 0.91 (AQ_t 0.18 / AQ_t-1 0.20) |
| SGI: 1.13 (Revenue 1.03b / 907.6m) |
| TATA: -0.04 (NI -163.6m - CFO 99.2m) / TA 6.00b) |
| Beneish M = -3.07 (Cap -4..+1) = AA |
As of November 11, 2026, the stock is trading at USD 17.52 with a total of 6,628,461 shares traded. Over the past week, the price has changed by +22.52%, over one month by +0.81%, over three months by -18.89% and over the past year by -15.24%.
Current recommended Stop Loss: 14.60 (which is 16.7% or 2.5 ATR below the current price).
Csquare has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy CSQR.
- StrongBuy: 6
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 28.2 | 61% |
P/S = 2.3998
Revenue TTM = 1.03b USD
EBIT TTM = 116.5m USD
EBITDA TTM = 418.5m USD
Long Term Debt = 4.97b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 795.7m USD (Leases only: 795.7m)
Net Debt = 674.8m USD (calculated: Debt 795.7m - CCE 120.8m)
Enterprise Value = 3.22b USD (2.54b + Debt 795.7m - CCE 120.8m)
Interest Coverage Ratio = 0.41 (Ebit TTM 116.5m / Interest Expense TTM 287.3m)
EV/FCF = -11.02x (Enterprise Value 3.22b / FCF TTM -292.0m)
FCF Yield = -9.07% (FCF TTM -292.0m / Enterprise Value 3.22b)
FCF Margin = -28.40% (FCF TTM -292.0m / Revenue TTM 1.03b)
Net Margin = -15.91% (Net Income TTM -163.6m / Revenue TTM 1.03b)
Gross Margin = 49.84% ((Revenue TTM 1.03b - Cost of Revenue TTM 515.8m) / Revenue TTM)
Gross Margin QoQ = 52.49% (prev 49.55%)
Tobins Q-Ratio = 0.54 (Enterprise Value 3.22b / Total Assets 6.00b)
Interest Expense / Debt = 36.11% (Interest Expense 287.3m / Debt 795.7m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 92.0m (EBIT 116.5m * (1 - 21.00%))
Current Ratio = 1.67 (Total Current Assets 548.3m / Total Current Liabilities 328.3m)
Debt / Equity = -2.05 (negative equity) (Debt 795.7m / totalStockholderEquity, last quarter -388.6m)
Debt / EBITDA = 1.61 (Net Debt 674.8m / EBITDA 418.5m)
Debt / FCF = -2.31 (negative FCF - burning cash) (Net Debt 674.8m / FCF TTM -292.0m)
Total Stockholder Equity = -126.7m (last fiscal year from totalStockholderEquity)
RoA = -3.11% (Net Income -163.6m / Total Assets 6.00b)
RoE = 129.1% (negative equity) (Net Income TTM -163.6m / Total Stockholder Equity -126.7m)
RoCE = 2.41% (EBIT 116.5m / Capital Employed (Equity -126.7m + L.T.Debt 4.97b))
RoIC = 1.64% (NOPAT 92.0m / Invested Capital 5.62b)
WACC = 11.82% (E(2.54b)/V(3.34b) * Re(6.60%) + D(795.7m)/V(3.34b) * Rd(36.11%) * (1-Tc(0.21)))
Discount Rate = 6.60% (= CAPM, Blume Beta Adj.)
[DCF] Fair Price = unknown (Cash Flow -292.0m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 88.83 | Revenue CAGR: 123.1% | SUE: N/A | # QB: 0
EPS current Quarter (2027-03-31): EPS=-0.31 | Chg30d=N/A | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=-1.80 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+0.0% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=-1.02 | Chg30d=+0.07% | Revisions=+0% | GrowthEPS=+43.5% | GrowthRev=+15.5%
[Analyst] Revisions Ratio: +0% (up=0, down=0)