# Csquare Q3 2026 Earnings Report Highlights Growth

> Csquare reports 25.6% revenue growth and 44.3% adjusted EBITDA increase in Q3 2026.
- Title: Csquare Q3 2026 Earnings Report Highlights Growth | Shortify
- Summary: Csquare reports 25.6% revenue growth and 44.3% adjusted EBITDA increase in Q3 2026.
- Keywords: csquare, q3 2026, revenue growth, adjusted ebitda, colocation, ai infrastructure, enterprise customers, recurring revenue, The Motley Fool
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/11/10/csquare-csqr-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-11-10T06:13:16+00:00
- Read time: 1 min
- Topics: csquare, q3 2026, revenue growth, adjusted ebitda, colocation, ai infrastructure, enterprise customers, recurring revenue, finance, money
## Q3 2026 Results
Csquare reported $302.3 million revenue, a 25.6% year-over-year increase.
## Adjusted EBITDA Growth
Adjusted EBITDA rose to $132.1 million, a 44.3% year-over-year increase.
## Net Loss Details
Net loss of $88.1 million compared to $29.8 million in prior year, driven by $58.6 million in IPO-related costs.
## Colocation Revenue
Colocation revenue grew 26.7% year-over-year to $227.0 million.
## Annualized Bookings
Annualized bookings reached $66.1 million, marking 14th consecutive quarter of sequential growth.
## Contracted Backlog
Contracted backlog increased to $114 million at quarter end, with $104 million expected to commence in next 12 months.
## Pricing Strength
Renewal spreads reached 17%, driven by significant renewal with largest customer and constructive pricing environment.
## Capital Deployment
Growth capital expenditures of $149 million at average build multiple of 4x for capacity expansion.
## Power Capacity
Contracted power capacity expanded to 428 MW, representing nearly 47% year-over-year growth.
## Net Leverage
Net leverage at 8.4x with target of 6 to 7x to be reached through adjusted EBITDA growth.
## Available Liquidity
Available liquidity of $1.1 billion, consisting of cash and revolving credit facility.
## Full-Year Guidance
Full-year revenue guidance of $1.14 billion to $1.16 billion with adjusted EBITDA of $490 million to $500 million.
## AI Infrastructure
CEO stated AI is an incremental demand driver on top of diversified enterprise colocation business.

> AI is an incremental demand driver on top of a diversified enterprise colocation business with long-standing customer relationships and highly recurring revenue
## Customer Quality
More than 60% of customer base has investment-grade credit characteristics.
## Infrastructure Reliability
99% of asset-backed securitization issuances are investment grade with 96% of nonrevolving debt maturing after 2028.
## Next Steps
Csquare expects to convert $114 million contracted backlog into recurring revenue through existing infrastructure.
## Key takeaway

Csquare achieved $302.3 million revenue with 25.6% year-over-year growth and $132.1 million adjusted EBITDA, driven by enterprise colocation demand and AI infrastructure expansion.