NYSE : CSQR
Csquare, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 14.95 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.49B
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Financial statements
Csquare, Inc. (CSQR) reported revenue of 1.06B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 1.06B | 986.98M | 907.55M | 198.26M |
| Cost of Revenue | 526.25M | 509.25M | 516.50M | 140.06M |
| Gross Profit | 534.03M | 477.73M | 391.05M | 58.20M |
| Selling, General & Admin | 102.97M | 87.72M | 102.33M | 40.14M |
| Operating Expenses | 427.60M | 359.64M | 361.90M | 90.57M |
| Operating Income | 106.43M | 118.09M | 29.15M | -32.36M |
| Interest Expense | -316.24M | -241.16M | -185.61M | -46.17M |
| Currency Exchange Gain (Loss) | -3.18M | 4.00M | -1.10M | -600.00K |
| Other Non Operating Income (Expenses) | -14.88M | -5.68M | -9.45M | -29.67M |
| EBT Excluding Unusual Items | -227.86M | -124.76M | -167.01M | -108.81M |
| Merger & Restructuring Charges | -6.60M | -6.60M | -46.50M | |
| Other Unusual Items | -1.75M | -7.06M | 527.51M | 30.14M |
| Pretax Income | -196.22M | -138.42M | 314.00M | -78.66M |
| Income Tax Expense | -10.38M | -18.52M | -144.54M | 1.03M |
| Net Income | -185.84M | -119.90M | 458.54M | -79.70M |
| Net Income to Common | -185.84M | -119.90M | 458.54M | -79.70M |
| Shares Outstanding (Basic) | 103.89M | 103.89M | 103.89M | 103.89M |
| Shares Outstanding (Diluted) | 103.89M | 103.89M | 103.89M | 103.89M |
| EPS (Basic) | -1.79 | -1.15 | 4.41 | -0.77 |
| EPS (Diluted) | -1.79 | -1.15 | 4.41 | -0.77 |
| Free Cash Flow | -570.13M | -373.45M | -786.45M | -139.28M |
| Free Cash Flow Per Share | -5.49 | -3.60 | -7.57 | -1.34 |
| Gross Margin | 50.37% | 48.40% | 43.09% | 29.36% |
| Operating Margin | 10.04% | 11.96% | 3.21% | -16.32% |
| Profit Margin | -17.53% | -12.15% | 50.52% | -40.20% |
| Free Cash Flow Margin | -53.77% | -37.84% | -86.66% | -70.25% |
| EBITDA | 424.54M | 390.01M | 288.73M | 18.06M |
| EBITDA Margin | 40.04% | 39.52% | 31.81% | 9.11% |
| D&A For EBITDA | 318.11M | 271.92M | 259.57M | 50.42M |
| EBIT | 106.43M | 118.09M | 29.15M | -32.36M |
| EBIT Margin | 10.04% | 11.96% | 3.21% | -16.32% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 120.84M | 140.16M | 77.94M | |
| Short-Term Investments | 127.25M | |||
| Cash & Short-Term Investments | 120.84M | 267.41M | 77.94M | |
| Accounts Receivable | 170.08M | 117.30M | 128.22M | |
| Other Receivables | 1.37M | 2.50M | 5.53M | |
| Receivables | 177.84M | 134.50M | 133.75M | |
| Prepaid Expenses | 14.36M | 7.01M | 12.30M | |
| Restricted Cash | 209.52M | 263.26M | 42.65M | |
| Other Current Assets | 25.78M | 46.72M | 16.41M | |
| Total Current Assets | 548.34M | 718.89M | 283.04M | |
| Property, Plant & Equipment | 4.38B | 4.31B | 3.35B | |
| Long-Term Investments | 16.86M | |||
| Goodwill | 537.23M | 541.49M | 404.89M | |
| Other Intangible Assets | 404.82M | 436.30M | 425.33M | |
| Long-Term Accounts Receivable | 6.51M | 1.56M | 846.00K | |
| Long-Term Deferred Charges | 44.20M | 35.10M | ||
| Other Long-Term Assets | 123.94M | 45.65M | 10.36M | |
| Total Assets | 6.00B | 6.09B | 4.53B | |
| Accounts Payable | 47.93M | 34.48M | 29.93M | |
| Accrued Expenses | 113.04M | 116.66M | 141.15M | |
| Current Portion of Long-Term Debt | 25.14M | |||
| Current Portion of Leases | 52.77M | 56.77M | 61.36M | |
| Current Unearned Revenue | 100.65M | 96.36M | 104.42M | |
| Other Current Liabilities | 13.88M | 11.94M | 14.07M | |
| Total Current Liabilities | 328.27M | 316.22M | 376.07M | |
| Long-Term Debt | 4.97B | 4.76B | 2.19B | |
| Long-Term Leases | 742.90M | 819.94M | 995.32M | |
| Long-Term Unearned Revenue | 159.99M | 122.76M | 76.95M | |
| Long-Term Deferred Tax Liabilities | 154.67M | 165.60M | 86.65M | |
| Other Long-Term Liabilities | 40.91M | 41.10M | 31.55M | |
| Total Liabilities | 6.39B | 6.22B | 3.75B | |
| Common Stock | 1.04M | 1.09B | 1.09B | |
| Retained Earnings | -1.47B | -1.23B | -320.74M | |
| Comprehensive Income & Other | -12.55M | 4.28M | 6.86M | |
| Shareholders' Equity | -388.62M | -126.75M | 778.42M | |
| Total Liabilities & Equity | 6.00B | 6.09B | 4.53B | |
| Total Debt | 5.76B | 5.63B | 3.27B | |
| Net Cash (Debt) | -5.64B | -5.36B | -3.19B | |
| Net Cash Per Share | -54.29 | -51.64 | -30.70 | |
| Filing Date Shares Outstanding | 166.63M | 103.89M | 103.89M | 103.89M |
| Total Common Shares Outstanding | 103.89M | 103.89M | 103.89M | 103.89M |
| Working Capital | 220.07M | 402.68M | -93.03M | |
| Book Value Per Share | -3.74 | -1.22 | 7.49 | |
| Tangible Book Value | -1.33B | -1.10B | -51.80M | |
| Tangible Book Value Per Share | -12.81 | -10.63 | -0.50 | |
| Land | 556.33M | 552.91M | 336.13M | |
| Buildings | 1.71B | 1.73B | 831.51M | |
| Machinery | 940.63M | 877.76M | 664.16M | |
| Construction In Progress | 418.86M | 223.55M | 152.69M | |
| Leasehold Improvements | 504.81M | 507.77M | 470.66M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -185.84M | -119.90M | 458.54M | -79.70M |
| Depreciation & Amortization | 318.11M | 271.92M | 259.57M | 50.42M |
| Other Amortization | 41.29M | 29.01M | 23.94M | 3.04M |
| Other Operating Activities | -33.86M | -12.48M | -709.58M | -26.50M |
| Change in Accounts Receivable | 17.18M | 39.34M | -23.70M | 2.07M |
| Change in Accounts Payable | 8.75M | -46.07M | 43.87M | -2.72M |
| Change in Other Net Operating Assets | -25.55M | 10.17M | 28.31M | -2.88M |
| Operating Cash Flow | 140.07M | 171.98M | 80.97M | -56.26M |
| Capital Expenditures | -710.21M | -545.43M | -867.41M | -83.02M |
| Sale of Property, Plant & Equipment | 6.03M | |||
| Cash Acquisitions | -183.80M | -183.80M | -495.25M | -101.15M |
| Other Investing Activities | -14.70M | -142.29M | ||
| Investing Cash Flow | -908.71M | -871.52M | -1.36B | -184.16M |
| Long-Term Debt Issued | 3.80B | 2.99B | 262.59M | |
| Long-Term Debt Repaid | -1.96B | -1.45B | -32.86M | |
| Net Debt Issued (Repaid) | 1.91B | 1.84B | 1.55B | 229.73M |
| Issuance of Common Stock | 1.85M | 2.32M | 8.12M | 6.56M |
| Common Dividends Paid | -915.53M | -785.00M | -100.62M | |
| Other Financing Activities | -46.23M | -66.63M | -83.20M | |
| Financing Cash Flow | 953.12M | 988.37M | 1.37B | 236.29M |
| Foreign Exchange Rate Adjustments | -7.16M | -6.01M | -1.65M | -46.00K |
| Net Cash Flow | 177.34M | 282.83M | 93.71M | -4.18M |
| Free Cash Flow | -570.13M | -373.45M | -786.45M | -139.28M |
| Free Cash Flow Margin | -53.77% | -37.84% | -86.66% | -70.25% |
| Free Cash Flow Per Share | -5.49 | -3.60 | -7.57 | -1.34 |
| Levered Free Cash Flow | -597.94M | |||
| Unlevered Free Cash Flow | -476.22M | |||
| Cash Interest Paid | 236.58M | 178.56M | 153.75M | 39.69M |
| Cash Income Tax Paid | 7.27M | 2.04M | -99.00K | 360.00K |
| Change in Working Capital | 377.00K | 3.44M | 48.49M | -3.53M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 2.14B | |||
| Enterprise Value | 7.78B | |||
| Debt / Equity Ratio | -14.82 | -44.44 | 4.20 | |
| Debt / EBITDA Ratio | 11.41 | 11.72 | 8.28 | |
| Net Debt / Equity Ratio | -14.51 | -42.33 | 4.10 | |
| Net Debt / EBITDA Ratio | 13.29 | 13.76 | 11.05 | |
| Net Debt / FCF Ratio | -9.89 | -14.37 | -4.06 | |
| Asset Turnover | 0.19 | |||
| Quick Ratio | 0.89 | 1.22 | 0.56 | |
| Current Ratio | 1.67 | 2.27 | 0.75 | |
| Return on Equity (ROE) | -36.80% | |||
| Return on Assets (ROA) | 1.39% | |||
| Return on Capital Employed (ROCE) | 1.90% | 2.00% | 0.70% | |
| Payout Ratio | 21.94% |