Csquare, Inc. operates as a leading North American digital infrastructure platform, providing carrier-neutral colocation and interconnection services. The company's portfolio consists of 64 highly engineered data centers across 21 major metropolitan markets in the US, Canada, and the UK, delivering approximately 389 megawatts of sellable power capacity. Csquare's business model centers on offering secure space, resilient power, advanced cooling, and dense connectivity ecosystems that enable customers to deploy and operate critical IT infrastructure with high reliability. Revenue is primarily generated through recurring contracts for colocation and interconnection services, with interconnection accounting for roughly 10% to 13% of recurring revenue. The company serves a diversified base of over 1,700 customers, including cloud service providers, media and communications firms, financial institutions, healthcare organizations, and internet service providers. No single customer accounts for more than 7% of its revenue, though leading hyperscalers represent a meaningful portion of its monthly recurring revenue. Formed through Brookfield Infrastructure's strategic acquisitions of Evoque Data Center Solutions (carved out from AT&T) and Cyxtera Technologies, the combined platform was rebranded as Centersquare before going public as Csquare, Inc. in July 2026. The company utilizes its metro-proximate footprint—reaching over 92% of the US population within two milliseconds of latency—to capitalize on rising enterprise demand for hybrid cloud architectures, network-intensive applications, and edge AI inference workloads.
Gross margin measures the amount of revenue that remains after subtracting costs directly associated with production.
The EBITDA margin is a measure of a company's operating profit desconsidering D&A costs as a percentage of its revenue.
The EBIT margin is a measure of a company's operating profit considering D&A costs as a percentage of its revenue.
The net profit margin, or simply net margin, measures how much net income or profit is generated as a percentage of revenue. It is the ratio of net profits to revenues for a company or business segment.
Many companies have a high D&A in relation to the company's operating profit (EBITDA) and although this indicator does not have an effective cash effect, it ends up influencing the accounting net income, so analyzing this relationship can help to understand when D&A has a relevant impact to the company's results.
Shows the amount spent on investments in research and development in relation to the Net Revenue for the period. The company can use these investments to try to increase its revenue in the future.
Shows the amount spent on investments in Capex in relation to Net Revenue for the period. The company can use these investments to try to increase its revenue in the future.
Indicates a comparison between investments in fixed/intangible assets and the depreciation and amortization of some company assets. It serves to let managers know that the company's assets are devaluing periodically, and whether CAPEX has followed the same pace or not.
It shows the percentage of operating cash flow that the company uses in Capex (investments in fixed and intangible assets). When your result is greater than 100%, it demonstrates that there are expenses greater than what the company produces in its operations.
It demonstrates the percentage cost of Stock-Based Compensation compared to the company's operating cash flow. In some companies, the OCF is positive because of the SBC, which can lead to an incorrect cash flow analysis.
If the company has a lot of D&A, it helps to see if most of it tends to come from fixed assets. The account can include machinery, equipment, vehicles, buildings, land, office equipment, and furnishings, among other things.
If the company has a lot of D&A, it helps to see if most of it tends to come from Goodwill, that is an intangible asset that accounts for the excess purchase price of another company.
Return on equity (ROE) is the measure of a company's net income divided by its shareholders' equity and is a gauge of a corporation's profitability and how efficiently it generates those profits.
Return on invested capital (ROIC) is a calculation used to assess a company's efficiency in allocating capital to profitable investments. The formula for calculating ROIC involves dividing Net Income by the average of invested capital.
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