Csquare, Inc. (NYSE: CSQR) filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission on August 10, 2026, covering the three and six months ended June 30, 2026.

Key Highlights

  • Revenue growth: Revenues for the six months ended June 30, 2026 were $550,813 thousand, compared with $477,510 thousand for the same period in 2025, according to the filing.
  • Net loss widened: Net loss for the six months ended June 30, 2026 was $114,780 thousand, versus a net loss of $48,843 thousand for the same period in 2025.
  • Shares outstanding: As of August 3, 2026, there were 166,633,984 shares of common stock outstanding, $0.01 par value.
  • Stockholders' deficit: Total stockholders'/member's deficit stood at $(388,617) thousand as of June 30, 2026, compared with $(126,746) thousand as of December 31, 2025.
  • Corporate conversion: During the second quarter, the registrant converted 103,887 thousand member's interest units into 103,887 thousand shares of common stock.
  • Total assets: Total assets were $6,003,314 thousand as of June 30, 2026, down from $6,094,423 thousand as of December 31, 2025.

Csquare Reports Wider Net Loss and Structural Conversion in Second Quarter 2026

According to the filing, Csquare, Inc. reported revenues of $280,351 thousand for the three months ended June 30, 2026, compared with $244,751 thousand for the corresponding period in 2025. For the six-month period, revenues rose to $550,813 thousand from $477,510 thousand. The company reported income from operations of $72,442 thousand for the first half of 2026, versus $53,307 thousand in the prior-year period. Despite that operating gain, interest expense of $181,189 thousand for the six months ended June 30, 2026 contributed to a loss before income taxes of $114,298 thousand for the period, as disclosed in the condensed consolidated statements of operations.

The filing indicates that total costs and operating expenses for the six months ended June 30, 2026 were $478,371 thousand, including depreciation and amortization of $174,079 thousand and a gain on lease modification of $40,043 thousand. Cost of revenues, excluding depreciation and amortization, was $269,660 thousand. A notable structural event disclosed in the filing was the conversion of 103,887 thousand member's interest units into 103,887 thousand shares of common stock, with $1,039 thousand recorded as common stock par value and $1,092,791 thousand as additional paid-in capital. The filing also reports a distribution of assets to member totaling $130,528 thousand during the quarter.

On the balance sheet, long-term debt, net of deferred financing costs, was reported at $4,890,179 thousand as of June 30, 2026, compared with $4,755,553 thousand as of December 31, 2025. A long-term related party loan of $75,000 thousand appeared on the balance sheet as of June 30, 2026, with no corresponding balance at December 31, 2025. Accumulated deficit grew to $1,469,893 thousand from $1,225,641 thousand over the same interval. The registrant is incorporated in Delaware and is classified as a non-accelerated filer.

What Was Disclosed

Csquare, Inc. disclosed unaudited condensed consolidated financial statements for the three and six months ended June 30, 2026, reflecting increased revenues, a wider net loss, conversion of member's interest to common stock, and changes in the balance sheet including long-term debt and accumulated deficit positions.