Technology
Csquare Reports Record Second Quarter 2026 Results
Published
3 months agoon
By
Revenue Increased 14.5% Year-Over-Year, Record Bookings of $64.7 Million, Net Loss of $48.8 Million Reflects Pre-IPO Capital Structure, and Adjusted EBITDA Grew 21% to $120.3M
Second Quarter Highlights
Successfully completed the Company’s initial public offering on July 17 and commenced trading on the New York Stock Exchange under the ticker symbol CSQR.Total revenue increased 14.5% year-over-year to $280.4 million, driven by continued strength in the Company’s core colocation business and recurring infrastructure services.Colocation revenue increased 17.5% year-over-year to $210.6 million, reflecting sustained customer demand and deployment activity.Achieved bookings of $64.7 million, a 13th consecutive quarter of record bookings, reflecting strong commercial execution and broad-based demand across all customer profiles.Net loss of $48.8 million, primarily reflecting higher interest expense associated with debt issued prior to IPO reduction in debt levels.Adjusted EBITDA increased 21.0% year-over-year to $120.3 million demonstrating the operating leverage of the Company’s platform.
COPPELL, Texas, Aug. 6, 2026 /PRNewswire/ — Csquare, Inc. (NYSE: CSQR) (“Csquare” or the “Company”), a leading provider of carrier-neutral data center solutions, today reported financial results for the quarter ended June 30, 2026.
“Our second quarter results demonstrate the disciplined execution by our team and the continued strength of Csquare’s platform,” said Spencer Mullee, Chief Executive Officer of Csquare. “We delivered 14.5% revenue growth, achieved a record $64.7 million in bookings, increased Adjusted EBITDA by 21%, and continued to benefit from strong demand for our carrier-neutral digital infrastructure platform.”
“These results reflect the durability of our recurring revenue model, the strength of customer demand across our markets, and the operating leverage inherent in our business as Adjusted EBITDA margin increased 330 basis points to 46.2%. We also reached an important milestone with the successful completion of our initial public offering in July, positioning Csquare with enhanced financial flexibility to support our long-term growth strategy.”
“Demand for high-quality digital infrastructure continues to accelerate as customers expand cloud deployments, AI-enabled workloads, and mission-critical connectivity requirements. We believe our diversified portfolio, disciplined capital allocation strategy, and deep customer relationships position Csquare to capitalize on these long-term secular growth trends while creating sustainable value for shareholders.”
Second Quarter 2026 Results Summary
Revenues
Revenue excluding metered power increased 12.3% to $260.2 million, underscoring the continued strength of the Company’s recurring revenue base and customer expansion activity.
Second quarter total revenue increased 14.5% year-over-year to $280.4 million, compared to $244.8 million in the prior-year period. Growth was driven by continued demand for the Company’s colocation platform, customer deployments across existing and newly acquired facilities, and expansion of recurring infrastructure services.
Commercial Activity
Commercial momentum remained strong throughout the quarter as Csquare generated record bookings of $64.7 million, exceeding management’s expectations. Quarterly bookings represent the annualized value of new and expansion customer contracts executed during the quarter and serve as a leading indicator of future recurring revenue growth.
Demand was broad-based across enterprise customers, cloud and network providers, and large-scale infrastructure deployments. Management believes the diversity of bookings across customer segments, deployment sizes, workload types, and geographic markets demonstrates the resilience of demand and supports continued long-term growth across the platform.
Net Loss
Net loss for the second quarter of 2026 was $48.8 million, compared to a net loss of $13.9 million in the second quarter of 2025. The increase was primarily driven by higher interest expense and one-time expenses related to the Company’s initial public offering.
After quarter end, the Company completed its initial public offering and used a significant portion of the proceeds to repay debt, eliminating approximately $63 million of annualized interest expense. As a result, both the elevated interest expense and the one-time IPO-related costs reflected in the second quarter are not indicative of the Company’s expected go-forward earnings profile.
Adjusted EBITDA
Adjusted EBITDA increased 21.0% year-over-year to $120.3 million, compared to $99.4 million in the second quarter of 2025.Adjusted EBITDA margin expanded to 46.2%, compared to 42.9% in the prior-year period, reflecting continued revenue growth, disciplined operating execution, and the inherent operating leverage of the Company’s highly recurring business model.
A reconciliation of Adjusted EBITDA to Net Loss is included in the financial tables accompanying this release.
Funds From Operations
Funds from Operations for the second quarter of 2026 were $40.8 million, compared to funds from operations of $50.2 million during the second quarter of 2025, representing a 18.9% decline year-over-year. The decrease was primarily the result of an increase in net loss, which was primarily driven by higher interest expense.
A reconciliation of FFO to Net Loss, the most directly comparable GAAP measure, is included in the financial tables accompanying this release.
2026 Guidance Summary
Metric
2026 Outlook
Total Revenue
$1,130 – $1,170 million
Adjusted EBITDA
$460 – $480 million
Recurring Capital Expenditures
$55 – $65 million
Non-Recurring Growth Capital
Expenditures
$610 – $660 million*
* – Includes two new large deals signed at end of Q2
The Company does not provide a reconciliation of forward-looking Adjusted EBITDA because certain items that affect the comparable GAAP measure cannot be reasonably provided without unreasonable effort.
Business Highlights
Generated record bookings of $64.7 million, marking the Company’s 13th consecutive quarter of sequential bookings growth and reflecting sustained demand across enterprise, cloud, and network customers.Expanded contracted power capacity by 44% year-over-year to 410 MW, supported by strategic acquisitions and continued customer deployments. Contracted utilization reached 107%, demonstrating demand that exceeds current sellable capacity and is supported by the Company’s development pipeline and planned capacity expansions.Executed strategic portfolio optimization initiatives through the divestiture of two underperforming leased data centers. As a result, sellable capacity totaled 385 MW as of June 30, 2026, while improving the overall quality and efficiency of the Company’s operating portfolio.Improved customer retention, with quarterly net revenue churn declining to 2.4%, compared to 2.9% in the prior-year period, reflecting continued customer satisfaction and the resilience of the Company’s recurring revenue base.Continued investing in long-term growth, deploying $128 million of growth capital expenditures during the quarter while investing an additional $15 million in recurring capital expenditures to maintain and enhance the Company’s core infrastructure platform.
IPO Highlights
During July 2026, Csquare successfully completed its initial public offering of 50.0 million shares of common stock at a public offering price of $21.00 per share and commenced trading on the New York Stock Exchange under the ticker symbol NYSE: CSQR.
The IPO represents a significant milestone in the Company’s evolution and strengthens its ability to execute its long-term growth strategy. As a public company, Csquare believes it is well positioned to benefit from enhanced access to capital markets, increased visibility among customers and investors, and greater strategic and financial flexibility.
On July 27, 2026, the underwriters exercised their option to purchase an additional 7,499,000 shares at the initial public offering price. The offering generated approximately $1.16 billion in net proceeds, after underwriting discounts and commissions.
The Company used the net proceeds to repay outstanding indebtedness, significantly reducing leverage and strengthening its balance sheet to support future investment opportunities. The debt repayment is expected to reduce the Company’s annual interest expense by approximately $63 million, improving future earnings and cash flow.
Management believes its strengthened capital structure, diversified digital infrastructure platform, and continued investment in capacity expansion position Csquare to capitalize on favorable long-term industry trends and create sustainable value for shareholders.
Conference Call and Webcast Information
Csquare will host a conference call to discuss its second quarter 2026 results.
Date: August 6, 2026
Time: 5:00pm ET
Webcast: https://app.webinar.net/x07g2Pl2BMQ
A live webcast of the conference call will be available in the Investor Relations section of the Company’s website. A replay of the webcast will be available shortly following the conclusion of the event.
About Csquare
Csquare is a leading North American digital infrastructure platform providing carrier-neutral colocation and interconnection services that support the applications powering the modern economy. The company owns and operates a geographically diverse portfolio of highly engineered data centers across major metropolitan markets in the United States, Canada and the United Kingdom.
Csquare delivers mission-critical infrastructure solutions to a diversified base of enterprise, network, cloud and technology customers. Its facilities provide secure space, resilient power, advanced cooling and dense connectivity ecosystems that enable customers to deploy and operate critical IT infrastructure with confidence.
Through its enterprise-focused approach and interconnection-rich environments, Csquare helps organizations scale efficiently while supporting demanding workloads, including hybrid cloud architectures, latency-sensitive applications and emerging AI-enabled use cases.
Headquartered in Coppell, Texas, Csquare is committed to delivering exceptional reliability, operational excellence and long-term customer partnerships across its portfolio.
For additional information, visit www.Csquare.com.
Key Business Metrics
Q2 2026
Q2 2025
Contracted Power Capacity (MW)
410 MW
285 MW
Sellable Power Capacity (MW)
385 MW
328 MW
Contracted Power Sold (%)
107 %
87 %
Net Revenue Churn (%)
2.4 %
2.9 %
Bookings (Annualized)
$64.7 M
$49.4 M
Non-GAAP Financial Measures
This earnings release contains certain non-GAAP financial measures, including Adjusted EBITDA and FFO. Management believes these measures provide useful supplemental information regarding the Company’s operating performance, cash-generating ability, and underlying business trends. These measures should not be considered as alternatives to financial measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Reconciliations to the most directly comparable GAAP measures are included in the accompanying financial tables.
We prepare our financial statements in conformity with U.S. GAAP, though we believe evaluating our ongoing results of operations may be difficult if limited to reviewing only GAAP financial measures. Accordingly, we use non-GAAP financial measures to supplement our evaluation of our operations.
We believe that these non-GAAP financial measures, when taken collectively with our U.S. GAAP financial statements, may be helpful to investors because they allow for greater transparency into what measures we use in operating our business and measuring our performance and enable comparison of financial trends and results between periods where items may vary independent of business performance. These non-GAAP financial measures are presented for supplemental informational purposes only, should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP financial measures used by other companies. Because of these limitations, our non-GAAP financial measures should not be considered in isolation or as substitutes for net (loss) income, or any other measure calculated in accordance with U.S. GAAP, as applicable, and should be considered together with our GAAP financial measures and the reconciliations to the corresponding GAAP financial measures set forth in this press release.
Adjusted EBITDA
We define Adjusted EBITDA as net (loss) income, excluding (i) income taxes, (ii) interest expense, (iii) depreciation and amortization, (iv) gain on lease modification, (v) loss on extinguishment of debt, (vi) bargain purchase gain, (vii) other income (loss), net, and (viii) transaction and other costs. Transaction and other costs consist primarily of acquisition and integration costs, restructuring costs, costs associated with our initial public offering, and employee loan extinguishment expenses directly attributable to specific transactions. The employee loan extinguishment costs are recorded within Selling, marketing, general and administrative expenses in our Condensed Consolidated Statements of Operations. Management uses Adjusted EBITDA as a key measure of our operating performance and to assess the results of our business excluding certain items that we believe are not indicative of our core operating results. In addition, we believe Adjusted EBITDA is frequently used by securities analysts, investors, and other interested parties in the evaluation of data centers and other real estate companies. However, because Adjusted EBITDA is calculated before recurring cash charges, including interest expense and income taxes, which represent significant recurring cash charges necessary to operate our business, and is not adjusted for capital expenditures or other recurring cash requirements of our business, it should not be considered a measure of liquidity or an indicator of our cash flows and its utility as a measure of our performance is limited. Further, Adjusted EBITDA does not reflect our cash requirements or our ability to generate cash to meet those obligations. Other companies may calculate Adjusted EBITDA differently than we do and, as a result, Adjusted EBITDA may not be comparable to other companies’ Adjusted EBITDA. Accordingly, Adjusted EBITDA should not be viewed in isolation or as a substitute for net (loss) income or any other performance measure calculated in accordance with U.S. GAAP. Note: Adjusted EBITDA margin excludes metered power revenue.
Funds from Operations
Management uses FFO, which is a non-GAAP financial measure commonly used in the real estate industry. This measure is used by management to evaluate performance corresponding to the retail colocation data center industry which has similarities to other real estate type companies. FFO is calculated in accordance with the standards approved by the Board of Governors of the National Association of Real Estate Investment Trusts. FFO represents net (loss) income (calculated in accordance with GAAP), excluding, when applicable (i) loss or gain from the disposition of real estate assets, (ii) depreciation and amortization and (iii) impairment write-downs of real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity.
Management uses FFO as a supplemental performance measure because, in excluding the items identified in the calculation, it provides a performance measure that, when compared year over year, captures trends in utilization rates, pricing and operating costs. In addition, we believe FFO is frequently used by securities analysts, investors, and other interested parties in the evaluation of data centers and other real estate companies. However, because FFO excludes depreciation and amortization and does not capture the changes in the value of our data centers that result from use or market conditions, or the level of capital expenditures necessary to maintain the operating performance of our data centers, all of which have real economic effect and could materially impact our financial condition and results from operations, the utility of FFO as a measure of our performance is limited. Other companies may calculate FFO differently than we do and, as a result, FFO may not be comparable to other companies’ FFO. Accordingly, FFO should not be considered in isolation or as a substitute for net (loss) income or any other performance measure calculated in accordance with U.S. GAAP.
Discussion of Non-GAAP Financial Measures
Three months ended June 30,
(dollars in thousands)
2026
2025
Adjusted EBITDA
$ 120,315
$ 99,418
FFO
$ 40,754
$ 50,223
Six months ended June 30,
(dollars in thousands)
2026
2025
Adjusted EBITDA
$ 228,601
$ 185,724
FFO
$ 59,299
$ 79,041
Adjusted EBITDA increased by $20.9 million, or 21%, to $120.3 million for the three months ended June 30, 2026, compared to $99.4 million for the three months ended June 30, 2025, and increased by $42.9 million, or 23%, to $228.6 million for the six months ended June 30, 2026, compared to $185.7 million for the six months ended June 30, 2025. This increase reflected continued improvement in operating performance across our platform, driven by growth in recurring colocation and interconnection revenues and operating leverage from our cost structure.
Three months ended June 30,
(dollars in thousands)
2026
2025
Net loss
$ (48,827)
$ (13,928)
Adjustments:
Interest expense
92,826
51,566
Income tax expense (benefit)
12,231
(2,199)
Depreciation and amortization
89,581
64,151
Other loss (income), net
2,933
(1,929)
Gain on lease modification
(40,043)
—
Transaction and other costs
11,614
1,757
Adjusted EBITDA
$ 120,315
$ 99,418
Six months ended June 30,
(dollars in thousands)
2026
2025
Net loss
$ (114,780)
$ (48,843)
Adjustments:
Interest expense
181,189
106,119
Income tax expense (benefit)
482
(7,657)
Depreciation and amortization
174,079
127,884
Loss on extinguishment of debt
—
5,313
Other loss (income), net
5,551
(1,625)
Gain on lease modification
(40,043)
(51)
Transaction and other costs
22,123
4,584
Adjusted EBITDA
$ 228,601
$ 185,724
FFO decreased by $9.5 million, or 18.9%, to $40.8 million for the three months ended June 30, 2026, compared to $50.2 million for the three months ended June 30, 2025 and decreased by $19.7 million, or 25%, to $59.3 million for the six months ended June 30, 2026, compared to $79.0 million for the six months ended June 30, 2025. This decrease was primarily attributable to an increase in net loss, primarily driven by higher interest expense resulting from the assumption of the 2021 ABS Notes in connection with the 2025 Portfolio Acquisition and interest incurred on additional ABS notes issued during the latter part of 2025. These impacts were partially offset by improved operating performance driven by growth in recurring revenue and a gain on lease modification incurred during the second quarter.
The following table presents the calculation of FFO for the periods presented, with a reconciliation to the most comparable GAAP metric:
For the three months ended June 30,
(dollars in thousands)
2026
2025
Net loss
$ (48,827)
$ (13,928)
Adjustments:
Depreciation and amortization
89,581
64,151
FFO
$ 40,754
$ 50,223
For the six months ended June 30,
(dollars in thousands)
2026
2025
Net loss
$ (114,780)
$ (48,843)
Adjustments:
Depreciation and amortization
174,079
127,884
FFO
$ 59,299
$ 79,041
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. These forward-looking statements include, but are not limited to, statements regarding the Company’s expectations, beliefs, objectives, plans, strategies, future performance, growth opportunities, market demand, trends in bookings, portfolio optimization, AI inference adoption, embedded expansion opportunities, capital allocation strategy, financial position and other statements that are not historical facts. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “seek,” “should,” “target,” “will,” “would,” and similar expressions.
Forward-looking statements are based on management’s current expectations and assumptions and are subject to risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks and uncertainties include, among others, changes in general economic conditions; our concentration in certain geographic areas; demand for colocation and connectivity services; competition; the availability of utility power, fiber connectivity and other critical infrastructure; customer demand and retention; our customer concentration; the pace and extent of AI adoption; a long sales cycle for our products and services; the Company’s ability to execute its growth strategy and expansion projects; capital market conditions; regulatory developments; cybersecurity incidents; and the other risks described in the Company’s filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” section of the Company’s Registration Statement on Form S-1.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except as required by applicable law, Csquare undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise.
Csquare, Inc.
Unaudited Condensed Consolidated Statements of Operations
(in thousands, except per share data)
Three Months
Ended June 30,
Six Months
Ended June 30,
2026
2025
2026
2025
Revenues
$ 280,351
$ 244,751
$ 550,813
$ 477,510
Costs and operating expenses:
Cost of revenues, excluding depreciation and
amortization
133,206
122,613
269,660
246,138
Selling, marketing, general and administrative
35,170
22,720
60,892
45,648
Depreciation and amortization
89,581
64,151
174,079
127,884
Gain on lease modification
(40,043)
—
(40,043)
(51)
Transaction and other costs
3,274
1,757
13,783
4,584
Total costs and operating expenses
221,188
211,241
478,371
424,203
Income from operations
59,163
33,510
72,442
53,307
Interest expense
(92,826)
(51,566)
(181,189)
(106,119)
Loss on extinguishment of debt
—
—
—
(5,313)
Other (loss) income, net
(2,933)
1,929
(5,551)
1,625
Loss before income taxes
(36,596)
(16,127)
(114,298)
(56,500)
Income tax (expense) benefit
(12,231)
2,199
(482)
7,657
Net loss
$ (48,827)
$ (13,928)
$ (114,780)
$ (48,843)
Net loss per share:
Basic and diluted
$ (0.47)
$ (0.13)
$ (1.10)
$ (0.47)
Weighted average common shares outstanding:
Basic and diluted
103,887
103,887
103,887
103,887
Csquare, Inc.
Unaudited Condensed Consolidated Balance Sheets
(in thousands)
As of June 30,
As of December 31,
2026
2025
Assets
Current assets:
Cash and cash equivalents
$ 120,843
$ 140,159
Restricted cash
209,517
263,257
Due from related parties
7,768
144,451
Accounts receivable, net
134,711
90,708
Prepaid assets
14,359
7,013
Other current assets
61,143
73,307
Total current assets
548,341
718,895
Property and equipment, net
4,062,607
3,951,089
Right-of-use assets
319,863
355,237
Goodwill
537,233
541,493
Intangible assets, net
404,825
436,299
Other assets
130,445
91,410
Total assets
$ 6,003,314
$ 6,094,423
Liabilities and stockholders’/member’s deficit
Current liabilities:
Accounts payable
$ 47,933
$ 34,477
Accrued expenses
123,578
128,606
Due to related parties
3,335
—
Contract liabilities, current
100,653
96,358
Operating lease liabilities, current
39,566
41,755
Finance lease liabilities, current
13,209
15,020
Total current liabilities
328,274
316,216
Contract liabilities, net of current portion
159,990
122,762
Long-term related party loan
75,000
—
Long-term debt, net of deferred financing costs
4,890,179
4,755,553
Operating lease liabilities, net of current portion
320,117
391,577
Finance lease liabilities, net of current portion
422,787
428,364
Deferred tax liabilities
154,669
165,600
Other liabilities, non-current
40,915
41,097
Total liabilities
6,391,931
6,221,169
Stockholders’/member’s deficit:
Member’s interest
—
1,094,620
Common stock
1,039
—
Additional paid-in capital
1,092,791
—
Accumulated deficit
(1,469,893)
(1,225,641)
Accumulated other comprehensive (loss) income
(12,554)
4,275
Total stockholders’/member’s deficit
(388,617)
(126,746)
Total liabilities and stockholders’/member’s deficit
$ 6,003,314
$ 6,094,423
Csquare, Inc.
Unaudited Condensed Consolidated Statements of Cash Flows
(in thousands)
Six Months Ended June 30,
2026
2025
Operating activities
Net loss
$ (114,780)
$ (48,843)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
174,079
127,884
Amortization of deferred financing costs
24,116
11,837
Employee loan extinguishment
8,340
—
Loss on extinguishment of debt
—
5,313
Deferred income tax benefit
(6,562)
(8,167)
Gain on modification of leases
(40,043)
(51)
Unrealized loss on foreign exchange transactions
10,247
—
Other operating activities
4,103
370
Changes in operating assets and liabilities:
Accounts receivable
(47,309)
(25,144)
Prepaid and other current assets
3,682
(1,736)
Operating lease right-of-use assets
20,708
26,552
Due to (from) related parties
4,161
260
Other assets
(36,669)
(21,771)
Accounts payable and accrued expenses
8,474
(46,343)
Other long-term liabilities
40,012
63,499
Operating lease liabilities
(18,938)
(18,130)
Net cash provided by operating activities
33,621
65,530
Investing activities
Purchase of property and equipment
(277,976)
(113,200)
Related party loans and deposits
127,590
—
Net cash used in investing activities
(150,386)
(113,200)
Financing activities
Borrowings on long term debt, net of discount
—
908,204
Repayments on long-term debt
—
(646,695)
Borrowings on revolving credit facility
112,000
60,000
Repayments on revolving credit facility
—
(207,900)
Repayment of finance lease liabilities
(6,116)
(8,066))
Distributions to members
(130,528)
—
Contributions from members
266
732
Borrowings – related party
75,000
—
Payment of debt financing cost
(443)
(20,847)
Net cash provided by financing activities
50,179
85,428
Effect of foreign currency exchange rates on cash, cash equivalents and
restricted cash
(1,216)
(66)
Cash, cash equivalents and restricted cash
Net change in cash, cash equivalents and restricted cash
$ (67,802)
$ 37,692
Balance, beginning of period
403,416
120,587
Balance, end of period
$ 335,614
$ 158,279
Reconciliation of cash and cash equivalents and restricted cash to the
consolidated balance sheets
Cash and cash equivalents
$ 120,843
$ 32,296
Restricted cash
209,517
125,983
Long-term restricted cash held within Other Assets
5,254
—
Total cash and cash equivalents and restricted cash
$ 335,614
$ 158,279
Supplemental disclosure of cash flow information:
Taxes paid (received)
$ 5,016
$ (217)
Interest paid
$ 156,597
$ 98,576
Csquare, Inc.
Disaggregation of Revenues
(in thousands)
Revenues
Three months ended June 30,
(dollars in thousands)
2026
2025
$ Change
% Change
Colocation
$ 210,616
$ 179,313
$ 31,303
17.5 %
Interconnection
24,661
27,493
(2,832)
(10.3 %)
Other
12,580
12,885
(305)
(2.4 %)
Recurring revenues
247,857
219,691
28,166
12.8 %
Non-recurring revenues
12,345
12,028
317
2.6 %
Metered power revenues
20,149
13,032
7,117
54.6 %
Total revenues
$ 280,351
244,751
$ 35,600
14.5 %
Six months ended June 30,
(dollars in thousands)
2026
2025
$ Change
% Change
Colocation
$ 413,957
$ 354,558
$ 59,399
16.8 %
Interconnection
49,614
54,034
(4,420)
(8.2 %)
Other
25,603
22,498
3,105
13.8 %
Recurring revenues
489,174
431,090
58,084
13.5 %
Non-recurring revenues
19,701
21,005
(1,304)
(6.2 %)
Metered power revenues
41,938
25,415
16,523
65.0 %
Total revenues
$ 550,813
$ 477,510
$ 73,303
15.4 %
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SOURCE Csquare, Inc.
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OKLAHOMA CITY, Nov. 10, 2026 /PRNewswire/ — This holiday season, Feed the Children is inviting communities around the world to act on a shared truth: every child deserves reliable access to nutritious, culturally relevant food and essentials, no matter the season. For millions of children, the holidays only intensify the hunger and hardship families already face. When schools close for winter break, many children also lose access to meals that are central to their daily nutrition, widening a gap that communities, donors and partners have the power to help close.
Feed the Children, a global movement working to end child hunger, is launching its End Holiday Hunger campaign this week, running through Dec. 31, 2026. The organization is asking donors, corporate partners, volunteers and communities to join a collective effort, so Feed the Children can provide the food and essentials they need most — because hunger doesn’t take a holiday.
“Every child deserves the chance not just to survive, but to thrive,” said Emily Callahan, president and CEO of Feed the Children. “Hunger doesn’t pause for the holidays — it intensifies. The season is a powerful reminder of what’s at stake and a meaningful opportunity for all of us to come together and change that. When we give now and give monthly, we can help children have consistent access to nutritious, culturally relevant food and essentials they urgently need.”
From Urgent Support to Lasting Stability
Feed the Children has focused on providing the support families need most urgently, and that commitment remains. Now, the organization is also working to make that support more consistent, so families can build stability.
Rising food, housing, fuel, insurance and other household costs are stretching family budgets and leaving children’s basic needs uncertain, especially during the holidays. That is why Feed the Children is asking people to give now, when holiday need is greatest, and to go a step further by signing up as a sustaining donor at $19/month. Monthly giving allows the organization to plan ahead and provide families with more consistent support, so children’s needs are met now and in the winter months to come.
A Global Crisis That Knows No Borders
The scale of child hunger is both vast and urgent. According to UNICEF, one in four children under age 5 worldwide is living in severe child food poverty — 181 million children who don’t have reliable access to the nutritious food they need to grow, learn and thrive.
In the U.S. alone, more than 14.1 million children lived in households that experienced food insecurity in 2024, according to the USDA. This challenge extends well beyond the United States. From Malawi to Honduras, from the Philippines to Uganda, children and families are facing hunger and hardship, and seasonal pressures can intensify the strain.
The challenge is compounded by economic pressure. Across the world, rising food costs and household expenses stretch community resources in ways that fall hardest on children. Whether in a farming community in Malawi, a neighborhood in Honduras or a city in the United States, children and families are experiencing hunger — and sustained economic strain can affect children’s health, development and ability to learn.
For many families, the holidays bring added financial strain, and parents like Lyn feel it most. “During the holidays, money is a challenge,” Lyn said. “I don’t want my kids to be hungry. I don’t want any child or anyone to be hungry. There’s no words to explain the feeling that you get when you know your children are going to have dinner on the table for Christmas or Thanksgiving.”
A Growing Need, A Global Response
Across the regions Feed the Children serves, that pressure is real and immediate. In Tanzania, 12-year-old Catherine knows firsthand how hunger can stand in the way of learning. “It was hard to study when I was hungry,” she said. “Sometimes I couldn’t even finish my assignments because I was tired and hungry. Now I can learn with energy.”
Feed the Children works across nine countries – the United States, El Salvador, Guatemala, Honduras, Kenya, Malawi, Tanzania, Uganda and the Philippines — to deliver food, essentials and educational resources through strategic community partnerships. In fiscal year 2025, the organization distributed nearly 78 million meals to nearly 15 million people spanning almost every U.S. state and those eight countries. That impact is made possible by supporters: every $1 given provides $8 in food and essentials for children and families around the world.
“Hunger is not always visible, but it is everywhere,” Callahan said. “From rural communities to urban neighborhoods, children go without the food and essentials they need to grow. When we come together — donors, partners, communities — we can help rewrite that story.”
A Season for Global Action
The End Holiday Hunger campaign, kicking off this week, reflects a broader truth about food insecurity: the holiday season is one of the most critical times for collective action. As communities across East Africa, Central America, Asia and the United States enter a season often marked by celebration, families experiencing food insecurity see demand for food and essential resources rise — and the opportunity for partners, donors and communities to make a meaningful difference grows with it.
Feed the Children is uniting communities, corporate partners and individual supporters around a shared conviction: every child should start the new year with enough to eat. The most powerful way to help is to become a monthly donor at $19/month. Monthly gifts allow Feed the Children to plan ahead and provide food and essentials more consistently.
Every gift helps, and donations made through Dec. 31, 2026 will bring food and essentials to children and families across the U.S. and around the world.
Watch the End Holiday Hunger PSA
See how communities are coming together to help children survive and thrive this season: Watch the PSA
Campaign Partners
Feed the Children is proud to work alongside a coalition of mission-aligned organizations committed to helping end holiday hunger for children and families everywhere. Feed the Children is grateful for the support of Magic Johnson Foundation, Mattel, StarKist, Operation Warm, Los Angeles Football Club, Detroit Pistons and Premier Nutrition, whose generous contributions are helping to put food and essentials into the hands of children and families in the U.S. and around the world this holiday season.
Each week through December, Feed the Children will share the story of a child from one of the four regions where it works—the United States, Africa, Central America and Asia. These firsthand accounts reflect what’s possible when communities unite around a common cause: ensuring every child can survive and thrive. Sharing these stories helps more people understand that hunger exists everywhere right now. Follow their stories, and become a monthly donor at $19/month and join the global movement to end holiday hunger at EndHolidayHunger.org.
About Feed the Children
Feed the Children is a global movement focused on ending childhood hunger in the U.S. and around the world. Working alongside communities, we provide food, essentials, and opportunities to children and families who need them most so every child can survive and thrive. We are committed to helping families experiencing hunger and hardship so children have what they need to stay healthy, learn, and grow. By uniting people and inspiring action, we work to create a world where no child goes to bed hungry. Compassion has no borders. We believe that every child deserves a chance to thrive. Learn how you can help create a world without childhood hunger at feedthechildren.org.
Feed the Children | Create a world where no child goes to bed hungry.
Media Contact: Richard Presser | 405-247-0345 | richard.presser@feedthechildren.org
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SOURCE Feed the Children
Technology
Bryten in the Bilt Neighborhood: Unifying the Resident Experience In and Around the Home Through Bilt Neighborhood OS
Published
49 minutes agoon
November 10, 2026By
Bilt Neighborhood OS connects every step of Bryten’s resident experience from discovery through renewal, at home and across the neighborhood, with AI agents simplifying operations, driving retention and unlocking new revenue
PHOENIX, Nov. 10, 2026 /PRNewswire/ — Bryten®, a multifamily property management company, today announced an expanded partnership with Bilt, the neighborhood commerce and rewards platform, to unify the resident experience from discovery to renewal, in and around the home.
Bryten will power its operations with Bilt Neighborhood OS™, an AI platform that helps businesses grow by reaching new customers and building loyalty through personalized experiences in their neighborhood. It integrates with Bryten’s existing systems to bring together property services, payments, rewards and Neighborhood Benefits™ in one connected resident experience that extends across Bilt’s network of 50,000+ merchant partners, including sports venues, restaurants, fitness studios, pharmacies, parking lots, retail shops and more.
With Neighborhood OS, Bryten residents will gain access to leasing, move-in checklists, package management, service requests, amenity bookings, building access and smart-home integrations through the same Bilt experience they already use to pay rent, earn and redeem rewards and engage with the neighborhood. They can AI Concierge to handle tasks for them, from submitting a service request to reserving a table at a restaurant nearby.
More value at home and around the neighborhood
Neighborhood OS puts AI agents to work across Bryten’s existing property systems and Bilt’s network of merchant partners. Teams can simply text their agents to generate a lease, approve a maintenance request or reserve a building amenity, or arrange personalized neighborhood benefits, like a home essentials kit on move-in day, two tickets to a sports game ahead of renewal, or a dining credit while a resident’s stove is being repaired. By connecting property operations with neighborhood hospitality, teams can reduce manual work and deliver thoughtful service that strengthens resident loyalty and retention.
“Home is our specialty, and that means making residents feel cared for in the moments that matter,” said John Vranich, Partner, Bryten. “With Bilt Neighborhood OS, we can give our teams more time to focus on residents while connecting everyday service with personalized benefits beyond the community. From a smoother move-in to a thoughtful offer from a nearby restaurant, those experiences help us build lasting relationships and give residents more reasons to stay.”
Through Bilt’s new Rent a Home product, Bryten can also surface available apartments to prospective residents within Bilt’s network of 8 million members and help current residents discover another home within its managed portfolio when they need to move. Listings can include personalized leasing incentives and Neighborhood Benefits™ tailored to the applicant, introducing the value of living in a Bryten-managed community before a prospective resident signs a lease.
One in four U.S. apartment buildings run on Bilt, and Bilt has delivered more than $1 billion in value back to members, helping them pay student loans, cover housing payments, book travel and more.
Built around how residents live
Bilt’s inaugural State of the Neighborhood Study, conducted with 451 Research by S&P Global, found that two-thirds of U.S. consumers do at least 80% of their everyday spending within 15 miles of home. The study also found:
77% of renters say rewards on housing payment alone would make them more likely to stay in their home long term;83% of renters say one platform for everything, from rent payments to dinner reservations, would meaningfully improve their experience; and95% of consumers say they would try a local business if they could earn rewards there.
“Your relationship with a resident starts before they sign a lease and grows through the experiences they have every day,” said Ankur Jain, Founder and CEO of Bilt. “Neighborhood OS helps Bryten connect each of those moments, from finding the apartment to getting a repair handled to going out for dinner around the corner or attending a home game for their favorite sports team. Our AI agents help property managers get tasks done and deliver neighborhood benefits that give residents more value from where they live, building loyalty long before renewal.”
About Bryten
Bryten® is nationally recognized as a leader in multifamily property management, collectively managing more than 60,000 homes across the United States. With decades of experience in conventional multifamily, build-to-rent, affordable housing, new development, lease-ups, and value-add communities, Bryten helps owners and investors improve property performance, strengthen occupancy & resident retention, manage expenses, and protect long-term asset value. Using a people-first approach, Bryten helps create communities where residents can thrive. For more information, visit www.livebryten.com.
About Bilt
Launched in 2021, Bilt is the membership for where you live and the Neighborhood Operating System (OS) powering everything around it. More than 8.2 million members use Bilt to earn rewards on housing payments, build a path to homeownership, and redeem the highest value rewards currency on the market across travel, dining, fitness, sports, and more. With Neighborhood OS™, the AI platform to help businesses grow through the neighborhood, Bilt connects multifamily property managers, travel advisors, sports organizations, and more than 50,000 merchants nationwide with nearby customers. Bilt powers 1 in 4 U.S. apartment buildings, including those in the Bilt Alliance, built with some of the nation’s largest owners and operators. For more information, visit www.bilt.com and download the Bilt app.
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SOURCE Bryten
Technology
Index Industries Raises $50 Million in Funding to Reinvent How the World Invests in Real Estate
Published
49 minutes agoon
November 10, 2026By
Index Industries is co-founded by Josh Rosenthal, formerly the President of Polychain Capital, joining as CEO, and Brian Hardecker, CEO of Longmark and formerly of Blackstone, joining as Chairman.
The round is backed by Lightspeed Venture Partners, Galaxy Ventures, Polychain Capital, Wintermute Ventures and more.
Index Industries will launch the USHP Index, a proprietary benchmark for U.S. home prices, made investable through USHP, a liquid index product, issued by USHP Limited.
NEW YORK, Nov. 10, 2026 /PRNewswire/ — Index Industries emerges from stealth with a $50 million seed round led by Lightspeed Venture Partners, with participation from Polychain Capital, Galaxy Ventures, Wintermute Ventures, and other institutional investors. The company is building the technology and infrastructure to transform U.S. housing into a broadly investable asset class. Its platform combines a daily-reporting index with tokenization technology and real estate and capital markets services to power third-party housing-linked investment products. USHP, based on Index Industries’ U.S. Home Price Index and issued by USHP Limited (BVI), will be the first investment product built on the platform.
U.S. housing is a $55 trillion market, making it one of the largest asset classes in the U.S. Yet despite its scale, broad-based investment exposure to U.S. home prices has remained difficult to access through traditional financial products. Index Industries was founded to close that gap.
Index Industries’ first offering will be the U.S. Home Price Index (USHP Index), a proprietary benchmark for U.S. home prices. Calculated daily, it integrates data from the major housing indices into a single national measure, providing a continuous and comprehensive read on home prices. The index is intended to support housing-market research, reporting, and portfolio monitoring and housing-related financial products.
Index Industries is co-founded by Josh Rosenthal, who joins as CEO following his role as President and General Partner of Polychain Capital, and Brian Hardecker, a former Principal at Blackstone and the Founder and CEO of Longmark, a leading residential real estate platform formed in 2021 that has $2 billion in assets under management. Index Industries combines two worlds of expertise to bring breakthrough tokenization technology to new real estate assets.
“Indexing is one of the most important and least celebrated innovations in modern finance. It reduces the expertise and cost barriers to investing in an entire market, which is what U.S. housing needs,” said Josh Rosenthal, co-founder & CEO of Index Industries. “I’ve spent my career looking for industry-shaping financial technology, and Index Industries is exactly that. It has the potential to change how the world sees housing: not just as a roof over your head or something that is out of reach, but as an investable asset class.”
“U.S. housing is a massive market. It accounts for roughly a quarter of the aggregate value of the U.S. economy, yet it draws far less attention because there haven’t been accessible ways to take a position in it,” said Brian Hardecker, co-founder and chairman of Index Industries and CEO of Longmark Group. “Housing is uniquely inflation-protected, uncorrelated to other asset classes, and has arguably been one of the most stable paths to wealth accumulation. It hasn’t seen the benefits of financial innovation that other sectors have. That’s beginning to change with USHP, and we’re proud to play a role.”
“Real estate is one of tokenization‘s biggest opportunities, but bringing a $55 trillion asset class onchain requires traditional institutional infrastructure no crypto-native team has ever had. That’s the gap Index Industries closes. It’s rare to see two worlds of expertise converge at this caliber: traditional institutional rigor paired with scalable, secure, compliant technology that will unlock access and liquidity for the world’s largest asset class. Index Industries’ partnership with Longmark made leading this investment an easy decision for Lightspeed,” said Justin Overdorff, Partner at Lightspeed Venture Partners.
Tokenization is a defining innovation in financial markets today, and the world’s largest institutions are racing to adopt it. Index Industries applies tokenization to one of the most sought-after asset classes and is designed to create entirely new financial products that unlock access, income, and liquidity at institutional scale.
The USHP Index is expected to launch imminently. USHP Limited plans to release USHP in 2026 on Ethereum and expand to Solana in 2027. For more information, visit indexindustries.com.
About Index Industries
Index Industries is building the technology and infrastructure to transform U.S. housing into a broadly investable asset class. Founded in 2026 by Josh Rosenthal, CEO of Index Industries and former President of Polychain, and Brian Hardecker, Chairman of Index Industries and CEO of Longmark Group, formerly of Blackstone Real Estate, Index Industries manages the U.S. Home Price Index and provides technology for USHP. To learn more, visit indexindustries.com and follow us on X at @index_inds.
Media Contact: indexindustries@serotonin.co
Important Notice
This press release is for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any securities or other financial instrument in any jurisdiction, including the United States, or to or for the account or benefit of any U.S. person. No securities described or referenced herein have been or will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state of the United States, and no such securities may be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration. Index Industries is not the issuer of USHP and will not offer, sell, distribute, market, redeem, or accept subscriptions for USHP. USHP is expected to be issued by USHP Limited, a British Virgin Islands company and a subsidiary of the USHP Foundation, a Cayman Islands foundation company. Any offering of USHP, if made, will be made solely by the issuer pursuant to separate offering materials and only to eligible non-U.S. persons outside the United States in accordance with applicable law.
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SOURCE Index Industries
Feed the Children Launches End Holiday Hunger Campaign, Uniting a Global Movement to Help Children Thrive This Season
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Index Industries Raises $50 Million in Funding to Reinvent How the World Invests in Real Estate
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