Boost Run (BRUN) investor relations material

Executive summary

• Achieved Q2 2026 revenue of $31.1 million, up 270% year-over-year, driven by GPU rental fleet expansion, new server deployments, and robust customer demand.

• Completed a business combination with a SPAC in May 2026, raising $114.1 million in net proceeds, issuing 44.15 million shares, and achieving all earnout share price targets.

• Annual recurring revenue (ARR) reached $145 million, up from $30 million at end of 2025, and is projected to exceed $400 million by year-end 2026.

• Signed approximately $1 billion in new contracts in Q2, bringing total contracted revenue (TCV) to $1.9 billion with an average duration of three years and 22% average prepayment.

• Strategic partnerships with NVIDIA, Dell, and Lenovo underpin growth and technology roadmap.

Financial highlights

• Q2 2026 revenue was $31.1 million, up from $8.4 million in the prior year; six-month revenue was $42.1 million, up 235% year-over-year.

• GAAP net loss for Q2 2026 was $75.05 million, impacted by one-time non-cash items including a $55.74 million tax expense and $7.3 million stock-based compensation.

• Gross profit margin improved to 94.5% in Q2 2026.

• Adjusted EBITDA for the first six months was $12.3 million; lease-adjusted EBITDA was $22.9 million.

• Unrestricted cash at June 30, 2026 was $120.2 million, with $134.7 million as of August 12.

Outlook and guidance

• Fiscal 2026 annualized recurring revenue (ARR) target reaffirmed at $400 million.

• Expect to deploy full $1.9 billion TCV into production by Q1 2027.

• Projected free cash flow margin of 15–20% for 2026.

• Capital expenditures for FY 2026E anticipated at $1.0–$1.4 billion.

• Pipeline for 2027 is robust, with continued focus on AI inference and training sectors.