Boost Run (BRUN) Q1 2026 earnings summary

Executive summary

• Achieved 165% year-over-year revenue growth to $10.96M for Q1 2026, driven by higher GPU utilization and expanded enterprise AI contracts.

• Completed a SPAC merger on May 8, 2026, becoming a publicly traded company and repaid all bridge and related party loans.

• Gross profit rose 173% to $9.38M, with gross margin improving to 85.6% from 83.0% year-over-year.

• Net loss was $4.12M, compared to net income of $0.02M in Q1 2025, reflecting increased operating and financing costs.

Financial highlights

• Revenue: $10.96M (Q1 2026), up from $4.14M (Q1 2025).

• Gross profit: $9.38M, up from $3.44M; gross margin 85.6%.

• Operating costs: $13.63M, up 273% year-over-year.

• Net loss: $4.12M, versus net income of $0.02M prior year.

• Cash at period end: $13.24M; working capital deficit: $71.5M.

Outlook and guidance

• Management expects continued demand growth for GPU-based AI infrastructure but notes risks from supply constraints, energy regulation, and macroeconomic volatility.

• Proceeds from the merger are expected to fund expansion and working capital for at least the next 12 months.