Boost Run Reports Q2 Revenue Up 270% to $31.1M, TCV Hits $1.9B
BRUN has more than doubled off its 52-week low of $10.25 on elevated volume (1.9× avg).
Summary
Boost Run's Q2 2026 results show 270% revenue growth to $31.1M and a $1.9B contracted revenue backlog, but a $75M GAAP net loss driven by one-time de-SPAC charges.
Key Events · Earnings and Guidance · BRUN
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Revenue Surges 270% YoY
Q2 2026 revenue reached $31.1 million, up from $8.4 million in the prior year period, driven by GPU cluster deployments coming online.
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Contracted Revenue Backlog Hits $1.9B
Total long-term contracted revenue (TCV) stands at $1.9 billion, with over $1 billion in new contracts signed during Q2 2026.
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FY2026 ARR Target Reaffirmed at $400M
Management expects to exit fiscal 2026 with approximately $400 million in annualized recurring revenue, up from $145 million currently.
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GAAP Net Loss of $75M
Q2 GAAP net loss was $75.0 million, driven by a one-time deferred tax charge from the LLC to C-corp conversion, stock-based compensation, and loss on debt extinguishment.
Analysis · BRUN · Technology
Boost Run's first earnings as a public company show explosive growth: revenue jumped 270% year-over-year to $31.1 million, and total contracted revenue reached $1.9 billion. The company added over $1 billion in new contracts during the quarter, and management reaffirmed an aggressive target of $400 million in annualized recurring revenue by year-end. However, the GAAP net loss of $75 million reflects heavy one-time charges from the de-SPAC transaction, including a large deferred tax liability and stock-based compensation. The balance sheet shows $120.2 million in unrestricted cash, but total liabilities of $642.2 million dwarf equity of $100 million, highlighting the leverage used to finance GPU infrastructure. Investors will focus on whether the company can convert its massive contract backlog into profitable cash flow while managing the capital intensity of its data center buildout.
At the time of this filing, BRUN was trading at $26.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $10.25 to $42.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.