Boost Run (BRUN) investor relations material

Executive summary

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

• Signed over $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.

• Completed a zero-redemption de-SPAC business combination in May 2026, raising $114 million in net proceeds and listing on Nasdaq.

• Operating six data centers with three more coming online in the next six months, expanding total accessible capacity to 253 MW.

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

Financial highlights

• Q2 2026 revenue reached $31.1 million, up from $8.4 million in the prior year period.

• Annual recurring revenue grew from $30 million at end of 2025 to $145 million as of June 2026, projected to exceed $400 million by year-end 2026.

• Unrestricted cash balance was $120.2 million as of June 30, 2026, with total assets of $742.3 million.

• Adjusted EBITDA for the first six months was $12.3 million; lease-adjusted EBITDA margin was 54%.

• GAAP net loss of $75 million, heavily impacted by one-time non-cash items related to public listing.

Outlook and guidance

• Fiscal 2026 annualized recurring revenue (ARR) target reaffirmed at $400 million, with ARR expected to exceed $400 million by year-end 2026.

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

• Net cash flow margin expected to reach 15%-20% moving forward.

• Capital expenditures for FY 2026E anticipated at $1.0B to $1.4B.

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