Boost Run (NASDAQ:BRUN) Releases Earnings Results, Meets Estimates

Boost Run (NASDAQ:BRUN) announced its earnings results on Thursday. The company reported ($0.17) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.17), FiscalAI reports. The business had revenue of $39.87 million for the quarter.

Here are the key takeaways from Boost Run’s conference call:

• Q3 revenue rose to $39.9 million, up 496% year over year and roughly 28% sequentially. The company reported a $14.1 million net loss and $18 million of adjusted EBITDA.
• Boost Run reported $2.7 billion in contracted TCV and said the backlog is live, in deployment, or scheduled for deployment in 2027; management estimated roughly $750 million in revenue run rate when the current contracts are fully deployed. The company also said it expects about 26% of TCV to be live by the end of November 2026.
• Deployment timing slipped for several projects: a Georgia project representing about $13 million in monthly recurring revenue was pushed from Q3 to Q1 2027, while two other projects went live after quarter-end. Management attributed the delays to local requests and severe weather, and said the issues were resolved or short-term.
• Q3 operating cash flow was $65.6 million, but management cautioned that working-capital changes—particularly customer deposits and payables—drove much of the result, so it should not be annualized. Cash flow also excludes $109.8 million of finance-lease principal payments made during the quarter.
• The company ended the quarter with $157 million of unrestricted cash, said it had secured about $600 million in non-dilutive project financing year to date, and expects roughly $482 million in customer prepayments tied to upcoming deployments. It also received $131.5 million from warrant exercises and reported no warrants outstanding.

Boost Run Stock Performance

BRUN traded down $0.80 during trading on Friday, hitting $5.12. The stock had a trading volume of 2,838,590 shares, compared to its average volume of 2,499,523. The business has a 50-day moving average of $12.13. Boost Run has a twelve month low of $5.00 and a twelve month high of $42.00.

Insider Buying and Selling

In other news, Director Sean Goodrich sold 500,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $14.00, for a total value of $7,000,000.00. Following the completion of the sale, the director owned 4,437,921 shares in the company, valued at approximately $62,130,894. This trade represents a 10.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in Boost Run in the third quarter valued at about $45,000. Silicon Valley Capital Partners acquired a new position in Boost Run during the 2nd quarter worth approximately $111,000. WINTON GROUP Ltd purchased a new position in shares of Boost Run during the 2nd quarter worth approximately $411,000. HighTower Advisors LLC purchased a new position in shares of Boost Run during the 3rd quarter worth approximately $362,000. Finally, Fund 1 Investments LLC purchased a new position in shares of Boost Run during the 2nd quarter worth approximately $1,005,000.

Latest Boost Run News

These are some of the BRUN news items that stood out recently:

• Positive Sentiment: Third-quarter revenue rose 496% year over year, and the company reported $2.7 billion in total contract value. Boost Run also expects deployed colocation power capacity to reach about 40 megawatts by year-end and is targeting roughly $435 million in exit ARR, assuming no project shifts. Third-quarter results
• Neutral Sentiment: Boost Run reported a third-quarter loss of $0.17 per share, matching analysts’ consensus, on $39.87 million in revenue. The loss was not worse than expected, though profitability remains a concern. Quarterly earnings results
• Negative Sentiment: BTIG Research lowered its price target for BRUN to $25, while maintaining a Buy rating. The target cut may signal more cautious expectations, despite the firm’s positive recommendation. BTIG price target update

Wall Street Analysts Forecast Growth

Several research firms recently commented on BRUN. Northland Securities upgraded shares of Boost Run to a “strong-buy” rating in a research report on Monday, September 28th. Zacks Research raised shares of Boost Run to a “hold” rating in a research report on Tuesday, September 29th. Wall Street Zen lowered shares of Boost Run from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. BTIG Research reduced their target price on shares of Boost Run to $25.00 and set a “buy” rating for the company in a report on Thursday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Boost Run in a research note on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

About Boost Run

Boost Run, Inc. develops and provides cloud infrastructure for artificial intelligence (AI) and computing workloads. The company’s platform delivers GPU computes, CPU nodes, managed Kubernetes orchestration, shared network storage, networking fabric, and hyperscaler interconnects. The company was founded in 2023 and is based in Northbrook, Illinois.