Boost Run (NASDAQ:BRUN) Announces Earnings Results

Boost Run (NASDAQ:BRUN) posted its earnings results on Thursday. The company reported ($0.17) EPS for the quarter, hitting the consensus estimate of ($0.17), FiscalAI reports. The firm had revenue of $39.87 million during 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 Down 18.7%

Shares of BRUN traded down $1.38 during trading hours on Thursday, hitting $6.00. 5,331,238 shares of the company were exchanged, compared to its average volume of 2,489,327. The business’s fifty day moving average is $12.35. Boost Run has a one year low of $5.00 and a one year high of $42.00.

Top Boost Run Stories

Here are a few of the latest stories about BRUN:

• Positive Sentiment: Boost Run reported third-quarter revenue growth of 496% year over year and $2.7 billion in total contract value, highlighting strong expansion and a substantial contract base. Third-quarter results
• Neutral Sentiment: BTIG Research lowered its price target to $25 but maintained a Buy rating. The revised target still implies substantial upside from the recent share price, though the reduction may temper optimism. BTIG Research ratings
• Negative Sentiment: The company recorded a quarterly loss of $0.17 per share, matching analyst expectations. The loss underscores that strong revenue growth has not yet translated into profitability and may be weighing on investor sentiment. Quarterly earnings results

Insider Activity

In other news, Director Sean Goodrich sold 500,000 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $14.00, for a total transaction of $7,000,000.00. Following the completion of the sale, the director directly owned 4,437,921 shares of the company’s stock, valued at $62,130,894. This represents a 10.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On Boost Run

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Boost Run by 544.1% in the 3rd quarter. State Street Corp now owns 405,127 shares of the company’s stock valued at $6,685,000 after acquiring an additional 342,227 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Boost Run in the third quarter valued at $578,000. HighTower Advisors LLC acquired a new stake in shares of Boost Run in the third quarter worth $362,000. CenterBook Partners LP acquired a new stake in shares of Boost Run in the third quarter worth $1,541,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Boost Run during the third quarter valued at $45,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Northland Securities upgraded Boost Run to a “strong-buy” rating in a research report on Monday, September 28th. Weiss Ratings restated a “sell (d)” rating on shares of Boost Run in a research report on Friday, September 18th. Wall Street Zen downgraded Boost Run from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Zacks Research raised Boost Run to a “hold” rating in a report on Tuesday, September 29th. Finally, Yorkville Ives began coverage on Boost Run in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $24.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Boost Run Company Profile

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.