Boost Run’s stock was little changed, rising 0.4% after reporting a 270% year-over-year revenue increase and a $1.9 billion contracted revenue backlog; investors took a neutral view, reflecting confidence in growth alongside cautious scaling and capital intensity.
- Q2 revenue reached $31.1 million, up approximately 270% year-over-year and 260% sequentially.
- Signed $1 billion in total contract value (TCV) during Q2, with a total backlog of $1.9 billion averaging 3 years and 22% prepayment.
- Operates 6 data centers with 3 additional locations expected in the next 6 months, summing to 253 megawatts of capacity.
- Continued investment in procurement, with a $1.44 billion Dell purchase agreement nearly fully allocated and active negotiations for an additional $4-5 billion in hardware.
- Maintains operating discipline with SG&A at ~20% of revenue, well below peer levels, emphasizing a partner-driven model for data center access rather than ownership.
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