Slide 1: Boost Run Q2 Results and Investor Update
N A S D A Q : B R U N Q 2 2 0 2 6 Boost Run Q2 Results and Investor Update AI Infrastructure Delivered in Minutes A U G U S T 1 4 , 2 0 2 6
Slide 2: Forward-Looking Statements and Disclaimers
F O R W A R D - L O O K I N G S T A T E M E N T S A N D D I S C L A I M E R S Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amend
Slide 3: Q2'26 Highlights
F I N A N C I A L H I G H L I G H T S Q2’ 26 Highlights R E V E N U E A N N U A L R E C U R R I N G R E V E N U E C A P I T A L F I N A N C E D 1 $31.1M+ $145M+ ~$250M+ 270% YoY growth Up from 30% at the end of 2025, expected Disciplined deployment $400M by year-end 2026 U N R E S T R I C T E D C A
Slide 4: Four Core Inputs Driving Continued Growth
O P E R A T I N G M O D E L Four Core Inputs Driving Continued Growth Customer Colocation A deliberately diversified portfolio selected on sector, project size, Boost Run does not own its data centers. Partnering with multiple colocation concentration, and creditworthiness. Accomplished through dire
Slide 5: TCV Deployment by Quarter: $1.9B Fully Live by Q1 2027E
C U S T O M E R D E P L O Y M E N T R U N W A Y TCV Deployment by Quarter: $1.9B Fully Live by Q1 2027E CUM ULATIVE TCV IN PRODUCTION ($B) CONTR ACTE D TCV — $1.9B $1.9B +$0.7B $1.2B +$0.4B $0.8B +$0.4B $0.4B Q2 2026 ACTUAL Q3 2026E EST. Q4 2026E EST. Q1 2027E EST. 3 new sites begin Consistent with
Slide 6: Capacity Runway Anchored by Contracted Demand
C A P A C I T Y & S C A L E Capacity Runway Anchored by Contracted Demand A C C E S S I B L E C A P A C I T Y ¹ U S D A T A C E N T E R S I T E S C O N T R A C T E D T C V ² F Y 2 0 2 6 E E X I T A R R ² 253 MW 6→9 $1.9B $400M+ Across expanded colocation partnerships, 3 additional sites expected onl
Slide 7: Financing Profitable Growth: A Six Step Framework
C A P I T A L D I S C I P L I N E Financing Profitable Growth: A Six Step Framework 1 Rigorous execution plan: Detailed project management and delivery milestones for every A V E R A G E P R E P A Y M E N T project 2 Required prepayment: Obtained on every customer agreement, averaging 22% of TCV 22%
Slide 8: How We Finance Growth
F I N A N C I N G How We Finance Growth Illustrative example — hypothetical contract economics GROSS TCV PROJECT CAPEX TCV / CAPEX CUSTOMER PREPAY DEBT-FREE BY $805M $391M 2.06x 15% Mo. 36 60-month term illustrative project capital efficiency $121M at signing of 60-mo contract C O N T R A C T I N P
Slide 9: Q2 2026 Financial Summary
N A S D A Q : B R U N Q2 2026 Financial Summary NASDAQ: BRUN 9 / 19
Slide 10: Q2 2026 – Transaction Result
BOOST RUN INC. · NASDAQ: BRUN Q2 2026 – Transaction Result De-SPAC Business Combination with Willow Lane Acquisition Corp. — Closed May 8, 2026 A ZERO-REDEMPTION CLOSE C L O SI NG D AT E May 8, 2026 0 public shares redeemed by NE T P R O C E E D S T O C O M P AN Y M E R G E R C O NSI D E R AT I O N
Slide 11: Unprecedented Momentum: Robust Backlog and Exponential Recurring Revenue
C O M M E R C I A L M O M E N T U M Unprecedented Momentum: Robust Backlog and Exponential Recurring Revenue C O N T R A C T E D R E V E N U E B A C K L O G 1,2 A N N U A L R E C U R R I N G R E V E N U E On track to triple again by year end 2026 ARR has tripled year to date ~4.3x $1,900M ~2.8x $400
Slide 12: Adjusted P&L — Q2 and 6 Months Ended June 30
FINANCIAL RESULTS Adjusted P&L — Q2 and 6 Months Ended June 30 Revenue ($ in millions) Adjusted EBITDA Bridge — Q2 2026 ($ in millions) 42.1 GAAP Net Loss (75.0) + Interest Expense, net 5.1 + Income Tax Provision* 55.7 + Depreciation & Amortization 18.1 12.6 = EBITDA 3.9 + Stock-Based Compensation 7
Slide 13: Adjusted Cash Flow — Six Months Ended June 30
FINANCIAL RESULTS Adjusted Cash Flow — Six Months Ended June 30 Cash Flow by Activity ($ in millions) Adjusted Free Cash Flow ($ in millions) 6mo 2026 6mo 2025 114.2 Net cash provided by operating activities 114.2 8.6 Less: Capital expenditures* (36.9) (2.9) Adjusted Free Cash Flow 77.4 5.7 48.9 6mo
Slide 14: Balance Sheet Summary — As of June 30, 2026
FINANCIAL POSITION Balance Sheet Summary — As of June 30, 2026 Total Assets ($ in millions) 742.3 TOTAL LIABILITIES TOTAL STOCKHOLDERS' CASH & RESTRICTED CASH EQUITY $642.2M $100M $133.2M 77.4 vs. $69.3M at 12/31/25 vs. $8.1M at 12/31/25 vs. $9.7M at 12/31/25 Dec 31, 2025 Jun 30, 2026 9.6x growth dr
Slide 15: Adjusted EPS — Q2, 2026
FINANCIAL RESULTS Adjusted EPS — Q2, 2026 GAAP to Adjusted Net Loss Reconciliation ($ in millions) Diluted EPS (Class A) GAAP net loss (75.0) GAAP ADJUSTED + Deferred tax liability — LLC to C-corp conversion* 55.7 + Stock-based compensation 7.1 $(1.67) $(0.24) + Loss on extinguishment of debt 1.4 Ad
Slide 16: Total Shares Outstanding — As of June 30, 2026
CAPITAL STRUCTURE Total Shares Outstanding — As of June 30, 2026 Shares Outstanding by Class Shares Issued & Outstanding Jun 30, 2026 Dec 31, 2025 Class A common stock 47,312,582 14,616,982 Class B common stock 29,533,018 29,533,018 Total shares outstanding 76,845,600 44,150,000 Key drivers of Class
Slide 17: Appendix
N A S D A Q : B R U N Appendix NASDAQ: BRUN 17 / 19
Slide 18: Reconciliation of Operating Metrics to GAAP Measures
APPENDIX A - NON-GAAP RECONCILIATION Reconciliation of Operating Metrics to GAAP Measures OPERATING METRIC DISCLOSED VALUE GAAP ANCHOR (ASC REF.) RECONCILING BRIDGE Revenue (ASC 606) + Annualized recurring run-rate of active contracts at period end. Bridges to GAAP via Remaining Performance ARR ~$40
Slide 19: Reconciliation of Operating Metrics to GAAP Measures
APPENDIX A - NON-GAAP RECONCILIATION Reconciliation of Operating Metrics to GAAP Measures OPERATING METRIC DISCLOSED VALUE GAAP ANCHOR (ASC REF.) RECONCILING BRIDGE Revenue (ASC 606) + Earnings before Interest, Tax Depreciation & Amortization.. Calculation from GAAP Net Remaining Performance EBITDA