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On September 30, Boost Run entered a major service agreement with Cohere to provide dedicated cloud computing power using high-end graphics chips. Cohere has committed to pay approximately $525.6 million over five years, with the first racks of hardware expected to go live in the second quarter of 2027.
This deal is a significant addition to the company's existing $1.9 billion contract backlog. It helps validate the business model of leasing specialized AI hardware, though the contract allows Cohere to cancel and receive a refund if Boost Run fails to deliver the infrastructure by July 2027.
Source: 8-K filing
On September 29, Boost Run granted restricted stock units to Chief Financial Officer Erik Guckel, Chief Operating Officer Harilaos Georgakopoulos, and Chief Technology Officer Daniel Gormley-Rahn. These awards, which vest over several years, were valued at roughly $76 million in total based on the stock price at the time of the grant. These grants are a routine way for young companies to keep their leadership teams in place following a public listing. The awards are tied to continued service, meaning the executives must stay with the company through 2029 to receive the full amount.
Source: 8-K filing
The stock fell about 5 percent on Friday as broader market worries hit companies that are spending heavily to grow. Wholesale inflation, which tracks what businesses pay for goods, came in higher than expected. This pushed up bond yields, or the interest rates paid on government debt.
When yields rise, it often hurts the stock price of companies like Boost Run that are years away from peak profits. Investors become less willing to pay a high price today for earnings that will arrive in the future. This macro shift overshadowed the company's own progress in building out its data centers.
Source: Market Watch
Boost Run finished calling in its outstanding warrants on August 20. Warrants are financial tools that give the holder the right to buy stock at a specific price. By redeeming them, the company simplifies its share structure. This is a routine piece of financial housekeeping for a newly public company. It removes the uncertainty of these extra shares hanging over the market, though it does not change the underlying business of leasing out AI chips.
Source: Business Wire
Quarterly earnings report on 2026-08-14. Earnings per share: $-1.06 vs $0.13 expected. Revenue: $0.03 billion vs $0.03 billion expected.
See the full quarter, and how our tracked metrics did
Source: 8-K filing
The team has missed its own targets twice in a row by wide margins. It suggests they are struggling to predict the costs of building out their massive infrastructure projects.
| Expectation | |
|---|---|
| EPS | $-0.14 |
| Revenue | $52M |