Boost Run

Q2 FY2026 EarningsQ2 FY26 results missed consensus on the bottom line despite strong top-line growth. Revenue of $31.1M missed expectations of $34.8M, while GAAP Net Loss of $75.0M significantly underperformed the $12.2M net income consensus. The variance was primarily driven by a $55.7M non-cash tax expense related to a change in tax status following the reverse recapitalization, alongside higher-than-expected stock-based compensation and colocation lease costs. While GPU leasing revenue grew 329% YoY, elevated operating expenses resulted in a significant GAAP EPS miss ($ -1.67 vs. $0.13 expected).