Boost Run, Inc. (BRUN) Q2 2026 Earnings Call Transcript

Good morning, and thank you for standing by. Welcome to the Boost Run, Inc. Second Quarter 2026 Earnings Call. Please note, this call may be recorded. I would now like to turn the call over to Cassidy Patterson, Investor Relations. Thank you, and good morning, everyone. Welcome to Boost Run's Second Quarter 2026 Earnings Conference Call. Joining me on the call today are Andrew Karos, Founder and Chairman & CEO; Erik Guckel, Chief Financial Officer; and Harry Georgakopoulos, Chief Operating Officer. Before we begin, I'd like to remind you that today's discussion will include forward-looking statements within the meaning of the federal securities law, including statements regarding our expected future financial performance, annual recurring revenue, contracted revenue backlog, net cash flow margin and capital expenditure levels. Actual results may differ materially from those contemplated by these statements. Factors that could cause results to differ are described in our filings with the SEC, including the Risk Factors section of our most recent Form 10-Q. We undertake no obligation to update these statements, except as required by law. We will also discuss certain non-GAAP financial measures, including ARR, run rate revenue, net cash flow margin and our TCV/CapEx ratio. These measures should not be considered in isolation or a substitute for the most directly comparable measures prepared in accordance with GAAP and may not be comparable to similarly titled measures used by other companies. A reconciliation of each historical non-GAAP measure to the most directly comparable