Q2 2026 Investor Update

Hi friends,

Q2 was the busiest we’ve ever been! We put Momentum in the hands of hundreds more users — as I previewed last email — while also adding to our earned-revenue war chest.

But before I get into the update, a bit of housekeeping:

Are you still interested in following our progress? If so, just reply and say “keep it coming” (or a thumbs-up works, too). If I don’t hear from you, no hard feelings at all — I’ll quietly take you off our future quarterly updates.

As a reminder, Cadence OneFive is a B2B SaaS-enabled marketplace for decarbonizing multifamily buildings—a $300B market in the making. We streamline retrofit workflows, deliver hard-to-acquire market data, and match shovel-ready projects with capable specialist contractors. Our customers include FirstService Energy, the Related Companies, and New York’s city and state agencies.

Vitals

• Forecast 2026 revenue: $5.5M — from already contracted payments due at the end of Q3
• ARR: $3.3M (up from $1.54M a year ago)
• Transaction revenue YTD: $54.8K (Last update gave the all-time total, not YTD)
• Monthly net burn: None — we’re profitable on both a cash and accrual basis

Q2 Highlights

NYC Accelerator. On April 14, the city’s flagship building-decarbonization program went live running on our platform — press event, the works. In the last update I wrote that our customers “serve hundreds of building owners who actually use our software,” and that 2026 was about serving those end users. NYCA is that promise coming true: our active users increased more than 500% from March to June, and 1000+ teams now have 22k unique buildings saved to their accounts.

We have a footprint outside New York for the first time. In May we launched Momentum-hosted vendor matching for DC’s Building Innovation Hub (run by IMT, one of the most influential building-policy shops in the country). It’s a small build on strong bones, but it’s a real milestone: our first market outside NYC! We now have our sights set on the next city – more on that next time!

New transaction-revenue channel signed. We signed our first “Energy Program Manager” channel agreement with FirstService Energy (a subsidiary of the largest property manager in the US).

Challenges

Building the retrofit machine: Our programs pay us and hand Momentum to their users for free — NYCA and ConEd alone now put it in front of more than a thousand NYC teams at no cost to them. The next challenge is using this already-funded top of funnel as the testbed for moving beyond giving advice — this is where our big effort goes for the rest of the year.

Sighting the next mountaintop: We got to where we wanted to go, and so now higher peaks are in view. We’re refocusing for the next phase, structured around removing retrofit purchase friction. Switching to a higher gear business model when the current business is perfectly healthy is a hard mental shift to make!

How you can help

Let me know if you want to learn more about how we’re doubling down on transactions. We’re taking bets with our own resources before looking to raise, and I’m excited to hear your feedback. You can schedule with me here: zcal.co/bomee

Onwards!

• Bomee