RevenueNot availableNo source-backed valueSource detail
No source-backed value is available for this metric.
Capital expendituresNot availableNo source-backed valueSource detail
No source-backed value is available for this metric.
Net incomeNot availableNo source-backed valueSource detail
No source-backed value is available for this metric.
Source-reviewed points35Latest: RevenueSource detail
Revenue | Q2-2026: $582.3M
Nebius reports second quarter 2026 financial results | Independently verified | Accessed 2026-08-17
Cloud/AI segment revenue | Q2-2026: $575M
Nebius Group Letter to shareholders Q2 2026 | Independently verified | Accessed 2026-08-17
Capital expenditures | Q2-2026: $5.7B
Nebius reports second quarter 2026 financial results | Independently verified | Accessed 2026-08-17
Revenue | Q1-2026: $399M
Nebius reports first quarter 2026 financial results | Independently verified | Accessed 2026-08-06
Net income | Q1-2026: $621.2M
Nebius reports first quarter 2026 financial results | Independently verified | Accessed 2026-08-06
Cloud/AI segment revenue | Q1-2026: $389.7M
Operating and Financial Review and Prospects for Q1 2026 | Independently verified | Accessed 2026-08-06
Capital expenditures | Q1-2026: $2.5B
Nebius reports first quarter 2026 financial results | Independently verified | Accessed 2026-08-06
Hyperscaler bookings and backlog | 2026-03-13 agreement: $27B
Nebius Group Form 6-K - Commercial Agreement with Meta | Independently verified | Accessed 2026-08-06
Revenue | Q4-2025: $227.7M
Nebius reports fourth quarter and full-year 2025 financial results | Independently verified | Accessed 2026-08-06
Net income | Q4-2025: -$249.6M
Nebius reports fourth quarter and full-year 2025 financial results | Independently verified | Accessed 2026-08-06
SEC structured data trends
No SEC Structured Data History
This entity has no source-backed SEC structured data history file in the current dataset.
Source-reviewed history
Source-Reviewed Operating Series
Capital expenditures
Baseline infrastructure-spend metric and denominator for vendor-financing and sale-leaseback analysis.
| Period | Measure | Value |
|---|---|---|
| Q2-2024 | Capex | $159M |
| Q3-2024 | Capex | $172.1M |
| Q4-2024 | Capex | $417.5M |
| Q1-2025 | Capex | $543.9M |
| Q2-2025 | Capex | $510.6M |
| Q3-2025 | Capex | $955.5M |
| Q4-2025 | Capex | $2.1B |
| Q1-2026 | Capex | $2.5B |
| Q2-2026 | Capex | $5.7B |
Source trail for rendered points
Capex · Q2-2024: $159M
capex: Nebius reports second quarter financial results and raises ARR guidance for 2025 · Accessed 2026-08-06 · Independently verified
Quote
“Purchases of property, plant and equipment (159.0) (510.6) 221% (217.9) (1,054.5) 384%”
Capex · Q3-2024: $172.1M
capex: Nebius reports third quarter 2025 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Purchases of property and equipment and intangible assets (172.1) (955.5) (390.0) (2,010.0)”
Capex · Q4-2024: $417.5M
capex: Nebius reports fourth quarter and full-year 2025 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Purchases of property and equipment and intangible assets (417.5) (2,056.0) (807.5) (4,066.0)”
Capex · Q1-2025: $543.9M
capex: Nebius reports first quarter 2026 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Purchases of property and equipment and intangible assets (543.9) (2,472.9) Acquisitions of businesses, net of cash acquired - (170.2)”
Capex · Q2-2025: $510.6M
capex: Nebius reports second quarter financial results and raises ARR guidance for 2025 · Accessed 2026-08-06 · Independently verified
Quote
“Purchases of property, plant and equipment (159.0) (510.6) 221% (217.9) (1,054.5) 384%”
Capex · Q3-2025: $955.5M
capex: Nebius reports third quarter 2025 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Purchases of property and equipment and intangible assets (172.1) (955.5) (390.0) (2,010.0)”
Capex · Q4-2025: $2.1B
capex: Nebius reports fourth quarter and full-year 2025 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Purchases of property and equipment and intangible assets (417.5) (2,056.0) (807.5) (4,066.0)”
Capex · Q1-2026: $2.5B
capex: Nebius reports first quarter 2026 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Purchases of property and equipment and intangible assets (543.9) (2,472.9) Acquisitions of businesses, net of cash acquired - (170.2)”
Capex · Q2-2026: $5.7B
capex: Nebius reports second quarter 2026 financial results · Accessed 2026-08-17 · Independently verified
Quote
“In USD $ millions Three months ended June 30 Six months ended June 30 2025 2026 Change 2025 2026 Change Purchases of property and equipment and intangible assets (510.6) (5,657.4) 1008% (1,054.5) (8,130.3) 671%”
Cloud/AI segment revenue
Is AI revenue scaling with AI capex — the payback question.
| Period | Measure | Value |
|---|---|---|
| H1-2024 | Cloud Segment Revenue | $17.4M |
| FY2024 | Cloud Segment Revenue | $68.3M |
| Q1-2025 | Cloud Segment Revenue | $41.4M |
| H1-2025 | Cloud Segment Revenue | $135.1M |
| FY2025 | Cloud Segment Revenue | $480.3M |
| Q1-2026 | Cloud Segment Revenue | $389.7M |
| Q2-2026 | Cloud Segment Revenue | $575M |
Source trail for rendered points
Cloud Segment Revenue · H1-2024: $17.4M
cloud segment revenue: Operating and Financial Review and Prospects for H1 2025 · Accessed 2026-08-06 · Independently verified
Quote
“Nebius 17.4 135.1 676% Avride 0.1 0.4 300% TripleTen 10.2 22.8 124%”
Cloud Segment Revenue · FY2024: $68.3M
cloud segment revenue: Nebius Group N.V. Annual Report on Form 20-F FY2025 · Accessed 2026-08-06 · Independently verified
Quote
“Nebius 9.6 68.3 480.3 Avride - 0.3 1.3 TripleTen 8.2 28.8 54.1”
Cloud Segment Revenue · Q1-2025: $41.4M
cloud segment revenue: Operating and Financial Review and Prospects for Q1 2026 · Accessed 2026-08-06 · Independently verified
Quote
“Nebius AI cloud 41.4 389.7 841% Avride 0.2 0.9 350% TripleTen 10.5 11.6 10%”
Cloud Segment Revenue · H1-2025: $135.1M
cloud segment revenue: Operating and Financial Review and Prospects for H1 2025 · Accessed 2026-08-06 · Independently verified
Quote
“Nebius 17.4 135.1 676% Avride 0.1 0.4 300% TripleTen 10.2 22.8 124%”
Cloud Segment Revenue · FY2025: $480.3M
cloud segment revenue: Nebius Group N.V. Annual Report on Form 20-F FY2025 · Accessed 2026-08-06 · Independently verified
Quote
“Nebius 9.6 68.3 480.3 Avride - 0.3 1.3 TripleTen 8.2 28.8 54.1”
Cloud Segment Revenue · Q1-2026: $389.7M
cloud segment revenue: Operating and Financial Review and Prospects for Q1 2026 · Accessed 2026-08-06 · Independently verified
Quote
“Nebius AI cloud 41.4 389.7 841% Avride 0.2 0.9 350% TripleTen 10.5 11.6 10%”
Cloud Segment Revenue · Q2-2026: $575M
cloud segment revenue: Nebius Group Letter to shareholders Q2 2026 · Accessed 2026-08-17 · Independently verified
Quote
“Q2 group revenue of $582.3 million, was up 454% year-over-year. Nebius AI cloud revenue grew 514% year-over-year to $575 million, ARR reached $3.0 billion.”
Hyperscaler bookings and backlog
Master AI-infrastructure-demand headline metric and leading indicator of future revenue.
| Period | Measure | Value |
|---|---|---|
| 2025-11-11 agreement | Total Contract Value | $3B |
| 2026-03-13 agreement | Total Contract Value | $27B |
Source trail for rendered points
Total Contract Value · 2025-11-11 agreement: $3B
hyperscaler bookings backlog: Nebius reports third quarter 2025 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Nebius today also announced a new agreement to deliver AI infrastructure to Meta valued at approximately $3 billion over 5 years.”
Total Contract Value · 2026-03-13 agreement: $27B
hyperscaler bookings backlog: Nebius Group Form 6-K - Commercial Agreement with Meta · Accessed 2026-08-06 · Independently verified
Quote
“The Agreement and the initial Orders thereunder have a total contract value of up to approximately $27 billion.”
Net income
Baseline profitability metric and first-pass check for one-time accounting stories.
| Period | Measure | Value |
|---|---|---|
| Q2-2024 | Net Income | -$116.9M |
| Q3-2024 | Net Income | -$43.6M |
| Q4-2024 | Net Income | -$122.9M |
| Q1-2025 | Net Income | -$104.3M |
| Q2-2025 | Net Income | $502.5M |
| Q3-2025 | Net Income | -$119.6M |
| Q4-2025 | Net Income | -$249.6M |
| Q1-2026 | Net Income | $621.2M |
Source trail for rendered points
Net Income · Q2-2024: -$116.9M
net income: Nebius reports second quarter financial results and raises ARR guidance for 2025 · Accessed 2026-08-06 · Independently verified
Quote
“Net income / (loss) from continuing operations (116.9) 502.5 (185.5) 398.2”
Net Income · Q3-2024: -$43.6M
net income: Nebius reports third quarter 2025 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Net income / (loss) from continuing operations (43.6) (119.6) (229.1) 278.6”
Net Income · Q4-2024: -$122.9M
net income: Nebius reports fourth quarter and full-year 2025 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Net income / (loss) from continuing operations (122.9) (249.6) (352.0) 29.0”
Net Income · Q1-2025: -$104.3M
net income: Nebius reports first quarter 2026 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Net income / (loss) from continuing operations (104.3) 621.2 Net loss from discontinued operations (9.2) -”
Net Income · Q2-2025: $502.5M
net income: Nebius reports second quarter financial results and raises ARR guidance for 2025 · Accessed 2026-08-06 · Independently verified
Quote
“Net income / (loss) from continuing operations (116.9) 502.5 (185.5) 398.2”
Net Income · Q3-2025: -$119.6M
net income: Nebius reports third quarter 2025 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Net income / (loss) from continuing operations (43.6) (119.6) (229.1) 278.6”
Net Income · Q4-2025: -$249.6M
net income: Nebius reports fourth quarter and full-year 2025 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Net income / (loss) from continuing operations (122.9) (249.6) (352.0) 29.0”
Net Income · Q1-2026: $621.2M
net income: Nebius reports first quarter 2026 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Net income / (loss) from continuing operations (104.3) 621.2 Net loss from discontinued operations (9.2) - Net income / (loss) (113.5) 621.2”
Revenue
Baseline scale metric and denominator for mix, margin, backlog-conversion, and interconnection-revenue calculations.
| Period | Measure | Value |
|---|---|---|
| Q2-2024 | Revenue | $14.5M |
| Q3-2024 | Revenue | $32.1M |
| Q4-2024 | Revenue | $35.2M |
| Q1-2025 | Revenue | $50.9M |
| Q2-2025 | Revenue | $105.1M |
| Q3-2025 | Revenue | $146.1M |
| Q4-2025 | Revenue | $227.7M |
| Q1-2026 | Revenue | $399M |
| Q2-2026 | Revenue | $582.3M |
Source trail for rendered points
Revenue · Q2-2024: $14.5M
revenue: Nebius reports second quarter financial results and raises ARR guidance for 2025 · Accessed 2026-08-06 · Independently verified
Quote
“Revenues 14.5 105.1 625% 24.2 156.0 545%”
Revenue · Q3-2024: $32.1M
revenue: Nebius reports third quarter 2025 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Revenues 32.1 146.1 56.3 302.1 Operating costs and expenses”
Revenue · Q4-2024: $35.2M
revenue: Nebius reports fourth quarter and full-year 2025 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Revenues 35.2 227.7 91.5 529.8 Operating costs and expenses”
Revenue · Q1-2025: $50.9M
revenue: Nebius reports first quarter 2026 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Revenues 50.9 399.0 684% Adjusted EBITDA / (loss) (53.7) 129.5 n/m”
Revenue · Q2-2025: $105.1M
revenue: Nebius reports second quarter financial results and raises ARR guidance for 2025 · Accessed 2026-08-06 · Independently verified
Quote
“Revenues 14.5 105.1 625% 24.2 156.0 545%”
Revenue · Q3-2025: $146.1M
revenue: Nebius reports third quarter 2025 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Revenues 32.1 146.1 56.3 302.1 Operating costs and expenses”
Revenue · Q4-2025: $227.7M
revenue: Nebius reports fourth quarter and full-year 2025 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Revenues 35.2 227.7 91.5 529.8 Operating costs and expenses”
Revenue · Q1-2026: $399M
revenue: Nebius reports first quarter 2026 financial results · Accessed 2026-08-06 · Independently verified
Quote
“Revenues 50.9 399.0 684% Adjusted EBITDA / (loss) (53.7) 129.5 n/m”
Revenue · Q2-2026: $582.3M
revenue: Nebius reports second quarter 2026 financial results · Accessed 2026-08-17 · Independently verified
Quote
“In USD $ millions Three months ended June 30 Six months ended June 30 2025 2026 Change 2025 2026 Change Revenues 105.1 582.3 454% 156.0 981.3 529%”
Current source layer
Current Source-Backed Data
No current-period source-backed data for this entity.
Source-backed timeline
Entity Signals Feed
No source-backed current-period signals in this feed.
Honest gaps
Excluded and Undisclosed Items
Not disclosed
1
Rejected
1
Unverifiable
0
Rejected items exist in the audited workflow when source, quote, or period checks fail; they are excluded from every displayed chart and table.