Inferra AIResearch Tools

Inferra AI / Company / NBIS

Nebius Group

NBIS · AI Watchlist

Last earnings Aug 12, 2026

Key results

Revenuequarter

841 %

dollars) (%) Nebius AI cloud 41.4 389.7 841 % Avride 0.2 0.9 350 % TripleTen 10.5 11.6 10 % Total segment revenues 52.1 402.2 672 % Eliminations (1.2) (3.2) 167 % Total revenues 50.9 399.0 684 % Eliminations represent the elimination of transactions between the operating segments, including use of our Nebius cloud platform by other segments within the Group.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

Total revenuequarter

684 %

dollars) (%) Nebius AI cloud 41.4 389.7 841 % Avride 0.2 0.9 350 % TripleTen 10.5 11.6 10 % Total segment revenues 52.1 402.2 672 % Eliminations (1.2) (3.2) 167 % Total revenues 50.9 399.0 684 % Eliminations represent the elimination of transactions between the operating segments, including use of our Nebius cloud platform by other segments within the Group.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

dollars) Cost of revenues 24.7 103.8 as a percentage of revenues 49 % 26 % as a percentage of operating expenses 14 % 20 % Cost of revenues increased by $79.1 million, or 320%, from $24.7 million in the first quarter of 2025 to $103.8 million in the first quarter of 2026.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

As a percentage of revenue, cost of revenues was 26% in the first quarter of 2026, down from 49% in the first quarter of 2025, primarily reflecting operating leverage as we scaled capacity.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

As a percentage of total operating expenses, cost of revenues increased from 14% in the first quarter of 2025 to 20% in the first quarter of 2026, reflecting the continued scaling of our AI cloud business.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

Net incomequarter

$41.6

Based on the servers and network equipment placed in service as of December 31, 2025, the financial impact of this change in estimate included a reduction in depreciation expense of $43.1 and an increase in net income of $41.6, for the three months ended March 31, 2026.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

AI analysis

Q1 2025 · reported May 20, 2026

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Net income · Q1 2025
$41.6
EX-99 · May 20, 2026

Headline figures

MetricQ1 2025Prior qtrYear ago
Revenue841 %——
Total revenue684 %——
Net income$41.6——

EX-99 · May 20, 2026

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

2 Interest expense Interest expense primarily consists of contractual interest and the amortization of debt discounts and issuance costs associated with our outstanding debt obligations.

The primary driver of the increase in depreciation and amortization expenses was the continued investments in GPU-related capital expenditures and related data center hardware for the Nebius AI cloud business.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

The historical results described below relate to the results of our continuing operations

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

2 Interest expense Interest expense primarily consists of contractual interest and the amortization of debt discounts and issuance costs associated with our outstanding debt obligations.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

The primary driver of the increase in depreciation and amortization expenses was the continued investments in GPU-related capital expenditures and related data center hardware for the Nebius AI cloud business.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

The increase was primarily driven by higher cash balances following funds raised through various debt instruments, a substantial portion of which was invested in highly liquid, interest-bearing financial instruments.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

See Note 12 Convertible debt of our unaudited condensed consolidated financial statements included elsewhere in this Report on Form 6-K.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

Liquidity and Capital Resources The Group s principal sources of liquidity to date are a combination of equity and debt financing, including convertible notes issued in June 2025, September 2025 and March 2026, a public equity offering completed in September 2025, advances received from strategic customer contracts and an investment from NVIDIA Corporation.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

Our businesses expect to fund their operations, to the extent required, through debt or equity financing, as well as maintaining positive operating cash flow.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

Strategy & priorities

Nebius Group includes Nebius as well as two distinct businesses that operate under separate brands: Avride, a leading developer of autonomous vehicles and delivery robots; and TripleTen, a leading edtech platform focused on reskilling people for careers in tech.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

TripleTen a leading edtech platform focused on re-skilling individuals for careers in technology.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

The increase was due to the expansion of our Nebius AI cloud business, with expenses incurred for co-location and operating lease agreements as well as hiring to support our growing operations.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

The increase was primarily due to higher operating expenses associated with the rapid scaling of the autonomous vehicle fleet and business expansion.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

Liquidity and Capital Resources The Group s principal sources of liquidity to date are a combination of equity and debt financing, including convertible notes issued in June 2025, September 2025 and March 2026, a public equity offering completed in September 2025, advances received from strategic customer contracts and an investment from NVIDIA Corporation.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

Risks & headwinds

In addition to historical information, this discussion contains forward-looking statements based on our current expectations that involve risks, uncertainties and assumptions.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

The potential risks and uncertainties that could affect future results include, among others, the Group s need to expend capital to accommodate the growth of the F-8 Table of Contents business; competitive pressures; technological developments; geopolitical and macroeconomic developments affecting the Group s business, operations or governance; and changes in the political, legal and/or regulatory environment in addition to other risks and uncertainties included under Risk Factors in the Group s Annual Report on Form 20-F for the year ended December 31, 2025.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

COMMITMENTS AND CONTINGENCIES Legal Proceedings In the ordinary course of business, the Group is a party to various legal proceedings and subject to claims, certain of which relate to the alleged breach of certain contractual arrangements.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

The Group intends to vigorously defend any lawsuit and believes that the ultimate outcome of any pending litigation, other legal proceedings or other matters will not have any material adverse effect on the financial condition, results of operations or liquidity of the Group.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

Environment and Current Economic Situation The global macroeconomic environment continues to be characterized by significant uncertainty.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

The technology and AI infrastructure sectors have been particularly affected by the evolving trade policy landscape, shifting AI chip export control frameworks, and ongoing trade tensions between major economies.

SEC original ↗Nebius Group — Earnings release (6-K exhibit)EX-99May 20, 2026

Documents

Earnings deck slides

0 decks with slide view

Nebius Group — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Nebius Group — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Nebius Group — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Taiwan Semiconductor (TSM) AI WatchlistIonQ (IONQ) AI WatchlistArm Holdings (ARM) AI WatchlistCredo Technology (CRDO) AI WatchlistSnowflake (SNOW) AI WatchlistD-Wave Quantum (QBTS) AI WatchlistFuelCell Energy (FCEL) AI WatchlistCoreWeave (CRWV) AI Watchlist

Filings

97 documents

Earnings releases

71 documents

Presentations

3 documents

Transcripts

0 documents

No transcripts for Nebius Group are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention Nebius Group by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.