US Market News
10時間前
Nebius Launches Physical AI Living Lab for UK and European Robotics Startups Built With NVIDIA TechnologiesJune 9, 2026 2:00 AM
Business Wire Nebius, the AI cloud company, today announced the Physical AI Living Lab, a six-month program that equips British and European robotics startups with NVIDIA's physical AI development tools and Nebius's AI cloud infrastructure. Physical AI depends on large-scale simulation, synthetic data, and accelerated compute that most early-stage robotics companies cannot assemble on their own. The Physical AI Living Lab removes that barrier, putting the same class of tooling and compute used to build physical AI at scale into the hands of founders, so they can move from simulation to real-world deployment faster. The Lab builds on Nebius and NVIDIA's collaboration to create a cloud platform for robotics and physical AI. The companies intend to extend the Physical AI Living Lab to other regions over time and bring in further cohorts as the program grows. Evan Helda, Head of Physical AI at Nebius, said: "Most robotics teams can build a strong model — the bottleneck is getting the simulation, synthetic data, and compute in place to take it further. The Living Lab is built around that problem: founders get the full NVIDIA physical AI stack on Nebius AI Cloud and direct time with our engineers, so they spend time building robots, not assembling infrastructure. That proximity works both ways — working shoulder-to-shoulder with these teams sharpens how we run physical AI ourselves, and that feedback loop is exactly what we want to replicate as we bring the Lab to more cohorts and regions." Anthony Hills, Director, UK&I, NVIDIA, said: "The UK has world-class robotics and AI research, but there's still a real gap between that innovation and scaled, market-ready solutions in physical AI. This lab is about closing that gap by giving UK founders affordable access to the first two computers physical AI needs most: cloud-scale training on Nebius and NVIDIA's full simulation and synthetic data stack, including Cosmos and Isaac, running on NVIDIA RTX PRO GPUs. By removing the compute and tooling barriers that usually slow robotics companies down, we're giving UK startups a clear path from promising prototype to deployed systems that can move the needle for the UK economy and society." Participating startups in the Physical AI Living Lab will work hands-on using NVIDIA technologies to deploy their physical AI workloads — NVIDIA OSMO for workload orchestration, NVIDIA Cosmos world foundation models, and NVIDIA Isaac Sim and NVIDIA Isaac Lab for robot simulation and training — together with the NVIDIA Physical AI Data Factory Blueprint, all running on Nebius infrastructure. Synthetic data generation is provided through Voxel51's FiftyOne integration, built on Cosmos world foundation models. The first phase of the Physical AI Living Lab will run on Nebius's UK-based infrastructure, built on NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs. Beyond the simulation and training tools, participants build, fine-tune and run their models on Nebius AI Cloud — the company's full-stack platform for taking AI from data and training through to production deployment. Applications run through the NVIDIA Inception pipeline. The first cohort will begin in September 2026. Engineers from both Nebius and NVIDIA will provide technical guidance throughout the program. About Nebius Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents and services worldwide. Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam. For more information please visit www.nebius.com Media kit www.nebius.com/media-kit. Disclaimer Forward-looking statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our future financial and business performance, strategy, expected growth, planned investments and capital expenditures, capacity expansion plans, anticipated future financing transactions and expected financial results, are forward-looking statements. The words "anticipate," "believe," "continue," "estimate," "expect," "guide," "intend," "likely," "may," "will" and similar expressions and their negatives are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; our ability to build, operate and manage our businesses to the desired scale; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions "Risk Factors" and "Operating and Financial Review and Prospects" in our Annual Report on Form 20-F for the year ended December 31, 2025, filed with the SEC on April 30, 2026, which is available on our investor relations website at https://nebius.com/investor-hub and on the SEC website at www.sec.gov. All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260608542578/en/ Media relations: media@nebius.com Investor relations: askIR@nebius.com Original: Nebius Launches Physical AI Living Lab for UK and European Robotics Startups Built With NVIDIA Technologies
US Market News
1日前
Nebius chooses Kao Data's Harlow campus for major AI infrastructure deploymentJune 8, 2026 10:37 AM
PR Newswire (US) 10-year agreement will directly support AI innovation in the UK's leading academic and research communities, aligned with the goals of the Government's AI Opportunities Action Plan.Reinforces Kao Data's Harlow campus as a leading hub for industrial-scale AI research, enterprise and AI cloud computing via one of the UK's largest AI cloud deployments.Powered by 100% renewable energy and using direct-to-chip liquid cooling to minimise water usage, the deployment at Kao Data reinforces Nebius's approach to sustainability.LONDON, June 8, 2026 /PRNewswire/ -- Kao Data, the specialist developer and operator of data centres engineered for AI and advanced computing, has today announced a multi-megawatt (MW) AI infrastructure deployment with Nebius (NASDAQ: NBIS), the leading AI cloud company, at its Harlow data centre campus.The 22MW, 10-year agreement will support AI innovation within the UK's world-leading academic and research communities, and the roll-out of the Government's AI Opportunities Action Plan - reinforcing Kao Data's Harlow campus as a leading European hub for industrial-scale AI research, enterprise and GPU-accelerated computing.Today Nebius is one of the fastest-growing, global leaders in AI cloud computing. Its innovative Nebius AI Cloud platform and managed inference service, Nebius Token Factory, will be hosted within Kao Data's Harlow campus, which is one of the UK's most advanced computing environments, specifically engineered for AI.Crucially, with Kao Data's Harlow campus powered by 100% renewable energy, supported by HVO-powered generators, and its KLON-03 facility using the latest advancements in energy efficient, direct-to-chip liquid cooling to minimise water usage, the data centre campus will ensure Nebius's UK infrastructure is aligned with the company's approach to sustainable AI.Speaking on the announcement, Spencer Lamb, CEO, Kao Data, said, "Today marks a significant milestone in the evolution of the Kao Data portfolio and a landmark moment in the UK's AI ambitions. Nebius is an impressive global AI cloud operator, and we are delighted to welcome such a significant deployment into our Harlow data centre campus. This partnership proves that despite challenging macroeconomic circumstances, demand for industrial scale, UK-based, cutting-edge AI remains high, with Kao Data the perfect platform for the latest AI workloads.""We're pleased to be continuing our expansion in the UK with Kao Data," said Andrey Korolenko, Chief Product and Infrastructure Officer at Nebius. "The UK is a major destination for AI and is becoming an important part of Nebius's global footprint. By bringing dedicated capacity to support inference workloads, we can enable UK AI builders and enterprises to achieve their AI goals." A Reference Platform NVIDIA Cloud Partner, Nebius is building a full-stack AI cloud platform for developers and companies — from data and model training to production deployment. Part of the capacity at Kao Data will be dedicated to Nebius Token Factory, a production-scale inference platform that enables AI companies and digital enterprises to deploy and optimise open AI models at scale.The new 22MW deployment at Kao Data also forms part of Nebius' £1.7 Billion investment into the UK, which was announced this morning — further highlighting Nebius's role in enhancing the country's domestic compute capacity by enabling British organisations and industry to harness the power of AI to drive economic growth via one of the UK's largest AI cloud deployments.Kao Data's Harlow data centre campus, which is home to the UK's largest cluster of advanced AI, academic research and life science computing workloads, combines world-class infrastructure with a strong sustainability profile that make it perfectly suited to AI and high-performance computing (HPC) systems.With data centres set to be developed in Park Royal, West London, Greater Manchester and further capacity in Harlow during the coming years, Kao Data is committed to providing the industrial-scale computing power that underpins the UK Government's sovereign AI ambitions.About Kao Data Kao Data leads the industry, pioneering the development and operation of UK and European data centres engineered for AI and advanced computing. With hyperscale-inspired facilities east and west of London, and northern England's largest data centre planned for Greater Manchester, we are home to technology's most demanding computing infrastructure. Its award-winning, NVIDIA DGX-Ready certified data centres are designed, engineered, and operated by one of the industry's most respected teams. Together, this provides colocation customers deploying mission-critical AI, enterprise, and cloud workloads with a secure, scalable, and sustainable compute environment, backed by a guarantee of 100% uptime. Kao Data's data centre portfolio includes more than 237 MW of IT load, either currently operational, under development or planned – all of which is under-pinned by the highest energy efficiency, sustainability and ESG credentials. Backed by leading international investors, and with several pioneering 'industry firsts' to our name, Kao Data represents the future in industrial scale, high-capacity data centres for AI and the next generation of compute. Kaodata.com View original content:https://www.prnewswire.co.uk/news-releases/nebius-chooses-kao-datas-harlow-campus-for-major-ai-infrastructure-deployment-302794087.html Original: Nebius chooses Kao Data's Harlow campus for major AI infrastructure deployment
US Market News
1日前
Nebius expands in UK with more NVIDIA-powered infrastructure, more customers, and more cloud capabilities for agentic and enterprise AIJune 8, 2026 2:00 AM
Business Wire Approximately £1.7 billion committed to capacity buildout at four sites Growing commercial and AI R&D presence at London hub UK customers using Nebius include pioneers in financial services, healthcare and life sciences Nebius (Nasdaq: NBIS), the AI cloud company, today announced it is investing approximately £1.7 billion to build out capacity in the UK with three new deployments of NVIDIA infrastructure, as the company continues to expand its commercial and AI R&D hub in London. Nebius launched its first UK deployment of NVIDIA Blackwell Ultra infrastructure in November 2025. The three new sites will also deploy the latest generations of NVIDIA’s full-stack, end-to-end AI factory platform technology. Combined, the deployments will reach 65 MW when fully ramped up in 2027. Nebius's build-out in the UK aligns with the UK Government's AI Opportunities Action Plan and adds domestic compute capacity so British enterprises, researchers, and public services can build and deploy AI at scale. UK AI Minister Kanishka Narayan said: “We’re determined to make the UK the best place in the world to build and deploy AI – backing the infrastructure businesses, researchers and public services need to put this technology to work.” “Nebius’s investment brings significant AI compute into the UK, giving companies what they need to train, test and run advanced systems here at home – helping drive productivity by rolling AI out widely across the economy.” Arkady Volozh, founder and CEO of Nebius, said: "The UK is one of the places where AI is being built, deployed, and adopted at the same time — by startups, by enterprises, and by the public sector. The work is happening here and the demand is here. And we are also here for the long run." Paolo Guglielmini, Vice President EMEA at NVIDIA, said: "The UK is one of Europe's most ambitious AI markets, with a clear public policy framework and a strong base of innovators. Nebius is expanding local access to NVIDIA’s full-stack AI factory platform, giving British companies the best performance, economics, and ecosystem support to train and deploy frontier and open-source AI close to their data, customers and teams.” British customers are already running production workloads on Nebius at scale. Revolut, the London-founded global fintech serving more than 75 million customers in 40 markets, has rebuilt its AI stack on Nebius — using Nebius Token Factory to power FinCrime agents that prevent financial crime in real time and a chat orchestrator handling more than a million customer support tickets each month. Pavel Nesterov, Executive Director of AI at Revolut, said: "We rebuilt Revolut's AI stack around production reliability and inference economics. Nebius gives us the scale to run training and inference for 75 million customers, with the operational discipline a regulated financial institution requires. The Nebius Token Factory work in particular has changed what we can deploy and what it costs to deploy." Companies supported by the UK Sovereign AI Fund are also building on Nebius. Prima Mente, which is using AI to tackle brain diseases such as Alzheimer's and Parkinson's, runs its biological foundation model training and serving on Nebius. Ravi Solanki, founder and CEO of Prima Mente, said: "Training multi-billion parameter biological foundation models needs sustained, local infrastructure. Nebius's expansion in the UK means we can run more experiments, more reliably, and move treatments for Alzheimer's and Parkinson's into the pipeline faster." Nebius is actively hiring engineering and R&D talent in the UK to complement its headquarters in Amsterdam. The company's London hub is also home to commercial teams for the EMEA region, alongside global industry teams covering critical sectors driving innovation including healthcare and life sciences; retail and e-commerce; and financial services. Nebius Academy, the company's education and research arm, is building partnerships with universities and research institutions, and working to tackle the AI skills gap by training the next generation of UK AI pioneers through online and in-person courses. In addition to UK capacity, Nebius is continuing to expand its full-stack AI cloud platform at the points where customers are building. The recent additions of Tavily, Eigen AI and Clarifai expand the platform's agentic search and inference capabilities, while Nebius AI Cloud 3.5 added serverless AI for production workloads. Together, these moves position Nebius as the platform of choice for enterprise AI deployments, including agentic AI. About Nebius Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents and services worldwide. Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam. For more information please visit www.nebius.com. Media kit www.nebius.com/media-kit. Disclaimer Forward-looking statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our future financial and business performance, strategy, expected growth, planned investments and capital expenditures, capacity expansion plans, anticipated future financing transactions and expected financial results, are forward-looking statements. The words "anticipate," "believe," "continue," "estimate," "expect," "guide," "intend," "likely," "may," "will" and similar expressions and their negatives are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; our ability to build, operate and manage our businesses to the desired scale; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions "Risk Factors" and "Operating and Financial Review and Prospects" in our Annual Report on Form 20-F for the year ended December 31, 2025, filed with the Securities and Exchange Commission ("SEC") on April 30, 2026. All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260607207219/en/ Media relations: media@nebius.com
Investor relations: askIR@nebius.com Original: Nebius expands in UK with more NVIDIA-powered infrastructure, more customers, and more cloud capabilities for agentic and enterprise AI
US Market News
3週前
Nebius and Bloom Energy partner to power AI infrastructure build-outMay 20, 2026 4:00 PM
Business Wire Clean, virtually non-polluting fuel cells replace previously planned combustion-based technology at first US deployment 328 MW of installed capacity planned to be operational this year Long-term partnership with Bloom supports Nebius’s US build-out, with potential for global expansion Nebius (NASDAQ: NBIS), the AI cloud company, and Bloom Energy today announced an agreement to deploy Bloom’s fuel cell technology to help power Nebius’s AI infrastructure build-out. Nebius selected Bloom for its fast time to power, clean, virtually non-polluting technology, and its ability to support the extreme performance demands of AI workloads. Bloom’s fuel cell systems will provide behind-the-meter electricity for Nebius and help meet demand for the compute capacity underpinning its full-stack AI cloud platform. The modular fuel cells can be sited and commissioned on accelerated timelines, reducing dependence on new transmission build and shortening time-to-power for Nebius and its end customers. As a result, the first project with 328 MW of installed capacity is expected to be operational this year, eliminating the need for gas turbines at the site. Bloom fuel cells generate electricity without combustion, making them highly efficient with low emissions and minimal water use, supporting Nebius’s strategy to scale AI infrastructure with a lower environmental footprint. Fuel-cell systems typically face a lighter permitting burden than combustion-based generation, further accelerating the timeline from site selection to operational capacity. “Power remains a key constraint for AI infrastructure build-outs,” said Andrey Korolenko, Chief Product and Infrastructure Officer at Nebius. “We chose Bloom because their fuel cells solve that directly: Clean power with virtually no pollutants is deployed onsite, on the timelines our customers need, with the availability AI workloads require. We expect to put this technology to work alongside our infrastructure as we continue to scale our capacity.” “AI workloads demand power infrastructure that matches the performance of the cloud platforms they run on,” said Aman Joshi, Chief Commercial Officer at Bloom. “Our partnership with AI cloud leader Nebius brings together Bloom’s clean fuel cell technology and AI-native infrastructure, and helps deliver a community-friendly, high-performance solution at scale.” Nebius is establishing one of the largest footprints of purpose-built AI compute capacity globally, with sites across the United States and the EMEA region. The long-term partnership with Bloom supports Nebius’s US build-out with potential for global expansion as Nebius scales. About Nebius Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents and services worldwide. Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam. For more information please visit www.nebius.com About Bloom Energy Bloom Energy empowers enterprises to meet soaring energy demands and responsibly take charge of their power needs. The company’s solid oxide fuel cell systems provide ultra-resilient, highly scalable onsite electricity for Fortune 500 customers around the world, including data centers, semiconductor manufacturing, large utilities, and other commercial and industrial sectors. Headquartered in Silicon Valley, Bloom Energy employs more than 2,000 people worldwide and manufactures its systems in the United States. For more information, visit BloomEnergy.com Forward-looking statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our ability to successfully deploy and utilize Bloom fuel cell technology under the announced agreement on accelerated timeframes, or at all, and our ability to expand this agreement to further deployments, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “guide,” “intend,” “likely,” “may,” “will” and similar expressions and their negatives are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; technical and operational challenges in significant power deployments, and our ability to secure additional capital to enable the growth of the business; as well as those risks and uncertainties related to Nebius’s continuing businesses included under the captions “Risk Factors” and “Operating and Financial Review and Prospects” in Nebius’s Annual Report on Form 20-F for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on April 30, 2026 and those risks and uncertainties contained in Bloom Energy’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 9, 2026, as well as subsequent reports filed with or furnished to the SEC. All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520088289/en/ Nebius
Media relations: media@nebius.com
Investor relations: askIR@nebius.com Bloom Energy
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Investor relations: investor@bloomenergy.com Original: Nebius and Bloom Energy partner to power AI infrastructure build-out
US Market News
4週前
Nebius reports first quarter 2026 financial resultsMay 13, 2026 7:03 AM
Business Wire Nebius Group N.V. (NASDAQ: NBIS), the AI cloud company, today announced its unaudited financial results for the first quarter ended March 31, 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513568820/en/ Nebius today also announced that it has secured up to 1.2 GW of power and land for a new, owned AI factory at a site in Pennsylvania. The Company today also published founder and CEO Arkady Volozh’s quarterly letter to shareholders, available on its investor relations website at https://nebius.com/investor-hub (PDF). Management will hold an earnings webcast today at 8:00 a.m. Eastern Time (5:00 a.m. Pacific Time / 2:00 p.m. Central European Time). To register, or to listen to the live audio webcast, please visit https://nebius.com/investor-hub. Q1 2026 Financial Highlights Consolidated results (1), (2) In USD $ millions Three months ended March 31 2025 2026 Change Revenues 50.9 399.0 684% Adjusted EBITDA / (loss) (53.7) 129.5 n/m Net income / (loss) from continuing operations (104.3) 621.2 n/m Adjusted net loss (83.6) (100.3) -20% (1) The following measures presented in this release are “non-GAAP financial measures”: Adjusted EBITDA / (loss) and Adjusted net loss. Please see the section “Use of Non-GAAP Financial Measures” below for a discussion of how we define these measures, as well as reconciliations at the end of this release of each of these measures to the most directly comparable U.S. GAAP measures. (2) Results include consolidated financial results of: Nebius, the core AI cloud business; Avride, an autonomous vehicle platform; and TripleTen, an edtech service. In Q2 2025 following the completion of a third-party investment transaction in Toloka, an AI development platform, Nebius ceased to hold majority voting power in Toloka and no longer includes Toloka’s results in Nebius’ consolidated financial statements and reports its stake as equity method investment. Toloka’s results for prior periods have been reclassified to discontinued operations. Operating expenses In USD $ millions Three months ended March 31 2025 2026 Change Cost of revenues 24.7 103.8 320% as a percentage of revenues 49% 26% Product development 36.5 67.4 85% as a percentage of revenues 72% 17% Sales, general and administrative 60.9 143.8 136% as a percentage of revenues 120% 36% Depreciation and amortization 49.1 212.0 332% as a percentage of revenues 96% 53% Total operating costs and expenses 171.2 527.0 208% as a percentage of revenues 336% 132% Total share-based compensation expense 17.5 35.3 102% as a percentage of operating expenses 10% 7% Selected consolidated cash flow data In USD $ millions Three months ended March 31 2025 2026 Change Cash provided by / (used in) operating activities – continuing operations (184.1) 2,258.0 n/m Purchases of property and equipment and intangible assets (543.9) (2,472.9) 355% Outstanding Shares The total number of shares issued and outstanding as of March 31, 2026 was 253,898,194, including 220,406,311 Class A shares and 33,491,883 Class B shares, and excluding 68,142,750 Class A shares held in treasury. Earnings webcast Nebius Group will host a conference call and earnings webcast at 8:00 a.m. Eastern Time (5:00 a.m. Pacific Time / 2:00 p.m. Central European Time) on May 13, 2026 to discuss these financial results. To register to participate in the conference call, or to listen to the live audio webcast, please visit Nebius’s Investor Relations website at group.nebius.com/investor-hub. A replay will be available on the same website following the call. About Nebius Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents, and services worldwide. Nebius Group also includes Avride (a leading developer of autonomous vehicles and delivery robots) and TripleTen (a leading edtech platform reskilling people for careers in tech), and owns equity stakes in other companies including ClickHouse and Toloka. Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam. For more information, please visit www.nebius.com FORWARD-LOOKING STATEMENTS This document contains forward-looking statements that involve risks and uncertainties. All statements contained or implied other than statements of historical facts, including, without limitation, statements regarding our business plans, market opportunities, capacity buildout plans, capital expenditure requirements, financing requirements and projected financial performance, are forward-looking statements. In some cases, these forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include our ability to: obtain sufficient financing and manage our liquidity and capital resources to support our operations and growth; successfully identify, develop and bring online additional data center capacity on a timely and cost-effective basis, including securing suitable sites and access to power; implement and maintain effective internal control over financial reporting; manage supply chain risks and secure required equipment, hardware, materials and services on acceptable terms; compete effectively in a dynamic and competitive market while generating sustained customer demand; and manage dependence on key vendors and adapt to technological change. Many of these risks and uncertainties depend on the actions of third parties and are largely outside of our control. Our actual results of operations may also differ materially from those stated in or implied by such forward-looking statements as a result of a variety of factors, including those described under the captions “Risk Factors” and “Operating and Financial Review and Prospects” in our Annual Report on Form 20-F for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (“SEC”) on April 30, 2026, which is available on our investor relations website at https://group.nebius.com and on the SEC website at www.sec.gov. All information in this document is as of the date hereof, and the Company undertakes no duty to update this information unless required by law. In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this document, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. We operate in an evolving environment. New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can we assess the effect of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Disclaimer Links to third-party websites are provided for informational purposes only; Nebius is not responsible for the content contained on or accessible through the linked sites. USE OF NON-GAAP FINANCIAL MEASURES To supplement the financial information prepared and presented in accordance with U.S. GAAP, we present the following non-GAAP financial measures: Adjusted EBITDA / (loss) and Adjusted net income / (loss). The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned “Reconciliations of non-GAAP financial measures to the nearest comparable U.S. GAAP measures”, included following the accompanying financial tables. We define the various non-GAAP financial measures we use as follows: Adjusted EBITDA / (loss) means U.S. GAAP net income / (loss) from continuing operations before (1) depreciation and amortization, (2) SBC expense, (3) one-off restructuring and other expenses, (4) interest income, (5) interest expense, (6) income / (loss) from equity method investments, (7) gain from revaluation of investments in equity securities, (8) other income / (loss), net, (9) income tax expense/(benefit). Adjusted net income / (loss) means U.S. GAAP net income / (loss) from continuing operations before (1) SBC expense, (2) one-off restructuring and other expenses, (3) amortization of debt discount and issuance costs, net of interest expense capitalized, (4) foreign exchange gains / (losses) and (5) gain from revaluation of investments in equity securities. Tax effects related to the listed adjustments are excluded from adjusted net income. These non-GAAP financial measures are used by management for evaluating financial performance as well as decision-making. Management believes that these metrics reflect the organic, core operating performance of the company, and therefore are useful to analysts and investors in providing supplemental information that helps them understand, model and forecast the evolution of our operating business. Although our management uses these non-GAAP financial measures for operational decision-making and considers these financial measures to be useful for analysts and investors, we recognize that there are a number of limitations related to such measures. In particular, it should be noted that several of these measures exclude some recurring costs, particularly share-based compensation. In addition, the components of the costs that we exclude in our calculation of the measures described above may differ from the components that our peer companies exclude when they report their results of operations. Below we describe why we make particular adjustments to certain U.S. GAAP financial measures: Net income / (loss) from discontinued operations We present Adjusted EBITDA / (loss) and Adjusted net income / (loss) excluding any effects of our discontinued operations. Information on our discontinued operations is disclosed in our Annual Report on Form 20-F for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (“SEC”) on April 30, 2026. SBC expense SBC (Stock-Based Compensation) is a significant expense item and an important part of our compensation and incentive programs. As it is highly dependent on our share price at the time of equity award grants, we believe that it is useful for investors and analysts to see certain financial measures excluding the impact of these charges in order to obtain a clearer picture of our operating performance. Foreign exchange gains / (losses) The functional currency of Nebius Group N.V. is the United States Dollar, which is also the Group’s reporting currency. Foreign exchange gain / (loss) dynamics reflect changes in the U.S. dollar value of monetary assets and liabilities that are denominated in other currencies, as well as changes in the functional currencies of foreign subsidiaries' monetary assets and liabilities that are denominated in currencies different from their respective local currencies. Because foreign exchange fluctuations are outside of our operational control, we believe that it is useful to present Adjusted EBITDA / (loss), adjusted net income / (loss) and related margin measures excluding these effects, in order to provide greater clarity regarding our operating performance. One-off restructuring and other expenses We believe that it is useful to present Adjusted net income / (loss), Adjusted EBITDA / (loss) and related margin measures excluding impacts not related to our operating activities. Adjusted net income / (loss) and Adjusted EBITDA / (loss) exclude certain expenses related to the restructuring, M&A activities and other similar one-off expenses. Amortization of debt discount and issuance costs, net of interest expense capitalized We also adjust net income / (loss) for interest expense representing amortization of the debt discount and issuance costs related to our convertible senior notes, net of interest expense capitalized into cost of our property and equipment. Debt discount represents the accretion of the nominal amount of notes payable at maturity, unless the relevant notes have been earlier repurchased, redeemed or converted in accordance with their terms. We adjust net income / (loss) for the interest expense recognized from amortization of the debt discount and issuance costs due to the significantly different timing of payment in relation to the operating results. The tables at the end of this release provide detailed reconciliations of each non-GAAP financial measure we use from the most directly comparable U.S. GAAP financial measure. Nebius Group N.V. Unaudited Condensed Consolidated Balance Sheets (in millions of U.S. dollars) As of December 31, March 31, 2025* 2026 ASSETS Cash and cash equivalents 3,678.1 9,298.2 Accounts receivable 720.3 1,479.2 Prepaid expenses 34.8 53.5 VAT reclaimable 131.4 46.9 Other current assets 146.8 360.5 Total current assets 4,711.4 11,238.3 Property and equipment 5,553.3 7,131.7 Intangible assets 19.7 48.3 Goodwill — 163.3 Operating lease right-of-use assets 918.8 1,266.0 Equity method investments 11.1 6.4 Investments in non-marketable equity securities 836.6 1,614.1 Deferred tax assets 11.8 18.6 Other non-current assets 367.9 816.6 Total non-current assets 7,719.2 11,065.0 TOTAL ASSETS 12,430.6 22,303.3 LIABILITIES AND SHAREHOLDERS’ EQUITY Accounts payable, accrued and other liabilities 1,210.1 621.7 Debt, current 24.5 18.4 Income and non-income taxes payable 17.7 23.3 Deferred revenue, current 275.5 685.6 Total current liabilities 1,527.8 1,349.0 Operating lease liabilities 760.5 1,045.8 Debt, non-current 4,103.2 8,432.0 Deferred revenue, non-current 1,302.0 4,092.5 Other accrued liabilities 143.1 142.1 Total non-current liabilities 6,308.8 13,712.4 Total liabilities 7,836.6 15,061.4 Shareholders’ equity: Ordinary shares 8.4 8.4 Treasury shares at cost (1,075.7 ) (1,061.9 ) Additional paid-in capital 2,360.9 4,386.2 Accumulated other comprehensive loss (0.1 ) (13.5 ) Retained earnings 3,300.5 3,921.7 Total equity attributable to Nebius Group N.V. 4,594.0 7,240.9 Noncontrolling interests — 1.0 Total shareholders’ equity 4,594.0 7,241.9 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 12,430.6 22,303.3 * Derived from audited consolidated financial statements Nebius Group N.V. Unaudited Condensed Consolidated Statements of Operations (in millions of U.S. dollars, except share and per share data) Three months ended March 31, 2025* 2026 Revenues 50.9 399.0 Operating costs and expenses: Cost of revenues(1) 24.7 103.8 Product development(1) 36.5 67.4 Sales, general and administrative(1) 60.9 143.8 Depreciation and amortization 49.1 212.0 Total operating costs and expenses 171.2 527.0 Loss from operations (120.3 ) (128.0 ) Interest income 8.5 14.2 Interest expense — (63.7 ) Gain from revaluation of investments in equity securities — 780.6 Income / (loss) from equity method investments 0.1 (7.6 ) Other income, net 8.3 19.9 Net income / (loss) before income taxes (103.4 ) 615.4 Income tax expense / (benefit) 0.9 (5.8 ) Net income / (loss) from continuing operations (104.3 ) 621.2 Net loss from discontinued operations (9.2 ) — Net income / (loss) (113.5 ) 621.2 Net income / (loss) from continuing operations per Class A and Class B share: Basic (0.44 ) 2.40 Diluted (0.44 ) 2.11 Net loss from discontinued operations per Class A and Class B share: Basic (0.04 ) — Diluted (0.04 ) — Net income / (loss) per Class A and Class B share: Basic (0.48 ) 2.40 Diluted (0.48 ) 2.11 Weighted average number of Class A and Class B shares used in per share computation: Basic 237,916,047 258,298,911 Diluted 237,916,047 308,971,701 (1) These balances exclude depreciation and amortization expenses, which are presented separately, and include share-based compensation, in the amount of: Cost of revenues 0.2 0.6 Product development 6.3 11.7 Sales, general and administrative 11.0 23.0 *Adjusted for the presentation of discontinued operations for Toloka Nebius Group N.V. Unaudited Condensed Consolidated Statements of Cash Flows (in millions of U.S. dollars) Three months ended March 31, 2025* 2026 CASH FLOWS PROVIDED BY / (USED IN) OPERATING ACTIVITIES: Net income / (loss) from continuing operations (104.3 ) 621.2 Adjustments to reconcile net income / (loss) to net cash provided by operating activities: Depreciation of property and equipment 48.6 208.8 Amortization of intangible assets 0.5 3.2 Operating lease right-of-use assets amortization 7.0 29.8 Amortization of debt discount and issuance costs, net of interest expense capitalized — 15.7 Share-based compensation expense 17.5 35.3 Deferred income tax benefit (0.8 ) (7.8 ) Foreign exchange (gains) / losses 3.4 (1.7 ) Gain from revaluation of investments in equity securities — (780.6 ) (Income) / loss from equity method investments (0.1 ) 7.6 Provision for expected credit losses 0.2 0.8 Other 1.5 4.0 Changes in operating assets and liabilities: Accounts receivable (9.5 ) (758.9 ) Prepaid expenses 1.3 (19.0 ) Accounts payable, accrued and other liabilities and non-income taxes payable (57.0 ) (64.9 ) Deferred revenue 2.4 3,198.0 Other assets (19.1 ) (318.9 ) VAT reclaimable (75.7 ) 85.4 Net cash provided by / (used in) operating activities – continuing operations (184.1 ) 2,258.0 Net cash used in operating activities – discontinued operations (13.4 ) — Net cash provided by / (used in) operating activities (197.5 ) 2,258.0 CASH FLOWS USED IN INVESTING ACTIVITIES: Purchases of property and equipment and intangible assets (543.9 ) (2,472.9 ) Acquisitions of businesses, net of cash acquired — (170.2 ) Net cash used in investing activities – continuing operations (543.9 ) (2,643.1 ) Net cash used in investing activities – discontinued operations (0.1 ) — Net cash used in investing activities (544.0 ) (2,643.1 ) CASH FLOWS PROVIDED BY / (USED IN) FINANCING ACTIVITIES: Proceeds from issuance of convertible notes — 4,337.5 Convertible notes issuance costs — (43.8 ) Proceeds from issuance of prefunded warrants — 2,000.0 Withholding tax paid (181.5 ) — Proceeds from exercise of share options — 1.8 Net cash provided by / (used in) financing activities – continuing operations (181.5 ) 6,295.5 Net cash provided by / (used in) financing activities – discontinued operations — — Net cash provided by / (used in) financing activities (181.5 ) 6,295.5 Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents 0.3 (5.1 ) Net change in cash and cash equivalents, and restricted cash and cash equivalents (922.7 ) 5,905.3 Cash and cash equivalents, and restricted cash and cash equivalents, beginning of period 2,450.3 3,721.6 Cash and cash equivalents, and restricted cash and cash equivalents, end of period 1,527.6 9,626.9 Less cash and cash equivalents, and restricted cash and cash equivalents of discontinued operations, end of period (7.3 ) — Cash and cash equivalents, and restricted cash and cash equivalents of continuing operations, end of period 1,520.3 9,626.9 RECONCILIATION OF CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS: Cash and cash equivalents, beginning of period 2,449.6 3,678.1 Restricted cash and cash equivalents, beginning of period 0.7 43.5 Cash and cash equivalents, and restricted cash and cash equivalents, beginning of period 2,450.3 3,721.6 Cash and cash equivalents, end of period 1,447.0 9,298.2 Restricted cash and cash equivalents, end of period 80.6 328.7 Cash and cash equivalents, and restricted cash and cash equivalents, end of period 1,527.6 9,626.9 Cash and cash equivalents, end of period – continuing operations 1,439.7 9,298.2 Restricted cash and cash equivalents, end of period – continuing operations 80.6 328.7 Cash and cash equivalents, and restricted cash and cash equivalents, end of period – continuing operations 1,520.3 9,626.9 *Adjusted for the presentation of discontinued operations for Toloka Nebius Group N.V. RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES TO THE NEAREST COMPARABLE U.S. GAAP MEASURES Reconciliation of Adjusted EBITDA / (loss) to U.S. GAAP Net Income / (loss) In USD millions Three months ended March 31, 2025 2026 Change Net income / (loss) (113.5) 621.2 n/m Add: net loss from discontinued operations 9.2 — -100% Net income / (loss) from continuing operations (104.3) 621.2 n/m Depreciation and amortization 49.1 212.0 332% SBC expense 17.5 35.3 102% One-off restructuring and other expenses — 10.2 n/m Interest income (8.5) (14.2) 67% Interest expense — 63.7 n/m Loss / (income) from equity method investments (0.1) 7.6 n/m Gain from revaluation of investments in equity securities — (780.6) n/m Other income, net (8.3) (19.9) 140% Income tax expense / (benefit) 0.9 (5.8) n/m Adjusted EBITDA / (loss) (53.7) 129.5 n/m Reconciliation of Adjusted Net Income / (loss) to U.S. GAAP Net Income / (loss) In USD millions Three months ended March 31, 2025 2026 Change Net income / (loss) (113.5) 621.2 n/m Add: net loss from discontinued operations 9.2 — -100% Net income / (loss) from continuing operations (104.3) 621.2 n/m SBC expense 17.5 35.3 102% Foreign exchange (gains) / losses 3.4 (1.7) n/m One-off restructuring and other expenses — 10.2 n/m Amortization of debt discount and issuance costs, net of interest expense capitalized — 15.7 n/m Gain from revaluation of investments in equity securities — (780.6) n/m Tax effect of adjustments (0.2) (0.4) -100% Adjusted net loss (83.6) (100.3) -20% View source version on businesswire.com: https://www.businesswire.com/news/home/20260513568820/en/ Investor Relations
askIR@nebius.com Media Relations
media@nebius.com Original: Nebius reports first quarter 2026 financial results
US Market News
4週前
Nebius welcomes Clarifai’s core team and licenses inference IP to strengthen Nebius Token FactoryMay 12, 2026 5:37 PM
Business Wire Brings Clarifai’s deep expertise in system-level inference optimization and production AI to Nebius's managed inference platform and global capacity Clarifai founder and CEO Matthew Zeiler, Ph.D., to lead Nebius research team Nebius (NASDAQ: NBIS), the AI cloud company, today announced that the core engineering and research team from Clarifai, led by founder and CEO Matthew Zeiler, is joining Nebius. Nebius has also agreed to license Clarifai’s inference and compute orchestration technology. The transaction will further strengthen Nebius Token Factory as a full-stack inference platform following Nebius’s recently announced acquisition of Eigen AI. While Eigen AI optimizes at the model level, Clarifai’s technology optimizes the system, creating the end-to-end infrastructure required to run complex AI models reliably in production. Clarifai founder and CEO Matthew Zeiler – a recognized pioneer in machine learning who has worked alongside researchers including Geoffrey Hinton, Jeff Dean, Rob Fergus, and Yann LeCun – will join Nebius as SVP, Research. At Nebius, he will lead a team focused on frontier AI innovation across areas including multimodal agentic reasoning, world models, token efficiency, and long-term memory. A select group of Clarifai engineers and researchers will also join Nebius's infrastructure teams, bringing more than a decade of expertise in inference optimization and machine learning to Nebius. Roman Chernin, co-founder and Chief Business Officer of Nebius, said: “We are building a complete inference ecosystem, because delivering efficient execution at scale is a system optimization game: model optimization, system design, and compute orchestration all have to work together. The integration of Clarifai’s advanced system-building capabilities and proven team will further strengthen Nebius Token Factory, offering customers the infrastructure they need to run models reliably and cost-effectively in production.” Alongside the integration of Clarifai’s core engineering and research talent, Nebius will acquire Clarifai's patent portfolio covering AI inference, compute orchestration, and related technologies, and will receive a non-exclusive, perpetual license to Clarifai's modern AI inference and reasoning technology stack. Matthew Zeiler, founder and CEO of Clarifai, said: “The future of AI – from agentic systems to physical AI – depends on the infrastructure powering it. Nebius is building the ultimate foundation to become the next hyperscaler, and I am excited to bring our team's expertise to that mission and to lead research at the frontier of AI. By combining our deep experience in compute orchestration and system-level optimization with Nebius’s massive compute capacity, we will give developers the jointly optimized hardware and software stack they need to deploy AI at scale.” The scope of the license is limited to Clarifai's modern AI inference and compute orchestration technology. It does not include Clarifai's legacy computer vision models, any intellectual property, products, services, or commercial arrangements associated with Clarifai's US government and defense programs. Commercial terms of the agreement were not disclosed. About Nebius Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents and services worldwide. Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam. For more information please visit www.nebius.com Disclaimer Forward-looking statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our ability to use Clarifai’s technology, integrate the Clarifai team and to achieve the synergies and other benefits anticipated, are forward-looking statements. The words "anticipate," "believe," "continue," "estimate," "expect," "guide," "intend," "likely," "may," "will" and similar expressions and their negatives are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: risks associated with acquisitions and the integration of businesses and teams; market, macroeconomic and geopolitical conditions; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; as well as those risks and uncertainties related to our continuing businesses included under the captions "Risk Factors" and "Operating and Financial Review and Prospects" in our Annual Report on Form 20-F for the year ended December 31, 2025, filed with the Securities and Exchange Commission on April 30, 2026. All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260512604070/en/ Media relations: media@nebius.com
Investor relations: askIR@nebius.com Original: Nebius welcomes Clarifai’s core team and licenses inference IP to strengthen Nebius Token Factory
US Market News
4週前
Nebius breaks ground on gigawatt-scale AI factory in Independence, MissouriMay 12, 2026 2:15 PM
Business Wire City leaders and local stakeholders help launch construction of multi-building campus that supports 1,000+ jobs, sizable tax revenues, and area education programs. Nebius (Nasdaq: NBIS), the AI cloud company, today broke ground on its flagship AI factory campus in Independence, Missouri – the company’s first gigawatt-scale digital infrastructure project in the US. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260512738854/en/State and local leaders, development partners, and community members joined company representatives at the Nebius Independence, Missouri groundbreaking ceremony on May 12, 2026. The ceremony brought together state and local leaders, economic development partners, community members and company representatives to mark the start of construction of the multi-building AI factory on approximately 400 acres in eastern Independence. Nebius already operates in the Kansas City area and sees the Independence AI factory as a critical next step in its long-term growth in the US. “Projects like this are built for the long term, and we are committed to developing this facility in a way that directly benefits Independence,” said Nebius Board Chairman, John Boynton. “We want to create lasting opportunities, act as a good partner with the community, and set a standard for developing AI and digital infrastructure responsibly.” “Missouri continues to lead in innovation, infrastructure, and investment, and this facility in Independence is another example of that momentum in action,” said Governor Mike Kehoe. “This investment from Nebius strengthens Missouri’s position as a national leader in digital infrastructure, while creating quality jobs, supporting local schools and businesses, and generating long-term opportunity. We are proud to support investments that keep Missouri competitive and moving forward.” Construction of the first phase of the AI factory is now underway. In both the construction and operation phases, Nebius has put in place intentional design measures to minimize impact at a local level, including by minimizing water use, containing noise and light, and protecting ratepayers. Creating approximately 1,200 construction jobs – overwhelmingly drawn from local union building trades – and 130 permanent high-tech positions at full operation, Nebius’ Independence investment is also expected to generate $650 million in tax payments to local school districts and taxing jurisdictions over the next 20 years. Nebius is committed to transparent operations and sustained community engagement. As part of this, the company has established a community benefits plan focused on education and local investment, and has already begun to put this into practice, including a recent donation to eliminate school meal debt at Independence and Ft. Osage School Districts and an initial agreement with Metropolitan Community College focused on AI literacy and workforce development. More information about the Nebius AI factory in Independence, Missouri, can be found at nebius-independencemo.com. High resolution photos from today’s groundbreaking are available here. Here’s what community, business, and education leaders are saying about Nebius’ collaborative, partnership-focused investment approach: Valerie Byrnes, President of the Independence Chamber of Commerce and Economic Development Partnership: “This project is a powerful catalyst for sustained economic growth in Independence. This is a pivotal project that elevates a city’s trajectory—attracting new industries, driving infrastructure investment, and creating momentum that will shape our economy for decades to come.” Michelle Hataway, Director of the Missouri Department of Economic Development: “Nebius’ decision to expand in Independence is another strong signal that Missouri is competing and winning in the technology and innovation economy. This billion-dollar-investment and creation of new jobs will bring new opportunities to the region while strengthening the state’s growing reputation as a destination for high-tech industry and forward-looking investment.” Subash Alias, CEO of Missouri Partnership: “This project highlights the extraordinary pace of growth in the AI industry – and why Missouri is the right place for that growth. With our central location, robust infrastructure, and ability to deliver power at scale, Missouri offers a compelling environment for next-generation technology investment, and Nebius’ decision reinforces our strength as a global competitor.” Tim Cowden, President and CEO of the Kansas City Area Development Council: “The Kansas City region continues to stand out as a top destination for global technology investment. Nebius’ decision to choose Independence underscores the strength of our infrastructure, our talent pipeline and a highly collaborative, business-focused environment that helps companies scale and succeed.” Ned Finkle, NVIDIA Vice President of External Affairs: "Artificial intelligence is driving the largest infrastructure buildout in history — and that buildout must be rooted here in the United States. This Nebius campus will create thousands of jobs, strengthen American supply chains, and build the AI factories that will power the next era of computing. NVIDIA is proud to stand with Nebius and the State of Missouri as we build the future of AI in American communities, with American workers." Dr. Cynthia Grant, Deputy Superintendent of Instructional Services, Independence School District: “The Nebius AI factory represents a once-in-a-generation economic opportunity for our community. For our district, it is projected to generate more than $463 million over the next 20 years, providing long-term stability and allowing us to better support our students, staff, and schools.” Dr. Kimberly Beatty, Chancellor, Metropolitan Community College: “The addition of Nebius to the Kansas City region will add value to the economic development ecosystem through their contribution to the community and K-16 education system. For MCC and most education entities, the ability to learn and partner with an AI expert has tremendous return on investment as we continue to serve our communities and students.” Chris Wilson, CEO of ARCO National Construction: “Projects of this scale require deep coordination and technical expertise. We are proud to partner with Nebius to deliver a facility of this complexity and bring it online in Independence.” About Nebius Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents, and services worldwide. Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam. For more information please visit www.nebius.com Disclaimer Forward-looking statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our future financial and business performance, strategy, expected growth, planned investments and capital expenditures, capacity expansion plans, anticipated future financing transactions and expected financial results, are forward-looking statements. The words “anticipate, ” “believe, ” “continue, ” “estimate, ” “expect, ” “guide, ” “intend, ” “likely, ” “may, ” “will” and similar expressions and their negatives are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; our ability to build, operate and manage our businesses to the desired scale; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions “Risk Factors” and “Operating and Financial Review and Prospects” in our Annual Report on Form 20-F for the year ended December 31, 2025, filed with the SEC on April 30, 2026, which is available on our investor relations website at https://nebius.com/investor-hub and on the SEC website at www.sec.gov. All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260512738854/en/ Media relations: media@nebius.com
Investor relations: askIR@nebius.com
Independence residents: IndependenceMO@nebius.com Original: Nebius breaks ground on gigawatt-scale AI factory in Independence, Missouri
US Market News
1月前
Nebius Agrees to Acquire Eigen AI, Strengthening Nebius Token Factory as a Frontier Inference PlatformMay 1, 2026 7:00 AM
Business Wire
Combines Eigen AI's industry-leading inference stack with Nebius's global capacity
Jointly optimized endpoints achieved top rankings on Artificial Analysis across multiple models
Eigen AI's founding team, including MIT HAN Lab researchers, will establish Nebius’s Bay Area engineering and research presence
Nebius (NASDAQ: NBIS), the AI cloud company, today announced an agreement to acquire Eigen AI, a leading inference and model optimization company.
The acquisition will strengthen Nebius Token Factory as a frontier managed inference platform for production AI, combining a battle-tested optimization stack with Nebius’s global compute capacity and AI cloud platform, and will add elite inference research talent to the company’s established in-house AI R&D capabilities.
Following close, Eigen AI’s inference and post-training optimization layers will be integrated directly into Nebius Token Factory, which provides enterprise-grade autoscaling endpoints and fine-tuning pipelines across all major open-source models. The two companies have already delivered jointly optimized implementations of leading open source models that ranked among the fastest on Artificial Analysis.
The acquisition also accelerates Nebius’s expansion in the US. Eigen AI’s founding team – researchers who have developed optimization techniques and tools the industry runs on – will join Nebius to establish a Nebius engineering and research presence in the San Francisco Bay Area.
Roman Chernin, co-founder and Chief Business Officer of Nebius, said:
“We are operating in a capacity-scarcity world where AI builders need optimized inference and infrastructure scale. The integration of Eigen AI’s optimization capabilities and founding team will establish Nebius Token Factory at the frontier of inference, offering customers market-leading model performance and unit economics with massive compute capacity to back it at scale.”
Eigen AI’s founding team brings deep expertise from research that shapes how the industry deploys inference today. Co-founders Ryan Hanrui Wang and Wei-Chen Wang are alumni of MIT’s HAN Lab, led by Professor Song Han, a pioneering researcher in AI computing and model efficiency.
Ryan’s pioneering Sparse Attention (SpAtten) work is the most-cited HPCA paper since 2020, while Wei-Chen received the MLSys 2024 Best Paper Award for Activation-Aware Weight Quantization (AWQ) – now the standard for 4-bit model serving in production deployments. Co-founder Di Jin, an MIT CSAIL PhD, brings deep expertise in post-training and large-scale model alignment, having contributed to Meta's Llama 3 and Llama 4 post-training and co-authored the CGPO RLHF framework.
Ryan Hanrui Wang, co-founder and CEO of Eigen AI, said:
“We’re proud to join Nebius and work alongside the Token Factory team to push the boundaries of inference performance. Nebius has built a world-class AI cloud with a deep engineering culture that perfectly aligns with our own. Together, we are removing the friction of AI model customization and deployment so developers can run models reliably in production without managing the underlying infrastructure.”
Inference is now the fastest-growing segment of AI, forecast to account for about two-thirds of compute demand this year. Open-source model usage is rising alongside it. With more workloads moving into production, the system optimization layer is becoming critical infrastructure.
Running inference efficiently in production is inherently complex and requires deep expertise across the entire execution stack, from how models are represented, to how GPU kernels execute them, to how workloads are scheduled in real time.
Open-source models typically ship unoptimized, and newer architectures such as Mixture-of-Experts (MoE), Compressed Sparse Attention (CSA), reasoning, and long-context models introduce additional challenges around memory, routing, and compute efficiency. Most teams do not have the capacity to solve these problems in-house.
Eigen AI addresses this challenge with a full-stack optimization approach that spans the entire model lifecycle – from post-training and fine-tuning to production inference optimization, across all major open-source models in production demand, including GPT-OSS, Gemma, Qwen, Llama, Nemotron, DeepSeek, GLM, Kimi and MiniMax.
By integrating Eigen AI’s optimization layer directly into Nebius Token Factory, Nebius removes this bottleneck across the lifecycle. The system-, model-, and kernel-level techniques developed by the Eigen team are designed to extract materially better performance from hardware out of the box, delivering higher throughput and lower cost per inference without additional engineering overhead.
As a result, Nebius Token Factory customers will benefit from faster time to production, significantly better unit economics, and the ability to adopt new models more quickly. Existing Eigen AI customers will gain access to Nebius’s global AI infrastructure and platform capabilities.
The deal consideration will be paid in a combination of cash and Nebius’s Class A shares with aggregate value as of signing, based on Nebius’s 30-day weighted average stock price, of approximately $643 million, subject to adjustments. The transaction is expected to close in the coming weeks, subject to certain customary conditions, including antitrust clearance.
About Nebius
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future – from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents and services worldwide.
Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam. For more information please visit www.nebius.com.
Disclaimer
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our ability to complete the Eigen AI acquisition and our ability to integrate the Eigen AI team and to achieve the synergies and other benefits anticipated, are forward-looking statements. The words "anticipate," "believe," "continue," "estimate," "expect," "guide," "intend," "likely," "may," "will" and similar expressions and their negatives are intended to identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: risks associated with acquisitions and the integration of businesses and teams; market, macroeconomic and geopolitical conditions; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; as well as those risks and uncertainties related to our continuing businesses included under the captions "Risk Factors" and "Operating and Financial Review and Prospects" in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission on April 30, 2025.
All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260501259620/en/
Media relations: media@nebius.com
Investor relations: askIR@nebius.com
Original: Nebius Agrees to Acquire Eigen AI, Strengthening Nebius Token Factory as a Frontier Inference Platform
US Market News
2月前
Nebius to Construct 310 MW AI Factory in FinlandMarch 31, 2026 3:54 AM
Business Wire
New Lappeenranta facility will be one of Europe’s largest deployments of AI compute
Contributes to Nebius’s 2026 target of securing more than 3 GW of contracted power
Nebius, the AI cloud company, today announced the construction of a new AI factory in the Finnish city of Lappeenranta with capacity of up to 310 MW.
The first capacity from the Lappeenranta AI factory is expected to be available to customers in 2027, and it will be one of Europe’s largest dedicated AI factories when fully deployed.
The construction of the Lappeenranta AI factory follows Nebius’s recent expansion of its first Finnish data center in Mäntsälä up to 75 MW, completed earlier this year. The company plans to expand further in Finland in future as it continues its global capacity build-out.
Arkady Volozh, founder and CEO of Nebius, said:
“We have been building in Finland for many years and are pleased to be expanding our presence here. Lappeenranta represents a significant addition to our global AI infrastructure build-out, and will make a significant contribution to achieving our capacity goals.”
Nebius is building one of the largest footprints of purpose-built AI compute globally, and is targeting more than 3 GW of contracted power by the end of 2026. As part of this, the company recently secured approval for its first gigawatt-scale AI factory in Independence, Missouri.
In the EMEA region, the company has already secured more than 750 MW of contracted power across its own sites and colocations. In addition to its Finnish locations, Nebius is building an AI factory near Lille, France, that will have capacity of 240 MW when fully deployed.
As global demand for high-performance compute for AI training and inference continues to accelerate, Nebius’s AI factories will serve AI builders with the latest Blackwell and Rubin generations of NVIDIA accelerated compute. The Mäntsälä facility houses Europe’s first operational deployment of the NVIDIA GB300 NVL72 platform, and Nebius intends to offer the NVIDIA Vera Rubin NVL72 platform starting later this year.
The Lappeenranta AI factory is a multi-building campus on a ca. 100-acre industrial site, and will bring substantial economic and employment benefits to the South Karelia region of Finland. The construction phase is expected to create up to 700 skilled construction jobs, mostly sourced in the Lappeenranta area, with around 100 permanent positions once the data center is operational, as well as hundreds of indirect employment opportunities for operations and maintenance.
City of Lappeenranta Mayor Tuomo Sallinen welcomed the announcement:
“Lappeenranta offers an increasingly attractive environment for innovation, with our universities playing a key role in developing top talent tailored to the needs of high-tech industries. The new data center will position our city at the forefront of Finland’s AI ecosystem and help meet Europe’s growing demand for artificial intelligence for decades to come. We’re proud that this project is being realized in Lappeenranta and in Finland, built sustainably on clean energy and driven largely by Finnish expertise.”
Nebius is actively exploring partnerships with local academic institutions via Nebius Academy to upskill local residents in AI expertise, develop the talent pipeline, and support long-term innovation and economic development in the region.
Sustainability will be a key design principle for the Lappeenranta AI factory, building on Nebius’s track record Mäntsälä, where its data center design ranks among the most energy-efficient facilities globally. Electricity sourcing will reflect Nebius’s predominantly low-carbon energy mix.
Servers will be cooled using a closed-loop liquid cooling system, eliminating the need for the AI factory to rely on water intake from local supplies and thus keeping water consumption to a minimum. As in Mäntsälä, the cooling system will be designed to integrate a heat recovery system, opening the opportunity for excess server heat to be donated to the local district heating network. In Mäntsälä, this approach avoided approximately 4,000 tonnes of CO2e emissions associated with heat production in 2025 and reduced heating costs for connected households by around 10%.
About Nebius
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment.
Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents, and services worldwide.
Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam. For more information please visit www.nebius.com.
Disclaimer
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our future financial and business performance, strategy, expected growth, planned investments and capital expenditures, capacity expansion plans, anticipated future financing transactions and expected financial results, are forward-looking statements. The words “anticipate, ” “believe, ” “continue, ” “estimate, ” “expect, ” “guide, ” “intend, ” “likely, ” “may, ” “will” and similar expressions and their negatives are intended to identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; our ability to build, operate and manage our businesses to the desired scale; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; our ability to develop, construct, operate and deliver data center capacity on a timely basis; the availability of and authorization to use su?cient and reliable power; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions “Risk Factors” and “Operating and Financial Review and Prospects” in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on April 30, 2025, which is available on our investor relations website at https://nebius.com/investor-hub and on the SEC website at www.sec.gov.
All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260331110969/en/
Media Relations media@nebius.com
Investor Relations askIR@nebius.com
Original: Nebius to Construct 310 MW AI Factory in Finland
US Market News
2月前
Nebius AI Cloud 3.5 Introduces Serverless AI to Give Developers Frictionless Compute for Real-World AIMarch 26, 2026 12:42 PM
Business Wire
Latest “Aether” platform update enables teams to build, run and scale AI workloads without managing infrastructure
Addition of NVIDIA RTX PRO™ 6000 Blackwell Server Edition GPU and Nebius’s Data Transfer Service simplify real-world AI deployment
Nebius today unveiled Nebius AI Cloud 3.5, adding significant new capabilities to its full-stack cloud platform that reduce operational friction and enable AI builders to prototype, test, and ship products faster.
The introduction of serverless features gives developers the ability to launch workloads almost instantly, eliminating the need for AI teams to spend significant time configuring infrastructure before they can run experiments, train or serve models in production. Infrastructure configuration and runtime management are handled by the Nebius platform, enabling developers to focus on building applications instead of managing environments.
Alongside serverless capabilities, Nebius is expanding its GPU offering with NVIDIA RTX PRO 6000 Blackwell Server Edition for a range of workloads including AI inference, industrial robotics, physical AI simulations, visual computing, and drug discovery.
Version 3.5 of Nebius AI Cloud “Aether” also introduces Nebius’s Data Transfer Service, which reduces data management overhead for teams working across environments by simplifying data migration and replication between external S3-compatible storage systems and Nebius cloud regions.
Configuration setup for Managed Soperator, Nebius’s fully managed Slurm-on-Kubernetes solution, has also been overhauled to offer more options and granularity when creating a Slurm cluster for self-service users. Managed Kubernetes observability has also been updated to give teams additional cluster-level control.
The AI application marketplace has also been redesigned to help users access faster tools, models and applications required in their workflows.
Other updates in Aether 3.5 include improved user administration and role-based permissions, making it easier for organizations to manage access across teams. New public APIs for billing data streamline the export process for finance and operations teams.
All the new features that the Aether 3.5 release delivers are available now on the global Nebius AI Cloud infrastructure, with the serverless service available in public preview. NVIDIA RTX PRO 6000 Blackwell Server Edition is available today.
Nebius AI Cloud Aether 3.5 — at a glance
Serverless AI
Elastic, pay-as-you-go compute accelerated by NVIDIA
Simplified access to AI workloads without managing infrastructure
Designed for prototyping, experimentation, and model inference evaluation
NVIDIA RTX PRO 6000 Blackwell Server Edition
GPU option designed for a range of workloads including AI inference, industrial robotics, physical AI simulations, visual computing, engineering research, and drug discovery
Enables cost-efficient AI inference and simulation-heavy workloads
Data Transfer Service
User-friendly tool for data transfer and replication across Nebius regions and S3-compatible object storage services
Managed Soperator
An updated cluster configuration wizard for Nebius’ fully managed Slurm-on-Kubernetes solution
Platform enhancements
Updated navigation for the AI/ML application marketplace
Improved disk encryption, boot image management, and Kubernetes-level observability
Expanded controls for user administration and role-based permissions
Public API for exporting billing data in standardized formats
Additional resources
Blog post from our Product Management team
Blog post on NVIDIA RTX PRO
Blog post on our new serverless AI
Webinar and live Q&A registration
About Nebius
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents and services worldwide.
Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam.
For more information please visit www.nebius.com
Disclaimer
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our future financial and business performance, strategy, expected growth, planned investments and capital expenditures, capacity expansion plans, anticipated future financing transactions and expected financial results, are forward-looking statements. The words “anticipate, ” “believe, ” “continue, ” “estimate, ” “expect, ” “guide, ” “intend, ” “likely, ” “may, ” “will” and similar expressions and their negatives are intended to identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; our ability to build, operate and manage our businesses to the desired scale; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions “Risk Factors” and “Operating and Financial Review and Prospects” in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on April 30, 2025, which is available on our investor relations website at https://nebius.com/investor-hub and on the SEC website at www.sec.gov.
All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260326483373/en/
Media relations: media@nebius.com
Investor relations: askIR@nebius.com
Original: Nebius AI Cloud 3.5 Introduces Serverless AI to Give Developers Frictionless Compute for Real-World AI
US Market News
3月前
Nebius Group Announces Closing of Private Offering of Convertible Senior Notes, With Aggregate Gross Proceeds of Approximately $4.3 BillionMarch 23, 2026 3:31 AM
Business Wire
Nebius Group N.V. (“Nebius Group” or the “Company”; NASDAQ: NBIS), a leading AI infrastructure company, today announced the closing of its previously announced offering of convertible senior notes, in two series: 1.250% convertible notes due 2031 (the “2031 Notes”) and 2.625% convertible notes due 2033 (the “2033 Notes”, and together with the 2031 Notes, the “Notes”), in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The initial purchaser exercised in full its option to purchase an additional $337.5 million aggregate original principal amount of 2031 Notes. Accordingly, the aggregate original principal amount of the 2031 Notes is $2.5875 billion, the aggregate original principal amount of the 2033 Notes to date is $1.75 billion, and the total aggregate original principal amount of the Notes to date is $4.3375 billion. The initial purchaser continues to have an overallotment option to purchase, for settlement within a period of 13 days from, and including, March 20, 2026, up to an additional $262.5 million aggregate original principal amount of 2033 Notes.
As previously stated, the Company intends to use the net proceeds from the offering of the Notes to finance expenditures related to the construction and build-out of its data centers, investments to develop its full-stack AI cloud, the expansion of its data center footprint and the procurement of key components (including GPUs), and for general corporate purposes.
Information about the terms of the Notes can be found in the Company’s Report on Form 6-K filed with the Securities and Exchange Commission (“SEC”) on March 18, 2026.
This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Nebius
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents, and services worldwide.
Nebius Group also includes Avride (a leading developer of autonomous vehicles and delivery robots) and TripleTen (a leading edtech platform reskilling people for careers in tech) and owns equity stakes in other companies including ClickHouse and Toloka.
Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam.
For more information please visit www.nebius.com
Disclaimer
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our ability to successfully complete the offering described herein, our future financial and business performance, strategy, expected growth, planned investments and capital expenditures, capacity expansion plans, anticipated future financing transactions and expected financial results, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “guide,” “intend,” “likely,” “may,” “will” and similar expressions and their negatives are intended to identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; our ability to build, operate and manage our businesses to the desired scale; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions “Risk Factors” and “Operating and Financial Review and Prospects” in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on April 30, 2025.
All information in this press release is as of March 20, 2026 (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260323990249/en/
Media relations: media@nebius.com
Investor relations: askIR@nebius.com
Original: Nebius Group Announces Closing of Private Offering of Convertible Senior Notes, With Aggregate Gross Proceeds of Approximately $4.3 Billion
US Market News
3月前
Nebius Group Announces Pricing of Upsized Private Offering of $4.0 Billion of Convertible Senior NotesMarch 18, 2026 8:06 AM
Business Wire
Nebius Group N.V. (“Nebius Group” or the “Company”; NASDAQ: NBIS), a leading AI infrastructure company, today announced the pricing of its offering of $4.0 billion aggregate original principal amount of convertible senior notes, in two series: $2.25 billion aggregate original principal amount of 1.250% convertible notes due 2031 (the “2031 Notes”) and $1.75 billion aggregate original principal amount of 2.625% convertible notes due 2033 (the “2033 Notes”, and together with the 2031 Notes, the “Notes”), in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering was upsized from the previously announced offering size of $3.75 billion aggregate original principal amount of the Notes. The issuance and sale of the Notes are expected to settle on March 20, 2026, subject to customary closing conditions. Nebius Group has also granted the initial purchaser an overallotment option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $337.5 million aggregate original principal amount of 2031 Notes and up to an additional $262.5 million aggregate original principal amount of 2033 Notes.
The Company estimates that the net proceeds from the offering of the Notes will be approximately $3.96 billion (or approximately $4.55 billion if the initial purchaser fully exercises its option to purchase additional notes), after deducting the initial purchaser’s discounts and commissions and estimated offering expenses.
The Company intends to use the net proceeds from the offering of the Notes to finance expenditures related to the construction and build-out of its data centers, investments to develop its full-stack AI cloud, the expansion of its data center footprint and the procurement of key components (including GPUs), and for general corporate purposes.
The Notes will be issued pursuant to respective indentures (the “Indentures”) between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”). The Notes will be senior, unsecured obligations of the Company and will bear interest on the original principal amount thereof at an annual rate of 1.250%, in the case of the 2031 Notes, and 2.625%, in the case of the 2033 Notes, payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2026.
The initial conversion rate for the 2031 Notes is 5.4579 of the Company's Class A ordinary shares, par value €0.01 (“Class A shares”) per $1,000 original principal amount of Notes, which represents an initial conversion price of approximately $183.22 per Class A share. The initial conversion price of the 2031 Notes represents a premium of approximately 57.5% over the last reported sale price of $116.33 per share of the Company’s Class A Shares on Nasdaq on March 17, 2026. The initial conversion rate for the 2033 Notes is 5.5460 Class A shares per $1,000 original principal amount of Notes, which represents an initial conversion price of approximately $180.31 per Class A share. The initial conversion price of the 2033 Notes represents a premium of approximately 55.0% over the last reported sale price of $116.33 per share of the Company’s Class A Shares on Nasdaq on March 17, 2026. The conversion rate and conversion price of each series of Notes will be subject to adjustment upon the occurrence of certain events. For conversions made in connection with a “make-whole fundamental change”, as defined in the respective Indenture, the conversion rate will be increased based on a customary make-whole table. For the avoidance of doubt, for the purposes of the exercise of any conversion rights in respect of the Notes, the conversion rate and conversion price will be based on the original principal amount of Notes, and not the Accreted Principal Amount (as defined below).
The 2031 Notes and the 2033 Notes will mature, and the original principal amount of such Notes plus an amount accreted thereon (together, the “Accreted Principal Amount” in respect of the relevant series of Notes) will be payable, on March 15, 2031 and March 15, 2033, respectively, unless the relevant Notes have been earlier repurchased, redeemed or converted in accordance with their terms. The Accreted Principal Amount for the relevant series of Notes will be calculated in accordance with an accretion schedule to be included in the respective Indenture such that, in each case, it reaches 120% of the original principal amount of the respective series of Notes on the respective maturity date. For the avoidance of doubt, for the purposes of the exercise of any conversion rights in respect of the Notes, the conversion rate and conversion price will be based on the original principal amount of the Notes and not the Accreted Principal Amount.
Taking into account the Accreted Principal Amount payable at the respective maturity date, the effective conversion price of the 2031 Notes is equal to approximately $219.86 per Class A share at maturity, implying an effective conversion premium of approximately 89.0%, and the effective conversion price of the 2033 Notes is equal to approximately $216.37 per Class A share at maturity, implying an effective conversion premium of approximately 86.0%.
Prior to the close of business on the business day immediately before the date that is two months prior to the respective maturity date of each series of Notes, the Notes of such series will be convertible only upon satisfaction of certain conditions and during certain periods, including if the last reported sale price of the Class A shares over a specified period of time is equal to or greater than 130% of the product of the conversion price for the relevant series of the notes and the then-applicable ratio of the Accreted Principal Amount at the time to the original principal amount of the Notes (the “Accretion Ratio”). From the date that is two months prior to the respective maturity date of each series of Notes, the Notes of such series will be convertible at any time at the election of the holders of such Notes until the close of business on the second scheduled trading day immediately preceding the respective maturity date. The Company will settle conversions of the Notes by paying or delivering, as applicable, cash, Class A shares or a combination of cash and Class A shares, at the Company’s election (subject to certain conditions related to Dutch tax laws).
We may not redeem the Notes prior to March 20, 2029, in the case of the 2031 Notes, and March 20, 2030, in the case of the 2033 Notes, except in the event of certain tax law changes. The respective series of the Notes will be redeemable, in whole or in part (subject to certain limitations), for cash on or after March 20, 2029, in the case of the 2031 Notes, and March 20, 2030, in the case of the 2033 Notes, and on or before the 30th scheduled trading day immediately before the relevant maturity date, but only if the last reported sale price per Class A share is equal to or exceeds 130% of the product of the conversion price for the relevant series of Notes and the then-applicable Accretion Ratio for such series of Notes for a specified period of time. The redemption price for the relevant series of Notes will be equal to the Accreted Principal Amount as of the redemption date of the Notes being redeemed, plus accrued and unpaid interest, if any, on the original principal amount thereof to, but excluding, the redemption date. Following delivery of a redemption notice by the Company in respect of a series of the Notes, holders of the Notes of such series will have the right, at their option, to convert their Notes prior to the close of business on the second business day immediately preceding the redemption date, at the conversion rate applicable at the time. No make-whole adjustments to the conversion rate will be made in connection with any optional redemption or tax redemption.
If certain corporate events that constitute a “fundamental change” occur, then, subject to a limited exception, noteholders may require the Company to repurchase their Notes for cash. The repurchase price will be equal to the Accreted Principal Amount of the relevant series of Notes to be repurchased as of the fundamental change repurchase date, plus accrued and unpaid interest, if any, on the original principal amount thereof to, but excluding, such repurchase date.
The offer and sale of the Notes and any Class A shares deliverable upon conversion of the Notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the Notes and any such Class A shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws.
This press release does not and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any offer, solicitation or sale of such securities in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful.
About Nebius Group
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents, and services worldwide.
Nebius Group also includes Avride (a leading developer of autonomous vehicles and delivery robots) and TripleTen (a leading edtech platform reskilling people for careers in tech) and owns equity stakes in other companies including ClickHouse and Toloka.
Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam.
For more information please visit www.nebius.com
Disclaimer
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our ability to successfully complete the offering described herein, our future financial and business performance, strategy, expected growth, planned investments and capital expenditures, capacity expansion plans, anticipated future financing transactions and expected financial results, are forward-looking statements. The words “anticipate, ” “believe, ” “continue, ” “estimate, ” “expect, ” “guide, ” “intend, ” “likely, ” “may, ” “will” and similar expressions and their negatives are intended to identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; our ability to build, operate and manage our businesses to the desired scale; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions “Risk Factors” and “Operating and Financial Review and Prospects” in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) on April 30, 2025.
All information in this press release is as of March 17, 2026 (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260318639263/en/
Media relations: media@nebius.com
Investor relations: askIR@nebius.com
Original: Nebius Group Announces Pricing of Upsized Private Offering of $4.0 Billion of Convertible Senior Notes
US Market News
3月前
Nebius Gives VC-Backed Growth-Stage Companies a Fast Track to Enterprise Adoption in Collaboration with NVIDIAMarch 17, 2026 9:54 AM
Business Wire
Enterprise Readiness Initiative brings together the Nebius Token Factory inference platform and NVIDIA inference platform to help AI-native companies optimize their products for the enterprise
Insight Partners, Accel, and Fellows Fund are launch partners for the program
Nebius announced the Enterprise Readiness Initiative, a hands-on acceleration program to help AI-native startups scale their products to win enterprise customers in collaboration with NVIDIA.
Launched in partnership with Insight Partners, Accel, and Fellows Fund, the program pairs engineering teams from VC portfolio companies with Nebius engineers, as well as expertise from NVIDIA, to get their products running reliably and securely at enterprise scale.
For most AI-native companies, enterprise adoption hinges on demonstrating products that meet enterprise expectations for performance, security and compliance. They also have to ensure their products can be delivered at scale, with sustainable unit economics. This joint program helps teams prove both before entering enterprise sales cycles.
Over an intensive engagement of up to six weeks, teams optimize inference performance and economics using Nebius Token Factory accelerated by NVIDIA inference platform — compliant, managed, purpose-built AI infrastructure that they don’t have to build or source themselves.
Roman Chernin, co-founder and Chief Business Officer at Nebius, said:
“We’re now in an era of new ISVs and AI-native product companies growing at the speed of light. Most of them critically need hands-on support and infrastructure expertise at the scaling stage to build sustainable, economical growth and win in the enterprise market. That's what this program delivers – working directly with NVIDIA and Nebius engineers on your actual workloads, not hypotheticals."
From term sheet to production: Why leading VCs are leaning in
Leading venture capital firms are leaning into the Enterprise Readiness Initiative to offer their portfolio companies an opportunity to gain a structural advantage at the point where many AI projects stall.
“As AI-first companies move from experimentation to deployment, the steps from prototype to production are where many promising teams can encounter significant friction. The Enterprise Readiness Initiative offers startups access to strong infrastructure and engineering expertise, helping them operationalize AI product delivery at enterprise scale with confidence.”
– George Mathew, Managing Director at Insight Partners
“Enterprise customers are raising the bar quickly. It’s no longer enough for AI startups to show what a model can do — they need to demonstrate predictable performance, cost efficiency, and operational maturity at scale. That transition is a critical and often fragile moment in a company’s lifecycle. Having direct access to the combined engineering depth of NVIDIA and Nebius gives our portfolio companies the infrastructure foundation and guidance they need to navigate that inflection point with confidence — and avoid the missteps that can slow or stall enterprise momentum.”
– Matt Weigand, Partner at Accel
“Early AI startups are moving incredibly fast. They can’t afford to lose momentum solving infrastructure challenges that aren’t core to their product vision. This initiative allows our portfolio companies to stay focused on building differentiated products, while ensuring they’re running on infrastructure that meets the standards enterprise customers expect.”
– Alex Ren, Founding Partner at Fellows Fund
Program details
Participating companies in the Enterprise Readiness Initiative receive direct access to the Nebius engineering team with expertise and support from NVIDIA, the NVIDIA accelerated computing, and the Nebius Token Factory platform.
The program is structured around four workstreams:
Workload assessment: identifying high-impact inference workloads and optimization opportunities using open-source models;
Inference optimization: improving latency, throughput, reliability, and economics;
Enterprise validation: verifying security, compliance, and operational requirements;
Production readiness: preparing systems, teams, and workflows to operate reliably at scale.
In addition to engineering support, participants receive strategic visibility through the Nebius ecosystem, and go-to-market enablement to support adoption by enterprise customers.
About Nebius
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents, and services worldwide.
Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam.
For more information please visit www.nebius.com
Disclaimer
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our future financial and business performance, strategy, expected growth, planned investments and capital expenditures, capacity expansion plans, anticipated future financing transactions and expected financial results, are forward-looking statements. The words “anticipate, ” “believe, ” “continue, ” “estimate, ” “expect, ” “guide, ” “intend, ” “likely, ” “may, ” “will” and similar expressions and their negatives are intended to identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; our ability to build, operate and manage our businesses to the desired scale; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions “Risk Factors” and “Operating and Financial Review and Prospects” in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on April 30, 2025, which is available on our investor relations website at https://nebius.com/investor-hub and on the SEC website at www.sec.gov.
All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260317623683/en/
Media relations: media@nebius.com
Investor relations: askIR@nebius.com
Original: Nebius Gives VC-Backed Growth-Stage Companies a Fast Track to Enterprise Adoption in Collaboration with NVIDIA
US Market News
3月前
Nebius Group Announces Proposed Private Offering of $3.75 Billion of Convertible Senior NotesMarch 17, 2026 8:44 AM
Business Wire
Nebius Group N.V. (“Nebius Group” or the “Company”; NASDAQ: NBIS), a leading AI infrastructure company, today announced its intention to offer, subject to market and other conditions, $3.75 billion aggregate original principal amount of convertible senior notes, in two series: $2.0 billion aggregate original principal amount of convertible notes due 2031 (the “2031 Notes”) and $1.75 billion aggregate original principal amount of convertible notes due 2033 (the “2033 Notes”, and together with the 2031 Notes, the “Notes”), in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Nebius Group also expects to grant the initial purchaser of the Notes an over-allotment option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $300 million aggregate original principal amount of 2031 Notes and up to an additional $262.5 million aggregate original principal amount of 2033 Notes.
The Company intends to use the net proceeds from the offering of the Notes to finance the continuing growth of its business, including expenditures related to the construction and build-out of its data centers, investments to develop its full-stack AI cloud, the expansion of its data center footprint and the procurement of key components (including GPUs), and for general corporate purposes.
The Notes will be issued pursuant to respective indentures (the “Indentures”) between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”). The Notes will be senior, unsecured obligations of the Company and will bear interest on the original principal amount thereof, payable semi-annually in arrears. Noteholders will have the right to convert their Notes in certain circumstances and during specified periods. The Company will settle conversions by paying or delivering, as applicable, cash or the Company’s Class A ordinary shares, par value €0.01 (“Class A shares”) or a combination of cash and Class A shares, at the Company’s election (subject to certain conditions related to Dutch tax laws).
The 2031 Notes and the 2033 Notes will mature, and the original principal amount of such Notes plus an amount accreted thereon (together, the “Accreted Principal Amount” in respect of the relevant series of Notes) will be payable, on March 15, 2031 and March 15, 2033, respectively, unless the relevant Notes have been earlier repurchased, redeemed or converted in accordance with their terms. The Accreted Principal Amount for the relevant series of Notes will be calculated in accordance with an accretion schedule to be included in the respective Indenture such that, in each case, it reaches 120% of the original principal amount of the respective series of Notes on the respective maturity date. For the avoidance of doubt, for the purposes of the exercise of any conversion rights in respect of the Notes, the conversion rate and conversion price will be based on the original principal amount of the Notes and not the Accreted Principal Amount.
We may not redeem the Notes prior to March 20, 2029, in the case of the 2031 Notes, and March 20, 2030, in the case of the 2033 Notes, except in the event of certain tax law changes. The Notes will be redeemable, in whole or in part (subject to certain limitations), for cash on or after March 20, 2029, in the case of the 2031 Notes, and March 20, 2030, in the case of the 2033 Notes, on or before the 30th scheduled trading day immediately before the relevant maturity date, but only if the last reported sale price per Class A share is equal to or exceeds 130% of the product of the conversion price for the relevant series of Notes and the then applicable accretion ratio for such series of Notes for a specified period of time. The redemption price for the relevant series of Notes will be equal to the Accreted Principal Amount as of the redemption date of the Notes being redeemed, plus accrued and unpaid interest, if any, on the original principal amount thereof to, but excluding, the redemption date. Following delivery of a redemption notice by the Company in respect of a series of the Notes, holders of the Notes of such series will have the right, at their option, to convert their Notes prior to the close of business on the second business day immediately preceding the redemption date, at the conversion rate applicable at the time. No make-whole adjustments to the conversion rate will be made in connection with any optional redemption or tax redemption.
If certain corporate events that constitute a “fundamental change” occur, then, subject to a limited exception, noteholders may require the Company to repurchase their Notes for cash. The repurchase price will be equal to the Accreted Principal Amount of the relevant series of Notes to be repurchased as of the fundamental change repurchase date, plus accrued and unpaid interest, if any, on the original principal amount thereof to, but excluding, such repurchase date.
The interest rate, initial conversion rate and other terms for each series of Notes will be determined at the pricing of the offering.
The offer and sale of the Notes and any Class A shares deliverable upon conversion of the Notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the Notes and any such Class A shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws.
This press release does not and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any offer, solicitation or sale of such securities in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful.
This press release contains information about the proposed offering of the Notes, and there can be no assurance that the offering of the Notes will be completed.
About Nebius Group
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents, and services worldwide.
Nebius Group also includes Avride (a leading developer of autonomous vehicles and delivery robots) and TripleTen (a leading edtech platform reskilling people for careers in tech) and owns equity stakes in other companies including ClickHouse and Toloka.
Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam.
For more information please visit www.nebius.com
Disclaimer
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our ability to successfully complete the offering described herein, our future financial and business performance, strategy, expected growth, planned investments and capital expenditures, capacity expansion plans, anticipated future financing transactions and expected financial results, are forward-looking statements. The words “anticipate, ” “believe, ” “continue, ” “estimate, ” “expect, ” “guide, ” “intend, ” “likely, ” “may, ” “will” and similar expressions and their negatives are intended to identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; our ability to build, operate and manage our businesses to the desired scale; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions “Risk Factors” and “Operating and Financial Review and Prospects” in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) on April 30, 2025.
All information in this press release is as of March 17, 2026 (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260317324208/en/
Media relations: media@nebius.com
Investor relations: askIR@nebius.com
Original: Nebius Group Announces Proposed Private Offering of $3.75 Billion of Convertible Senior Notes
US Market News
3月前
Nebius Teams With NVIDIA to Build Cloud for Robotics and Physical AIMarch 17, 2026 3:04 AM
Business Wire
Nebius has integrated the NVIDIA Physical AI Data Factory Blueprint into Nebius’s global scale AI infrastructure
Early developers including RoboForce and Milestone Systems are already cutting iteration cycles from weeks to days
Voxel51, Nebius and NVIDIA technologies enable Porsche Engineering and other AV companies to accelerate synthetic data generation pipelines
Nebius (NASDAQ: NBIS), the AI cloud company, today announced it is collaborating with NVIDIA to accelerate physical AI development with an end-to-end platform purpose-built for the full robotics lifecycle, from simulation and training to real-world deployment at scale.
Combining Nebius’s global AI cloud infrastructure with the NVIDIA Physical AI Data Factory Blueprint, an open reference architecture for massive data generation and evaluation, Nebius will provide robotics developers and enterprises an agent-driven environment that addresses the two fundamental barriers to physical AI at scale: infrastructure and tooling fragmentation, and the lack of high-quality training data for rare, unpredictable scenarios that determine real-world success.
“Physical AI is going to be one of the defining technology shifts of this decade, and the teams building it today are being held back by infrastructure and tooling that was never designed for those workloads,” said Evan Helda, Head of Physical AI at Nebius. “Working with NVIDIA, we are building the execution layer for the entire physical AI ecosystem — so that any team, anywhere, can go from idea to deployed robot at the speed the market demands.”
“Physical AI is the next phase of computing — where intelligence is trained, tested and validated in simulation before it operates in the real world,” said Rev Lebaredian, VP of Omniverse and simulation technologies at NVIDIA. “That demands tightly integrated systems connecting large-scale AI training with physically accurate simulation to create a continuous data flywheel. By integrating the NVIDIA Physical AI Data Factory Blueprint, Nebius is enabling developers to generate physics-grounded synthetic data and build safe, robust autonomous machines at scale.”
Solving physical AI’s three-computer problem
Building physical AI at scale means operating across three distinct environments — large-scale GPU training, simulation testing, and edge deployment — each with its own infrastructure and tooling. Engineering teams routinely spend 30–40% of their time on integration work rather than improving robot behaviour.
Real-world training data compounds the challenge: it is expensive and dangerous to collect, inconsistent across companies, and never sufficient to cover the long-tail edge cases that determine whether a robot succeeds or fails in the field.
The Nebius cloud solution for physical AI addresses both challenges. NVIDIA OSMO — delivered as an easy-to-consume managed service — provides unified, agentic orchestration across the entire pipeline. NVIDIA Cosmos open world foundation models generate large-scale, physics-consistent synthetic data that bridges the gap that real-world collection cannot close.
The whole stack runs on Nebius AI Cloud — purpose-built infrastructure combining NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs, high-throughput object storage, integrated data management and labelling, serverless features and managed inference directly within the platform — so teams can consume it as a service, without having to provision clusters or manage integrations.
Beyond large-scale simulation and training, Nebius extends the robotics lifecycle into production with serverless and managed inference services, including Nebius Token Factory, enabling teams to deploy and scale trained policies with low-latency execution from cloud to edge.
The result is a complete managed physical AI runtime, from synthetic data generation to real-world inference, delivered through a tightly integrated platform that can be consumed as a service.
Leading physical AI companies building the future with Nebius and NVIDIA
RoboForce builds AI robots for unstructured outdoor environments — solar farms, construction sites, agricultural fields — where encountering rare edge cases is a daily reality. Using NVIDIA Cosmos open world foundation models on the Nebius cloud, RoboForce cut pipeline setup time by more than 70% and significantly accelerated the rate at which new policies reach production.
“Manual handoffs between data generation, simulation, and training means our GPUs can sit idle — costing us both time and money,” said Calvin Zhou, co-founder of RoboForce. “Using OSMO agentic orchestration, our engineers can push a single configuration file and run the entire pipeline end-to-end. We’re generating thousands of scenario variations with NVIDIA Cosmos on Nebius AI Cloud, powering our AI data flywheel and accelerating the development of our robot foundation model. This allows us to push hardened robot models straight to the edge and cut our iteration cycles from weeks to days.”
Voxel51, a physical AI data platform and key technology partner of Nebius, provides powerful data visualization, curation, annotation, and analysis capabilities for teams to build high-quality datasets for model training and simulations. By running FiftyOne workflows on Nebius GPU clusters, Voxel51 customers can curate, augment, and quality-check visual datasets at scale—reducing the time between data collection and model deployment.
“Data is the biggest determinant of computer vision success. As vision AI systems become more capable, the limiting factor is no longer algorithmic innovation, but the quality, coverage, and observability of the data used to train models,” said Brian Moore, CEO and co-founder of Voxel51. “Nebius gives our users the compute infrastructure for running complex data tasks such as auto labeling and generating novel scenes at the speed and scale needed by physical AI systems.”
Together with Nebius cloud for physical AI and NVIDIA technologies, Voxel51 is delivering a synthetic data generation pipeline for its customer, Porsche Engineering, to accelerate autonomous driving data augmentation workflows.
Milestone Systems, a global leader in intelligent video management software and the company behind the Hafnia platform for computer vision, selected Nebius to fine-tune its next-generation Vision-Language Models (VLMs). Milestone curates real-world video footage into compliant, annotated training data, then uses it to fine-tune NVIDIA Cosmos Reason into highly accurate, use-case specific VLMs. For this computationally intensive work Nebius provides sustained access to large GPU clusters, high-throughput data pipelines, and managed workflow orchestration that keeps training runs stable and cost-efficient.
“We evaluated several cloud providers, and Nebius offered the best combination of GPU availability, price-performance, and hands-on engineering support for our physical AI and VLM training workloads,” said Edward Mauser, Director of Hafnia at Milestone Systems. “We chose Nebius not just for their tech, but also for their commitment to data sovereignty — guaranteeing that European customers' data can remain within Europe.”
The Nebius cloud for physical AI is available now across Nebius data centers in the US and Europe. Visit http://nebius.com/solutions/phy to learn more, join our Physical AI session at GTC 2026, or schedule a demo at our GTC booth (Booth #713).
About Nebius
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents and services worldwide.
Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam.
For more information please visit www.nebius.com
Disclaimer
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our future financial and business performance, strategy, expected growth, planned investments and capital expenditures, capacity expansion plans, anticipated future financing transactions and expected financial results, are forward-looking statements. The words “anticipate, ” “believe, ” “continue, ” “estimate, ” “expect, ” “guide, ” “intend, ” “likely, ” “may, ” “will” and similar expressions and their negatives are intended to identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; our ability to build, operate and manage our businesses to the desired scale; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions “Risk Factors” and “Operating and Financial Review and Prospects” in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on April 30, 2025, which is available on our investor relations website at https://nebius.com/investor-hub and on the SEC website at www.sec.gov.
All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260317349719/en/
Media relations: media@nebius.com
Investor relations: askIR@nebius.com
Original: Nebius Teams With NVIDIA to Build Cloud for Robotics and Physical AI
US Market News
3月前
Nebius Signs New AI Infrastructure Agreement with MetaMarch 16, 2026 7:08 AM
Business Wire
Nebius Group N.V. (NASDAQ: NBIS), the AI cloud company, today announced a new long-term AI infrastructure supply agreement with Meta, strengthening the collaboration between the companies.
Under the five-year agreement, Nebius will provide $12 billion of dedicated capacity across multiple locations, based on one of the first large-scale deployments of the NVIDIA Vera Rubin platform. Nebius will deliver this capacity starting early 2027.
Furthermore, in connection with access to these NVIDIA Vera Rubin deployments, Meta has committed to purchase additional available compute capacity across certain upcoming Nebius clusters up to a total of $15 billion over a five-year period. Nebius currently intends to sell this capacity to third-party customers of its AI cloud business, with remaining capacity to be purchased by Meta.
The agreement has a contract value of up to approximately $27 billion.
Arkady Volozh, founder and CEO of Nebius, said:
“We are pleased to expand our significant partnership with Meta as part of securing more large, long-term capacity contracts to accelerate the build-out and growth of our core AI cloud business. We will continue to deliver.”
Nebius’s guidance for 2026 remains unchanged.
About Nebius
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents, and services worldwide.
Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam.
For more information please visit www.nebius.com
Disclaimer
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our future financial and business performance, strategy, expected growth, planned investments and capital expenditures, capacity expansion plans, anticipated future financing transactions and expected financial results, are forward-looking statements. The words “anticipate, ” “believe, ” “continue, ” “estimate, ” “expect, ” “guide, ” “intend, ” “likely, ” “may, ” “will” and similar expressions and their negatives are intended to identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; our ability to build, operate and manage our businesses to the desired scale; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions “Risk Factors” and “Operating and Financial Review and Prospects” in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on April 30, 2025, which is available on our investor relations website at https://nebius.com/investor-hub and on the SEC website at www.sec.gov.
All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260316469367/en/
Media relations: media@nebius.com
Investor relations: askIR@nebius.com
Original: Nebius Signs New AI Infrastructure Agreement with Meta
US Market News
3月前
Nebius Secures Approval for Its First Gigawatt-Scale AI FactoryMarch 4, 2026 2:00 AM
Business Wire
Approval by City Council of Independence, Missouri, enables Nebius to proceed with construction of its largest US AI factory to date
Nebius (Nasdaq: NBIS), the AI cloud company, today welcomed the Independence City Council’s vote to approve the Chapter 100 industrial development incentive plan for its planned AI factory campus.
The approval of the plan enables Nebius to proceed with the construction of the Independence AI factory, which has potential capacity of up to 1.2 GW.
“Independence will be our largest AI factory in the United States to date, and we are fully committed to making it a project the city is proud of,” said Arkady Volozh, CEO of Nebius. “This is our first project of this scale, but not the last.”
Nebius already operates in the Kansas City area and sees the Independence AI factory as central to its long-term growth in the US. The company is committed to operating transparently and has outlined plans to deliver benefits for local communities over the life of the project.
“We are building AI infrastructure at scale, and we are doing it in a way that genuinely works for the communities where we operate,” said John Sutter, VP US Public Affairs at Nebius. “We are grateful to everyone who supported this project, and we intend to earn the trust of all Independence residents — not through promises, but through results.”
The project — a multi-building campus on approximately 400 acres — is expected to create approximately 1,200 skilled construction jobs, mostly among local building trades, with around 130 permanent high-tech positions once the AI factory is fully operational.
The AI factory will include a closed-loop cooling system that keeps water consumption comparable to a restaurant or office building, and noise-reduction technology will be built in throughout. The campus connects to Independence Power & Light (IPL), the city’s municipally owned utility, and is structured so as not to increase residential power rates.
Under the approved agreement and associated tax incentive package, Nebius will make Payments in Lieu of Taxes (PILOT) projected to deliver over $650 million to the city, local school districts, and other taxing jurisdictions over the 20-year term.
Nebius has also committed to a broad community benefits plan, including STEM and AI literacy programs for local schools, workforce development, support for first responders, and the establishment of a Community Engagement Panel to maintain ongoing dialogue with Independence residents.
More information about the Nebius AI factory in Independence, Missouri, can be found at www.nebius-independencemo.com.
About Nebius
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents, and services worldwide.
Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam.
For more information please visit www.nebius.com.
Disclaimer
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our constructions plans at our Independence site and the exact specifications of that facility, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “guide,” “intend,” “likely,” “may,” “will” and similar expressions and their negatives are intended to identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; potential construction delays or complications; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions “Risk Factors” and “Operating and Financial Review and Prospects” in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) on April 30, 2025.
All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260303534373/en/
For media
media@nebius.com
For Independence residents
IndependenceMO@nebius.com
Original: Nebius Secures Approval for Its First Gigawatt-Scale AI Factory
US Market News
4月前
Nebius Reports Fourth Quarter and Full-Year 2025 Financial ResultsFebruary 12, 2026 8:34 AM
Business Wire
Nebius Group N.V. (NASDAQ: NBIS), the AI cloud company, today announced its unaudited financial results for the fourth quarter and full financial year ended December 31, 2025.
The Company today also published founder and CEO Arkady Volozh’s quarterly letter to shareholders, available on its investor relations website at https://nebius.com/investor-hub.
Management will hold an earnings webcast today at 8:00 a.m. Eastern Time (5:00 a.m. Pacific Time / 2:00 p.m. Central European Time). To register, or to listen to the live audio webcast, please visit https://nebius.com/investor-hub.
Q4 2025 Financial Highlights
Consolidated results (1), (2)
In USD $ millions
Three months ended December 31
Twelve months ended December 31
2024
2025
Change
2024
2025
Change
Revenues
35.2
227.7
547%
91.5
529.8
479%
Adjusted EBITDA / (loss)
(63.9)
15.0
n/m
(226.3)
(64.9)
-71%
Net income / (loss) from continuing operations
(122.9)
(249.6)
103%
(352.0)
29.0
n/m
Adjusted net loss
(69.0)
(173.0)
151%
(238.5)
(446.7)
87%
(1) The following measures presented in this release are “non-GAAP financial measures”: Adjusted EBITDA / (loss) and Adjusted net loss. Please see the section “Use of Non-GAAP Financial Measures” below for a discussion of how we define these measures, as well as reconciliations at the end of this release of each of these measures to the most directly comparable U.S. GAAP measures.
(2) Results include consolidated financial results of: Nebius, the core AI infrastructure business; Avride, an autonomous vehicle platform; and TripleTen, an edtech service. In Q2 2025 following the completion of the investment transaction in Toloka, an AI development platform, Nebius ceased to hold majority voting power in Toloka and no longer includes Toloka’s results in Nebius’ consolidated financial statements and reports its stake as equity method investment. Toloka’s results for prior periods were reclassified to discontinued operations.
Operating expenses
In USD $ millions
Three months ended December 31
Twelve months ended December 31
2024
2025
Change
2024
2025
Change
Cost of revenues
21.1
68.5
225%
43.7
166.2
280%
as a percentage of revenues
60%
30%
48%
31%
Product development
31.9
53.1
66%
114.8
177.3
54%
as a percentage of revenues
91%
23%
125%
33%
Sales, general and administrative
85.4
159.9
87%
255.5
378.5
48%
as a percentage of revenues
243%
70%
279%
71%
Depreciation and amortization
33.3
180.7
443%
77.1
404.0
424%
as a percentage of revenues
95%
79%
84%
76%
Total operating costs and expenses
171.7
462.2
169%
491.1
1,126.0
129%
as a percentage of revenues
488%
203%
537%
213%
Total share-based compensation expense
40.5
24.9
-39%
54.5
83.2
53%
as a percentage of operating expenses
24%
5%
11%
7%
Selected consolidated cash flow data
In USD $ millions
Three months ended December 31
Twelve months ended December 31
2024
2025
Change
2024
2025
Change
Cash provided by / (used in) operating activities – continuing operations
(73.1)
834.3
n/m
(269.9)
401.9
n/m
Purchases of property and equipment
(417.5)
(2,056.0)
392%
(807.5)
(4,066.0)
404%
Outstanding Shares
The total number of shares issued and outstanding as of December 31, 2025 was 253,016,971, including 219,465,088 Class A shares and 33,551,883 Class B shares, and excluding 69,023,973 Class A shares held in treasury.
Earnings webcast
Nebius Group will host a conference call and earnings webcast at 8:00 a.m. Eastern Time (5:00 a.m. Pacific Time / 2:00 p.m. Central European Time) on February 12, 2026 to discuss these financial results. To register to participate in the conference call, or to listen to the live audio webcast, please visit Nebius’s Investor Relations website at group.nebius.com/investor-hub.
A replay will be available on the same website following the call.
About Nebius
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents, and services worldwide.
Nebius Group also includes Avride (a leading developer of autonomous vehicles and delivery robots) and TripleTen (a leading edtech platform reskilling people for careers in tech), and owns equity stakes in other companies including ClickHouse and Toloka.
Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam.
For more information please visit www.nebius.com.
FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements that involve risks and uncertainties. All statements contained or implied other than statements of historical facts, including, without limitation, statements regarding our business plans, market opportunities, capital expenditure requirements, financing requirements and projected financial performance, are forward-looking statements. In some cases, these forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others, our ability to successfully compete in our sector; to implement our business plans; to continue to successfully capture customers; to continue to successfully obtain required supplies of hardware on acceptable terms; and to obtain further debt or equity financing that may be necessary to achieve our objectives on acceptable terms. Many of these risks and uncertainties depend on the actions of third parties and are largely outside of our control. We also continue to be subject to many of the risks and uncertainties included under the captions “Risk Factors” and “Operating and Financial Review and Prospects” in our Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (“SEC”) on April 30, 2025, which is available on our investor relations website at https://group.nebius.com and on the SEC website at www.sec.gov. All information in this document is as of the date hereof, and the Company undertakes no duty to update this information unless required by law.
In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this document, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
Disclaimer
Links to third-party websites are provided for informational purposes only; Nebius is not responsible for the content contained on or accessible through the linked sites.
USE OF NON-GAAP FINANCIAL MEASURES
To supplement the financial information prepared and presented in accordance with U.S. GAAP, we present the following non-GAAP financial measures: Adjusted EBITDA/(loss) and Adjusted net income/(loss). The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned “Reconciliations of non-GAAP financial measures to the nearest comparable U.S. GAAP measures”, included following the accompanying financial tables. We define the various non-GAAP financial measures we use as follows:
Adjusted EBITDA/(loss) means U.S. GAAP net income/(loss) from continuing operations plus (1) depreciation and amortization, (2) certain SBC expense, (3) interest expense, (4) income tax expense/(benefit), (5) one-off restructuring and other expenses, less (1) interest income, (2) other income/(loss), net, (3) income/(loss) from equity method investments and (4) gain from revaluation of investments in equity securities.
Adjusted net income/(loss) means U.S. GAAP net income/(loss) from continuing operations plus (1) certain SBC expense, (2) one-off restructuring and other expenses, (3) amortization of debt discount and issuance costs, net of interest expense capitalized, less (1) foreign exchange (gains) / losses and (2) gain from revaluation of investments in equity securities. Tax effects related to the listed adjustments are excluded from adjusted net income.
These non-GAAP financial measures are used by management for evaluating financial performance as well as decision-making. Management believes that these metrics reflect the organic, core operating performance of the company, and therefore are useful to analysts and investors in providing supplemental information that helps them understand, model and forecast the evolution of our operating business.
Although our management uses these non-GAAP financial measures for operational decision-making and considers these financial measures to be useful for analysts and investors, we recognize that there are a number of limitations related to such measures. In particular, it should be noted that several of these measures exclude some recurring costs, particularly share-based compensation. In addition, the components of the costs that we exclude in our calculation of the measures described above may differ from the components that our peer companies exclude when they report their results of operations.
Below we describe why we make particular adjustments to certain U.S. GAAP financial measures:
Net income/(loss) from discontinued operations
We present Adjusted EBITDA/(loss) and Adjusted net income / (loss) excluding any effects of our discontinued operations.
Information on our discontinued operations is disclosed in our Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (“SEC”) on April 30, 2025. In Q2 2025 following the completion of the investment transaction in Toloka, an AI development platform, Nebius ceased to hold majority voting power in Toloka and no longer includes Toloka’s results in Nebius’ consolidated financial statements and reports its stake as equity method investment. Toloka’s results for prior periods were reclassified to discontinued operations.
Certain SBC expense
SBC (Stock-Based Compensation) is a significant expense item and an important part of our compensation and incentive programs. As it is highly dependent on our share price at the time of equity award grants, we believe that it is useful for investors and analysts to see certain financial measures excluding the impact of these charges in order to obtain a clearer picture of our operating performance. However, because we settled some RSU equity awards of our employees granted before 2022 in cash during 2024, a portion of stock-based compensation expense for 2024 was included in Adjusted EBITDA/(loss).
Foreign exchange gains/(losses)
The functional currency of Nebius Group N.V. is the United States Dollar, which is also the Group’s current reporting currency. Foreign exchange gain/(loss) dynamics reflect changes in the U.S. dollar value of monetary assets and liabilities that are denominated in other currencies, as well as changes in the functional currencies of foreign subsidiaries' monetary assets and liabilities that are denominated in currencies different from their respective local currencies. Because foreign exchange fluctuations are outside of our operational control, we believe that it is useful to present Adjusted EBITDA/(loss), adjusted net income/(loss) and related margin measures excluding these effects, in order to provide greater clarity regarding our operating performance.
One-off restructuring and other expenses
We believe that it is useful to present Adjusted net income/(loss), Adjusted EBITDA/(loss) and related margin measures excluding impacts not related to our operating activities. Adjusted net income/(loss) and Adjusted EBITDA/(loss) exclude certain expenses related to the restructuring and other similar one-off expenses.
Amortization of debt discount and issuance costs, net of interest expense capitalized
We also adjust net income/(loss) for interest expense representing amortization of the debt discount and issuance costs related to our convertible senior notes, net of interest expense capitalized into cost of our property and equipment. Debt discount represents the accretion of the nominal amount of notes payable at maturity, unless the relevant notes have been earlier repurchased, redeemed or converted in accordance with their terms. We adjust net income/(loss) for the interest expense recognized from amortization of the debt discount and issuance costs due to the significantly different timing of payment in relation to the operating results.
The tables at the end of this release provide detailed reconciliations of each non-GAAP financial measure we use from the most directly comparable U.S. GAAP financial measure.
Nebius Group N.V.
Unaudited Condensed Consolidated Balance Sheets
(in millions of U.S. dollars)
As of
December 31,
December 31,
2024*
2025
ASSETS
Cash and cash equivalents
2,434.7
3,678.1
Accounts receivable
11.2
720.3
Prepaid expenses
22.2
34.8
VAT reclaimable
6.2
131.4
Other current assets
37.6
146.8
Current assets of discontinued operations
21.4
—
Total current assets
2,533.3
4,711.4
Property and equipment
846.7
5,572.5
Intangible assets
4.9
19.7
Operating lease right-of-use assets
44.8
918.8
Equity method investments
6.4
11.1
Investments in non-marketable equity securities
90.7
836.6
Deferred tax assets
7.7
11.8
Other non-current assets
13.4
367.9
Non-current assets of discontinued operations
0.7
—
Total non-current assets
1,015.3
7,738.4
TOTAL ASSETS
3,548.6
12,449.8
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable, accrued and other liabilities
228.0
1,210.1
Debt, current
6.1
24.5
Income and non-income taxes payable
5.5
17.7
Deferred revenue, current
16.3
275.5
Current liabilities of discontinued operations
8.1
—
Total current liabilities
264.0
1,527.8
Operating lease liabilities
30.3
760.5
Debt, non-current
—
4,103.2
Deferred revenue, non-current
—
1,302.0
Other accrued liabilities
0.6
143.1
Total non-current liabilities
30.9
6,308.8
Total liabilities
294.9
7,836.6
Shareholders’ equity:
Ordinary shares
9.2
8.4
Treasury shares at cost
(1,968.1)
(1,075.7)
Additional paid-in capital
2,016.7
2,360.9
Accumulated other comprehensive loss
(22.1)
(0.1)
Retained earnings
3,218.0
3,319.7
Total shareholders’ equity
3,253.7
4,613.2
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
3,548.6
12,449.8
* Derived from audited consolidated financial statements and adjusted for the presentation of discontinued operations for Toloka
Nebius Group N.V.
Unaudited Condensed Consolidated Statements of Operations
(in millions of U.S. dollars)
Three months ended
December 31,
Twelve months ended
December 31,
2024*
2025
2024*
2025
Revenues
35.2
227.7
91.5
529.8
Operating costs and expenses:
Cost of revenues(1)
21.1
68.5
43.7
166.2
Product development(1)
31.9
53.1
114.8
177.3
Sales, general and administrative(1)
85.4
159.9
255.5
378.5
Depreciation and amortization
33.3
180.7
77.1
404.0
Total operating costs and expenses
171.7
462.2
491.1
1,126.0
Loss from operations
(136.5)
(234.5)
(399.6)
(596.2)
Interest income
21.9
13.5
63.6
31.8
Interest expense
—
(38.3)
—
(57.8)
Gain from revaluation of investments in equity securities
—
1.5
—
598.9
Gain / (loss) from equity method investments
—
(10.6)
0.4
(24.3)
Other income / (loss), net
(8.4)
21.4
(17.4)
80.6
Net income / (loss) before income taxes
(123.0)
(247.0)
(353.0)
33.0
Income tax expense / (benefit)
(0.1)
2.6
(1.0)
4.0
Net income / (loss) from continuing operations
(122.9)
(249.6)
(352.0)
29.0
Net income / (loss) from discontinued operations
(10.3)
—
(289.4)
72.7
Net income / (loss)
(133.2)
(249.6)
(641.4)
101.7
* Derived from audited consolidated financial statements and adjusted for the presentation of discontinued operations for Toloka
(1) These balances exclude depreciation and amortization expenses, which are presented separately, and include share-based compensation, in the amount of:
Cost of revenues
0.2
0.1
0.2
0.5
Product development
3.2
4.0
9.6
16.6
Sales, general and administrative
37.1
20.8
44.7
66.1
Nebius Group N.V.
Unaudited Condensed Consolidated Statements of Cash Flows
(in millions of U.S. dollars)
Three months ended
December 31,
Twelve months ended
December 31,
2024*
2025
2024*
2025
CASH FLOWS PROVIDED BY / (USED IN) OPERATING ACTIVITIES:
Net income / (loss) from continuing operations
(122.9)
(249.6)
(352.0)
29.0
Adjustments to reconcile net income / (loss) to net cash provided by operating activities:
Depreciation of property and equipment
32.6
177.7
75.2
397.1
Amortization of intangible assets
0.7
3.0
1.9
6.9
Operating lease right-of-use assets amortization and the lease liability accretion
3.5
21.3
8.7
50.6
Amortization of debt discount and issuance costs, net of interest expense capitalized
—
8.7
—
17.5
Share-based compensation expense
40.5
24.9
54.5
83.2
Deferred income tax expense / (benefit)
(0.5)
(2.8)
(2.8)
(3.4)
Foreign exchange (gains) / losses
9.5
(2.2)
17.8
(27.2)
Gain from revaluation of investments in equity securities
—
(1.5)
—
(598.9)
(Income) / loss from equity method investments
—
10.6
(0.4)
24.3
Provision for expected credit losses
0.2
3.7
0.2
5.5
Other
(0.6)
53.0
(0.6)
53.9
Changes in operating assets and liabilities:
Accounts receivable
(2.6)
(632.8)
(9.8)
(714.6)
Prepaid expenses
(10.1)
(11.9)
(14.8)
(17.8)
Accounts payable, accrued and other liabilities and non-income taxes payable
(16.9)
25.4
(28.0)
(29.0)
Deferred revenue
(0.4)
1,566.5
10.0
1,565.8
Other assets
6.4
(166.9)
(23.7)
(339.2)
VAT reclaimable
(12.5)
7.2
(6.1)
(101.8)
Net cash provided by / (used in) operating activities – continuing operations
(73.1)
834.3
(269.9)
401.9
Net cash provided by / (used in) operating activities – discontinued operations
(1.5)
—
515.5
(17.1)
Net cash provided by / (used in) operating activities
(74.6)
834.3
245.6
384.8
CASH FLOWS PROVIDED BY / (USED IN) INVESTING ACTIVITIES:
Purchases of property and equipment and intangible assets
(417.5)
(2,056.0)
(807.5)
(4,066.0)
Proceeds from Divestment, net of cash of discontinued operations sold
—
—
1,283.2
—
Proceeds from the sale of the remaining equity interest in Divested businesses
—
—
184.2
—
Investments in term deposits
—
(75.0)
—
(75.0)
Investments in non-marketable equity securities
—
—
—
(50.0)
Investment in Toloka, net of cash of discontinued operations sold
—
—
—
(42.7)
Proceeds from maturity of debt securities
—
—
10.0
—
Proceeds from sale of property and equipment
1.6
—
1.6
—
Other investing activities
—
—
0.5
4.5
Net cash provided by / (used in) investing activities – continuing operations
(415.9)
(2,131.0)
672.0
(4,229.2)
Net cash used in investing activities – discontinued operations
(0.1)
—
(360.4)
(0.1)
Net cash provided by / (used in) investing activities
(416.0)
(2,131.0)
311.6
(4,229.3)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES:
Proceeds from issuance of convertible notes
—
—
—
4,162.5
Convertible notes issuance costs
—
—
—
(89.3)
Proceeds from sale of equity securities
700.0
—
700.0
1,150.0
Treasury shares issuance costs
(32.5)
—
(32.5)
(23.8)
Proceeds from issuance of SAFE instruments
—
100.0
—
100.0
Withholding tax paid
—
—
—
(181.5)
Repayment of debt
(0.1)
—
(0.7)
(0.8)
Proceeds from exercise of share options / (Repurchase of equity classified awards)
(8.9)
6.4
(10.0)
8.4
Net cash provided by financing activities – continuing operations
658.5
106.4
656.8
5,125.5
Net cash provided by financing activities – discontinued operations
—
—
168.7
—
Net cash provided by financing activities
658.5
106.4
825.5
5,125.5
Effect of exchange rate changes on cash and cash equivalents,
and restricted cash and cash equivalents
(6.7)
(11.7)
(23.6)
(9.7)
Net change in cash and cash equivalents, and restricted cash and cash equivalents
161.2
(1,202.0)
1,359.1
1,271.3
Cash and cash equivalents, and restricted cash and cash equivalents, beginning of period
2,289.1
4,923.6
1,091.2
2,450.3
Cash and cash equivalents, and restricted cash and cash equivalents, end of period
2,450.3
3,721.6
2,450.3
3,721.6
Less cash and cash equivalents, and restricted cash and cash equivalents
of discontinued operations, end of period
(14.9)
—
(14.9)
—
Cash and cash equivalents, and restricted cash and cash equivalents
of continuing operations, end of period
2,435.4
3,721.6
2,435.4
3,721.6
Nebius Group N.V.
Unaudited Condensed Consolidated Statements of Cash Flows (continued)
(in millions of U.S. dollars)
Three months ended
December 31,
Twelve months ended
December 31,
2024*
2025
2024*
2025
RECONCILIATION OF CASH AND CASH EQUIVALENTS, AND
RESTRICTED CASH AND CASH EQUIVALENTS:
Cash and cash equivalents, beginning of period
2,288.2
4,794.8
1,076.1
2,449.6
Restricted cash and cash equivalents, beginning of period
0.9
128.8
15.1
0.7
Cash and cash equivalents, and restricted cash and cash equivalents,
beginning of period
2,289.1
4,923.6
1,091.2
2,450.3
Cash and cash equivalents, end of period
2,449.6
3,678.1
2,449.6
3,678.1
Restricted cash and cash equivalents, end of period
0.7
43.5
0.7
43.5
Cash and cash equivalents, and restricted cash and cash equivalents, end of period
2,450.3
3,721.6
2,450.3
3,721.6
Cash and cash equivalents, end of period – continuing operations
2,434.7
3,678.1
2,434.7
3,678.1
Restricted cash and cash equivalents, end of period – continuing operations
0.7
43.5
0.7
43.5
Cash and cash equivalents, and restricted cash and cash equivalents, end of period – continuing operations
2,435.4
3,721.6
2,435.4
3,721.6
* Derived from audited consolidated financial statements and adjusted for the presentation of discontinued operations for Toloka
Nebius Group N.V.
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
TO THE NEAREST COMPARABLE U.S. GAAP MEASURES
Reconciliation of Adjusted EBITDA / (loss) to U.S. GAAP Net Income / (loss)
In USD millions
Three months ended December 31,
Twelve months ended December 31,
2024
2025
Change
2024
2025
Change
Net income / (loss)
(133.2)
(249.6)
87%
(641.4)
101.7
-116%
Less: net (income) / loss from discontinued operations
10.3
—
-100%
289.4
(72.7)
-125%
Net income / (loss) from continuing operations
(122.9)
(249.6)
103%
(352.0)
29.0
-108%
Add: depreciation and amortization
33.3
180.7
443%
77.1
404.0
424%
Add: certain SBC expense
37.6
24.9
-34%
44.1
83.2
89%
Add: one-off restructuring and other expenses
1.7
43.9
n/m
52.1
44.1
-15%
Less: interest income
(21.9)
(13.5)
-38%
(63.6)
(31.8)
-50%
Add: interest expense
—
38.3
n/m
—
57.8
n/m
Less: (income) / loss from equity method investments
—
10.6
n/m
(0.4)
24.3
n/m
Less: gain from revaluation of investments in equity securities
—
(1.5)
n/m
—
(598.9)
n/m
Less: other (income)/loss, net
8.4
(21.4)
-355%
17.4
(80.6)
n/m
Add: income tax expense
(0.1)
2.6
n/m
(1.0)
4.0
n/m
Adjusted EBITDA/ (loss)
(63.9)
15.0
-123%
(226.3)
(64.9)
-71%
Reconciliation of Adjusted Net Income / (loss) to U.S. GAAP Net Income / (loss)
In USD millions
Three months ended December 31,
Twelve months ended December 31,
2024
2025
Change
2024
2025
Change
Net income / (loss)
(133.2)
(249.6)
87%
(641.4)
101.7
-116%
Less: net (income) / loss from discontinued operations
10.3
—
-100%
289.4
(72.7)
-125%
Net income / (loss) from continuing operations
(122.9)
(249.6)
103%
(352.0)
29.0
-108%
Add: certain SBC expense
37.6
24.9
-34%
44.1
83.2
89%
Less: foreign exchange (gains) / losses
9.5
(2.2)
-123%
17.8
(27.2)
-253%
Add: one-off restructuring and other expenses
1.7
43.9
n/m
52.1
44.1
-15%
Add: amortization of debt discount and issuance costs, net of interest expense capitalized
—
8.7
n/m
—
17.5
n/m
Less: gain from revaluation of investments in equity securities
—
(1.5)
n/m
—
(598.9)
n/m
Tax effect of adjustments
5.1
2.8
-45%
(0.5)
5.6
n/m
Adjusted net loss
(69.0)
(173.0)
151%
(238.5)
(446.7)
87%
View source version on businesswire.com: https://www.businesswire.com/news/home/20260212534404/en/
Investor Relations
askIR@nebius.com
Media Relations
media@nebius.com
Original: Nebius Reports Fourth Quarter and Full-Year 2025 Financial Results
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