Q4 2025 Nebius Group NV Earnings Call Transcript
Key Points
- Nebius Group NV (NBIS) exceeded its financial targets for 2025, with annualized run rate revenue surpassing $1.2 billion.
- The company achieved a remarkable year-over-year revenue growth of 547% in Q4 2025, driven by strong demand for its AI cloud services.
- Nebius Group NV (NBIS) has secured over 2 gigawatts of contracted power and is on track to exceed 3 gigawatts by the end of 2026, indicating robust capacity expansion plans.
- The company has announced the launch of nine new data centers globally, enhancing its infrastructure to meet growing demand.
- Nebius Group NV (NBIS) achieved positive EBITDA at the group level, demonstrating strong operational efficiency and financial management.
- Despite strong ARR performance, Nebius Group NV (NBIS) came in light on revenue versus consensus for Q4 2025.
- The company expects EBIT to remain at a loss in 2026 due to ongoing investments in capacity expansion and R&D.
- Nebius Group NV (NBIS) faces challenges in managing data center equipment shortages, which could impact deployment timelines.
- The company plans to invest heavily in CapEx, ranging from $16 billion to $20 billion in 2026, which may strain financial resources.
- There is a dependency on large enterprise partnerships, such as with Microsoft and Meta, for future revenue growth, which could pose risks if these partnerships do not materialize as expected.
Welcome to Nebius Group's Q4 2025 earnings conference call. The presentation will be followed by a Q&A session. (Operator Instructions) I will now hand over to Neil Doshi, VP Head of Investor Relations, to start the call.
Thank you, and welcome to Nebius Group's fourth-quarter 2025 earnings conference call. My name is Neil Doshi, Vice President of Investor Relations. Joining me today are Arkady Volozh, Founder and CEO; and our broader management team.
Our remarks today will include forward-looking statements, which are based on assumptions as of today. Actual results may differ materially as a result of various factors, including those set forth in today's earnings press release and in our annual report on Form 20-F filed with the SEC. We undertake no obligation to update any forward-looking statements.
During this call, we will present both GAAP and certain non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today's earnings press
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
