{"id":908433,"date":"2025-11-11T09:35:47","date_gmt":"2025-11-11T14:35:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nebius-reports-third-quarter-2025-financial-results\/"},"modified":"2025-11-11T09:35:47","modified_gmt":"2025-11-11T14:35:47","slug":"nebius-reports-third-quarter-2025-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nebius-reports-third-quarter-2025-financial-results\/","title":{"rendered":"Nebius Reports Third Quarter 2025 Financial Results"},"content":{"rendered":"

<\/p>\n

Nebius Reports Third Quarter 2025 Financial Results<\/b><\/p>\n

AMSTERDAM–(BUSINESS WIRE<\/a>)–
\nNebius Group N.V. (NASDAQ: NBIS), a leading AI infrastructure company, today announced its unaudited financial results for the third quarter ended September 30, 2025.<\/p>\n

\nThe Company today also published founder and CEO Arkady Volozh\u2019s quarterly letter to shareholders, available on its investor relations website at https:\/\/nebius.com\/investor-hub<\/a>.<\/p>\n

\nNebius today also announced a new agreement to deliver AI infrastructure to Meta valued at approximately $3 billion over 5 years.<\/p>\n

\nThe Company will be putting in place an at-the-market (ATM) equity program for up to 25 million Class A shares, and plans to file a prospectus supplement for this program on November 12, 2025. Nebius will evaluate the program regularly based on its capital needs. The program enables the Company to access equity funding on an efficient ongoing basis; however, it will remain dilution-sensitive as the Company prepare to finance future growth opportunities.<\/p>\n

\nManagement will hold an earnings webcast today at 8:00 AM (EDT) \/ 5:00 AM (PDT) \/ 2:00 PM (CET). To register, or to listen to the live audio webcast, please visit https:\/\/nebius.com\/investor-hub<\/a>.<\/p>\n

Q3 2025 Financial Highlights<\/b><\/p>\n

Consolidated results (1), (2)<\/sup><\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n\u00a0<\/td>\n<\/tr>\n
\n

In USD $ millions<\/i><\/b><\/p>\n<\/td>\n

\n

Three months ended September 30<\/b><\/p>\n<\/td>\n

\n

Nine months ended September 30<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

2024<\/b><\/p>\n<\/td>\n

\n

2025<\/b><\/p>\n<\/td>\n

\n

Change<\/i><\/p>\n<\/td>\n

\n

2024<\/b><\/p>\n<\/td>\n

\n

2025<\/b><\/p>\n<\/td>\n

\n

Change<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nRevenues<\/p>\n<\/td>\n

\n

\n32.1<\/p>\n<\/td>\n

\n

\n146.1<\/p>\n<\/td>\n

\n

355%<\/i><\/p>\n<\/td>\n

\n

\n56.3<\/p>\n<\/td>\n

\n

\n302.1<\/p>\n<\/td>\n

\n

437%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nAdjusted EBITDA \/ (loss)<\/p>\n<\/td>\n

\n

\n(45.9)<\/p>\n<\/td>\n

\n

\n(5.2)<\/p>\n<\/td>\n

\n

-89%<\/i><\/p>\n<\/td>\n

\n

\n(162.4)<\/p>\n<\/td>\n

\n

\n(79.9)<\/p>\n<\/td>\n

\n

-51%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nNet income \/ (loss) from continuing operations<\/p>\n<\/td>\n

\n

\n(43.6)<\/p>\n<\/td>\n

\n

\n(119.6)<\/p>\n<\/td>\n

\n

174%<\/i><\/p>\n<\/td>\n

\n

\n(229.1)<\/p>\n<\/td>\n

\n

\n278.6<\/p>\n<\/td>\n

\n

-222%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nAdjusted net loss<\/p>\n<\/td>\n

\n

\n(39.7)<\/p>\n<\/td>\n

\n

\n(100.4)<\/p>\n<\/td>\n

\n

153%<\/i><\/p>\n<\/td>\n

\n

\n(169.5)<\/p>\n<\/td>\n

\n

\n(273.7)<\/p>\n<\/td>\n

\n

61%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

\n(1) The following measures presented in this release are \u201cnon-GAAP financial measures\u201d: Adjusted EBITDA \/ (loss) and Adjusted net loss. Please see the section \u201cUse of Non-GAAP Financial Measures\u201d 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.<\/p>\n<\/td>\n<\/tr>\n

<\/tr>\n
\n

\n(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 include Toloka\u2019s results in Nebius\u2019s consolidated financial statements and reports its stake as equity method investment. Toloka\u2019s results for prior periods were reclassified to discontinued operations.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Operating expenses<\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

In USD $ millions<\/i><\/b><\/p>\n<\/td>\n

\n

Three months ended September 30<\/b><\/p>\n<\/td>\n

\n

Nine months ended
\n<\/b>
September 30<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

2024<\/b><\/p>\n<\/td>\n

\n

2025<\/b><\/p>\n<\/td>\n

\n

Change<\/i><\/p>\n<\/td>\n

\n

2024<\/b><\/p>\n<\/td>\n

\n

2025<\/b><\/p>\n<\/td>\n

\n

Change<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nCost of revenues<\/p>\n<\/td>\n

\n

\n9.9<\/p>\n<\/td>\n

\n

\n42.9<\/p>\n<\/td>\n

\n

333%<\/i><\/p>\n<\/td>\n

\n

\n22.6<\/p>\n<\/td>\n

\n

\n97.7<\/p>\n<\/td>\n

\n

332%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

as a percentage of revenues<\/i><\/p>\n<\/td>\n

\n

31%<\/i><\/p>\n<\/td>\n

\n

29%<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

40%<\/i><\/p>\n<\/td>\n

\n

32%<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nProduct development<\/p>\n<\/td>\n

\n

\n31.4<\/p>\n<\/td>\n

\n

\n44.9<\/p>\n<\/td>\n

\n

43%<\/i><\/p>\n<\/td>\n

\n

\n82.9<\/p>\n<\/td>\n

\n

\n124.2<\/p>\n<\/td>\n

\n

50%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

as a percentage of revenues<\/i><\/p>\n<\/td>\n

\n

98%<\/i><\/p>\n<\/td>\n

\n

31%<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

147%<\/i><\/p>\n<\/td>\n

\n

41%<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nSales, general and administrative<\/p>\n<\/td>\n

\n

\n47.9<\/p>\n<\/td>\n

\n

\n89.5<\/p>\n<\/td>\n

\n

87%<\/i><\/p>\n<\/td>\n

\n

\n170.1<\/p>\n<\/td>\n

\n

\n218.6<\/p>\n<\/td>\n

\n

29%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

as a percentage of revenues<\/i><\/p>\n<\/td>\n

\n

149%<\/i><\/p>\n<\/td>\n

\n

61%<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

302%<\/i><\/p>\n<\/td>\n

\n

72%<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nDepreciation and amortization<\/p>\n<\/td>\n

\n

\n23.5<\/p>\n<\/td>\n

\n

\n99.0<\/p>\n<\/td>\n

\n

321%<\/i><\/p>\n<\/td>\n

\n

\n43.8<\/p>\n<\/td>\n

\n

\n223.3<\/p>\n<\/td>\n

\n

n\/m<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

as a percentage of revenues<\/i><\/p>\n<\/td>\n

\n

73%<\/i><\/p>\n<\/td>\n

\n

68%<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

78%<\/i><\/p>\n<\/td>\n

\n

74%<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Total operating costs and expenses<\/b><\/p>\n<\/td>\n

\n

112.7<\/b><\/p>\n<\/td>\n

\n

276.3<\/b><\/p>\n<\/td>\n

\n

145%<\/i><\/b><\/p>\n<\/td>\n

\n

319.4<\/b><\/p>\n<\/td>\n

\n

663.8<\/b><\/p>\n<\/td>\n

\n

108%<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

as a percentage of revenues<\/i><\/p>\n<\/td>\n

\n

351%<\/i><\/p>\n<\/td>\n

\n

189%<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

567%<\/i><\/p>\n<\/td>\n

\n

220%<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Total share-based compensation expense<\/b><\/p>\n<\/td>\n

\n

6.9<\/b><\/p>\n<\/td>\n

\n

26.1<\/b><\/p>\n<\/td>\n

\n

278%<\/i><\/b><\/p>\n<\/td>\n

\n

14.0<\/b><\/p>\n<\/td>\n

\n

58.3<\/b><\/p>\n<\/td>\n

\n

316%<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

as a percentage of operating expenses<\/i><\/p>\n<\/td>\n

\n

6%<\/i><\/p>\n<\/td>\n

\n

9%<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

4%<\/i><\/p>\n<\/td>\n

\n

9%<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

Selected consolidated cashflow data<\/b><\/p>\n\n\n\n\n\n\n\n
\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

In USD $ millions<\/i><\/b><\/p>\n<\/td>\n

\n

Three months ended<\/b><\/p>\n

September 30<\/b><\/p>\n<\/td>\n

\n

Nine months ended<\/b><\/p>\n

September 30<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

2024<\/b><\/p>\n<\/td>\n

\n

2025<\/b><\/p>\n<\/td>\n

\n

Change<\/i><\/p>\n<\/td>\n

\n

2024<\/b><\/p>\n<\/td>\n

\n

2025<\/b><\/p>\n<\/td>\n

\n

Change<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nCash used in operating activities \u2013 continuing operations<\/p>\n<\/td>\n

\n

\n(34.9)<\/p>\n<\/td>\n

\n

\n(80.6)<\/p>\n<\/td>\n

\n

131%<\/i><\/p>\n<\/td>\n

\n

\n(196.8)<\/p>\n<\/td>\n

\n

\n(432.4)<\/p>\n<\/td>\n

\n

120%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nPurchases of property, plant and equipment<\/p>\n<\/td>\n

\n

\n(172.1)<\/p>\n<\/td>\n

\n

\n(955.5)<\/p>\n<\/td>\n

\n

455%<\/i><\/p>\n<\/td>\n

\n

\n(390.0)<\/p>\n<\/td>\n

\n

\n(2,010.0)<\/p>\n<\/td>\n

\n

415%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

Outstanding shares<\/b><\/p>\n

\nThe total number of shares issued and outstanding <\/b>as of September 30, 2025, was 251,807,222, including 218,158,548 Class A shares and 33,648,674 Class B shares, and excluding 110,233,722 Class A shares held in treasury.<\/p>\n

About Nebius<\/b><\/p>\n

\nNebius is a technology company building full-stack cloud infrastructure for the global AI industry. Headquartered in Amsterdam and listed on Nasdaq (NASDAQ: NBIS), the company has a global footprint with R&D hubs across Europe, North America, and Israel.<\/p>\n

\nNebius\u2019s core business is an AI cloud platform built for intensive AI workloads. With proprietary cloud software architecture and hardware designed in-house, Nebius gives AI builders the compute, storage, managed services and tools they need to build, tune and run their models.<\/p>\n

\nNebius Group also has additional businesses that operate under their own distinctive brands:<\/p>\n