NBIS Nebius Group (NBIS) Q4 FY25 earnings call
Nebius Group concluded a strong Q4 FY25, surpassing its ARR guidance and achieving positive group adjusted EBITDA, driven by robust demand for its AI cloud services. The company is accelerating its capacity build-out with significant CapEx plans for FY26, aiming to capture a substantial market opportunity while maintaining a disciplined approach to financing. Management expressed high confidence in achieving its ambitious FY26 ARR target, supported by strong pipeline growth and increasing contract durations.
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NBIS operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Annual recurring revenue (ARR) | $430MReality is that we show strong momentum in Q2 with annualized run rate revenue growing from $249 million in March to $430 million in June.Source: earnings call transcript | $551MAnnualized run rate revenue for the core business at the end of September was $551 million.Source: earnings call transcript | $3BAnnualized run rate revenue reached $3 billion at the end of June, up 598% and increased 56% from $1.9 billion at the end of March.Source: earnings call transcript | +444.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.