๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Revenue: $399.0M vs $50.9M YoY (+684%) โ
โข Adjusted EBITDA: $129.5M vs -$53.7M YoY
โข Net income from continuing operations: $621.2M vs -$104.3M YoY
โข Adjusted net loss: -$100.3M vs -$83.6M YoY
โข Cost of revenue: $103.8M (26% of revenue) vs 49% last year
โข Product development expense: $67.4M (+85% YoY)
โข SG&A expense: $143.8M (+136% YoY)
โข Depreciation & amortization: $212.0M (+332% YoY)
โข Operating cash flow: $2.26B
โข Capex & intangible asset purchases: $2.47B
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Massive AI cloud scaling drove revenue growth and EBITDA profitability
โข Company secured up to 1.2 GW of power and land for a new AI factory in Pennsylvania
โข Revenue mix improved significantly with cost of revenue falling to 26% of sales
โข Heavy infrastructure investment continues with nearly $2.5B in capex
โข Adjusted net losses widened despite strong top-line acceleration
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
Nebius highlighted continued AI infrastructure expansion and announced plans for a large-scale owned AI factory in Pennsylvania with up to 1.2 GW of secured power capacity.
