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Nebius Group's Revenue Soars 625%, Targets $1B Run Rate

9/13/2025

Summary

Story summary

Nebius Group's revenue increased 625% year-over-year to $105 million in Q2 2025, achieving positive adjusted EBITDA ahead of schedule.
The company raised its 2025 revenue guidance to $900 million to $1.1 billion, targeting a $1 billion annual recurring revenue run rate.
By the end of 2026, Nebius secured over 1 gigawatt of power capacity to support rising AI compute demand.
Despite growth, Nebius reported an adjusted net loss of $91.5 million in Q2.
The company relocated to Amsterdam, distancing itself from its Russian roots and reducing geopolitical concerns.

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Story summary

Nebius Group's revenue increased 625% year-over-year to $105 million in Q2 2025, achieving positive adjusted EBITDA ahead of schedule.
The company raised its 2025 revenue guidance to $900 million to $1.1 billion, targeting a $1 billion annual recurring revenue run rate.
By the end of 2026, Nebius secured over 1 gigawatt of power capacity to support rising AI compute demand.
Despite growth, Nebius reported an adjusted net loss of $91.5 million in Q2.
The company relocated to Amsterdam, distancing itself from its Russian roots and reducing geopolitical concerns.