Quarterly ResultMay 20, 2026, 06:32 AM
Nebius Group Q1 Net Income $621.2M; Revenue +684% to $399M
AI Summary
Nebius Group reported a significant turnaround in Q1 2026, achieving a net income of $621.2 million, compared to a net loss of $104.3 million in Q1 2025, primarily driven by a $780.6 million gain from the revaluation of its investment in ClickHouse. Total revenues surged 684% to $399.0 million, largely due to an 841% increase in its Nebius AI cloud business. The company also announced a strategic Infrastructure Services Agreement with Meta Platforms worth up to $27 billion and a $2.0 billion investment from NVIDIA Corporation, alongside the acquisition of Tavily.
Key Highlights
- Net income from continuing operations was $621.2 million in Q1 2026, up from a $104.3 million loss in Q1 2025.
- Total revenues increased 684% to $399.0 million in Q1 2026 from $50.9 million in Q1 2025.
- Nebius AI cloud business revenue grew 841% to $389.7 million in Q1 2026.
- Gain from revaluation of investment in ClickHouse was $780.6 million in Q1 2026.
- Adjusted EBITDA improved to $129.5 million in Q1 2026 from a $53.7 million loss in Q1 2025.
- Secured Infrastructure Services Agreement with Meta Platforms for up to $27 billion.
- Received $2.0 billion from NVIDIA Corporation for pre-funded warrants.
- Acquired Tavily, an AI search infrastructure provider, for $170.2 million.
Price Impact
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