Earnings ·
Nebius Group N.V. reported unaudited financial results for the second quarter ended June 30, 2026
NBISNebius Group N.V.
Nebius Group N.V. reported unaudited financial results for the second quarter ended June 30, 2026. Consolidated revenues surged 454% year-over-year to $582.3 million, driven by a 514% increase in Nebius AI cloud revenue to $575 million. Adjusted EBITDA turned positive at $236.2 million compared to a loss of $21.0 million in the prior year period. The company reported an adjusted net loss of $33.2 million, narrowing from $91.5 million previously. Capital expenditures reached $5.7 billion, primarily for GPU infrastructure and data center expansion. Cash and cash equivalents increased to $8.04 billion. The company raised $775 million in secured debt financing in July 2026 at SOFR + 2.50%. Nebius Group N.V. operates in the artificial intelligence cloud computing industry, providing full-stack infrastructure for model training and deployment.