Sign in

Neil Chulgki

Senior Equity Analyst at Northland

Neil Chulgki is a Senior Equity Analyst at Northland, specializing in coverage of innovative technology companies, notably Nebius Group, where he provides in-depth analysis on AI cloud platforms, autonomous solutions, and emerging technology verticals. He has been recognized on major earnings calls for delivering critical insights into revenue performance, capacity constraints, and contract momentum, helping investors navigate high-growth technology opportunities. Chulgki's analytical rigor is reflected in his frequent participation in corporate events and impactful buy-side recommendations, achieving notable visibility in sector reporting. His professional credentials include FINRA registration and securities licenses, underscoring his commitment to regulatory standards and industry best practices.

Neil Chulgki's questions to Nebius Group (NBIS) leadership

Question · Q3 2025

Neil Chulgki from Northland questioned the significant decrease in incremental ARR for the September quarter ($12 million) compared to prior quarters ($180 million in Q2, $159 million in Q1), seeking an explanation for the decline.

Answer

Neil Doshi, VP of Investor Relations, clarified that Nebius's revenue and ARR growth are directly tied to its ability to bring capacity online, and the recent trend reflects capacity being the primary bottleneck. He assured that with substantial capacity coming online in Q4, incremental ARR for that quarter is expected to be significantly higher.

Ask follow-up questions

Question · Q3 2025

Neil Chulgki of Northland asked why Nebius's incremental Annualized Run Rate (ARR) in Q3 2025 was significantly down at $12 million, compared to $180 million in Q2 and $159 million in Q1.

Answer

Neil Doshi, VP of Investor Relations, explained that the decrease in incremental ARR was primarily due to capacity being the main bottleneck. He anticipated a significant increase in incremental ARR for Q4 as substantial new capacity comes online.

Ask follow-up questions

Best AI for Equity Research

Performance on expert-authored financial analysis tasks

Fintool-v490%
Claude Sonnet 4.555.3%
o348.3%
GPT 546.9%
Grok 440.3%
Qwen 3 Max32.7%