Online Platform Investors's questions to Nebius Group NV (NBIS) leadership • Q2 2025
Question
Investors on the online platform asked for clarification on why ARR guidance was raised while 2025 revenue guidance remained unchanged, inquired about the return on CapEx, and questioned how the company plans to finance its expansion.
Answer
CFO Maria del Dado Alonso Sanchez explained the ARR/revenue guidance difference is due to new GPU capacity coming online late in the year, impacting ARR more than 2025 revenue but setting up for strong 2026 growth. She stated the return on invested capital for Hopper GPUs is roughly two to three years on a gross profit basis. Sanchez also noted the company has significant cash and will approach further capital raising opportunistically.