Nebius Group N.V. (NASDAQ: NBIS) is a technology company specializing in AI infrastructure and related services. The company develops and operates a full-stack AI-centric cloud platform, offering compute, storage, and tools for building and running AI models. Its portfolio includes advanced AI infrastructure, data solutions, educational platforms, and autonomous driving technologies.
- Nebius (AI Infrastructure Business) - Provides AI-centric cloud platforms and infrastructure, including large-scale GPU clusters, cloud software, and tools for developers to build and run AI models.
- Toloka - Offers data solutions for AI development, focusing on Generative AI projects and supporting stages from training to evaluation.
- TripleTen - Operates an edtech platform that reskills individuals for tech careers, emphasizing student enrollments and bookings growth.
- Avride - Develops autonomous driving technology for self-driving cars and delivery robots, with strategic partnerships to enhance market presence.
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Research analysts who have asked questions during Nebius Group earnings calls.
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
MLU B.V. | 2023 | Yandex acquired Uber's remaining 28.98% interest in MLU B.V. for $702.5 million in cash, consolidating its mobility business and replacing an earlier call option, with the acquisition treated as an equity transaction and subject to full regulatory approvals. |
Delivery Club | 2022 | Yandex acquired 100% of Delivery Club for RUB 38,620 million by divesting its News and Zen platforms to VK, marking a strategic exit from media to focus on e-commerce, mobility, and delivery, with key assets allocated to goodwill and intangible asset amortization. |
Recent press releases and 8-K filings for NBIS.
Nebius Group N.V. Announces Annual General Meeting Results
·$NBISProxy Vote Outcomes
Board Change
Share Buyback
- Nebius Group N.V. announced that all resolutions proposed at its Annual General Meeting of Shareholders (AGM), held on August 21, 2025, were adopted.
- Key governance approvals included the re-appointment of Executive Directors Arkady Volozh and Ophir Nave, along with the re-appointment or appointment of several Non-Executive Directors.
- Shareholders authorized the Board of Directors for future capital management, including the ability to repurchase shares up to 20% of the issued share capital for 18 months and to issue Class A shares up to an additional 20% of the issued share capital for five years.
- A significant capital structure change approved was the cancellation of 40,000,000 Class A shares held in treasury.
Aug 22, 2025, 12:00 AM
Nebius Group N.V. Reports Strong Q2 2025 Results and Raises ARR Guidance
·$NBISEarnings
Guidance Update
Revenue Acceleration/Inflection
- Nebius Group N.V. reported Q2 2025 revenue of $105.1 million, representing a 625% year-on-year and 106% quarter-on-quarter increase.
- The company increased its annualized run-rate revenue (ARR) guidance for the end of 2025 to $900 million to $1.1 billion.
- Nebius's core business achieved positive Adjusted EBITDA ahead of plan, contributing to a group Adjusted EBITDA loss of $21.0 million for Q2 2025, a $37.1 million year-to-year improvement.
- The company is aggressively scaling capacity, with plans to secure more than 1 GW of power by the end of 2026 and expecting 220 MW of connected power by the end of 2025.
Aug 7, 2025, 12:00 AM
Nebius Group N.V. Announces Annual General Meeting Agenda
·$NBISBoard Change
Share Buyback
Executive Compensation
- Nebius Group N.V. will hold its Annual General Meeting (AGM) on August 21, 2025, at its offices in Schiphol, the Netherlands.
- The AGM agenda includes the re-appointment of six directors and the appointment of two new non-executive directors to the Board for one-year terms.
- Shareholders will vote on authorizing the Board to issue Class A Shares up to an additional 20% of issued share capital for five years, exclude pre-emption rights, and repurchase Class A Shares up to 20% of issued share capital for 18 months.
- A proposal to cancel 40,000,000 Class A shares held in treasury will be presented. The AGM will also address the adoption of the 2024 annual statutory accounts, discharge of directors, amendment of the Articles of Association, and an amendment to the General Guidelines for Compensation of the Board of Directors.
Jul 24, 2025, 12:00 AM
Nebius Group N.V. Announces $1B Convertible Notes Private Placement
·$NBISDebt Issuance
- The company entered into subscription agreements on June 2, 2025 for a $1 billion private placement of senior unsecured convertible notes split into two tranches: $500 million at 2.00% due 2029 and $500 million at 3.00% due 2031.
- The net proceeds from the issuance will finance growth initiatives, including expanding its data center footprint and acquiring additional compute power.
- The notes feature an initial conversion rate of 19.4363 Class A shares per $1,000, implying an initial conversion premium of about 40% over the last reported share price, with effective premiums at maturity of approximately 68% and 75% for the 2029 and 2031 notes respectively.
Jun 5, 2025, 12:00 AM
Nebius Group Announces Private Placement of Convertible Notes
·$NBISDebt Issuance
New Projects/Investments
- Nebius Group has announced a private placement of $1 billion in convertible notes split into two tranches: $500 million at 2.00% due 2029 and $500 million at 3.00% due 2031 ( ).
- The net proceeds will be used to finance growth initiatives including expanding data centers and increasing compute capacity, and the Notes are convertible into Class A ordinary shares under specified conversion terms ( ).
Jun 2, 2025, 12:00 AM
Nebius Group Announces Series C Investment Participation
·$NBISNew Projects/Investments
- Nebius Group confirmed its participation in ClickHouse's Series C funding round to support the hypergrowth of its core AI infrastructure business.
- The company emphasized that the crystallized value of non-core assets provides billions in funding potential, underpinning their expansion plans.
May 30, 2025, 12:00 AM
Nebius Group Appoints Marc Boroditsky as Chief Revenue Officer
·$NBISManagement Change
Hiring
Revenue Acceleration/Inflection
- Marc Boroditsky has been appointed as Chief Revenue Officer, bringing a strong global go-to-market track record from roles at Twilio, Cloudflare, and Oracle.
- The appointment is part of Nebius Group’s plan to scale its operations to achieve multiple billions of dollars in revenue by expanding its global sales team.
- Nebius, a leading AI infrastructure company with a global presence and advanced full-stack AI technologies, aims to solidify its market leadership in AI infrastructure.
May 28, 2025, 12:00 AM
Nebius Group Q1 2025 Letter to Shareholders Summary
·$NBISEarnings
New Projects/Investments
Revenue Acceleration/Inflection
- The letter highlights strong Q1 performance with $55.3 million in revenue (up 385% YoY) and an annualized run-rate revenue of $249 million (up 684% YoY).
- It emphasizes rapid global expansion—from one location to five—and projects achieving $750 million to $1 billion in ARR by year-end.
- The update notes robust financial backing with $1.44 billion in cash at quarter-end and $544 million in CapEx during Q1, underscoring significant investment in growth.
May 20, 2025, 12:00 AM
Nebius Group N.V. Announces Strategic Investment in Toloka
·$NBISNew Projects/Investments
Board Change
- Bezos Expeditions is introduced as the lead investor in Nebius' AI data business Toloka, marking a pivotal strategic investment.
- The funding is expected to significantly accelerate Toloka’s growth and enhance its market positioning in high-quality AI data solutions.
- Nebius will retain a major economic stake in Toloka but will relinquish majority voting control, aiming for greater governance flexibility and independence for Toloka.
May 7, 2025, 12:00 AM