1. NBIS revenue surged 385% in Q1 2025, reaching $55.3 million. 2. Adjusted EBITDA loss is reported at $62.6 million for the same quarter. 3. The company received a strategic investment in Toloka to enhance AI data solutions. 4. Total outstanding shares amount to 238 million, with significant employee share options. 5. Webcast scheduled for May 20, 2025, to discuss financial results.
The significant revenue growth may attract investor interest, similar to past tech surges.
Strong revenue growth and investment could bolster confidence, but losses remain a concern.
Investor reactions to quarterly results often occur immediately and influence stock prices quickly.
AMSTERDAM--(BUSINESS WIRE)--Nebius Group N.V. (“Nebius Group”, the “Group” or the “Company”; NASDAQ: NBIS),(1) a leading AI infrastructure company, today announced its unaudited financial results for the first quarter ended March 31, 2025.
In Q1 2025, the Group’s revenue of $55.3 million increased 385% year over year, driven primarily by the core AI infrastructure business. Adjusted EBITDA loss in Q1 2025 was $62.6 million and net loss from continuing operations was $113.6 million.
The Company also today published an inaugural quarterly shareholder letter from founder and CEO Arkady Volozh, and an accompanying presentation with key business and financial updates. These items can be found on the Company’s investor relations site at group.nebius.com/investor-hub.
Q1 2025 Financial Highlights
| Consolidated results (1), (2) | |||
| In USD $ millions | Three months ended March 31 | ||
| 2024 | 2025 | Change | |
| Revenues | 11.4 | 55.3 | 385% |
| Adjusted EBITDA / (loss) | (70.9) | (62.6) | -12% |
| Net loss from continuing operations | (80.5) | (113.6) | 41% |
| Operating expenses | |||
| Total operating costs and expenses | 94.3 | 184.8 | 96% |
Reconciliation of Adjusted Net Income / (loss) to U.S. GAAP Net Income / (loss)
| In USD $ millions | Three months ended March 31 | ||
| 2024 | 2025 | Change | |
| Net loss | (316.5) | (113.6) | -64% |
| Add: net loss from discontinued operations | 236.0 | — | -100% |
| Net loss from continuing operations | (80.5) | (113.6) | 41% |
| Add: depreciation and amortization | 8.9 | 49.2 | n/m |
| Add: certain SBC expense | 3.1 | 17.6 | n/m |
| Less: interest income | (0.4) | (8.6) | n/m |
| Less: other income/(loss), net | 1.0 | (8.1) | n/m |
| Adjusted net loss | (77.6) | (92.5) | 19% |
More information can be found at https://group.nebius.com.