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Nebius shares jump after revenue surge and shift to adjusted EBITDA profit
Nebius reported $582.3 million in revenue, up 454% year over year, and swung from a $21 million adjusted EBITDA loss to a $236.2 million profit, while generating $2.3 billion in operating cash flow and ending with $8 billion in cash.
Nebius and CoreWeave, two AI cloud providers, both reported strong quarterly results, but Nebius’ stock reaction was larger after the company highlighted a sharp turnaround in profitability and cash generation, according to Yahoo Finance.
Nebius said revenue reached $582.3 million, up 454% from the prior year period, and it improved adjusted EBITDA from a $21 million loss to a $236.2 million profit. The company also reported an annualized revenue run-rate of $3 billion and operating cash flow of $2.3 billion, leaving it with $8 billion in cash.
Yahoo Finance also contrasted Nebius’ balance sheet and interest burden with CoreWeave. Nebius carried roughly $8.5 billion in total debt against $8 billion in cash, with quarterly interest expense around $119 million, and a portion of its spending was covered by customer prepayments rather than additional borrowing.
CoreWeave, meanwhile, grew revenue to $2.58 billion and saw backlog rise to over $104 billion, but its net loss widened from $290 million to $626 million. Yahoo Finance attributed the larger loss largely to higher debt costs, noting CoreWeave ended the quarter with about $35.6 billion in total debt versus $5.5 billion in cash and paid around $640 million in net interest during the quarter.