Nebius Reports Strong Q4 Earnings Amid Revenue Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2026
0mins
Should l Buy NBIS?
Source: stocktwits
- Significant Revenue Growth: Nebius reported Q4 revenue of $227.7 million, a remarkable 547% year-on-year increase, although it fell short of analysts' expectations of $242.79 million, highlighting both challenges and opportunities in the company's rapid expansion.
- Improved Cost Control: The cost of revenue rose to $68.5 million in Q4 from $21.1 million a year ago, yet the cost as a percentage of revenue decreased from 60% to 30%, indicating substantial progress in operational efficiency.
- Profitability Recovery: The company achieved positive adjusted EBITDA of $15 million in Q4, a significant turnaround from a $63.9 million loss a year earlier, driven by strong performance in its core AI cloud segment.
- Market Sentiment Shift: Despite Nebius's stock trading over 5% lower post-earnings announcement, retail sentiment on Stocktwits shifted to 'extremely bullish', with message volume surging 80% in 24 hours, reflecting investor confidence in the company's long-term prospects.
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Analyst Views on NBIS
Wall Street analysts forecast NBIS stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 95.650
Low
130.00
Averages
164.20
High
211.00
Current: 95.650
Low
130.00
Averages
164.20
High
211.00
About NBIS
Nebius Group NV is a Netherlands-based infrastructure company operating in the technology industry. The Company is engaged in developing a portfolio of artificial intelligence-related technology assets. It is involved in creating an artificial intelligence-centric player to integrate the essential elements of artificial intelligence development with infrastructure, data and advisory globally. It offers products and services such as a cloud platform for artificial intelligence-related workloads, development team services for autonomous vehicles, development of generative artificial intelligence. Nebius builds full-stack infrastructure to service the growth of the global AI industry, including GPU clusters, cloud platforms and tools and services for developers. Company is developing three other businesses that operate under their own brands: Toloka AI, TripleTen and Avride.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Power Capacity and Infrastructure: The facility will have a power capacity of up to 1.2 gigawatts, positioning Nebius as a key player in the AI infrastructure market, crucial for meeting the growing demand for AI computing power.
Strategic Transformation: The company is transitioning from a diversified tech conglomerate to a focused AI infrastructure provider, emphasizing its commitment to capturing significant market opportunities in the AI sector.
Financial Growth Projections: Nebius aims for an annual revenue run rate of $7 billion to $9 billion by the end of 2026, supported by a well-structured funding strategy and secured customer demand, indicating strong potential for financial growth.
See More
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- Factory Approval: The company announced it received approval from the City Council of Independence, Missouri, to begin construction on its largest gigawatt-scale AI factory, which will significantly enhance its capabilities in AI processing services.
- Significant Revenue Growth: Nebius reported a revenue of $530 million in 2025, marking a 479% increase, although the company remains unprofitable with an adjusted loss of $447 million, highlighting the financial challenges amid rapid expansion.
- High-Risk Investment: Despite showing strong growth potential, Nebius has a market cap of $22 billion and a price-to-sales ratio of 41, suggesting that investors should approach this high-risk stock with caution, making it suitable for those with a high-risk tolerance as part of a balanced portfolio.
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- Market Value: The total market value of the shares to be sold is approximately $3.07 million.
See More
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- Environmental Technology Implementation: The new factory will feature a closed-loop cooling system to minimize water usage and incorporate noise-reduction technology, ensuring connection to Independence Power & Light to prevent increases in residential power rates, reflecting the company's commitment to sustainability.
- Rapid Growth in AI Cloud Business: Nebius reported a fourth-quarter adjusted loss of 68 cents per share, beating expectations, while revenue reached $227.7 million, although below the $246.04 million consensus estimate; however, core AI cloud revenue surged over 800% year-over-year, accounting for 94% of total revenue, indicating strong market demand.
- Long-Term Growth Outlook: Management expects contracted power to exceed 3 gigawatts by the end of 2026 and reiterated its goal of achieving $7 billion to $9 billion in annualized run-rate revenue by year-end 2026, showcasing the company's robust growth potential in the AI cloud market.
See More
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- Project Approval: The Independence City Council's approval of Nebius's industrial development incentive plan allows for the construction of the largest AI factory in the U.S. with a potential capacity of 1.2 GW, marking a significant expansion for the company in the U.S. market.
- Job Creation: The project is expected to create approximately 1,200 construction jobs and 130 permanent high-tech positions, primarily benefiting the local building trades, thereby boosting regional economic development and enhancing the talent pool.
- Community Contributions: Nebius has committed to making over $650 million in Payments in Lieu of Taxes (PILOT) over 20 years to the city and local school districts, alongside implementing a broad community benefits plan including STEM education and AI literacy programs, fostering trust with local residents.
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