NASDAQ$NBIS
Nebius Group NV · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Revenue surges 684% to $399M; net income $621M on ClickHouse revaluation gain
Nebius Group reported Q1 2026 revenue of $399.0 million, up from $50.9 million a year ago, driven by rapid scaling of its AI cloud platform. Loss from operations was $128.0 million vs $120.3 million in Q1 2025. Net income from continuing operations was $621.2 million ($2.40 basic EPS, $2.11 diluted), boosted by a $780.6 million gain from remeasurement of its ClickHouse investment following a Series D financing. Excluding that gain, the core AI cloud business showed improving unit economics with Nebius segment adjusted EBITDA of $174.0 million vs a $27.4 million loss prior year. Total adjusted EBITDA was $129.5 million. Cash and cash equivalents reached $9.3 billion. The company signed a $12B Meta infrastructure agreement and closed a $2.0B NVIDIA pre-funded warrant investment in March 2026.
- Revenue jumped to $399.0M from $50.9M YoY; loss from operations was $128.0M
- Net income of $621.2M ($2.40 basic EPS) included $780.6M ClickHouse revaluation gain
- Nebius AI cloud adjusted EBITDA improved to $174.0M from a $27.4M loss in Q1 2025
- Cash and cash equivalents of $9.3B; operating cash flow of $2.26B including customer advances
- Signed $12B Meta GPU capacity agreement and $2.0B NVIDIA strategic investment in March
Headline financials
Revenue & EPS history
Nebius Group NV · Revenue · Quarterly
$399M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 4 quarterly earnings reports · overlaid with Q1 2026
+1.1%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+10.9%
Avg return
30 days after
48%
11 / 23 earnings
Positive
+18.6%
Q4 2021
Best reaction
-9.3%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -2.6% | -5.3% | +29.2% | |
| Q1 2026 | -1.7% | +9.0% | +44.6% | |
| Q3 2025 | -7.2% | -24.0% | -14.3% | |
| Q2 2025 | +18.6% | +36.7% | +18.8% | |
| Q1 2025 | +4.2% | +2.7% | +28.6% | |
| Q4 2024 | +1.3% | -5.9% | -30.4% | |
| Q3 2024 | -9.3% | -13.9% | -0.3% | |
| Q2 2024 | — | — | — | |
| Q1 2024 | — | — | — | |
| Q4 2023 | — | — | — | |
| Q3 2023 | — | — | — | |
| Q2 2023 | +0.0% | — | — | |
| Q4 2022 | +0.0% | — | — | |
| Q4 2021 | +18.6% | — | — | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q4 2020 | -5.0% | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q4 2019 | -6.6% | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q4 2018 | -4.6% | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q4 2017 | +8.3% | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q4 2016 | +6.6% | — | — | |
| Q2 2016 | — | — | — | |
| Q4 2015 | +5.3% | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q4 2014 | +1.3% | — | — | |
| Q4 2013 | -8.0% | — | — | |
| Q4 2012 | -7.2% | — | — | |
| Q4 2010 | +7.4% | — | — | |
| Q4 2011 | +7.4% | — | — | |
| Q4 2009 | +7.4% | — | — | |
| Q2 2011 | -9.2% | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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