Nebius Delivers 684% YoY ARR Growth with $1.9B AI Business Revenue
Nebius Group’s AI business generated $1.9 billion in annualized revenue with ARR up 684% year-over-year and operating cash flow of $2.3 billion. The company posted $101.7 million net income on $529.8 million revenue last quarter, securing a debt advantage versus $20 billion-levered peers and new competition from a $25 billion Google-Blackstone AI venture.
1. Revenue and ARR Surge
Nebius’s AI business generated $1.9 billion in annualized revenue, driving ARR up 684% year-over-year as demand for its infrastructure and services accelerates across enterprise and cloud customers.
2. Profitability and Balance Sheet
The company posted $101.7 million net income on $529.8 million quarterly revenue, delivered $2.3 billion in operating cash flow and maintains a lean $4 billion debt load versus heavily leveraged peers.
3. Competitive Pressures
Nebius holds a growth advantage over larger rivals carrying over $20 billion in debt, but faces a new $25 billion Google-Blackstone AI cloud venture targeting 500 megawatts of capacity by 2027 using Google’s TPU infrastructure.