Business Wire·Nov 12, 2026, 7:11 AM ET

Nebius reports third quarter 2026 financial results

NBIS

Nebius Group N.V. reported unaudited financial results for the three and nine months ended September 30, 2026.
Consolidated revenues increased 571% to $980.8 million for Q3 2026 and 549% to $1,962.1 million for the nine months ended September 30, 2026.
Adjusted EBITDA turned positive to $465.8 million in Q3 2026 from a loss of $5.2 million in Q3 2025, reaching $831.5 million for the nine-month period.
Net income from continuing operations for the nine months ended September 30, 2026, was $393.3 million, a 41% increase from $278.6 million in the prior year period.
Total operating costs and expenses rose 237% to $930.4 million in Q3 2026, though as a percentage of revenues, they decreased from 189% to 95%.
Purchases of property and equipment and intangible assets surged 664% to $7,300.4 million in Q3 2026 and 668% to $15,430.7 million for the nine months ended September 30, 2026.
Net cash provided by operating activities for continuing operations was $4,231.1 million for the nine months ended September 30, 2026, compared to a use of $432.4 million in the prior period.
Cash and cash equivalents increased to $7,425.6 million as of September 30, 2026, from $3,678.1 million at the end of 2025.
The total number of shares issued and outstanding as of September 30, 2026, was 292,902,405.
Nebius Group includes Nebius AI cloud, Avride, and TripleTen, while Toloka is reported as an equity method investment following the loss of majority voting power.
Management held an earnings webcast on November 12, 2026, at 8:00 a.m. Eastern Time to discuss the results.