Overview
- The company is highlighted as a full‑stack AI infrastructure provider with reported partnerships involving Microsoft and Meta.
- Nebius says it sold out all available capacity by the end of Q3 2025 and targets a $7–$9 billion annualized revenue run rate by late 2026.
- Management has guided 2025 capital spending to roughly $5 billion and points to a large engineering team supporting its neo‑cloud model.
- The stock recently traded near $87, below the $92.50 equity raise, after a September financing that brought in $4.2 billion including $2.75 billion in convertibles priced around $138–$140.
- Q3 2025 GAAP net loss was $119.6 million with $432.4 million in operating cash burn year to date, even as revenue growth accelerated through 2024 and the first nine months of 2025.