Description

Nebius Group’s $9 Billion Customer Prepayments Could Rewrite The AI Financing Model!

Nebius Group reported robust results for the second quarter of 2026, marked by significant revenue growth, improved profitability, and strategic advancements to scale capacity. The company grew group revenue by 454% year-over-year to $582 million, with its Nebius AI business contributing 98% of group revenue and growing 514% annually to $575 million. Annualized run rate revenue increased to $3 billion by June 30, reflecting higher utilization rates, capacity additions from Q1, and revenue from newly introduced asset-light models and recent acquisitions. Adjusted EBITDA rose to $236 million with a margin of 41%, up from a loss in the prior year and a margin of 32% in Q1 2026. The Nebius AI business alone posted a 50% adjusted EBITDA margin. The company’s business model centers on building AI cloud capacity ahead of contracts, supported by a flexible multi-tenant platform that serves a diverse clientele, including AI-natives, Agentic AI leaders, and enterprises.