$37.5B contracted capacity backlog (RPO)
Company: Nebius
The claim, verbatim
Nebius holds $37.5 billion in remaining performance obligations from long-term committed AI capacity contracts with large technology companies, which it must deliver and finance through ongoing capital raising.
Source (primary)
Nebius Rallies 9% on an Inference Deal While Its Earnings Multiple Sits Near 197x; CoreWeave Gains 4%, Oracle Advances 3% - Yahoo Finance (-, news_article)
View cached copy (2026-10-07)Live source ↗
Quote: “Nebius holds $37.5 billion in remaining performance obligations from long-term committed capacity contracts with large technology companies.”
How we checked this
Checked on October 9, 2026. The cited source supports every part of this claim.
The article states the $37.5 billion figure and its source. It also says the contracts require continuous capital raising because new hardware must be financed before it produces revenue.
Confirmed in the source:
- Nebius holds $37.5 billion in remaining performance obligations
- The obligations come from long-term committed AI computing capacity contracts with large technology companies
- Those contracts require continuous capital raising to finance the hardware needed to deliver them
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/nebius-rallies-9-inference-deal-175729785.html) in full (12,488 characters, retrieved October 7, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nebius Rallies 9% on an Inference Deal While Its Earnings Multiple Sits Near 197x; CoreWeave Gains 4%, Oracle Advances 3% - Yahoo Finance
Quote: “Nebius holds $37.5 billion in remaining performance obligations from long-term committed capacity contracts with large technology companies.”