Toloka deconsolidation after investment closing
Company: Nebius
The claim, verbatim
After the Toloka investment closed in Q2 2025, Nebius no longer holds majority voting power in Toloka. It will stop consolidating Toloka's results, will account for its stake as an equity method investment, and will reclassify Toloka's prior-period results to discontinued operations starting Q2 2025.
Source (primary)
nebius 8-K exhibit (tm2515580d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-14)Live source ↗
Quote: “Following the completion of the investment transaction for Toloka in Q2 2025, Nebius ceased to hold majority voting power in Toloka and will no longer include Toloka's results in Nebius' consolidated financial statements and will instead report its stake as equity method investment.”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
A footnote in the release states each element: completion in Q2 2025, loss of majority voting power, deconsolidation, equity method accounting, and reclassification of prior-period results to discontinued operations from Q2 2025.
Confirmed in the source:
- The Toloka investment transaction was completed in Q2 2025
- Following completion, Nebius ceased to hold majority voting power in Toloka
- Nebius will no longer include Toloka's results in its consolidated financial statements
- Nebius will report its Toloka stake as an equity method investment
- Toloka's results for prior periods will be reclassified to discontinued operations starting Q2 2025
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000110465925050975/tm2515580d1_ex99-1.htm) in full (17,202 characters, retrieved October 14, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms nebius 8-K exhibit (tm2515580d1_ex99-1.htm)
Quote: “Following the completion of the investment transaction for Toloka in Q2 2025, Nebius ceased to hold majority voting power in Toloka and will no longer include Toloka's results in Nebius' consolidated financial statements and will instead report its stake as equity method investment.”