Core infrastructure ARR target for end of 2025
Company: Nebius
What the later record shows
Delivered on time · happened December 31, 2025
Nebius reported ARR of $1.25 billion as of end of December 2025. That exceeds the $750 million to $1 billion target.
“Annualized run-rate revenue (ARR) 1 of $1.25 billion as of the end of December 2025 exceeded our outlook for $900 million to $1.1 billion”
2026-02-11 · nebius 8-K exhibit (tm266173d1_ex99-2.htm) View cached copy (2026-09-13)Live source ↗
Checked October 14, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Nebius says it is on track to reach $750 million to $1 billion in annualized run-rate revenue by the end of 2025.
Source (primary)
nebius 8-K exhibit (tm2515580d1_ex99-2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-14)Live source ↗
Quote: “We are on track to achieve $750 million to $1 billion in ARR by the end of this year”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The shareholder letter states Nebius is on track to achieve $750 million to $1 billion in ARR by the end of this year. The document is dated May 2025, so 'this year' is 2025.
Confirmed in the source:
- Nebius says it is on track to reach $750 million to $1 billion in annualized run-rate revenue (ARR) by the end of 2025 (the letter, dated May 20, 2025, says 'by the end of this year').
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000110465925050975/tm2515580d1_ex99-2.htm) in full (27,136 characters, retrieved October 14, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms nebius 8-K exhibit (tm2515580d1_ex99-2.htm)
Quote: “We are on track to achieve $750 million to $1 billion in ARR by the end of this year”
confirms nebius 8-K exhibit (tm266173d1_ex99-2.htm)
Quote: “Annualized run-rate revenue (ARR) 1 of $1.25 billion as of the end of December 2025 exceeded our outlook for $900 million to $1.1 billion”