Group adjusted EBITDA positive in 2H 2025
Company: Nebius
What the later record shows
Delivered on time · happened December 31, 2025
Group adjusted EBITDA was positive at $15.0 million in Q4 2025, the Group's first positive quarter. That falls within the promised second half of 2025.
“Group adjusted EBITDA of $15.0 million in Q4 improved by $78.9 million year over year, as we achieved our first quarter of positive adjusted EBITDA at the Group level.”
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 expects the Group to turn adjusted EBITDA positive in the second half 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 expect Nebius Group to turn adjusted EBITDA positive in the second half of 2025”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The letter states this expectation directly.
Confirmed in the source:
- Nebius expects Nebius Group to turn adjusted EBITDA positive in the second half of 2025.
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000110465925050975/tm2515580d1_ex99-2.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 expect Nebius Group to turn adjusted EBITDA positive in the second half of 2025”
confirms nebius 8-K exhibit (tm266173d1_ex99-2.htm)
Quote: “Group adjusted EBITDA of $15.0 million in Q4 improved by $78.9 million year over year, as we achieved our first quarter of positive adjusted EBITDA at the Group level.”