Medium-term adjusted EBIT margin of 20-30%
Company: Nebius
The claim, verbatim
Nebius's medium-term base case is billions of dollars in revenue with adjusted EBIT margins of 20-30%, assuming four-year depreciation.
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: “our base case expectations are to achieve billions of dollars in revenue with adjusted EBIT margins in the 20-30% range, assuming a conservative depreciation schedule of four years”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The letter states the medium-term base case of billions in revenue and 20-30% adjusted EBIT margins, assuming a conservative four-year depreciation schedule.
Confirmed in the source:
- Nebius's medium-term base case is to achieve billions of dollars in revenue.
- Nebius's medium-term base case includes adjusted EBIT margins in the 20-30% range.
- This base case assumes a four-year depreciation schedule.
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: “our base case expectations are to achieve billions of dollars in revenue with adjusted EBIT margins in the 20-30% range, assuming a conservative depreciation schedule of four years”
confirms nebius 8-K exhibit (tm2515580d1_ex99-3.htm)
Quote: “Scope for 20-30% adj. EBIT margin in medium term”