Adj. EBITDA breakeven in 2H 2025
Company: Nebius
What the later record shows
Delivered on time · happened December 31, 2025
Group adjusted EBITDA was positive at $15.0m in Q4 2025, while the full-year figure was a $64.9m loss, as guided.
“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 to reach positive Adjusted EBITDA during the second half of 2025, while remaining negative for the full year.
Source (primary)
nebius 8-K exhibit (tm2515580d1_ex99-3.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-14)Live source ↗
Quote: “Reach positive Adj. EBITDA during 2H 2025E4”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The guidance slide says Nebius will reach positive Adj. EBITDA during 2H 2025. Its footnote adds that Adj. EBITDA will remain negative for the full year.
Confirmed in the source:
- Nebius expects to reach positive Adjusted EBITDA during 2H 2025
- Nebius expects Adjusted EBITDA to remain negative for full-year 2025
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000110465925050975/tm2515580d1_ex99-3.htm) in full (12,863 characters, retrieved October 14, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms nebius 8-K exhibit (tm2515580d1_ex99-3.htm)
Quote: “Reach positive Adj. EBITDA during 2H 2025E4”
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.”