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Nebius Group N.V. (NBIS) Q4 2025 Earnings Call Transcript

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Nebius Group N.V. (NBIS) Q4 2025 Earnings Call February 12, 2026 8:00 AM EST

Company Participants

Neil Doshi – VP & Head of Investor Relations
Arkady Volozh – Founder, CEO & Non-Independent Executive Director
Dado Alonso – Chief Financial Officer
Ophir Nave – COO & Non-Independent Executive Director
Andrey Korolenko – Chief Product & Infrastructure Officer
Marc Boroditsky – Chief Revenue Officer
Roman Chernin – Chief Business Officer

Presentation

Operator

Welcome to Nebius Group’s Q4 2025 Earnings Conference Call. The presentation will be followed by a Q&A session. [Operator Instructions] I will now hand over to Neil Doshi, VP Head of Investor Relations, to start the call.

Neil Doshi
VP & Head of Investor Relations

Thank you, and welcome to Nebius Group’s Fourth Quarter 2025 Earnings Conference Call. My name is Neil Doshi, Vice President of Investor Relations. Joining me today are Arkady Volozh, Founder and CEO; and our broader management team. Our remarks today will include forward-looking statements, which are based on assumptions as of today. Actual results may differ materially as a result of various factors, including those set forth in today’s earnings press release and in our annual report on Form 20-F filed with the SEC. We take — we undertake no obligation to update any forward-looking statements.

During this call, we will present both GAAP and certain non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today’s earnings press release. The earnings press release and shareholder letter are available on our website at nebius.com. And now I’d like to turn the call over to Arkady.

Arkady Volozh
Founder, CEO & Non-Independent Executive Director

Thanks, Neil, and thanks to everyone for joining this call. Well, 2025 was a very strong year for us. Our team did an outstanding job scaling capacity and delivering it to customers with speed and reliability. We also made great

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