Cloud and compute · Second string · Team Microsoft and OpenAI

Nebius

GPU cloud with long contracts from Microsoft and Meta.

70OVRRole playerDraft · rated on 3 of 6

Ratings

Nebius reported Q2 revenue of about $582m, with Microsoft agreeing to pay up to $17.4bn through 2031 and Meta $12bn over five years, and leans on convertible debt for funding.

Dominance72draft
Second-string neocloud with Q2 revenue of about $582m and long contracts from Microsoft and Meta.
reported nextplatform.com
Momentumunrated
The Atlas gives no growth figure and no stated direction for this company.
Leverage70draft
Microsoft agreed to pay up to $17.4bn through 2031 and Meta agreed $12bn of dedicated compute over five years.
reported nextplatform.com
Network base 66, judgment +4.
Durability64draft
It leans on convertible debt and customer prepayments, and its long contracts come from the two biggest platform buyers.
reported nextplatform.com
Firepowerunrated
The Atlas states that Nebius uses convertible debt and gives no amount, cash or raise.
Deal Heatunrated
The Atlas reports no deal talks, pending deal, listing plan or stated acquisition plan for this company.

Key figures

$582mQ2 revenue about $17.4bnMicrosoft agreed to pay up to through 2031 $12bnMeta agreed of dedicated compute over five years, with up to $15bn more

From the Atlas key figure: Q2 revenue about $582m. Microsoft agreed to pay up to $17.4bn through 2031. Meta agreed $12bn of dedicated compute over five years, with up to $15bn more. Source: nextplatform.com.

TickerNASDAQ: NBIS

ListedPublic

HQAmsterdam, Netherlands

Founded2004

CEOArkady Volozh

Profile

GPU cloud with long contracts from Microsoft and Meta.

Cloud and compute · GPU clouds and inference platforms · Second string

Key figure Q2 revenue about $582m. Microsoft agreed to pay up to $17.4bn through 2031. Meta agreed $12bn of dedicated compute over five years, with up to $15bn more.

Why it may rise Long contracts from the two biggest platform buyers.

What could change it Funding: it leans on convertible debt and customer prepayments.

reported nextplatform.com

Connections

Allies and partners

Microsoft
About $17.4bn through 2031 for dedicated GPU capacity, rising to about $19.4bn if Microsoft buys more, subject to delivery of the promised capacity. sec.gov
On the map
Meta in AI models and platforms
$12bn of dedicated compute over five years from early 2027, with up to $15bn more. nasdaq.com
On the map

See Nebius and its connections on the map →

Sector standing

No. 7 of 13 rated in Cloud and compute

Ratings by Claude (draft), 2026-11-02, read from the Atlas data under the ratings rubric. Logo: nebius.com. Company press kit. The mark is a trademark of its owner.