--- title: Nebius revenue grew 454%. Most of the cash came from... description: Nebius, an Amsterdam-based neocloud spun out of Yandex, reported Q2 revenue up 454% to $582.3m, with shares closing 34% higher. Most of the $2.2bn operating... canonical: https://daily.dev/posts/nebius-revenue-grew-454-most-of-the-cash-came-from-customers-paying-in-advance-hore66d0b twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Nebius revenue grew 454%. Most of the cash came from customers paying in advance | daily.dev og:description: Nebius, an Amsterdam-based neocloud spun out of Yandex, reported Q2 revenue up 454% to $582.3m, with shares closing 34% higher. Most of the $2.2bn operating... og:url: https://daily.dev/posts/nebius-revenue-grew-454-most-of-the-cash-came-from-customers-paying-in-advance-hore66d0b og:image: https://api.daily.dev/og/posts/HoRe66D0B.png og:image:alt: Nebius revenue grew 454%. Most of the cash came from customers paying in advance og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Nebius revenue grew 454%. Most of the cash came from customers paying in advance **[The Next Web](https://daily.dev/sources/tnw)** · 6 min read · 0 upvotes · 0 comments ## Summary Nebius, an Amsterdam-based neocloud spun out of Yandex, reported Q2 revenue up 454% to $582.3m, with shares closing 34% higher. Most of the $2.2bn operating cash came from customer prepayments and deferred revenue rather than profit; the company actually lost $190.4m and burned $3.4bn in cash while spending $5.7bn on chips and data centres. CEO Arkady Volozh disclosed pricing per megawatt of compute capacity ($20-25m/year medium-term, $40-50m short-term), a rare public reference price as CME prepares to launch GPU rental futures. Demand is concentrated among a handful of billion-dollar customers including Microsoft and Meta, and Nebius is expanding into a new UK data centre site in South Wales. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### What does Nebius charge per megawatt for GPU compute capacity? Nebius earns $20m to $25m per megawatt per year on medium-term leases, and $40m to $50m per megawatt per year on short-term leases of up to six months. Renting compute by the month costs roughly double renting it by the year. CEO Arkady Volozh disclosed these figures on the Q2 earnings call, giving the market one of its first public reference prices for GPU rental capacity. _Anyone pricing out GPU rental deals can track how compute pricing benchmarks evolve on daily.dev._ ### Why did Nebius report $2.2bn of operating cash despite losing money in Q2? Most of that $2.2bn was not profit but customer prepayments and collected invoices. About $1.2bn came from deferred revenue, meaning money customers paid for capacity not yet used, and another $1.2bn from collecting already-issued invoices. Nebius still posted an operating loss of $175.9m and burned $3.4bn in cash, while deferred revenue on its balance sheet grew from about $1.6bn in December to almost $6bn. _Developers evaluating AI infrastructure vendors can follow financing details like these on daily.dev._ ### How much is Nebius spending on capital expenditure and what is its 2026 revenue guidance? Nebius spent about $5.7bn on chips, equipment, and data centres in a single quarter, above analyst expectations of $4.7bn. For the full year it guides to revenue of $3bn to $3.4bn against capital spending of $20bn to $25bn, roughly seven dollars spent for every dollar of revenue earned. Long-term debt has doubled to $8.5bn since December. _Teams weighing cloud GPU providers can watch how spending-to-revenue ratios like this play out on daily.dev._ ## Similar posts on daily.dev - [Nebius raised $775 million by borrowing against its GPUs. It has $40 billion more contracts to securitise.](https://daily.dev/posts/nebius-raised-775-million-by-borrowing-against-its-gpus-it-has-40-billion-more-contracts-to-secur-aqvxzmvur) · The Next Web · 0 upvotes · 0 comments - [Nebius is raising $4.5bn in convertible bonds to build AI data centres](https://daily.dev/posts/nebius-is-raising-4-5bn-in-convertible-bonds-to-build-ai-data-centres-emrcyjrpv) · The Next Web · 0 upvotes · 0 comments - [Nvidia, CoreWeave, and Nebius: Inside the Circular Financing of the GPU Boom](https://daily.dev/posts/nvidia-coreweave-and-nebius-inside-the-circular-financing-of-the-gpu-boom-tiepbgsbn) · Hacker News · 0 upvotes · 0 comments --- Tags: [#cloud](https://daily.dev/tags/cloud), [#nvidia](https://daily.dev/tags/nvidia), [#gpu](https://daily.dev/tags/gpu), [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure) [View this post on daily.dev](https://daily.dev/posts/nebius-revenue-grew-454-most-of-the-cash-came-from-customers-paying-in-advance-hore66d0b) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Nebius revenue grew 454%. 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Most of the cash came from customers paying in advance"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/nebius-revenue-grew-454-most-of-the-cash-came-from-customers-paying-in-advance-hore66d0b#faq","mainEntity":[{"@type":"Question","name":"What does Nebius charge per megawatt for GPU compute capacity?","acceptedAnswer":{"@type":"Answer","text":"Nebius earns $20m to $25m per megawatt per year on medium-term leases, and $40m to $50m per megawatt per year on short-term leases of up to six months. Renting compute by the month costs roughly double renting it by the year. CEO Arkady Volozh disclosed these figures on the Q2 earnings call, giving the market one of its first public reference prices for GPU rental capacity. 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