Hyperscaler capex

Nebius capex, CY2025 Q4

Nebius reported $2.1B of capex for CY2025 Q4, the quarter covering October to December 2025.

Nebius provides GPU cloud infrastructure and software for AI training and inference. The figures are consolidated cash purchases, including intangible assets, rather than a pure datacenter-construction measure.

Capex, CY2025 Q4$2.1B

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Verified

Every field, with its source

Source per value
Reported quarter
CY2025 Q4 1
Calendar quarter
2025 Q4 1
Quarter end
2025-12-31 1
Capex (USD million)
2,056 1
“(2,056.0)”
Capex definition
Consolidated cash purchases of property and equipment and intangible assets; comparative periods use the presentation in the cited release. 1

Sources

  1. Nebius results release: Nebius CY2025 Q4 accessed 2026-11-11

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