AI Capex Tracker

Nebius 2025 Q1

capex · Neocloud

USD 0.5439bn1

Reported. 2025 Q1. Cash purchases include property, equipment and intangible assets across the consolidated group. Figures reported in USD millions; divided by 1,000. Original disclosure.

Verified

Disclosure dated 2026-05-13

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What this value measures

PPE + intangibles. Cash purchases include property, equipment and intangible assets across the consolidated group. Figures reported in USD millions; divided by 1,000. Source definition.

Keep capex separate from other value types. Annual totals, forecast vintages, programme components and customer contracts can describe overlapping infrastructure. Read the overlap rules.

The reading

Amounts in source currency, billions
Company / programme Reporting entity, programme owner or contract seller. Editorial grouping follows the named source.
Nebius 1
Sector Editorial sector classification based on the disclosed business or programme.
Neocloud 1
Value type Capex is reported expenditure; commitment is a purchase agreement or announced investment; guidance is a forecast; programme budget is a policy envelope. Types are never summed.
capex 1
Amount bn Monetary amount in billions of the stated currency. The qualifier identifies ceilings, floors and approximations. Null means no exact monetary value disclosed.
0.544 1
Currency Source currency, retained without FX conversion. Applies only to monetary amounts; compare within a single currency.
USD 1
Qualification Reported, approximate, range, upper/lower bound or plan status, as stated in the source.
Reported 1
Period / horizon Original fiscal period or announced multi-year horizon. Annual totals overlap quarters; future horizons do not imply actual spend.
2025 Q1 1
Disclosure date Date of the cited disclosure or its stated update. Null where a precise date was not verified. Access date is separately recorded.
2026-05-13 1
Measurement basis Accounting or contractual definition. Customer lease revenue is a commitment by the customer, not vendor capex; investment plans are prospective.
PPE + intangibles 1

Sources

  1. Nebius — 2025 Q1 accessed 2026-11-11

Cite this reading

AI Capex Tracker, “Nebius 2025 Q1”, https://aicapextracker.com/nebius-2025-q1/ (verified 2026-11-11).

Compilation: CC BY 4.0. CSV or JSON with provenance.

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