Nebius ($NBIS) reports Q1 2026 earnings tomorrow morning. Here's my prediction on revenue, ARR, and what I'm watching for on rio ave vs sporting the call.
My revenue estimate is $401M vs. the $375M consensus, with adj. EBITDA of $102M. Plus the five key things I need to hear one piece 1182 from management to stay confident in the H2 thesis: Microsoft tranche update, core EBITDA margins, the financing gap, and more.
This is not financial advice (NFA). Just my jacob misiorowski thoughts and analysis.
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