[{"data":1,"prerenderedAt":108},["ShallowReactive",2],{"snapshot:funding":3},{"section":4,"built_at":5,"as_of":6,"stale":7,"data":8},"funding","2026-08-29T14:48:55.251Z","2026-08-29",false,{"share_count_series":9,"atm_issuances":36,"convertibles":44,"facilities":62,"prepayments":71,"net_debt":77,"gross_debt":83,"cash":88,"deferred_revenue":93,"deferred_revenue_series":98,"interest":102},[10,15,20,24,28,32],{"as_of":11,"shares":12,"source_label":13,"source_url":14},"2024-12-31",235753600,"20-F (XBRL)","https:\u002F\u002Fwww.sec.gov\u002Fcgi-bin\u002Fbrowse-edgar?action=getcompany&CIK=0001513845&type=20-F",{"as_of":16,"shares":17,"source_label":18,"source_url":19},"2025-06-30",230500000,"Q2 2025 shareholder letter — placeholder, verify","https:\u002F\u002Fnebius.com\u002Finvestor-relations",{"as_of":21,"shares":22,"source_label":23,"source_url":19},"2025-09-30",232800000,"Q3 2025 shareholder letter — placeholder, verify",{"as_of":25,"shares":26,"source_label":27,"source_url":19},"2025-12-31",234900000,"Q4 2025 shareholder letter — placeholder, verify",{"as_of":29,"shares":30,"source_label":31,"source_url":19},"2026-03-31",253900000,"Q1 2026 shareholder letter",{"as_of":33,"shares":34,"source_label":35,"source_url":19},"2026-06-30",271900000,"Q2 2026 shareholder letter — shares outstanding",[37],{"period":38,"shares":39,"avg_price":40,"gross_usd":41,"source_url":42,"source_label":43},"2026-Q2",12700000,223.6,2800000000,"https:\u002F\u002Fwww.sec.gov\u002Fcgi-bin\u002Fbrowse-edgar?action=getcompany&CIK=0001513845","ATM program, first usage through 30 Jun 2026",[45,54],{"label":46,"principal_usd":47,"coupon_pct":48,"maturity":49,"conversion_price":50,"breakeven_price":51,"source_url":42,"source_label":52,"note":53},"Convertible notes due 2030",3450000000,0.5,"2030-08-15",313.46,345,"August 2026 convertible offering","40% conversion premium to the $223.90 reference price. Every $1,000 borrowed accretes to $1,100 if repaid in cash, which holders forgo on conversion — pushing the effective breakeven to ~$345.",{"label":55,"principal_usd":56,"coupon_pct":57,"maturity":58,"conversion_price":59,"breakeven_price":60,"source_url":42,"source_label":52,"note":61},"Convertible notes due 2034",2300000000,4.5,"2034-08-15",324.65,406,"45% conversion premium. Accretes $1,000 to $1,250 if repaid in cash, so the effective breakeven is ~$406.",[63],{"value":64,"unit":65,"as_of":66,"source_url":67,"source_label":68,"reading_key":69,"note":70},775000000,"USD","2026-07-15","https:\u002F\u002Fnebius.com\u002Fnewsroom","Asset-backed facility, July 2026","facility","SOFR + 250bps, secured against deployed GPU infrastructure and contracted cash flows from an investment-grade customer. Described as a repeatable framework against a backlog of more than $40B.",{"value":72,"unit":65,"as_of":33,"source_url":73,"source_label":74,"reading_key":75,"note":76},5975200000,"https:\u002F\u002Fassets.nebius.com\u002Fassets\u002F72a8c258-bbb7-4df7-ab9d-8698f6cb88fc\u002FPR.pdf?cache-buster=2026-08-12T11:54:07.336Z","Q2 2026 financial results, balance sheet","prepayments","Derived from $979.4M current plus $4,995.8M non-current deferred revenue. The filing reports deferred revenue, not a separate customer-prepayment balance.",{"value":78,"unit":65,"as_of":79,"source_url":42,"source_label":80,"reading_key":81,"note":82},1500000000,"2026-08-15","Derived from disclosed debt less cash — placeholder, verify against the next balance sheet","net_debt","Placeholder pending the Q3 balance sheet. Third-party models assume tens of billions of net debt by YE2027; that is a forecast, this is the current position.",{"value":84,"unit":65,"as_of":79,"source_url":42,"source_label":85,"reading_key":86,"note":87},6525000000,"$5.75B convertibles (Aug 2026) + $775M asset-backed facility (Jul 2026)","gross_debt","Excludes the 2029\u002F2031 notes exchanged for equity in August 2026.",{"value":89,"unit":65,"as_of":79,"source_url":19,"source_label":90,"reading_key":91,"note":92},5000000000,"Placeholder — verify against the Q3 balance sheet","cash","Placeholder. Roughly reflects convertible net proceeds of ~$5.68B before deployment.",{"value":94,"unit":65,"as_of":33,"source_url":19,"source_label":95,"reading_key":96,"note":97},6000000000,"Q2 2026 shareholder letter","deferred_revenue","Up from roughly $4.8B at the end of Q1 2026.",[99,101],{"as_of":29,"value":100,"source_url":19,"source_label":31},4800000000,{"as_of":33,"value":94,"source_url":19,"source_label":95},{"cash_annual_usd":103,"reported_annual_usd":104,"as_of":79,"source_url":42,"source_label":105,"reading_key":106,"note":107},121000000,295000000,"August 2026 convertible offering terms","interest_gap","Interest accrues only on original principal, so cash interest is $121M. The accretion to maturity flows through reported interest expense as a non-cash charge — and is forgone entirely if holders convert.",1788014960451]