capital · May 16, 2026
Nebius Reports $781M Non-Cash Gain From ClickHouse Stake Revaluation in Q1 2026
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Nebius Group reported net income of $621 million for Q1 2026 on May 13. The figure included a $781 million non-cash valuation adjustment from ClickHouse's January 2026 Series D financing round. Nebius owns an approximately 25% minority stake in ClickHouse following its participation in prior rounds. ClickHouse raised $400 million in that round at a $15 billion valuation. Nebius CEO Arkady Volozh discussed the gain during the earnings call.
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