Markets· August 16, 2026 at 01:15 p.m.
Nebius Outshines CoreWeave in Earnings Report, Stock Soars
Key takeaways
- Nebius reported a $236.2 million profit this quarter
- CoreWeave's net loss widened to $626 million due to debt and interest payments
- Nebius trades at a higher forward price-to-sales ratio than CoreWeave
Two AI cloud companies, CoreWeave (CRWV) and Nebius (NBIS), recently reported strong earnings, with Nebius leading the way. The company's stock jumped 34.14% after reporting a $236.2 million profit this quarter compared to a $21 million loss in the same period last year. Nebius' annualized revenue run-rate reached $3 billion, and operating cash flow came in at $2.3 billion, leaving the company with $8 billion in cash.
CoreWeave also reported strong growth, with revenue more than doubling to $2.58 billion. However, its net loss widened from $290 million a year earlier to $626 million due to significant debt and high interest payments.
Nebius carries far less debt compared to CoreWeave, making it a healthier investment option. The company's stock is trading at a forward price-to-sales ratio of 14.64 times, nearly four times CoreWeave's 3.90 times. Analysts remain bullish on both companies but believe Nebius will reach sustained profitability faster.
