### @NBIS — Conflicting — two readings of the same quarter, pending reconciliation
A reading of the quarterly filing shows a net loss of about $(113.5) million. A separate read of the same quarter shows positive net income near $621 million, flattered by a roughly $780.6 million one-time, non-cash gain from revaluing a ClickHouse stake — stripping that out leaves an adjusted loss near $(100.3) million. What the reported net-income line includes or excludes is a to-verify item for the next filing. Either way the shape is the same: core cloud adjusted-EBITDA-positive inside a group that still loses money once GPU-fleet depreciation is counted. Still the very early days.
- tier: Conflicting (✕)
- source: NBIS / How big is the loss, really
- receipt: https://ticker.thevixguy.com/p/p-day-20260716-nbis-src-nbis-net-income-reconcile-ingest
- posted: 2026-07-16T03:39:32.517Z