// definition
Deferred revenue
Customer payments for outstanding services
Short definition
A liability recorded when a customer has paid before the company fulfils the corresponding performance obligations. Nebius’s accounts include advances that may be refundable. Revenue is recognised as the services are provided. The balance-sheet amount and the cash-flow-statement movement are distinct measures.
risk atlas
Knowledge map
Intuition
An advance supplies cash while leaving services to provide or, depending on the contract, money to refund.
Related analyses
- Nebius: a 364-day Citi facility for GPU expansionCustomer advances, operating cash flow and outstanding service obligations.
Primary sources
- Nebius / SEC, June 30, 2026 interim financial statementsNote 4, Deferred Revenue: advance receipts, potentially refundable balances and revenue recognition.