Yandex Crowd

Legal entities

• Yandex NV
• Yandex LLC
• SPB Software
• Yandex.KFOR (development of unmanned vehicles)
• Yandex Public Interest Fund
• Yandex.Carshering

Performance indicators

2024: Revenue increase by 80% to RUB 17.2 billion

As TAdviser found out in mid-October 2025, Yandex Crowd (a subsidiary of Yandex), which specializes in training neural networks, received revenue of 17.25 billion rubles in 2024. This is 80% more than in the previous year, when the figure was 9.58 billion rubles.

The cost of sales on an annualized basis jumped almost twice - from 8.81 billion rubles to 16.55 billion rubles. Other income in the financial statements is not reflected, while other expenses jumped by 144.4% - from 11.86 million rubles to 28.99 million rubles. Commercial expenses increased by 4.1%, amounting to 55.54 million rubles against 53.35 million rubles in 2023. Management expenses decreased from 133.5 million rubles to 132.77 million rubles.

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Фото: Anton Velikzhanin/Kommersant

Revenues from the sale of products, goods, works and services soared by 135% - from 7.13 billion rubles to 16.75 billion rubles. Payments to suppliers (contractors) for raw materials, materials, works and services increased by about four times, reaching 5.78 billion rubles against 1.47 billion rubles in 2023. Expenses in connection with the remuneration of workers increased from 5.76 billion rubles to 10.64 billion rubles, that is, by 84.6%.

In 2024, the company showed gross profit in the amount of 699.91 million rubles: this is 9.3% less than in the previous year, when the figure was 771.75 million rubles. Profit from sales decreased by 12.5% - from 584.91 million rubles to 511.6 million rubles. Net profit was recorded in the amount of 386.07 million rubles against 458.38 million rubles in 2023 (minus 15.8%).

Accounts receivable as of December 31, 2024 amounted to 4.07 billion rubles, which is 20.9% more than a year earlier (3.37 billion rubles). Accounts payable increased by 11.6% over the year - from 2.59 billion rubles to 2.89 billion rubles.^[1]

History

2025: Appointment as CEO of Marina Rossinskaya

In mid-October 2025, it became known that Marina Rossinskaya was appointed to the post of General Director of Yandex Crowd LLC. In this position, she replaced Nikolai Osetrov, who had led the company since its founding in September 2022. Read more here

2022: Establishing a company

Yandex has created a new company for data processing - Yandex Crowd. It is registered by the head of Yandex crowdsourcing services Nikolai Sturgeon, who became the general director of the created legal entity. This was reported on September 7, 2022 by the TASS agency with reference to data in the Unified State Register of Legal Entities (Unified State Register of Legal Entities).

Yandex Crowd carries out data processing activities, its work is also related to the use of computer technology and IT, with the study of market conditions and the study of public opinion.

Yandex has created a new company for data processing

The press service of Yandex noted to the agency that the company regularly registers new legal entities for various business tasks. At the same time, Yandex did not disclose the details of the new project.

In July 2022, Yandex registered a Russian legal entity acting as an advertising data operator (ORD). A company called Yandex Advertising Data Operator is engaged in data processing and the provision of information posting services, as well as related activities.

The press service of Yandex explained the plans to create its own advertising data operator by the intention to help its partners and customers comply with the law.

Шаблон:Quote 'Now we are finalizing a technological solution that will make the information transfer process convenient, and we are engaged in legal registration, - the company told TASS. Earlier, the creation of such legal entities was reported by VimpelCom and the online retailer Ozon. The structures are called "First ORD" and "Ozone ORD," respectively.

At the end of June 2022, Yandex announced the creation of a new business group, Plus and Fintech. It was headed by the general director of Yandex LLC Artyom Savinovsky, he began to combine both positions. Dmitry Pirogov will become the head of fintech services.^[2]

Notes