Nebius Group N.V. (NBIS) income statement
NASDAQ · Technology · Software - Application · 1,543 employees · CEO Arkady Volozh
- Price
- $154.14 -10.38%
- Market cap
- $37B
- Enterprise value
- $39B
- Last report
- Q2 '26 filed 2026-08-12
- Next report
- 2026-11-12 EPS est. -$0.71
Nebius Group N.V. (NBIS) reported revenue of $582M for Q2 '26 (+454.0% year on year), operating income of -$176M (-30.2% of revenue) and net income of -$190M. Over the last four quarters revenue was $1.36B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5M | $6.7M | $11.3M | $12.1M | $43.3M | $37.9M | $55.3M | $105M | $146M | $228M | $399M | $582M | |
| Cost of revenue | $7.5M | $9.8M | $8.76M | $3.31M | $18.9M | $27.5M | $29.5M | $30.1M | $42.9M | $68.5M | $104M | $134M | |
| Gross profit | -$2.5M | -$3.1M | $2.54M | $8.78M | $24.4M | $10.4M | $25.8M | $75M | $103M | $159M | $295M | $449M | |
| Research & development | $25.5M | $27.4M | $24.7M | $25.1M | $34.4M | $35.7M | $40M | $42.8M | $44.9M | $53.1M | $67.4M | $191M | |
| Other operating expenses | $6.1M | $8.3M | $8.77M | $79.5M | $77M | $124M | $115M | $143M | $188M | $181M | $212M | $260M | |
| Operating expenses | $75.1M | $90.4M | $83.4M | $105M | $111M | $160M | $155M | $186M | $233M | $394M | $423M | $625M | |
| Operating income | -$77.6M | -$93.5M | -$80.8M | -$95.8M | -$87M | -$149M | -$130M | -$111M | -$130M | -$235M | -$128M | -$176M | |
| Interest income | $500K | $600K | $22M | $13M | $28M | $22M | $8M | $4M | $6.2M | $13.5M | $14.2M | $0 | |
| Interest expense | $40M | $42.4M | $74M | $0 | $0 | $0 | $0 | $5M | $14.7M | $38.3M | $63.7M | $95M | |
| Other non-operating income (gains on investments, FX ...) | $7.2M | -$1.6M | -$38.4M | -$35.2M | -$35.8M | -$16.9M | -$16.8M | -$620M | -$10.3M | -$25.8M | -$807M | $0 | |
| Total non-operating income | -$17M | $2.7M | -$35.6M | $35.2M | $35.8M | $16.9M | $16.8M | $615M | $10.3M | -$12.5M | $743M | -$800K | |
| Income before tax | -$94.6M | -$90.8M | -$116M | -$60.6M | -$51.2M | -$132M | -$113M | $503M | -$120M | -$247M | $615M | -$177M | |
| Income tax | $2.2M | -$2.5M | $3.9M | -$4.09M | $600K | $1.7M | $900K | $800K | -$300K | $2.6M | -$5.8M | $13.7M | |
| Net income | $84.3M | -$72.9M | $131M | -$554M | -$94.2M | -$133M | -$114M | $584M | -$120M | -$250M | $621M | -$190M | |
| EPS (basic) | $0.23 | -$0.20 | $0.36 | -$0.19 | -$0.26 | -$0.58 | -$0.48 | $2.45 | -$0.47 | -$0.99 | $2.40 | -$0.68 | |
| EPS (diluted) | $0.23 | -$0.20 | $0.36 | -$0.19 | -$0.26 | -$0.58 | -$0.48 | $2.45 | -$0.47 | -$0.99 | $2.01 | -$0.68 | |
| Shares (basic, weighted) | 361M | 371M | 361M | 294M | 287M | 236M | 238M | 240M | 252M | 241M | 258M | 280M | |
| Shares (diluted, weighted) | 361M | 371M | 361M | 294M | 287M | 236M | 238M | 240M | 252M | 253M | 309M | 280M | |
| Depreciation & amortization | $6.1M | $8.3M | $8.9M | $11.4M | $25.3M | $37.3M | $56.1M | $75.2M | $112M | $216M | $242M | $260M | |
| EBITDA | -$78.7M | -$83.6M | -$33.5M | -$49.2M | -$25.9M | -$95.1M | -$56.6M | $584M | -$8.1M | $7.2M | $921M | $83.8M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $1.63B | $1.83B | $2.83B | $2.95B | $4.76B | $13.5M | $9.8M | $91.5M | $530M | |
| Cost of revenue | $321M | $415M | $515M | $899M | $1.16B | $2.32B | $28.4M | $19.6M | $43.7M | $166M | |
| Gross profit | $913M | $1.21B | $1.32B | $1.93B | $1.79B | $2.43B | -$14.9M | -$9.8M | $47.8M | $364M | |
| Research & development | $257M | $327M | $324M | $471M | $490M | $648M | $58.3M | $87.1M | $115M | $177M | |
| Other operating expenses | $156M | $200M | $181M | $250M | $239M | $1.96B | $27.5M | $29.3M | $77.1M | $404M | |
| Operating expenses | $704M | $992M | $1.02B | $1.53B | $1.58B | $2.61B | $143M | $276M | $447M | $960M | |
| Operating income | $209M | $222M | $299M | $396M | $211M | -$177M | -$158M | -$286M | -$400M | -$596M | |
| Interest income | $43M | $50M | $63M | $51M | $53.5M | $62M | $67M | $3.3M | $63.6M | $31.8M | |
| Interest expense | $18M | $15M | $18M | $1M | $32.8M | $50M | $48M | $0 | $0 | $57.8M | |
| Other non-operating income (gains on investments, FX ...) | $0 | -$5.52M | -$6.92M | -$12.3M | $0 | -$131M | -$27.1M | $11.3M | -$46.6M | -$687M | |
| Total non-operating income | -$28.3M | $21.7M | $454M | -$29.6M | $282M | $80.9M | -$20.9M | -$11.3M | $46.6M | $629M | |
| Income before tax | $181M | $244M | $753M | $366M | $493M | -$96.5M | -$179M | -$297M | -$353M | $33M | |
| Income tax | $70.3M | $86.9M | $118M | $188M | $178M | $99.3M | $1.1M | $2M | -$1M | $4M | |
| Net income | $111M | $159M | $660M | $204M | $333M | -$196M | $746M | $241M | -$641M | $102M | |
| EPS (basic) | $0.40 | $0.49 | $2.02 | $0.63 | $0.98 | -$0.54 | $2.03 | $0.65 | -$2.28 | $0.11 | |
| EPS (diluted) | $0.34 | $0.42 | $2.02 | $0.63 | $0.94 | -$0.54 | $1.81 | $0.65 | -$2.28 | $0.11 | |
| Shares (basic, weighted) | 275M | 325M | 327M | 327M | 341M | 362M | 368M | 371M | 281M | 253M | |
| Shares (diluted, weighted) | 326M | 376M | 327M | 327M | 353M | 362M | 413M | 371M | 281M | 253M | |
| Depreciation & amortization | $143M | $193M | $280M | $370M | $378M | $7.62M | $29.5M | $36.4M | $85.8M | $469M | |
| EBITDA | $352M | $421M | $586M | $778M | $589M | -$38.9M | -$101M | -$261M | -$267M | $559M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings.
Data as of 2026-11-02