Nebius Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	877.9	529.8	91.5	9.8	13.5	4,762
Revenue Growth (YoY)	453.18%	479.02%	833.67%	-27.41%	-99.72%	61.28%
Cost of Revenue	141.5	166.2	43.7	19.6	28.4	2,326
Gross Profit	736.4	363.6	47.8	-9.8	-14.9	2,436
Selling, General & Admin	461.4	380.1	255.5	159.5	57.3	1,644
Depreciation & Amortization Expenses	566.9	417.9	77.1	29.3	27.5	322.38
Research & Development	208.2	177.3	114.8	87.1	58.3	647.95
Total Operating Expenses	1,237	975.3	447.4	275.9	143.1	2,614
Operating Income	-603.9	-611.7	-399.6	-285.7	-158	-177.52
Interest Income	5.5	7.5	64	-7.6	-13	146.84
Interest Expense	-121.5	-61.5	-	-	-	-49.62
Other Non-Operating Income (Expense)	1,472	679.5	-17.4	-3.7	-7.9	-16.27
Total Non-Operating Income (Expense)	1,356	625.5	46.6	-11.3	-20.9	80.94
Pretax Income	751.8	13.8	-353	-297	-178.9	-96.58
Provision for Income Taxes	-2.7	4	-1	2	1.1	99.34
Net Income	918.3	82.5	-641.4	241.3	745.6	-196.13
Minority Interest in Earnings	-	-	-	24.6	-	-0.21
Earnings From Discontinued Operations	81.9	72.7	-289.4	564.9	1,051	-
Net Income to Common	918.3	82.5	-641.4	241.3	745.6	-196.13
Net Income Growth	-	-	-	-67.64%	-	-
Shares Outstanding (Basic)	237	243	281	371	368	362
Shares Outstanding (Diluted)	261	248	281	371	368	362
Shares Change (YoY)	5.19%	-11.86%	-24.22%	0.77%	1.55%	2.55%
EPS (Basic)	3.87	0.34	-2.28	0.65	2.03	-0.54
EPS (Diluted)	3.51	0.33	-2.28	0.65	1.59	-0.54
EPS Growth	-	-	-	-59.12%	-	-
Shares Outstanding	253.9	253.02	235.75	361.48	361.48	358.7
Free Cash Flow	-3,155	-3,681	-561.9	746.9	682.4	-472.35
Free Cash Flow Growth	-	-	-	9.45%	-	-
Free Cash Flow Per Share	-12.07	-14.86	-2.00	2.01	1.85	-1.30
Gross Margin	83.88%	68.63%	52.24%	-100.00%	-110.37%	51.16%
Operating Margin	-68.79%	-115.46%	-436.72%	-2915.31%	-1170.37%	-3.73%
Profit Margin	95.27%	15.57%	-700.98%	2713.27%	6449.63%	-4.11%
FCF Margin	-359.37%	-694.83%	-614.10%	7621.43%	5054.81%	-9.92%
EBITDA	36.6	-143.2	-313.8	-249.3	-128.5	380.3
EBITDA Margin	4.17%	-27.03%	-342.95%	-2543.88%	-951.85%	7.99%
EBIT	-603.9	-611.7	-399.6	-285.7	-158	-177.52
EBIT Margin	-68.79%	-115.46%	-436.72%	-2915.31%	-1170.37%	-3.73%
Effective Tax Rate	-0.36%	28.99%	0.28%	-0.67%	-0.61%	-102.87%

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q