Nebius Group N.V. income statement

In fiscal 2025, Nebius Group N.V. reported revenue of $530m, up 479.0% on the year before, operating income of −$612m (a -115.5% margin) and net income of $82.5m, or $0.33 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Nebius Group N.V.: income statement, annual
Fiscal year	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	622	947	1,207	902	820	1,252	1,633	1,838	2,224	2,956	4,794	1,308	10	92	530
Cost of revenue	146	237	324	255	231	326	416	517	708	1,161	2,341	28	20	44	166
Gross profit	476	710	883	648	590	926	1,217	1,321	1,517	1,795	2,453	1,280	−10	48	364
Research and development	97	141	178	157	184	261	326	325	370	492	652	58	87	115	177
Selling, general and administrative	102	161	200	138	159	295	470	521	636	844	1,655	57	160	256	380
Operating income	219	311	392	272	132	212	226	300	313	220	−179	−158	−286	−400	−612
Interest expense	—	—	—	—	—	20	16	14	1	32	50	48	121	0	62
Provision for credit losses	—	—	—	—	—	—	—	—	—	—	—	1	−0	0	6
Income before tax	227	348	511	400	187	183	236	784	290	504	−97	−179	−297	−353	14
Income tax	48	77	99	97	54	71	86	124	148	177	100	1	2	−1	4
Net income	179	271	412	303	133	112	152	685	163	345	−197	746	241	−641	83
Diluted EPS	$0.55	$0.81	$1.23	$0.93	$0.41	$0.34	$0.46	$2.04	$0.48	$0.98	−$0.54	$1.59	$0.65	−$2.28	$0.33
Diluted shares (average)	328m	336m	335m	326m	324m	326m	331m	335m	335m	353m	362m	368m	371m	281m	248m
EBITDA	275	404	502	348	239	370	421	475	501	459	146	−131	−256	−323	−194

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Nebius Group N.V.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Nebius Group N.V.