Nebius (NBIS) Capital Expenditures (2010 - 2026)

Nebius (NBIS) posted Capital Expenditures of -$2.5 billion for Q1 2026, down 20.28% sequentially from -$2.1 billion in Q4 2025, and down 354.66% YoY from $971.1 million in Q1 2025.

Nebius (NBIS) Capital Expenditures (2010 - 2026) Analysis & Trends

Nebius has reported Capital Expenditures for 17 years, with the latest figure at -$2.5 billion in Q1 2026.

  • Quarterly Capital Expenditures fell 354.66% year-over-year to -$2.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$6.0 billion (up 84.92% YoY) and the FY2025 annual result came in at $4.1 billion, up 4065900.0% from the prior year.
  • Capital Expenditures eased to -$2.5 billion in Q1 2026 per NBIS's latest filing, from -$2.1 billion in the prior quarter.
  • Over five years, Capital Expenditures peaked at -$172.1 million in Q3 2024 and troughed at -$38.6 billion in Q4 2023.
  • A 5-year average of -$9.9 billion and a median of -$4.6 billion in 2022 frame the typical range for Capital Expenditures.
  • The sharpest annual moves came in 2023 and 2024: Capital Expenditures tumbled 482.82% in 2023, then surged 99.36% in 2024.
  • Over 5 years, Capital Expenditures stood at -$20.2 billion in 2022, then sank by 90.69% to -$38.6 billion in 2023, then soared by 98.92% to -$417.5 million in 2024, then tumbled by 392.46% to -$2.1 billion in 2025, then fell by 20.28% to -$2.5 billion in 2026.
  • According to Business Quant data, Capital Expenditures over the past three periods registered -$2.5 billion, -$2.1 billion, and -$955.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Alphabet 4,165.61 Bn 3,736.57 Bn 73.85 Bn 44.92 Bn
2 Meta Platforms 1,523.46 Bn 1,433.20 Bn 49.47 Bn 30.12 Bn
3 Taboola.com 1,141.85 Bn 1,141.71 Bn 139.48 Mn -
4 Baidu 288.34 Bn 283.85 Bn 1.88 Mn -857.00 Mn
5 Spotify Technology 103.44 Bn 93.20 Bn 1.75 Bn -5.85 Mn
6 Joyy 77.39 Bn 76.50 Bn 205.64 Mn -
7 BILI Social International 60.58 Bn 60.58 Bn 405,933.00 -
8 Nebius 50.20 Bn 40.57 Bn 295.20 Mn -2.47 Bn
9 Reddit 30.00 Bn 27.22 Bn 734.60 Mn 1.13 Mn
10 Tencent Music Entertainment 26.85 Bn 24.15 Bn 514.00 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 -2.47 Bn
Mar 31, 2026 -2.47 Bn
Dec 31, 2025 -2.06 Bn
Dec 31, 2025 -2.06 Bn
Sep 30, 2025 -955.50 Mn
Sep 30, 2025 -955.50 Mn
Jun 30, 2025 -510.60 Mn
Jun 30, 2025 -510.60 Mn
Mar 31, 2025 -543.90 Mn
Mar 31, 2025 -543.90 Mn
Dec 31, 2024 -417.50 Mn
Dec 31, 2024 -417.50 Mn
Sep 30, 2024 -172.10 Mn
Sep 30, 2024 -172.10 Mn
Dec 31, 2023 -38.61 Bn
Dec 31, 2023 -38.61 Bn
Sep 30, 2023 -26.86 Bn
Sep 30, 2023 -26.86 Bn
Jun 30, 2023 -18.42 Bn
Jun 30, 2023 -18.42 Bn