Nebius (NBIS) Capital Expenditures (2010 - 2026)

Nebius' (NBIS) quarterly Capital Expenditures came in at -$2.5 billion in Q1 2026, down 354.66% year-on-year from $971.1 million in Q1 2025, and down 20.28% quarter-over-quarter from -$2.1 billion in Q4 2025.

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

Nebius has disclosed Capital Expenditures across 17 years of filings, most recently posting -$2.5 billion for Q1 2026.

  • Capital Expenditures for Q1 2026 came in at -$2.5 billion, down 354.66% year-over-year; the trailing twelve-month figure through Mar 2026 was -$6.0 billion (up 84.92% YoY), and the FY2025 annual result was $1.1 billion, up 1057600.0% from the prior year.
  • Capital Expenditures came in at -$2.5 billion for Q1 2026 at Nebius, down from -$2.1 billion in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of -$172.1 million in Q3 2024 to a low of -$38.6 billion in Q4 2023.
  • The 5-year median for Capital Expenditures is -$4.6 billion (2022), against an average of -$9.9 billion.
  • Across the five-year window, Capital Expenditures tumbled 482.82% in 2023 and soared 99.36% in 2024, its largest moves.
  • Nebius' Capital Expenditures stood at -$20.2 billion in 2022, then sank by 90.69% to -$38.6 billion in 2023, then jumped by 98.92% to -$417.5 million in 2024, then tumbled by 392.46% to -$2.1 billion in 2025, then dropped by 20.28% to -$2.5 billion in 2026.
  • The last three Capital Expenditures figures came in at -$2.5 billion (Q1 2026), -$2.1 billion (Q4 2025), and -$955.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Nebius 2,430,078.11 Bn 2,430,078.11 Bn 295.20 Mn -2.47 Bn
2 Alphabet 4,448.32 Bn 4,232.70 Bn 102.29 Bn 35.67 Bn
3 Meta Platforms 1,465.06 Bn 1,383.88 Bn 46.09 Bn 16.04 Bn
4 Spotify Technology 113.19 Bn 102.95 Bn 1.75 Bn -5.85 Mn
5 Reddit 33.56 Bn 30.79 Bn 511.94 Mn 1.09 Mn
6 Pinterest 12.93 Bn 11.63 Bn 768.96 Mn 16.34 Mn
7 Kanzhun 12.77 Bn 10.67 Bn 255.62 Bn -
8 Match 8.28 Bn 7.26 Bn 653.28 Mn 20.38 Mn
9 Snap 7.91 Bn 5.08 Bn 1.29 Bn 40.77 Mn
10 Zillow 7.56 Bn 6.78 Bn 519.00 Mn 34.00 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