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.
Analysis
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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 44.92 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 30.12 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | -23.25 Mn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -5.66 Bn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 1.13 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | - |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 22.95 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 17.31 Mn |
| 10 | Snap | 9.26 Bn | 6.60 Bn | 931.11 Mn | 55.68 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.66 Bn |
| Jun 30, 2026 | -5.66 Bn |
| 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 |