Nebius (NBIS) Cost of Revenue (2010 - 2026)

Nebius has reported Cost of Revenue for 17 years, with the latest figure at $103.8 million in Q1 2026.

• Quarterly Cost of Revenue rose 320.24% year-over-year to $103.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $245.3 million (up 286.91% YoY) and the FY2025 annual result came in at $166.2 million, up 280.32% from the prior year.
• Cost of Revenue grew to $103.8 million in Q1 2026 per NBIS's latest filing, from $68.5 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $7500.0 billion in Q3 2023 and troughed at $7.7 million in Q2 2024.
• A 5-year average of $802.0 billion and a median of $68.5 million in 2025 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue jumped 13376.12% in 2023, then sank 100.0% in 2024.
• Over 5 years, Cost of Revenue stood at $77.8 billion in 2022, then plunged by 99.99% to $9.8 million in 2023, then jumped by 115.31% to $21.1 million in 2024, then jumped by 224.64% to $68.5 million in 2025, then jumped by 51.53% to $103.8 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $103.8 million, $68.5 million, and $42.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.