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

Nebius (NBIS) posted Cost of Revenue of $103.8 million for Q1 2026, up 51.53% sequentially from $68.5 million in Q4 2025, and up 320.24% YoY from $24.7 million in Q1 2025.

Nebius (NBIS) Cost of Revenue (2010 - 2026) Analysis & Trends

Nebius (NBIS) has 17 years of Cost of Revenue data on file, last reported 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.
  • The five-year high for Cost of Revenue was $7500.0 billion in Q3 2023, with the low at $7.7 million in Q2 2024.
  • Average Cost of Revenue over 5 years is $802.0 billion, with a median of $68.5 million recorded in 2025.
  • Year-over-year, Cost of Revenue soared 13376.12% in 2023 and tumbled 100.0% in 2024.
  • Nebius' Cost of Revenue stood at $77.8 billion in 2022, then sank by 99.99% to $9.8 million in 2023, then surged by 115.31% to $21.1 million in 2024, then surged by 224.64% to $68.5 million in 2025, then surged by 51.53% to $103.8 million in 2026.
  • Business Quant data shows NBIS's Cost of Revenue at $103.8 million in Q1 2026, $68.5 million in Q4 2025, and $42.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Alphabet 4,330.11 Bn 4,114.49 Bn 102.29 Bn 7.61 Bn
2 Meta Platforms 1,553.11 Bn 1,471.93 Bn 46.09 Bn 10.22 Bn
3 Baidu 320.91 Bn 305.99 Bn 1.88 Mn 2.84 Bn
4 BILI Social International 84.82 Bn 84.82 Bn 405,933.00 131,586.00
5 Joyy 70.39 Bn 70.39 Bn 205.64 Mn 376.28 Mn
6 Nebius 59.20 Bn 49.90 Bn 295.20 Mn 103.80 Mn
7 Reddit 37.81 Bn 35.04 Bn 511.94 Mn 151.47 Mn
8 Scienjoy Holding 37.35 Bn -14.16 Bn 7.27 Mn 33.70 Mn
9 Tencent Music Entertainment 26.62 Bn 24.37 Bn 514.00 Mn 630.00 Mn
10 Pinterest 13.92 Bn 12.62 Bn 768.96 Mn 238.55 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 103.80 Mn
Mar 31, 2026 103.80 Mn
Dec 31, 2025 68.50 Mn
Dec 31, 2025 68.50 Mn
Sep 30, 2025 42.90 Mn
Sep 30, 2025 42.90 Mn
Jun 30, 2025 30.10 Mn
Jun 30, 2025 30.10 Mn
Mar 31, 2025 24.70 Mn
Mar 31, 2025 24.70 Mn
Dec 31, 2024 21.10 Mn
Dec 31, 2024 21.10 Mn
Sep 30, 2024 9.90 Mn
Sep 30, 2024 9.90 Mn
Jun 30, 2024 7.70 Mn
Jun 30, 2024 7.70 Mn
Mar 31, 2024 8.90 Mn
Mar 31, 2024 8.90 Mn
Dec 31, 2023 9,800.00 Bn
Dec 31, 2023 9,800.00 Bn