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 | 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 | 13.92 Bn | 12.62 Bn | 768.96 Mn | 238.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |