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

Nebius has disclosed Cost of Revenue across 17 years of filings, most recently posting $103.8 million for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $103.8 million, up 320.24% year-over-year; the trailing twelve-month figure through Mar 2026 was $245.3 million (up 286.91% YoY), and the FY2025 annual result was $166.2 million, up 280.32% from the prior year.
• Cost of Revenue came in at $103.8 million for Q1 2026 at Nebius, up from $68.5 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $7500.0 billion in Q3 2023 to a low of $7.7 million in Q2 2024.
• The 5-year median for Cost of Revenue is $68.5 million (2025), against an average of $802.0 billion.
• Across the five-year window, Cost of Revenue surged 13376.12% in 2023 and sank 100.0% in 2024, its largest moves.
• Nebius' Cost of Revenue stood at $77.8 billion in 2022, then plunged 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.
• The last three Cost of Revenue figures came in at $103.8 million (Q1 2026), $68.5 million (Q4 2025), and $42.9 million (Q3 2025), per Business Quant data.