Nebius (NBIS) Operating Expenses (2010 - 2026)

Nebius has disclosed Operating Expenses across 17 years of filings, most recently posting $527.0 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $527.0 million, up 207.83% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.5 billion (up 154.47% YoY), and the FY2025 annual result was $1.1 billion, up 132.44% from the prior year.
• Operating Expenses came in at $527.0 million for Q1 2026 at Nebius, up from $462.2 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $161.3 billion in Q1 2023 to a low of $82.6 million in Q3 2023.
• The 5-year median for Operating Expenses is $216.3 million (2025), against an average of $39.5 billion.
• Across the five-year window, Operating Expenses sank 99.94% in 2024 and jumped 207.83% in 2026, its largest moves.
• Nebius' Operating Expenses stood at $158.7 billion in 2022, then slumped by 99.94% to $100.2 million in 2023, then soared by 71.36% to $171.7 million in 2024, then soared by 169.19% to $462.2 million in 2025, then advanced by 14.02% to $527.0 million in 2026.
• The last three Operating Expenses figures came in at $527.0 million (Q1 2026), $462.2 million (Q4 2025), and $276.3 million (Q3 2025), per Business Quant data.