Nebius (NBIS) Operating Expenses (2010 - 2026)
Nebius (NBIS) posted Operating Expenses of $527.0 million for Q1 2026, up 14.02% sequentially from $462.2 million in Q4 2025, and up 207.83% YoY from $171.2 million in Q1 2025.
Nebius (NBIS) Operating Expenses (2010 - 2026) Analysis & Trends
Nebius has reported Operating Expenses for 17 years, with the latest figure at $527.0 million in Q1 2026.
- Quarterly Operating Expenses rose 207.83% year-over-year to $527.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.5 billion (up 154.47% YoY) and the FY2025 annual result came in at $1.1 billion, up 132.44% from the prior year.
- Operating Expenses climbed to $527.0 million in Q1 2026 per NBIS's latest filing, from $462.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $161.3 billion in Q1 2023 and troughed at $82.6 million in Q3 2023.
- A 5-year average of $39.5 billion and a median of $216.3 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2026: Operating Expenses sank 99.94% in 2024, then soared 207.83% in 2026.
- Over 5 years, Operating Expenses stood at $158.7 billion in 2022, then slumped by 99.94% to $100.2 million in 2023, then surged by 71.36% to $171.7 million in 2024, then surged by 169.19% to $462.2 million in 2025, then grew by 14.02% to $527.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $527.0 million, $462.2 million, and $276.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,239.57 Bn | 3,810.53 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,536.44 Bn | 1,446.18 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn | 132.22 Mn |
| 4 | Baidu | 289.05 Bn | 284.56 Bn | 1.88 Mn | 4.19 Bn |
| 5 | Spotify Technology | 102.91 Bn | 92.67 Bn | 1.75 Bn | 512.79 Mn |
| 6 | Joyy | 77.90 Bn | 77.01 Bn | 205.64 Mn | -187.82 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 303,858.00 |
| 8 | Nebius | 49.17 Bn | 39.54 Bn | 295.20 Mn | 527.00 Mn |
| 9 | 30.51 Bn | 27.73 Bn | 734.60 Mn | 573.19 Mn | |
| 10 | Tencent Music Entertainment | 27.05 Bn | 24.35 Bn | 514.00 Mn | -176.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 527.00 Mn |
| Dec 31, 2025 | 462.20 Mn |
| Sep 30, 2025 | 276.30 Mn |
| Jun 30, 2025 | 216.30 Mn |
| Mar 31, 2025 | 171.20 Mn |
| Dec 31, 2024 | 171.70 Mn |
| Sep 30, 2024 | 112.70 Mn |
| Jun 30, 2024 | 126.70 Mn |
| Mar 31, 2024 | 94.30 Mn |
| Dec 31, 2023 | 100.20 Mn |
| Sep 30, 2023 | 82.60 Mn |
| Jun 30, 2023 | 83.10 Mn |
| Mar 31, 2023 | 161.31 Bn |
| Dec 31, 2022 | 158.65 Bn |
| Sep 30, 2022 | 122.37 Bn |
| Jun 30, 2022 | 109.00 Bn |
| Mar 31, 2022 | 118.44 Bn |
| Dec 31, 2021 | 112.93 Bn |
| Sep 30, 2021 | 96.99 Bn |
| Jun 30, 2021 | 86.13 Bn |