Nebius (NBIS) Operating Expenses (2010 - 2026)

Nebius has disclosed Operating Expenses across 17 years of filings, most recently posting $758.2 million for Q2 2026.

• In Q2 2026, Operating Expenses rose 250.53% year-over-year to $758.2 million; the TTM figure through Jun 2026 stood at $2.0 billion (up 201.19% YoY), while the FY2025 annual figure was $1.1 billion, up 132.44% from the prior year.
• Operating Expenses came in at $758.2 million for Q2 2026 at Nebius, up from $527.0 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.
• Average Operating Expenses over 5 years is $32.4 billion, with a median of $216.3 million recorded in 2025.
• Year-over-year, Operating Expenses plunged 99.94% in 2024 and soared 250.53% in 2026.
• Over 5 years, Operating Expenses stood at $158.7 billion in 2022, then plunged 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 surged by 64.04% to $758.2 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $758.2 million in Q2 2026, $527.0 million in Q1 2026, and $462.2 million in Q4 2025.