Nebius (NBIS) Operating Expenses (2018 - 2026)
Nebius recorded quarterly Operating Expenses of $527.0 million in Q1 2026, up 207.83% quarter-over-quarter from $171.2 million in Q1 2025, and up 207.83% year-over-year from $171.2 million in Q1 2025.
Nebius' Operating Expenses history runs 3 years deep, the most recent figure standing at $527.0 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 207.83% year-over-year to $527.0 million; the TTM figure through Mar 2026 stood at $698.2 million (up 307.83% YoY), while the FY2025 annual figure 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 $171.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $527.0 million in Q1 2026 to a low of $171.2 million in Q1 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,516.07 Bn | 4,300.46 Bn | 102.29 Bn | 70.20 Bn |
| 2 | Meta Platforms | 1,527.96 Bn | 1,446.78 Bn | 46.09 Bn | 33.44 Bn |
| 3 | Spotify Technology | 122.61 Bn | 112.37 Bn | 1.75 Bn | 512.79 Mn |
| 4 | 33.97 Bn | 31.20 Bn | 511.94 Mn | 480.50 Mn | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | 527.00 Mn |
| 6 | 13.66 Bn | 12.37 Bn | 768.96 Mn | 1.09 Bn | |
| 7 | Kanzhun | 13.03 Bn | 10.93 Bn | 255.62 Bn | -209.66 Bn |
| 8 | Snap | 9.94 Bn | 7.12 Bn | 1.29 Bn | 1.60 Bn |
| 9 | Match | 8.60 Bn | 7.57 Bn | 653.28 Mn | 627.52 Mn |
| 10 | Zillow | 8.57 Bn | 7.79 Bn | 519.00 Mn | 483.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 527.00 Mn |
| Mar 31, 2025 | 171.20 Mn |
| Dec 31, 2018 | 120.68 Mn |