Nebius (NBIS) Research & Development (2010 - 2026)
Nebius' (NBIS) quarterly Research & Development came in at $191.0 million in Q2 2026, up 346.26% year-over-year from $42.8 million in Q2 2025, and up 183.38% quarter-over-quarter from $67.4 million in Q1 2026.
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Analysis
Nebius (NBIS) Research & Development (2010 - 2026) Analysis & Trends
Nebius has disclosed Research & Development across 17 years of filings, most recently posting $191.0 million for Q2 2026.
- In Q2 2026, Research & Development rose 346.26% year-over-year to $191.0 million; the TTM figure through Jun 2026 stood at $356.4 million (up 149.93% YoY), while the FY2025 annual figure was $177.3 million, up 54.44% from the prior year.
- Research & Development came in at $191.0 million for Q2 2026 at Nebius, up from $67.4 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $25.5 billion in Q3 2023 to a low of $25.2 million in Q1 2024.
- Average Research & Development over 5 years is $4.9 billion, with a median of $44.9 million recorded in 2025.
- Year-over-year, Research & Development plunged 99.88% in 2024 and soared 346.26% in 2026.
- Over 5 years, Research & Development stood at $19.2 billion in 2022, then sank by 99.86% to $27.4 million in 2023, then advanced by 16.42% to $31.9 million in 2024, then surged by 66.46% to $53.1 million in 2025, then soared by 259.7% to $191.0 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $191.0 million in Q2 2026, $67.4 million in Q1 2026, and $53.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,833.59 Bn | 3,756.75 Bn | 60.48 Bn | 10.00 Bn |
| 2 | International Business Machines | 212.47 Bn | 163.37 Bn | 9.91 Bn | 2.31 Bn |
| 3 | Cloudflare | 112.40 Bn | 95.93 Bn | 499.52 Mn | 159.49 Mn |
| 4 | Equinix | 99.47 Bn | 88.02 Bn | 1.40 Bn | - |
| 5 | Nebius | 60.05 Bn | 33.48 Bn | 448.70 Mn | 191.00 Mn |
| 6 | CoreWeave | 48.26 Bn | 35.35 Bn | 1.70 Bn | - |
| 7 | Verisign | 25.97 Bn | 23.18 Bn | 384.60 Mn | 27.50 Mn |
| 8 | Nutanix | 18.41 Bn | 10.09 Bn | 651.35 Mn | 205.05 Mn |
| 9 | Akamai Technologies | 16.36 Bn | 9.77 Bn | 613.75 Mn | 148.82 Mn |
| 10 | DigitalOcean Holdings | 14.67 Bn | 12.67 Bn | 154.66 Mn | 57.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 191.00 Mn |
| Mar 31, 2026 | 67.40 Mn |
| Dec 31, 2025 | 53.10 Mn |
| Sep 30, 2025 | 44.90 Mn |
| Jun 30, 2025 | 42.80 Mn |
| Mar 31, 2025 | 36.50 Mn |
| Dec 31, 2024 | 31.90 Mn |
| Sep 30, 2024 | 31.40 Mn |
| Jun 30, 2024 | 32.00 Mn |
| Mar 31, 2024 | 25.20 Mn |
| Dec 31, 2023 | 27.40 Mn |
| Sep 30, 2023 | 25.50 Bn |
| Jun 30, 2023 | 28.70 Mn |
| Mar 31, 2023 | 2.18 Bn |
| Dec 31, 2022 | 19.23 Bn |
| Jun 30, 2022 | 16.83 Bn |
| Mar 31, 2022 | 19.16 Bn |
| Dec 31, 2021 | 14.00 Bn |
| Sep 30, 2021 | 12.22 Bn |
| Jun 30, 2021 | 11.23 Bn |
API Access
Nebius Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=NBIS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "NBIS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=NBIS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();