Nebius (NBIS) Research & Development (2010 - 2026)
Nebius (NBIS) posted Research & Development of $191 million for the quarter ended Jun 30, 2026, up 346.3% from $42.8 million a year earlier and up 183.4% from the prior quarter.
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Analysis
Nebius (NBIS) Research & Development (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Nebius was $356.4 million, up 149.9% year-over-year; for the year ended Dec 31, 2025, it came in at $177.3 million, up 54.4% from the prior year.
- Annual Research & Development has increased for three consecutive years, though with a five-year compound annual growth rate of -18.9% (years ended Dec 2020 to Dec 2025).
- In prior years, Nebius' Research & Development was $114.8 million in the year ended Dec 31, 2024 (+31.8%), $87.1 million in the year ended Dec 31, 2023 (+49.4%), $58.3 million in the year ended Dec 31, 2022 (-91.3%) and $667.23 million in the year ended Dec 31, 2021 (+31.9%).
- The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Research & Development since the quarter ended Sep 30, 2023.
- On a year-over-year basis, Research & Development has increased in each of the last seven quarters, with growth averaging 66.9% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was the quarter ended Jun 30, 2026, with growth of 346.3%; the weakest was the quarter ended Sep 30, 2024, with a decline of 99.9%.
- According to Business Quant data, Research & Development for the three prior quarters was $67.4 million (quarter ended Mar 31, 2026), $53.1 million (quarter ended Dec 31, 2025) and $44.9 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 10.00 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 2.31 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 159.49 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | - |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 191.00 Mn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | - |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 27.50 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 205.05 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | - |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 148.82 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 |
| Sep 30, 2022 | 17.06 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 |
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();