How Nebius Group (NBIS) Makes Money: A Visual Guide

Nebius Group (NBIS) generated $534.20M in revenue (TTM through Q4 2025), earning $101.60M in net profit (19% margin). Below is an interactive breakdown of how revenue flows through the income statement.

Nebius Group (NBIS) Income Statement Flow

Frequently asked questions

How much revenue does Nebius Group (NBIS) generate?

Nebius Group (NBIS) generated $534.20M in total revenue for TTM through Q4 2025 with a net profit margin of 19%.

What is Nebius Group (NBIS) gross profit margin?

Nebius Group (NBIS) reported a gross profit margin of 68% for TTM through Q4 2025, equivalent to $363.20M in gross profit. This means Nebius Group retains 68% of each revenue unit after direct costs of production.

What is Nebius Group (NBIS) operating profit margin?

Nebius Group (NBIS) reported an operating profit margin of -113.3% for TTM through Q4 2025, equivalent to −$605.40M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Nebius Group (NBIS) net profit margin?

Nebius Group (NBIS) reported a net profit margin of 19% for TTM through Q4 2025, equivalent to $101.60M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Nebius Group (NBIS) invest in R&D?

Nebius Group (NBIS) invested $180.80M in research and development in TTM through Q4 2025 (33.8% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does Nebius Group (NBIS) spend on capital expenditures?

Nebius Group (NBIS) spent $3.01B on capital expenditures in TTM through Q4 2025 (563.7% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Nebius Group (NBIS) free cash flow?

Nebius Group (NBIS) generated −$2.26B in free cash flow for TTM through Q4 2025 (-422.6% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Nebius Group (NBIS) effective tax rate?

Nebius Group (NBIS) had an effective tax rate of 16.9% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

About this data

What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
Based on company filings through TTM through Q4 2025.