Nebius Group N.V. income statement & cash flow
In the fiscal year ended Dec 31, 2025, Nebius Group N.V. reported net income of $82.50M on revenue of $529.80M. Operating cash flow was $384.80M and capital expenditures were $4.07B, leaving −$3.68B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.25B | $1.63B | $1.84B | $2.22B | $2.96B | $4.79B | $13.50M | $9.80M | $91.50M | $529.80M |
| Operating income | $211.80M | $226.30M | $300.30M | $313.30M | $220.00M | −$178.70M | −$158.00M | −$285.70M | −$399.60M | −$611.70M |
| Net income | $111.80M | $150.30M | $660.10M | $142.00M | $326.90M | −$197.20M | $745.60M | $241.30M | −$641.40M | $82.50M |
| Diluted EPS | $0.34 | $0.46 | $2.04 | $0.48 | $0.98 | −$0.54 | $1.59 | $0.65 | −$2.28 | $0.33 |
| Operating cash flow | $419.60M | $412.70M | $406.10M | $562.80M | $441.30M | $125.10M | $697.00M | $829.80M | $245.60M | $384.80M |
| Capital expenditures | $158.70M | $215.10M | $407.70M | $260.50M | $332.30M | $600.60M | $14.60M | $82.90M | $807.50M | $4.07B |
| Reported in | 20-F 2017 | 20-F 2018 | 20-F 2019 | 20-F/A 2020 | 20-F 2021 | 20-F 2022 | 20-F 2025 | 20-F 2026 | 20-F 2026 | 20-F 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | -115.5% | 15.6% |
| Dec 2024 | — | -436.7% | -701.0% |
| Dec 2023 | — | -2915.3% | 2462.2% |
| Dec 2022 | — | -1170.4% | 5523.0% |
| Dec 2021 | — | -3.7% | -4.1% |
Source: SEC EDGAR XBRL company facts for CIK 1513845 (raw data). Most recent filing in this dataset: 20-F filed Apr 30, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.