Filing Flows › Nebius Group N.V. (NBIS) › FY2024
Nebius Group N.V. (NBIS) FY2024 earnings results (fiscal 2024)
20-F filed Apr 30, 2025
Nebius Group N.V. (NBIS) reported revenue of $118M for the fiscal 2024 (FY2024), -99% from a year earlier. Operating margin was -375.1%, net loss $641M (545.9% of revenue).
Nebius Group N.V., FY2024: revenue $118M (-99% year over year), operating margin -375.1%, net loss $641M, operating cash flow $246M. The chart follows the revenue to costs, profit and cash.
| FY2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $118M | — | -99% |
| Operating profit | −$441M | — | — |
| Net earnings | −$641M | — | — |
| Operating cash flow | $246M | — | -70% |
What changed
Revenue was $117.5M in FY2024, down 99% year over year.
Operating costs exceeded revenue by $440.7M, an operating margin of -375.1%. Total costs fell 94% while revenue fell 99%. The fastest-growing cost line was Cost of revenue (+130%). The year ended with a net loss of $641.4M.
Operating cash flow was $245.6M (down 70% year over year). Non-cash charges added back $77.1M of depreciation and amortization and $120.3M of share-based compensation. Working capital and other items added $689.6M. Capital expenditures of $807.5M exceeded it, leaving free cash flow of −$561.9M.
Questions
What was Nebius Group N.V.'s revenue in the fiscal 2024?
Nebius Group N.V.
Was Nebius Group N.V. profitable in the fiscal 2024?
Operating loss was $441M (-375.1% of revenue) and net loss $641M.
Source: Nebius Group N.V. 20-F on SEC EDGAR.