Filing Flows › Nebius Group N.V. (NBIS) › Q1 2026
Nebius Group N.V. (NBIS) Q1 2026 earnings results (first quarter 2026)
6-K filed May 13, 2026
Nebius Group N.V. (NBIS) reported revenue of $399M for the first quarter 2026 (Q1 2026). Operating margin was -32.1%, net earnings $621M (155.7% of revenue).
Nebius Group N.V., Q1 2026: revenue $399M, operating margin -32.1%, net earnings $621M, operating cash flow $2.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $399M | — | — |
| Operating profit | −$128M | — | — |
| Net earnings | $621M | — | — |
| Operating cash flow | $2.3B | — | — |
What changed
Revenue was $399.0M in Q1 2026.
Operating costs exceeded revenue by $128.0M, an operating margin of -32.1%. Net earnings were $621.2M. The effective tax rate was -0.9%. Non-operating items added $743.4M, 121% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2,258.0M, 363% of net earnings. Non-cash charges added back $212.0M of depreciation and amortization and $35.3M of share-based compensation. Working capital and other items added $1,389.5M. Capital expenditures of $2,472.9M exceeded it, leaving free cash flow of −$214.9M.
Questions
What was Nebius Group N.V.'s revenue in the first quarter 2026?
Nebius Group N.V.
Was Nebius Group N.V. profitable in the first quarter 2026?
Operating loss was $128M (-32.1% of revenue) and net earnings $621M.
Source: Nebius Group N.V. 6-K on SEC EDGAR.