Filing Flows › Nebius Group N.V. (NBIS) › Q2 2025
Nebius Group N.V. (NBIS) Q2 2025 earnings results (second quarter 2025)
6-K filed Aug 7, 2025
Nebius Group N.V. (NBIS) reported revenue of $105M for the second quarter 2025 (Q2 2025), +625% from a year earlier. Operating margin was -105.8%, net earnings $502M (478.1% of revenue).
Nebius Group N.V., Q2 2025: revenue $105M (+625% year over year), operating margin -105.8%, net earnings $502M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105M | — | +625% |
| Operating profit | −$111M | — | — |
| Net earnings | $502M | — | — |
What changed
Revenue was $105.1M in Q2 2025, up 625% year over year.
Operating costs exceeded revenue by $111.2M, an operating margin of -105.8%. Total costs grew 71% against revenue growth of 625%. The fastest-growing cost line was Depreciation & amortization (+560%). Net earnings were $502.5M. The effective tax rate was 0.2%. Non-operating items added $614.5M, 122% of pre-tax earnings, so the bottom line overstates operating performance.
Questions
What was Nebius Group N.V.'s revenue in the second quarter 2025?
Nebius Group N.V.
Was Nebius Group N.V. profitable in the second quarter 2025?
Operating loss was $111M (-105.8% of revenue) and net earnings $502M.
Source: Nebius Group N.V. 6-K on SEC EDGAR.