Filing Flows › Nebius Group N.V. (NBIS) › Q2 2026 › vs Q1 2026
Nebius Group N.V. (NBIS) Q2 2026 vs Q1 2026 (quarter over quarter)
Nebius Group N.V.'s revenue rose $183M (+46%) from $399M in Q1 2026 to $582M in Q2 2026.
Nebius Group N.V., Q2 2026: revenue $582M (+454% year over year), operating margin -30.2%, net loss $190M, operating cash flow $2.2B. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $582M | $399M | $183M | +46% |
| Net loss | $190M | −$621M | $812M | — |
| Costs & expenses | $773M | $1.1B | −$376M | -33% |
| Operating costs | $758M | $527M | $231M | +44% |
| Income tax | $13.7M | −$5.8M | $19.5M | — |
| Cost of revenue | $134M | $104M | $29.8M | +29% |
| Research & development | $191M | $67.4M | $124M | +183% |
| SG&A | $174M | $144M | $30.1M | +21% |
| Depreciation & amortization | $260M | $212M | $47.7M | +23% |
| Operating cash sources | $2.4B | $1.6B | $800M | +49% |
| Depreciation & amortization | $260M | $212M | $47.7M | +23% |
| Share-based compensation | $102M | $35.3M | $67.2M | +190% |
| Working capital & other | $2.1B | $1.4B | $685M | +49% |
| Net loss absorbed | $190M | −$621M | $812M | — |
| Operating cash flow | $2.2B | $2.3B | −$11.9M | -0.5% |
| Capital expenditures | $5.7B | $2.5B | $3.2B | +129% |
| Negative free cash flow (OCF − capex) | $3.4B | $215M | $3.2B | 16× |
Questions
How much did Nebius Group N.V.'s revenue grow quarter over quarter in Q2 2026?
Nebius Group N.V.'s revenue rose $183M (+46%) from $399M in Q1 2026 to $582M in Q2 2026.