Filing Flows › Nebius Group N.V. (NBIS) › Q3 2025
Nebius Group N.V. (NBIS) Q3 2025 earnings results (third quarter 2025)
6-K filed Nov 12, 2025
Nebius Group N.V. (NBIS) reported revenue of $146M for the third quarter 2025 (Q3 2025), +355% from a year earlier. Operating margin was -89.1%, net loss $120M (81.9% of revenue).
Nebius Group N.V., Q3 2025: revenue $146M (+355% year over year), operating margin -89.1%, net loss $120M, operating cash flow −$80.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $146M | — | +355% |
| Operating profit | −$130M | — | — |
| Net earnings | −$120M | -124% | — |
| Operating cash flow | −$80.6M | — | — |
What changed
Revenue was $146.1M in Q3 2025, up 355% year over year.
Operating costs exceeded revenue by $130.2M, an operating margin of -89.1%. Total costs grew 145% against revenue growth of 355%. The fastest-growing cost line was Cost of revenue (+333%). The quarter ended with a net loss of $119.6M.
Operating cash flow was −$80.6M. Non-cash charges added back $99.0M of depreciation and amortization and $26.1M of share-based compensation. Working capital and other items used $86.1M. Capital expenditures of $955.5M exceeded it, leaving free cash flow of −$1,036.1M.
Questions
What was Nebius Group N.V.'s revenue in the third quarter 2025?
Nebius Group N.V.
Was Nebius Group N.V. profitable in the third quarter 2025?
Operating loss was $130M (-89.1% of revenue) and net loss $120M.
Source: Nebius Group N.V. 6-K on SEC EDGAR.