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Filing Flows › Nebius Group N.V. (NBIS) › R&D spending

Nebius Group N.V. (NBIS) R&D spending by quarter

Nebius Group N.V.'s R&D spending was $191M in Q2 2026 (second quarter 2026), +183% from Q1 2026. Over the last 6 quarters it ranged from $40.0M (Q1 2025) to $191M (Q2 2026).

Nebius Group N.V. R&D spending by quarterNebius Group N.V. R&D spending by quarter$40.0MQ1 2025$42.8MQ2 2025$44.9MQ3 2025$53.1MQ4 2025$67.4MQ1 2026$191MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$191M+183%+346%
Q1 2026$67.4M+27%+68%
Q4 2025$53.1M+18%—
Q3 2025$44.9M+5%—
Q2 2025$42.8M+7%—
Q1 2025$40.0M——

Q2 2026 at a glance

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 follows the revenue to costs, profit and cash.

Questions

What is Nebius Group N.V.'s R&D spending?

Nebius Group N.V.'s R&D spending was $191M in Q2 2026 (second quarter 2026), +183% from Q1 2026.

How has Nebius Group N.V.'s R&D spending changed?

Over the last 6 quarters it ranged from $40.0M (Q1 2025) to $191M (Q2 2026).

Q2 2026 results → · How Nebius Group N.V. makes money →