Earnings release

Nebius Group N.V. Nebius Group N.V. · Q4 2025

ReportedFeb 12, 2026
Period endedDec 31, 2025
Rule of 40n/m

The quarter in short

Revenue $228M, up 546.9% year over year and 55.9% on the quarter. EPS −$1.03, down 134.1% year over year and 110.2% on the quarter. Free cash flow −$1.22B, down 131.2% year over year and 17.9% on the quarter.

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Q4 2025 across the sector

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