NBIS Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2024-03-31), NBIS reported revenue of $1.0B, gross profit of $235M (22.5% gross margin), operating income of −$6.7B, and net income of $12.1B (1159.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NBIS was profitable; revenue fell 99.6% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −99.6% | +291.6% | +1162.0 pp |
Consensus estimate data is not available for this report.
NBIS Q1 2024 Income Statement
| Line item | Amount (RUB) | % of revenue |
|---|---|---|
| Revenue | $1.0B | 100% |
| Cost of Revenue | −$810M | 77.5% |
| Gross Profit | $235M | 22.5% |
| Research & Development | −$2.3B | 218.3% |
| Selling, General & Administrative | −$4.6B | 442.2% |
| Operating Income | −$6.7B | -638.0% |
| Other Income, net | $19.1B | 1832.0% |
| Income Tax Expense | −$361M | 34.5% |
| Net Income | $12.1B | 1159.4% |
Source: original SEC filing (filed 2024-04-26). Accession 0001513845-24-000012. Data normalized by EarningsFyi.