NBIS Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-06-30), NBIS reported revenue of $25M, gross profit of $7M (27.3% gross margin), operating income of −$122M, and net income of −$98M (-391.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NBIS reported a net loss; revenue fell 97.6% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −97.6% | −100.8% | −1551.0 pp |
Consensus estimate data is not available for this report.
NBIS Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $25M | 100% |
| Cost of Revenue | −$18M | 72.7% |
| Gross Profit | $7M | 27.3% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$129M | 518.9% |
| Operating Income | −$122M | -491.6% |
| Other Income, net | $29M | 114.5% |
| Income Tax Expense | −$4M | 14.5% |
| Net Income | −$98M | -391.6% |
Source: original SEC filing (filed 2024-08-01). Accession 0001513845-24-000024. Data normalized by EarningsFyi.