NBIS Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-09-30), NBIS reported revenue of $43M, gross profit of $24M (56.4% gross margin), operating income of −$87M, and net income of −$94M (-217.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NBIS reported a net loss; revenue fell 100.0% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −100.0% | −101.2% | −221.3 pp |
| Quarter over quarter | +73.9% | +3.4% | +174.0 pp |
Consensus estimate data is not available for this report.
NBIS Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $43M | 100% |
| Cost of Revenue | −$19M | 43.6% |
| Gross Profit | $24M | 56.4% |
| Research & Development | −$34M | 79.4% |
| Selling, General & Administrative | −$54M | 123.6% |
| Operating Income | −$87M | -200.9% |
| Other Income, net | −$8M | 18.7% |
| Income Tax Expense | −$600,000 | 1.4% |
| Net Income | −$94M | -217.6% |
Source: original SEC filing (filed 2024-10-31). Accession 0001104659-24-112875. Data normalized by EarningsFyi.