NBIS Q1 2025 Earnings — Income Statement Breakdown
For its Q1 2025 period (ending 2025-03-31), NBIS reported revenue of $55M, gross profit of $26M (46.7% gross margin), operating income of −$130M, and net income of −$114M (-205.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NBIS reported a net loss; revenue fell 94.7% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −94.7% | −100.9% | −1364.9 pp |
| Quarter over quarter | +45.9% | +16.8% | +155.0 pp |
Consensus estimate data is not available for this report.
NBIS Q1 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $55M | 100% |
| Cost of Revenue | −$30M | 53.3% |
| Gross Profit | $26M | 46.7% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$155M | 280.8% |
| Operating Income | −$130M | -234.2% |
| Other Income, net | $17M | 30.4% |
| Income Tax Expense | −$900,000 | 1.6% |
| Net Income | −$114M | -205.4% |
Source: original SEC filing (filed 2025-05-20). Accession 0001104659-25-050975. Data normalized by EarningsFyi.