NBIS Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2025-09-30), NBIS reported revenue of $146M, gross profit of $103M (70.6% gross margin), operating income of −$130M, and net income of −$120M (-81.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NBIS reported a net loss; revenue grew 237.4% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +237.4% | −27.0% | +135.7 pp |
| Quarter over quarter | +164.2% | −5.3% | +123.6 pp |
Consensus estimate data is not available for this report.
NBIS Q3 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $146M | 100% |
| Cost of Revenue | −$43M | 29.4% |
| Gross Profit | $103M | 70.6% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$233M | 159.8% |
| Operating Income | −$130M | -89.1% |
| Other Income, net | $11M | 7.5% |
| Income Tax Expense | −$300,000 | 0.2% |
| Net Income | −$120M | -81.9% |
Source: original SEC filing (filed 2025-11-13). Accession 0001104659-25-110831. Data normalized by EarningsFyi.