NBIS Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), NBIS reported revenue of $228M, gross profit of $159M (69.9% gross margin), operating income of −$235M, and net income of −$250M (-109.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NBIS reported a net loss; revenue grew 500.8% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +500.8% | −82.7% | +250.8 pp |
| Quarter over quarter | +311.8% | −119.7% | +95.8 pp |
Consensus estimate data is not available for this report.
NBIS Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $228M | 100% |
| Cost of Revenue | −$69M | 30.1% |
| Gross Profit | $159M | 69.9% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$394M | 172.9% |
| Operating Income | −$235M | -103.0% |
| Other Income, net | −$13M | 5.5% |
| Income Tax Expense | −$3M | 1.1% |
| Net Income | −$250M | -109.6% |
Source: original SEC filing (filed 2026-02-12). Accession 0001104659-26-013946. Data normalized by EarningsFyi.