Nebius Group N.V.(US:NBIS) Businesswire·2026-02-12 13:34Core Insights - Nebius Group N.V. reported its unaudited financial results for Q4 and the full year 2025, highlighting significant changes in revenue and losses compared to the previous year [1] Financial Performance - Q4 2025 revenues decreased to $27.75 million, a 47% decline from $35.22 million in Q4 2024 - Full-year revenues for 2025 were $529.84 million, a 79% decrease from $915.52 million in 2024 - Adjusted EBITDA improved to a profit of $15.0 million in Q4 2025 from a loss of $63.9 million in Q4 2024, while the full-year adjusted EBITDA loss decreased to $64.9 million from $226.3 million in 2024 [1][2] - Net loss from continuing operations for Q4 2025 was $249.6 million, compared to a loss of $122.9 million in Q4 2024, marking a 103% increase in losses [1][3] Operating Expenses - Cost of revenues increased significantly to $166.2 million in 2025 from $43.7 million in 2024, representing a 280% increase - Product development costs rose to $177.3 million in 2025, up 54% from $114.8 million in 2024 - Sales, general, and administrative expenses also increased to $378.5 million in 2025, an increase of 48% from $255.5 million in 2024 [1][4] Cash Flow and Investments - Cash provided by operating activities for continuing operations was $834.3 million in Q4 2025, a significant turnaround from a cash used of $73.1 million in Q4 2024 - Total cash and cash equivalents increased to $3.68 billion by the end of 2025, up from $2.43 billion at the end of 2024 [1][3] - Purchases of property and equipment surged to $2.06 billion in 2025, a 392% increase from $417.5 million in 2024 [1][4] Shareholder Information - As of December 31, 2025, the total number of shares outstanding was 253,016,971, including 219,465,088 Class A shares and 33,551,883 Class B shares [1][3]