Nebius Group shares fall after Q4 2025 results disappoint investors

The pre- market trading saw a damp fourth quarter performance by Nebius Group (NBIS) as a revenue of about $227.7 million for the three months ending December 31, 2025 disappointed investors

Wall Street had hedged its bets on around $247.5 million of revenues for the company, but as the company missed it by a long shot, stuck prices went tumbling around 1.25% in pre-market trading right after the results were released, as per Investing.com. Even though revenue missed expectations, it still grew very fast — it was 547% higher than the $35.2 million revenue in the same quarter last year.

NBIS quarterly loss rises

Nebius also reported a net loss of $249.6 million in the quarter, which means the company lost money overall. This loss was much bigger than last year’s Q4 loss of $122.9 million, showing costs increased a lot. The company’s adjusted EBITDA was $15 million, which was positive but still lower than analyst expectations of $22.55 million. For the full year 2025, Nebius generated total revenue of about $529.8 million, which was a huge jump from $91.5 million in 2024.

The company’s operating expenses increased sharply, rising 169% year-over-year to $462.2 million in the fourth quarter. Depreciation and amortization costs also rose very fast, increasing 443% to $180.7 million, which added to overall expenses, as noted by Investing.com. Nebius spent heavily on infrastructure and equipment, with capital expenditures reaching $2.06 billion, much higher than last year’s $417.5 million.

Despite higher losses and spending, the company still had a strong cash position, ending the year with about $3.68 billion in cash and cash equivalents. This cash amount was higher than the $2.43 billion it had at the end of 2024, showing the company still has strong financial reserves.

FAQs

Q1. Why did Nebius Group shares fall?

Nebius Group shares fell because investors were unhappy with the company’s latest quarterly results.

Q2. How much revenue did Nebius Group report for Q4 2025?

The company reported about $227.7 million in revenue for the last three months of 2025.