Nebius Group Announces 2025 Financial Results

Nebius Group N.V. has released its financial results for the fourth quarter and the full year of 2025. The company experienced significant growth, with revenues for the quarter rising from $35.2 million in 2024 to $227.7 million, marking an increase of 547%. However, the net loss from continuing operations widened to $249.6 million from $122.9 million, indicating a challenging year.

Operating expenses increased substantially, with total costs climbing to $1.126 billion for the year, up 129%. This was driven by rising costs in product development and administrative expenses. Cash flow from operating activities showed a notable improvement with $834.3 million generated in Q4, compared to a negative cash flow in 2024.

These results reflect the firm's growth strategy focused on AI infrastructure and its autonomous vehicle platform Avride. Despite the challenges, Nebius continues to invest heavily in property and equipment, totaling $4.066 billion in 2025.