Financial Statements — NBIS
Balance Sheet
(in billions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 3.68 | 2.45 | 96.52 | 83.13 | 79.28 | 132.40 | 56.42 |
| Short-term Investments | -- | -- | -- | -- | 4.05 | -- | -- |
| Accounts Receivable | 0.72 | 0.01 | 85.44 | 58.01 | 0.59 | 25.44 | 0.23 |
| Inventory | -- | -- | 21.28 | 28.22 | 0.13 | 0.07 | 0.81 |
| Total Current Assets | 4.71 | 2.53 | 310.90 | 3.41 | 2.69 | 290.40 | 120.28 |
| Property, Plant & Equipment | 5.55 | 0.85 | 193.92 | 1.82 | 1.32 | 61.77 | 47.86 |
| Goodwill | -- | -- | 1.59 | 143.78 | 1.59 | 104.28 | 0.66 |
| Intangible Assets | 0.02 | 0.00 | 26.57 | 30.02 | 0.29 | 21.07 | 9.79 |
| Total Non-current Assets | 7.72 | 1.02 | 5.30 | 376.79 | 315.52 | 225.21 | 138.07 |
| Total Assets | 12.43 | 3.55 | 786.63 | 8.77 | 6.94 | 6.98 | 291.13 |
| Accounts Payable | 1.21 | 0.24 | 193.45 | 122.82 | 84.50 | 43.63 | 34.98 |
| Total Current Liabilities | 1.53 | 0.26 | 347.66 | 187.84 | 111.11 | 0.84 | 46.54 |
| Long-term Debt | 4.10 | -- | 1.58 | 0.73 | -- | -- | -- |
| Total Non-current Liabilities* | 6.31 | 0.03 | 1.59 | 1.29 | 1.77 | 104.63 | 15.15 |
| Total Liabilities | 7.84 | 0.29 | 490.34 | 278.54 | 242.57 | 166.35 | 61.69 |
| Retained Earnings | 3.30 | 3.22 | 193.58 | 2.47 | 1.77 | 146.99 | 122.19 |
| Total Stockholder Equity | 4.59 | 3.25 | 296.28 | 4.50 | 258.18 | 326.00 | 2.47 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 0.53 | 0.12 | 800.13 | 92.00 | 0.75 | 0.27 | 175.39 |
| Cost of Revenue | 0.17 | 0.07 | 360.03 | 3.32 | 2.34 | 85.73 | 55.79 |
| Gross Profit | 0.36 | 0.04 | 4.91 | 4.10 | 2.45 | 1.80 | 119.60 |
| Research & Development | 0.18 | 0.13 | 102.99 | 72.28 | 0.65 | 0.49 | 0.37 |
| Selling, General & Admin | 0.38 | 0.28 | 267.55 | 2.45 | 1.65 | 62.34 | 0.64 |
| Total Operating Expenses | 0.98 | 0.48 | 411.63 | 3.91 | 2.63 | 116.36 | 1.20 |
| Operating Income | (0.61) | (0.44) | 28.46 | 0.19 | (13.28) | 16.25 | 24.70 |
| Interest Expense | -- | -- | 10.86 | 3.40 | 3.71 | 0.03 | 0.00 |
| Pretax Income | 0.01 | (0.39) | 0.48 | 70.35 | (0.10) | 37.20 | 0.29 |
| Tax Provision | 0.00 | -0.00 | 0.24 | 0.32 | 7.43 | 0.18 | 11.66 |
| Net Income | 0.08 | (0.64) | 19.87 | 0.56 | (0.20) | 0.33 | 0.14 |
| Basic EPS | 0.34 | (2.28) | 53.58 | 107.24 | (40.48) | 74.87 | 0.50 |
| Diluted EPS | 0.33 | (2.28) | 53.26 | 82.53 | (0.54) | 0.98 | 38.21 |
Cash Flow Statement
(in billions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 0.38 | 0.25 | 70.28 | 41.69 | 9.29 | 0.44 | 0.56 |
| Capital Expenditures | 4.07 | 0.81 | 1.01 | 50.54 | 0.60 | 24.55 | 20.54 |
| Free Cash Flow* | (3.68) | (0.56) | 69.27 | (8.86) | 8.69 | (24.11) | (19.98) |
| Investing Cash Flow | (4.23) | 0.31 | (106.94) | (22.74) | 0.30 | (1.62) | (0.62) |
| Financing Cash Flow | 5.13 | 0.83 | 0.47 | (0.08) | (1.14) | 139.68 | (0.03) |
* Derived from reported values
