Nebius reported capital expenditure of $4.07B for fiscal 2025, +403.4% versus $808M in fiscal 2024.
Capex equals 767% of fiscal-year revenue ($530M).
The highest single reported period was $4.07B (period ending 2025-12-31).
The latest reported period, FY2025, shows $4.07B; the dataset covers 15 reported periods (2011–2025), all from SEC XBRL filings.
Every capital-expenditure figure Nebius has reported to the SEC, unedited. Capex is the XBRL concept PaymentsToAcquirePropertyPlantAndEquipment; a capex/revenue ratio above 100% means the company is investing more than it earns to secure capacity. Each row links to the filing it came from.
| Fiscal year | Capex | YoY |
|---|---|---|
| FY2025 | $4.07B | +403% |
| FY2024 | $808M | -20% |
| FY2023 | $1.01B | +41% |
| FY2022 | $719M | +20% |
| FY2021 | $601M | +81% |
| FY2020 | $332M | +28% |
| FY2019 | $261M | -36% |
| FY2018 | $408M | +90% |
| FY2017 | $215M | +36% |
| FY2016 | $159M | -11% |
| FY2015 | $179M | +4% |
| FY2014 | $172M | +14% |
| FY2013 | $151M | +15% |
| FY2012 | $131M | -24% |
| FY2011 | $173M | — |
| Period end | Period | Capex |
|---|---|---|
| 2025-12-31 | FY2025 FY | $4.07B |
| 2024-12-31 | FY2024 FY | $808M |
| 2023-12-31 | FY2023 FY | $1.01B |
| 2022-12-31 | FY2022 FY | $719M |
| 2021-12-31 | FY2021 FY | $601M |
| 2020-12-31 | FY2020 FY | $332M |
| 2019-12-31 | FY2019 FY | $261M |
| 2018-12-31 | FY2018 FY | $408M |
| 2017-12-31 | FY2017 FY | $215M |
| 2016-12-31 | FY2016 FY | $159M |
| 2015-12-31 | FY2015 FY | $179M |
| 2014-12-31 | FY2014 FY | $172M |
| 2013-12-31 | FY2013 FY | $151M |
| 2012-12-31 | FY2012 FY | $131M |
| 2011-12-31 | FY2011 FY | $173M |
Source: SEC XBRL company-concept API, concept PaymentsToAcquirePropertyPlantAndEquipment, CIK 1513845. See Methodology.