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NBIS Current Contract Liabilities

Current Contract Liabilities

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As of Q4'25, NBIS reported current contract liabilities of USD 1.58B, marking a dramatic surge from the previous quarter's USD 15.6M. This latest data point represents a significant and abrupt increase within the reported period. From Q1'23 to Q4'24, current contract liabilities generally trended downward, dropping from USD 180M to around USD 16.5M, with a sharp decline observed after Q4'23. The period from Q1'25 to Q3'25 showed modest fluctuations between USD 15.6M and USD 19.3M before the extraordinary spike in Q4'25. This pattern suggests a period of relative stability at lower levels, followed by a substantial inflection point at the end of the timeframe.