The latest data point for NBIS's net income in Q4'25 shows a loss of $250M USD, marking a continuation of negative performance in the latter half of the fiscal year despite an earlier rebound. This figure represents a year-over-year decline of 87%, highlighting ongoing profitability challenges amid broader market pressures. Over the period from Q1'23 to Q4'25, net income exhibited high volatility, starting with positive values peaking at $157M in Q2'23 before swinging to a loss of $70M in Q4'23 and deeper deficits reaching -$133M in Q4'24. A notable recovery occurred in Q2'25 with a strong gain of $585M and a remarkable 699% YoY growth, but this was followed by sharp declines in Q3'25 (-$120M) and Q4'25, resulting in an overall downward trend with cumulative losses dominating recent quarters and inconsistent YoY changes ranging from -185% to +699%. The bar chart underscores these fluctuations, suggesting potential operational or seasonal factors impacting stability.