As of Q4'25, NBIS reported a ROE of -5.41%, ROA of -2.00%, and ROIC of -2.22%. This latest data point reflects a negative return across all three metrics, indicating operational challenges in the most recent quarter. From Q1'23 to Q4'25, the chart shows significant volatility in NBIS's profitability ratios. After positive performance in early 2023, all three metrics experienced sharp declines, with several quarters of negative returns, particularly throughout 2024. Notably, there was a brief spike in Q2'25 (ROE: 15.48%, ROA: 11.47%, ROIC: 11.67%), but this improvement was not sustained, as returns quickly reverted to negative territory by year-end 2025.