NBIS

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Nebius Group N.V.

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Key Metrics

Previous Close: $223.90
52-Week Range: $63.26 – $299.86
Market Cap: $59.84B
P/E (TTM): —
EPS (TTM): -0.07
Dividend Yield: —

Advanced Metrics

Price/Book: 5.84
PEG Ratio: 0.63
Return on Equity: 0.60%
Return on Assets: -1.92%
Gross Margin: 74.26%
Operating Margin: -0.22%
Profit Margin: 3.13%
Current Ratio: 4.03
Debt/Equity: 0.99
Total Debt: $10.20B
Free Cash Flow: $-9.61B
Revenue Growth: 454.00%
Earnings Growth: —
Enterprise Value: $62.49B

NBIS Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$13.50M	$9.80M	$91.50M	$529.80M
Cost of Revenue	$28.40M	$19.60M	$43.70M	$166.20M
Gross Profit	-$14.90M	-$9.80M	$47.80M	$363.60M
Research & Development	$58.30M	$87.10M	$114.80M	$177.30M
Selling, General & Admin	$57.30M	$159.50M	$255.50M	$380.10M
Operating Expenses	$143.10M	$275.90M	$447.40M	$975.30M
Operating Income	-$158.00M	-$285.70M	-$399.60M	-$611.70M
EBITDA	-$128.50M	-$260.60M	-$267.20M	$543.80M
Pretax Income	-$178.90M	-$297.00M	-$353.00M	$13.80M
Income Tax	$1.10M	$2.00M	-$1.00M	$4.00M
Net Income	$745.60M	$241.30M	-$641.40M	$82.50M
Diluted EPS	1.59	0.60	-2.28	0.40
Diluted Shares	368.02M	373.06M	281.01M	253.02M

NBIS Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.12B	$116.10M	$2.43B	$3.68B
Receivables	$1.42B	$11.50M	$40.50M	$853.70M
Inventory	$378.79M	$240.38M	—	—
Current Assets	$3.22B	$3.45B	$2.53B	$4.71B
Total Assets	$8.28B	$8.76B	$3.55B	$12.43B
Current Liabilities	$2.52B	$3.87B	$264.00M	$1.53B
Long-Term Debt	$401.14M	$558.56M	—	$4.10B
Total Debt	$1.39B	$26.20M	$49.50M	$4.97B
Total Liabilities	$3.74B	$5.46B	$294.90M	$7.84B
Retained Earnings	$2.33B	$3.86B	$3.22B	$3.30B
Shareholders' Equity	$4.25B	$3.29B	$3.25B	$4.59B
Working Capital	$699.19M	-$416.90M	$2.27B	$3.18B
Net Debt	—	$508.02M	—	$449.60M

NBIS Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$697.00M	$829.80M	$245.60M	$384.80M
Capital Expenditure	-$14.60M	-$82.90M	-$807.50M	-$4.07B
Free Cash Flow	$682.40M	$746.90M	-$561.90M	-$3.68B
Depreciation & Amortisation	$29.50M	$36.40M	$85.80M	$468.50M
Stock-Based Compensation	$9.60M	$28.80M	$54.50M	$83.20M
Investing Cash Flow	-$403.10M	-$1.21B	$311.60M	-$4.23B
Financing Cash Flow	-$100.30M	$375.60M	$825.50M	$5.13B
Share Repurchases	$0.00	$0.00	—	—
Net Change in Cash	$193.60M	-$6.70M	$1.38B	$1.28B

NBIS Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$50.90M	$100.70M	$146.10M	$227.70M	$399.00M
Cost of Revenue	$24.70M	$25.30M	$42.90M	$68.50M	$103.80M
Gross Profit	$26.20M	$75.40M	$103.20M	$159.20M	$295.20M
Research & Development	$36.50M	$39.30M	$44.90M	$53.10M	$67.40M
Selling, General & Admin	$60.90M	$63.00M	$89.50M	$161.50M	$143.80M
Operating Expenses	$146.50M	$177.40M	$233.40M	$409.20M	$423.20M
Operating Income	-$120.30M	-$102.00M	-$130.20M	-$250.00M	-$128.00M
EBITDA	-$47.30M	$618.90M	$6.60M	-$8.30M	$920.90M
Pretax Income	-$103.40M	$512.60M	-$119.90M	-$266.20M	$615.40M
Income Tax	$900.00K	$800.00K	-$300.00K	$2.60M	-$5.80M
Net Income	-$113.50M	$584.50M	-$119.60M	-$268.80M	$621.20M
Diluted EPS	-0.48	2.44	-0.50	-0.99	2.11
Diluted Shares	237.92M	238.71M	241.07M	253.02M	308.97M

NBIS Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$1.45B	$1.68B	$4.79B	$3.68B	$9.30B
Receivables	$108.70M	$215.40M	$237.10M	$853.70M	$1.53B
Current Assets	$1.68B	$2.03B	$5.22B	$4.71B	$11.24B
Total Assets	$3.44B	$5.10B	$10.10B	$12.43B	$22.30B
Current Liabilities	$93.50M	$138.10M	$794.60M	$1.53B	$1.35B
Long-Term Debt	—	$978.20M	$4.09B	$4.10B	$8.43B
Total Debt	$187.80M	$1.22B	$4.57B	$4.97B	$9.50B
Total Liabilities	$275.20M	$1.32B	$5.29B	$7.84B	$15.06B
Retained Earnings	$3.10B	$3.69B	$3.57B	$3.30B	$3.92B
Shareholders' Equity	$3.16B	$3.78B	$4.81B	$4.59B	$7.24B
Working Capital	$1.59B	$1.89B	$4.42B	$3.18B	$9.89B
Net Debt	—	—	—	$449.60M	—

NBIS Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$197.50M	-$171.60M	-$80.40M	$834.30M	$2.26B
Capital Expenditure	-$543.90M	-$510.60M	-$955.50M	-$2.06B	-$2.47B
Free Cash Flow	-$741.40M	-$682.20M	-$1.04B	-$1.22B	-$214.90M
Depreciation & Amortisation	$56.10M	$84.70M	$111.80M	$215.90M	$241.80M
Stock-Based Compensation	$17.50M	$14.60M	$26.20M	$24.90M	$35.30M
Investing Cash Flow	-$544.00M	-$602.30M	-$952.00M	-$2.13B	-$2.64B
Financing Cash Flow	-$181.50M	$1.00B	$4.20B	$106.40M	$6.30B
Net Change in Cash	-$923.00M	$226.10M	$3.17B	-$1.19B	$5.91B

Market Snapshot

About

Nebius Group N.V. provides AI infrastructure and cloud computing services following its separation from Yandex operations. The company offers GPU-powered cloud platforms, data center services, and tools for training and deploying large language models. Nebius focuses on serving AI developers and enterprises requiring high-performance computing resources for machine learning workloads.