Pricing Log in Create free account
Monday 9 November 2026 Export NBIS’s income statement to Excel — free account

Nebius Group N.V.

NBIS

Technology Software Infrastructure

Nebius Group N.V.’s revenue for fiscal 2025 (year ended December 2025) was $529.8 million, up 479.0% from fiscal 2024.

Revenue
+454.0%
EPS
−127.8%
Free cash flow
−399.3%
Total debt
+617.7%

Quarter to June 2026, against a year earlier

140.94 11.45 +8.84%
Market cap
$35.2B
P/E
542×
Fwd P/E
n/m
Dividend yield
—
F-score
7/9
ROIC
−3.94%
Net debt / EBITDA
−2.6×
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Net sold
$319.2M
Trades
35 sells · 6 buys
Ownership
20.6%

Capital & Financial Ratios $m

Size
Market Cap 35,200
Revenue ttm 1,355
Net income ttm 42
Free cash flow ttm (5,879)
Net debt Q 504
Valuation
P/E 542.1 (above 35: high)
Forward P/E n/m
Price / sales 29.2 (above 10: high)
Forward P/S Powerpack
Price / FCF n/m
Price / book 3.8
Financial health
Current ratio Q 4.0 (at or above 1.5: strong)
Debt / equity Q 0.8
Interest coverage Q (1.5)
Growth
Revenue growth Q +454.0% (above 0%: growing)
Operating income growth Q −58.2% (below 0%: shrinking)
EPS, this year −7.8% (below 0%: weak)
EPS, next year A −79.1% (below 0%: weak)
Revenue, next year A +531.4% (at or above 10%: strong)
EPS, past 5 yrs −19.6% (below 0%: weak)
EPS, next 5 yrs A +40.0% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 29.5×, against a ten-year median of 6.1×; over the ten years it ranged from 0.8× in 2023 to 278× in 2024.
P/E against its own 10 years 96.07%
10-year low 10-year high
P/S against its own 10 years 76.07%
10-year low 10-year high
P/B against its own 10 years 42.54%
10-year low 10-year high
EV/Sales against its own 10 years 78.16%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 121 2,435 3,678 8,042
Receivables 4 11 720 289
Inventory — — — —
Other 22 44 278 1,163
3,454 2,533 4,711 9,616
2023 2024 2025 Q'26
Payables 57 228 1,210 1,301
ST’ Debt 7 6 25 47
Other — — — —
3,870 264 1,528 2,386

Compound Annual Growth %

10y 5y 3y
Sales (4.28%) (29.09%) (58.51%)
Cash Flow 3.66% (2.70%) (13.42%)
Earnings (4.65%) (24.90%) (47.22%)
Book Value 16.93% (0.39%) (1.51%)

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate −0.67 Actual −0.12

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 −0.52 −0.39 Beat by 0.13
Dec 2025 −0.44 −0.69 Miss by 0.25
Mar 2026 −0.81 −0.23 Beat by 0.58
Jun 2026 −0.67 −0.12 Beat by 0.55
Sep 2026 −0.61 — Reports 12 November 2026

EPS $

Mar Jun Sep Dec Year
’26 2.11 (0.68) — — —
’25 (0.48) 2.45 (0.47) (0.99) 0.33
’24 0.36 (0.95) (0.45) — (2.28)
’23 0.15 0.44 0.21 0.52 0.65
’22 (0.47) 0.30 2.02 (0.33) 1.59
’21 (0.14) (0.15) (0.13) (0.16) (0.54)
’20 0.22 (0.14) 0.77 0.11 0.98
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 399 582 — — —
’25 51 105 146 228 530
’24 11 15 32 34 92
’23 2,118 5 5 7 10
’22 1,261 2,302 2,319 1,535 7,417
’21 966 1,125 1,255 1,448 4,794
’20 605 592 732 1,027 2,956
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 2,258 2,246 — — —
’25 (197) (172) (80) 834 385
’24 — — 320 (75) 246
’23 292 122 186 230 830
’22 (48) 377 425 (161) 593
’21 113 (62) 30 44 125
’20 99 9 224 109 441
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (215) (3,406) — — —
’25 (741) (682) (1,036) (1,222) (3,681)
’24 — — (70) (490) (560)
’23 205 (80) (59) 681 746
’22 (262) 89 400 (352) (126)
’21 66 (253) (85) (202) (473)
’20 68 (141) 188 (5) 110
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,252 1,633 1,838 2,224 2,956 4,794 7,417 10 92 530 1,355 (9.1%) 3,345 12,242 22,912 +251.0%
Gross margin, % 73.98 74.55 71.89 68.19 60.74 51.16 55.30 (112.24) 52.24 68.63 74.26 (5.3) pt
EBT 183 236 784 290 504 (97) 1,000 (339) (353) 14 53 (25.0%)
EBT margin, % 14.63 14.44 42.66 13.03 17.04 (2.03) 13.49 (3,463.27) (385.79) 2.60 3.88 (12.0) pt
Net income 112 150 660 142 327 (197) 677 (341) (352) 10 42 (23.7%)
Per share, $
Per share, $ Revenue 3.90 5.03 5.63 6.80 8.67 13.23 20.15 0.03 0.33 2.18 4.83 (6.2%)
Earnings 0.35 0.47 2.10 0.50 1.01 (0.54) 1.52 0.60 (2.28) 0.34 0.26 (0.3%)
Cash flow 1.31 1.27 1.24 1.72 1.30 0.35 1.61 2.24 0.87 1.59 18.75 +2.2%
Capex (0.49) (0.66) (1.24) (0.79) (0.97) (1.65) (1.95) (0.22) (2.87) (16.76) (39.72) +48.2%
Free cash flow 0.82 0.61 0.01 0.93 0.32 (1.31) (0.34) 2.01 (1.99) (15.18) (20.97) n/m
Book value 3.96 4.43 8.94 8.34 13.75 10.11 13.06 8.88 11.58 18.94 36.88 +19.0%
Shares, m 321 325 327 327 341 362 368 371 281 243 247 (3.1%)
Valuation, ×
Valuation, × P/E 61.91 73.13 13.02 70.15 69.45 0.00 12.13 14.41 0.00 163.21 542.08 47.7
P/S 5.24 6.69 4.86 6.40 8.02 4.57 0.94 3.29 52.38 38.32 29.16 13.1
P/B 5.16 7.60 3.06 5.21 5.06 5.99 1.45 2.13 1.47 4.42 3.82 4.2
EV/Sales 4.65 6.37 4.66 6.11 7.42 4.62 0.92 3.64 26.17 39.17 29.53 10.4
EV/FCF 22.08 52.29 4,510.23 44.92 198.66 (46.81) (54.17) 10.41 39.19 (5.64) (6.81) 477.1
Cash, $m
Cash, $m Operating cash flow 420 413 406 563 441 125 593 830 246 385 5,258 (1.0%)
Capex (156) (214) (404) (260) (331) (599) (719) (83) (806) (4,066) (11,137) +43.7%
Free cash flow 264 199 2 303 110 (473) (126) 746 (560) (3,681) (5,879) n/m
Balance, $m
Balance, $m Working capital 995 784 989 935 3,096 1,196 741 (417) 2,269 3,184 7,230 +13.8%
Net debt (730) (831) (715) (774) (1,976) 80 (155) 745 (2,429) 450 504 n/m
Shareholders’ equity 1,271 1,438 2,919 2,729 4,685 3,662 4,808 3,294 3,254 4,594 10,341 +15.3%
Returns, %
Returns, % ROA 6.56 7.35 23.84 4.53 6.47 (2.84) 7.14 2.75 (10.43) 1.03 0.26 (5.5) pt
ROIC 24.47 23.31 8.52 10.33 5.08 (2.98) 2.53 (5.07) (30.27) (7.58) (3.94) (32.0) pt
ROE 10.03 11.25 31.44 5.76 9.31 (4.73) 13.25 5.96 (19.59) 2.10 0.60 (7.9) pt
People
People Employees 6,271 7,445 8,767 5,784 11,864 18,004 20,850 26,361 1,371 1,543 — (14.4%)
Revenue/emp, $m 0.20 0.22 0.21 0.38 0.25 0.27 0.36 0.00 0.07 0.34 — +6.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Nebius Group N.V. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NBIS Nebius Group N.V. $35.2B 542× — (loss-making) +454.04% (above 0%: growing) n/m −399.28% (below 0%: shrinking) 77.06% (30.21%)
NTAP NetApp, Inc. $33.2B 24.5× 21.8× +29.89% (above 0%: growing) +64.66% (above 0%: growing) −35.32% (below 0%: shrinking) 70.07% 23.90% Compare
ZS Zscaler, Inc. $32.2B — (loss-making) 7,375× +24.88% (above 0%: growing) n/m −64.66% (below 0%: shrinking) 76.73% (1.72%) Compare
TWLO Twilio Inc. $31.3B 24.9× 22.5× +19.93% (above 0%: growing) +334.96% (above 0%: growing) +54.25% (above 0%: growing) 48.77% 9.53% Compare
OKTA Okta, Inc. $29.5B 105× 84.7× +10.58% (above 0%: growing) +76.32% (above 0%: growing) +38.89% (above 0%: growing) 79.63% 13.29% Compare
CPAY Corpay, Inc. $29.1B 24.8× 22.2× +17.86% (above 0%: growing) +47.55% (above 0%: growing) −71.00% (below 0%: shrinking) 100.00% 44.96% Compare
VRSN VeriSign, Inc. $27.7B 32.9× 32.4× +5.70% (above 0%: growing) +3.51% (above 0%: growing) −13.96% (below 0%: shrinking) 88.76% 66.93% Compare
GPN Global Payments Inc. $25.8B — (loss-making) — (loss-making) +63.72% (above 0%: growing) −58.62% (below 0%: shrinking) −165.59% (below 0%: shrinking) 60.78% 7.45% Compare
CRWV CoreWeave Inc. $25.6B — (loss-making) — (loss-making) +112.46% (above 0%: growing) n/m −112.39% (below 0%: shrinking) 65.86% (1.90%) Compare
Median of peers $29.3B 24.9× 27.5× +22.41% +56.10% −49.99% 73.40% 11.41%

All 183 Software Infrastructure stocks →

Nebius Group N.V. (NBIS) Latest News

9 Nov

Impact 3 · · Zacks

5 Nov

Impact 3 · · TIKR
Impact 3 · · TIKR
Impact 3 · · The Motley Fool

4 Nov

Impact 3 · · Simply Wall St.
Impact 3 · · Insider Monkey
Impact 3 · · Barchart

2 Nov

Impact 3 · · 24/7 Wall St.

1 Nov

Impact 3 · · The Motley Fool

29 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 4 · · The Motley Fool
Impact 4 · · blockspace.media
Impact 4 · · 24/7 Wall St.
Impact 4 · · TIKR
Impact 3 · · Investing.com

28 Oct

Impact 3 · · 24/7 Wall St.

27 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Insider Monkey
Impact 4 · · Barchart
Impact 3 · · TheStreet

26 Oct

Impact 4 · · Stocktwits
Impact 4 · · Simply Wall St.
Impact 4 · · TIKR
Impact 4 · · Insider Monkey
Impact 4 · · blockspace.media
Impact 4 ·
Impact 4 · · Bloomberg
Impact 4 · · TIKR
Impact 4 · · TIKR

NBIS metrics, ten years each

stockrow.com/NBIS · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com