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

151.42 10.03 +7.09%
Market cap
$38.4B
P/E
582×
Fwd P/E
34.8×
Dividend yield
—
F-score
7/9
Altman Z
2.11
Beneish M
10.38
Dividend safety
n/a

Nebius Group N.V. (NBIS) Free cash flow margin

Alert me on Free cash flow margin

Nebius Group N.V.'s free cash flow margin over the twelve months to 30 June 2026 was −433.8%, up 261.0 percentage points from fiscal 2025 (−694.8%). Over the past ten years it has ranged from −694.8% (fiscal 2025) to 7,616.3% (fiscal 2023) — the current reading is the lowest in ten years. That is below the Software Infrastructure industry median of 0.00% and below the Technology sector median of 1.27%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 −694.8% (82.48)
FY2024 −612.4% (8,228.68)
FY2023 7,616.3% 7,618.03
FY2022 −1.70% 8.18
FY2021 −9.88% (13.62)
FY2020 3.74% (9.87)
FY2019 13.6% 13.51
FY2018 0.10% (12.08)
FY2017 12.2% (8.90)
FY2016 21.1% 10.00

Against its own ten years

Low −694.8% High 7,616.3%
Ten-year median 3.74%
Current reading's percentile 9

Free cash flow margin against peers

Company Free cash flow margin
VRSN VeriSign, Inc. compare 59.1%
CPAY Corpay, Inc. compare 32.6%
OKTA Okta, Inc. compare 31.2%
ZS Zscaler, Inc. compare 23.2%
NTAP NetApp, Inc. compare 22.3%
TWLO Twilio Inc. compare 19.2%
XYZ Block, Inc. compare 13.5%
CRWV CoreWeave Inc. compare −179.9%
NBIS Nebius Group N.V. −433.8%
Software Infrastructure industry median 0.00%
Technology sector median 1.27%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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