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Tuesday 20 October 2026 Export NBIS’s income statement to Excel — free account

Nebius Group N.V.

NBIS Technology Software Infrastructure

In the quarter to June 2026, revenue grew 454.0%, EPS fell 127.8%, free cash flow fell 399.3% and total debt rose 617.7%, each against the same quarter a year earlier. Member of the Nasdaq 100; insiders bought in the last twelve months.

169.64 0.60 −0.35%
Market cap
$46.3B
P/E
657×
Fwd P/E
34.8×
Dividend yield
—
F-score
7/9
Altman Z
2.11
Beneish M
10.38
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.05
Total sells 319.52
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — 1
Sell — — — — 3 4 6 5 4 2 4 6
Insider Ownership 20.63%

Capital & Financial Ratios $m

Market Cap 46,280.00
Revenue 1,355.10
Net Income 42.40
Free Cash Flow (5,878.60)
Net Debt 503.60
Current Ratio 4.03 (at or above 1.5: strong)
Debt/Equity 0.83
P/E ratio 657.35 (above 35: high)
Fwd P/E 34.80
P/S ratio 35.36 (above 10: high)
P/B ratio 4.63
Past 5Y EPS Growth (16.41%) (below 0%: weak)
This Y EPS Growth (9.38%) (below 0%: weak)
Next Y EPS Growth (75.68%) (below 0%: weak)
Next Y revenue growth (15.55%) (below 0%: weak)
Next 5Y EPS Growth 16.04% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 35.7×, against a ten-year median of 5.9×; over the ten years it ranged from 0.8× in 2023 to 372× in 2024.
P/E against its own 10 years 96.55%
10-year low 10-year high
P/S against its own 10 years 83.71%
10-year low 10-year high
P/B against its own 10 years 57.15%
10-year low 10-year high
EV/Sales against its own 10 years 84.71%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
special payouts not included in total or ratios

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%)

Revenue $m

Mar Jun Sep Dec Year
’26 399 582 — — —
’25 51 105 146 228 530
’24 2,483 15 32 34 92
’23 2,118 5 5 — 21
’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.
value withheld pending a data check

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.

EPS $

Mar Jun Sep Dec Year
’26 2.11 (0.68) — — —
’25 (0.48) 2.45 (0.47) (0.99) 0.40
’24 0.36 (0.95) (0.45) (1.83) (2.28)
’23 0.15 0.44 0.21 0.52 0.59
’22 (0.47) 0.30 2.02 (0.33) 1.17
’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.

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 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Price, $
Price, $ Low 11.00 20.20 24.90 26.77 27.93 58.91 14.11 18.94 14.09 18.31 +5.8% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High 23.87 35.32 44.49 44.28 72.40 87.11 61.79 18.94 38.69 141.10 +21.8% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
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% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 1,252 1,633 1,838 2,224 2,956 4,794 7,417 21 92 530 (9.1%) — — — —
Gross margin, % 73.98 74.55 71.89 68.19 60.74 51.16 55.30 (52.63) 52.24 68.63 (5.3) pt
EBT 183 236 784 290 504 (97) 1,000 (339) (353) 14 (25.0%)
EBT margin, % 14.63 14.44 42.66 13.03 17.04 (2.03) 13.49 (1,623.92) (385.79) 2.60 (12.0) pt
Net income 112 150 660 142 327 (197) 677 (341) (352) 10 (23.7%)
Depreciation 173 207 185 202 303 438 574 29 77 439 +10.9%
Per share, $
Per share, $ Revenue 3.90 5.03 5.63 6.80 8.67 13.23 20.15 0.06 0.33 2.18 (6.2%)
Earnings 0.35 0.47 2.10 0.43 1.01 (0.54) 1.52 0.60 (1.94) 0.40 +1.5%
Cash flow 1.31 1.27 1.24 1.72 1.30 0.35 1.61 2.24 0.87 1.59 +2.2%
Capex (0.49) (0.66) (1.24) (0.79) (0.97) (1.65) (1.95) (0.22) (2.87) (16.76) +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) n/m
Book value 3.96 4.43 8.94 8.34 13.75 10.11 13.06 8.88 11.58 18.94 +19.0%
Shares, m 321 325 327 327 341 362 368 371 281 243 (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 47.7
P/S 5.24 6.69 4.86 6.40 8.02 4.57 0.94 336.06 3.04 38.32 41.4
P/B 5.16 7.60 3.06 5.21 5.06 5.99 1.45 2.13 2.39 4.42 4.2
EV/Sales 4.65 6.37 4.66 6.11 7.42 4.62 0.92 371.68 2.10 39.17 44.8
EV/FCF 22.08 52.29 4,510.23 44.92 198.66 (46.81) (54.17) 10.41 88.14 (5.64) 482.0
Cash, $m
Cash, $m Operating cash flow 420 413 406 563 441 125 593 830 246 385 (1.0%)
Capex (156) (214) (404) (260) (331) (599) (719) (83) (806) (4,066) +43.7%
Free cash flow 264 199 2 303 110 (473) (126) 746 (560) (3,681) n/m
Balance, $m
Balance, $m Working capital 995 784 989 935 3,096 1,196 741 (417) 2,269 3,184 +13.8%
Total debt 309 310 275 346 1,248 1,523 1,029 866 6 4,128 +33.4%
Net debt (730) (831) (715) (774) (1,976) 80 (155) 745 (2,429) 450 n/m
Shareholders’ equity 1,271 1,438 2,919 2,729 4,685 3,662 4,808 3,294 3,254 4,594 +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 (5.5) pt
ROIC 24.47 23.31 8.52 10.33 5.08 (2.98) 2.53 (5.07) (30.27) (7.58) (32.0) pt
ROE 10.03 11.25 31.44 5.76 9.31 (4.73) 13.25 5.96 (19.59) 2.10 (7.9) pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

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 −0.53 — Reports 10 November 2026

Charts ten years each

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
XYZ Block, Inc. $46.6B 134× 46.4× +9.30% (above 0%: growing) −82.95% (below 0%: shrinking) +181.80% (above 0%: growing) 47.84% 6.75% Compare
NBIS Nebius Group N.V. $46.3B 657× 34.8× +454.04% (above 0%: growing) n/m −399.28% (below 0%: shrinking) 77.06% (30.21%)
NTAP NetApp, Inc. $40.7B 28.8× 26.2× +29.89% (above 0%: growing) +64.66% (above 0%: growing) −35.32% (below 0%: shrinking) 70.07% 23.90% Compare
TWLO Twilio Inc. $39.5B 34.4× 28.4× +22.03% (above 0%: growing) +4,560.00% (above 0%: growing) +32.18% (above 0%: growing) 48.42% 5.64% Compare
ZS Zscaler, Inc. $34.7B — (loss-making) 7,738× +24.88% (above 0%: growing) n/m −64.66% (below 0%: shrinking) 76.73% (1.72%) Compare
CRWV CoreWeave Inc. $33.7B — (loss-making) — (loss-making) +112.46% (above 0%: growing) n/m −112.39% (below 0%: shrinking) 65.86% (1.90%) Compare
OKTA Okta, Inc. $33.2B 112× 94.0× +10.58% (above 0%: growing) +76.32% (above 0%: growing) +38.89% (above 0%: growing) 79.63% 13.29% Compare
MDB MongoDB, Inc. $28.1B 473× 515× +30.50% (above 0%: growing) n/m +94.79% (above 0%: growing) 73.83% 3.68% Compare
VRSN VeriSign, Inc. $27.7B 33.2× 31.6× +6.03% (above 0%: growing) +7.69% (above 0%: growing) +9.30% (above 0%: growing) 88.50% 68.18% Compare
Median of peers $34.2B 73.3× 46.4× +23.45% +64.66% +20.74% 71.95% 6.20%

All 188 Software Infrastructure stocks →

Nebius Group N.V. (NBIS) key facts

  • Nebius Group N.V. (NBIS) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
  • As of October 20, 2026, NBIS traded at $162.14, a market capitalization of $46.3 billion.
  • Return on equity was 2.10% and debt-to-equity 0.83.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.11 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Nebius Group N.V. (NBIS) Latest News

20 Oct

Impact 4 ·
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Impact 3 ·
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19 Oct

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18 Oct

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17 Oct

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16 Oct

Impact 4 ·
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15 Oct

Impact 4 ·
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14 Oct

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13 Oct

Impact 4 ·
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12 Oct

Impact 3 ·
stockrow.com/NBIS · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com