Nebius Group N.V. (NBIS)

Nebius Group N.V., a technology company, engages in building full-stack infrastructure to service the global AI industry in the United States, the United Kingdom, and internationally. It offers Nebius builds full-stack infrastructure for AI, including large-scale GPU clusters, cloud platforms, and tools and services for developers. The company also provides TripleTen, an edtech platform for re-skilling individuals for careers in technolgy; and Avride, which develops autonomous driving technology for self-driving cars and delivery robotics. It has a strategic alliance with NVIDIA Corporation to support the expansion of the company's AI cloud infrastructure. The company was formerly known as Yandex N.V. and changed its name to Nebius Group N.V. in August 2024. Nebius Group N.V. was founded in 1989 and is based in Schiphol, the Netherlands.

Ticker
NBIS
Exchange
Nasdaq
Sector
Communication Services
Industry
Internet Content & Information
Market cap
$32.76B
52-week range
$73.52 - $299.86

Valuation

Share price
$129.49 (close of Nov 6, 2026)
P/E (TTM)
380.85x
Price to book
7.13x
Price to free cash flow
-8.90x
Enterprise value
$34.06B
Book value per share
$18.16

Price performance

PeriodChange
1 day+7.58%
5 days-15.99%
1 month-48.18%
3 months-31.80%
6 months-33.63%
Year to date+54.69%
1 year+18.32%
All time+547.45%

Short interest

As of
Oct 15, 2026
Short % of float
20.18%
Shares short
47.64M
Days to cover
2.41
Change since prior report
+6.58%
Source
FINRA consolidated short interest

Members of Congress who disclosed NBIS trades

Alan Armstrong

Super investors holding NBIS

Stephen Mandel (Lone Pine Capital LLC) · Ken Griffin (Citadel) · George Soros (Soros Fund Mgmt)

Profitability and growth

Return on equity
1.80%
Return on invested capital
-6.39%
Return on assets
0.66%
Return on capital employed
-5.61%
Gross margin
68.63%
Net margin
15.57%
EBITDA margin
-36.58%

Cash flow and balance sheet

Free cash flow yield (TTM)
-11.24%
Current ratio
3.08x
Net debt to EBITDA
2.38x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$529.80M
Cost of revenue
$166.20M
Gross profit
$363.60M
EBITDA
-$193.80M
Net income
$82.50M
Earnings per share
$0.34
Research and development
$177.30M
Interest expense
$61.50M
Shares outstanding
242.53M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$529.80M$363.60M$82.50M$0.34
2024-12-31$91.50M$47.80M-$641.40M-$2.28
2023-12-31--$241.30M$0.65
2022-12-31--$745.60M$2.03
2021-12-31$4.79B$2.45B-$197.20M-$0.54
2020-12-31$2.96B$1.80B$344.55M$1.01
2019-12-31$2.22B$1.52B$171.14M$0.50
2018-12-31$1.84B$1.32B$660.10M$2.10
2017-12-31$1.63B$1.22B$150.30M$0.47
2016-12-31$1.25B$926.00M$111.80M$0.35

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3168.63%15.57%1.80%-6.39%
2024-12-3152.24%-700.98%-19.71%-12.07%
2023-12-31--7.33%-8.61%
2022-12-31--15.51%-2.55%
2021-12-3151.16%-4.11%-5.51%-3.27%
2020-12-3160.74%11.66%7.35%1.79%
2019-12-3168.19%7.69%6.27%5.50%
2018-12-3171.89%35.92%22.61%5.52%
2017-12-3174.55%9.20%10.39%8.02%
2016-12-3173.98%8.93%8.75%8.86%

Cash and debt by year

Period endCashDebt
2025-12-31$3.68B$4.10B
2024-12-31$2.43B-
2023-12-31$110.70M$551.20M
2022-12-31$288.50M$424.90M
2021-12-31$1.13B$1.15B
2020-12-31$1.78B$1.13B
2019-12-31$763.60M-
2018-12-31$872.50M-
2017-12-31$614.10M-
2016-12-31$490.10M$309.10M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31-$3.68B$83.20M
2024-12-31-$561.90M$54.50M
2023-12-31$746.90M$28.80M
2022-12-31$682.40M$9.60M
2021-12-31-$475.50M$280.40M
2020-12-31$109.00M$212.90M
2019-12-31$302.30M$125.00M
2018-12-31-$1.60M$94.40M
2017-12-31$197.60M$72.80M
2016-12-31$220.86M$56.40M

Investor relations

Next earnings report

Next confirmed report
Nov 12, 2026
Consensus EPS estimate
$-0.61

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-12Jun 2026-$0.67
2026-05-13Mar 2026-$0.81
2025-11-11Sep 2025-$0.52
2024-07-30Jun 2024-
2024-04-26Mar 2024-
2024-02-15Dec 2023-
2023-10-27Sep 2023-
2023-07-27Jun 2023-

Filings and sources

Company website
nebius.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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