NBIS

MKT CAP:$36B

Nebius Group N.V.

Market Cap

$36B

Communication Services·Internet Content & Information·🇳🇱 Netherlands·NASDAQ

Communication·Internet·🇳🇱·NASDAQ

Stock Price

$150.77+$60.82 (+67.61%)

Apr 24, 2026

Company Details

Nebius Group N.V., operates as a technology company that engages in building full-stack infrastructure to service the global AI industry. Its businesses include Nebius, an AI-centric cloud platform built for intensive AI workloads. Nebius b...

CEO

Arkady Volozh

IPO Date

Oct 21, 2024

Website

group.nebius.com

Key Metrics TTM

Revenue

$912M

— YoY

Net Income

-$422M

EPS (Diluted)

-$1.76

Free Cash Flow

-$2.2B

Revenue / Share

$3.60

Gross Margin

71.6%

Operating Margin

-45.1%

Net Margin

-46.3%

FCF Margin

-238.0%

P/S

39.7x

P/E

—

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Dec 31, 2025

$530MEPS $0.11

Q4 2025

Feb 12, 2026

$228MEPS -$0.99

Q3 2025

Nov 12, 2025

$146MEPS -$0.47

Q1 2025

Mar 31, 2025

$55MEPS -$0.48

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 16	$282M	$209M	$55M
Q4 17	$483M	$365M	$83M
Q1 25	$55M	$26M	-$130M
Q3 25	$146M	$103M	-$130M
Q4 25	$228M	$159M	-$235M

Valuation

Quarter	P/S	P/E
Q2 16	—	—
Q4 17	—	—
Q1 25	—	—
Q3 25	27.4x	—
Q4 25	23.8x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 16	$128M	$89M
Q4 17	$7.6B	$88M
Q1 25	$0	$0
Q3 25	-$80M	-$1.0B
Q4 25	$834M	-$1.2B

Capital Expenditures

Quarter	CapEx
Q2 16	$39M
Q4 17	$45M
Q1 25	$0
Q3 25	$956M
Q4 25	$2.1B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 25	-19.4%	+103.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 16	$14M	4.9%
Q4 17	$24M	5.1%
Q1 25	$0	0.0%
Q3 25	$26M	17.9%
Q4 25	$51M	22.4%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 16	$59M	$58M
Q4 17	$90M	$133M
Q1 25	$40M	—
Q3 25	$45M	—
Q4 25	$53M	$160M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.0B	$26M	$1.1B
Q2 22	$1.4B	$0	$1.4B
Q3 22	$1.7B	$21M	$1.7B
Q4 22	$1.1B	$11M	$1.1B
Q1 23	$1.5B	$33M	$1.6B
Q2 23	$827M	$40M	$867M
Q3 23	$883M	$41M	$925M
Q4 23	$116M	$5M	$121M
Q1 24	$152M	$5M	$158M
Q2 24	$2.3B	$1.6B	$3.9B
Q3 24	$2.3B	$0	$2.3B
Q4 24	$2.4B	$0	$2.4B
Q1 25	$1.4B	$0	$1.4B
Q2 25	$1.7B	$0	$1.7B
Q3 25	$4.8B	$0	$4.8B
Q4 25	$3.7B	$0	$3.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 16	327M	—	—
Q4 17	332M	+1.5%	—
Q1 25	238M	-28.3%	—
Q3 25	252M	+5.8%	—
Q4 25	253M	+0.5%	-22.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 16	$51.7K	5K
Q4 17	$64.8K	7K
Q1 25	$40.3K	1K
Q3 25	$106.6K	1K
Q4 25	$166.1K	1K

Revenue / Employee