Nebius Group N.V. (NBIS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NBIS SEC filings page.
Nebius Group N.V. (NBIS) reported $529.8M in revenue for fiscal year 2025, up 479.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
NBIS is scaling an asset-heavy business through heavy investment, while reported profit remains disconnected from operating earnings and free cash flow.
In FY2025, net income turned positive at$82.5M even as operating income remained negative at-$611.7M , so the reported profit was not produced by the core operation. Operating cash flow was positive at$384.8M , but free cash flow was-$3.7B , showing that reinvestment consumed far more cash than the business generated internally.
The balance sheet changed scale quickly: total assets reached
Gross margin reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Nebius Group N.V.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Nebius Group N.V.'s reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 10/100.
Nebius Group N.V.'s revenue surged 479.0% year-over-year to $529.8M, reflecting rapid business expansion. This strong growth earns a score of 99/100.
Nebius Group N.V. has a moderate D/E ratio of 0.89. This balance of debt and equity financing earns a leverage score of 50/100.
With a current ratio of 3.08, Nebius Group N.V. holds $3.08 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.
Nebius Group N.V.'s reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 100/100.
Nebius Group N.V. generates a 1.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is up from -19.7% the prior year.
Nebius Group N.V. scores 5.16, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($60.1B) relative to total liabilities ($7.8B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Nebius Group N.V. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Nebius Group N.V. generates $4.66 in operating cash flow ($384.8M OCF vs $82.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Nebius Group N.V. reported an operating loss of $611.7M against $61.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Nebius Group N.V. held $3.7B in cash against $4.1B in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
NBIS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
NBIS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2420-F | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q4'1910-K | Q4'1810-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.4B+250.3% | $3.5B-59.5% | $8.8B-0.1% | $8.8B+26.4% | $6.9B-0.6% | $7.0B+89.0% | $3.7B+6.1% | $3.5B+53.5% |
| Current Assets | $4.7B+86.0% | $2.5B-26.6% | $3.5B+1.2% | $3.4B+26.7% | $2.7B-31.5% | $3.9B+157.7% | $1.5B+14.7% | $1.3B-5.1% |
| Cash & Equivalents | $3.7B+51.1% | $2.4B+2099.4% | $110.7M-61.6% | $288.5M-74.4% | $1.1B-36.8% | $1.8B+133.4% | $763.6M-12.5% | $872.5M+42.1% |
| Short-Term Investments | $0 | $0 | $0-100.0% | $2.2M-96.0% | $54.5M-96.2% | $1.4B+254.0% | $404.5M | $0-100.0% |
| Inventory | N/A | N/A | $237.2M-40.9% | $401.2M+211.0% | $129.0M+98.2% | $65.1M+544.6% | $10.1M+165.8% | $3.8M |
| Accounts Receivable | $720.3M+6331.3% | $11.2M+173.2% | $4.1M-99.5% | $824.8M+40.7% | $586.4M+70.3% | $344.4M+52.3% | $226.2M+7.9% | $209.7M+23.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% |
| Goodwill | N/A | N/A | $1.6B-22.1% | $2.0B+28.8% | $1.6B+13.0% | $1.4B+98.6% | $706.7M+5.8% | $667.9M+397.3% |
| Total Liabilities | $7.8B+2557.4% | $294.9M-94.6% | $5.5B+37.9% | $4.0B+21.3% | $3.3B+45.0% | $2.3B+187.8% | $782.4M+110.0% | $372.5M-43.4% |
| Current Liabilities | $1.5B+478.7% | $264.0M-93.2% | $3.9B+44.9% | $2.7B+78.6% | $1.5B+79.0% | $835.4M+41.5% | $590.2M+72.7% | $341.7M-44.8% |
| Non-Current Liabilities | $6.3B+20316.8% | $30.9M-98.1% | $1.6B+23.4% | $1.3B-27.1% | $1.8B+24.9% | $1.4B+636.9% | $192.2M+524.0% | $30.8M-22.0% |
| Long-Term Debt | $4.1B | N/A | $551.2M+29.7% | $424.9M | N/A | N/A | N/A | N/A |
| Total Equity | $4.6B+41.2% | $3.3B-1.2% | $3.3B-26.8% | $4.5B+29.4% | $3.5B-21.2% | $4.4B+78.5% | $2.5B-4.6% | $2.6B+80.2% |
| Retained Earnings | $3.3B+2.6% | $3.2B-16.6% | $3.9B+56.3% | $2.5B+39.5% | $1.8B-11.0% | $2.0B+28.4% | $1.5B-4.4% | $1.6B+37.3% |
NBIS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
NBIS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Nebius Group N.V. NBIS | FY2025 | $529.8M | $82.5M | 15.6% | $60.1B | 61/100 |
| Zillow Group, Inc. Z | FY2025 | $2.6B | $23.0M | 0.9% | $6.5B | 57/100 |
| ZILLOW GROUP INC ZG | FY2025 | $2.6B | $23.0M | 0.9% | $6.7B | 57/100 |
| Pinterest, Inc. PINS | FY2025 | $4.2B | $416.9M | 9.9% | $12.1B | 70/100 |
| Baidu, Inc. BIDU | FY2025 | $18.5B | $799.0M | 4.3% | $29.0B | 34/100 |
| Snap Inc. SNAP | FY2025 | $5.9B | -$460.5M | -7.8% | $10.5B | 50/100 |
Where Nebius Group N.V. Ranks
Frequently Asked Questions
What is Nebius Group N.V.'s annual revenue?
Nebius Group N.V. (NBIS) reported $529.8M in total revenue for fiscal year 2025. This represents a 479.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Nebius Group N.V.'s revenue growing?
Nebius Group N.V. (NBIS) revenue grew by 479.0% year-over-year, from $91.5M to $529.8M in fiscal year 2025.
Is Nebius Group N.V. profitable?
Yes, Nebius Group N.V. (NBIS) reported a net income of $82.5M in fiscal year 2025, with a net profit margin of 15.6%.
What is Nebius Group N.V.'s EBITDA?
Nebius Group N.V. (NBIS) had EBITDA of -$193.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Nebius Group N.V. have?
As of fiscal year 2025, Nebius Group N.V. (NBIS) had $3.7B in cash and equivalents against $4.1B in long-term debt.
What is Nebius Group N.V.'s gross margin?
Nebius Group N.V. (NBIS) had a gross margin of 68.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Nebius Group N.V.'s net profit margin?
Nebius Group N.V. (NBIS) had a net profit margin of 15.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Nebius Group N.V.'s return on equity (ROE)?
Nebius Group N.V. (NBIS) has a return on equity of 1.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Nebius Group N.V.'s free cash flow?
Nebius Group N.V. (NBIS) recorded an outflow of $3.7B in free cash flow during fiscal year 2025. This represents a -555.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Nebius Group N.V.'s operating cash flow?
Nebius Group N.V. (NBIS) generated $384.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Nebius Group N.V.'s total assets?
Nebius Group N.V. (NBIS) had $12.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Nebius Group N.V.'s capital expenditures?
Nebius Group N.V. (NBIS) invested $4.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Nebius Group N.V. spend on research and development?
Nebius Group N.V. (NBIS) invested $177.3M in research and development during fiscal year 2025.
What is Nebius Group N.V.'s current ratio?
Nebius Group N.V. (NBIS) had a current ratio of 3.08 as of fiscal year 2025, which is generally considered healthy.
What is Nebius Group N.V.'s debt-to-equity ratio?
Nebius Group N.V. (NBIS) had a debt-to-equity ratio of 0.89 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nebius Group N.V.'s return on assets (ROA)?
Nebius Group N.V. (NBIS) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Nebius Group N.V.'s P/E ratio?
Nebius Group N.V. (NBIS) trades at 728x earnings, its market capitalization divided by net income of $82.5M net income, FY2025. The market capitalization is $60.1B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Nebius Group N.V.'s price-to-sales ratio?
Nebius Group N.V. (NBIS) trades at 113x sales, its market capitalization divided by revenue of $529.8M revenue, FY2025. The market capitalization is $60.1B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Nebius Group N.V.'s Altman Z-Score?
Nebius Group N.V. (NBIS) has an Altman Z-Score of 5.16, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Nebius Group N.V.'s Piotroski F-Score?
Nebius Group N.V. (NBIS) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Nebius Group N.V.'s earnings high quality?
Nebius Group N.V. (NBIS) has an earnings quality ratio of 4.66x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Nebius Group N.V. cover its interest payments?
Nebius Group N.V. (NBIS) reported an operating loss of $611.7M against $61.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Nebius Group N.V.?
Nebius Group N.V. (NBIS) scores 61 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.