01Last price
$226.61$-9.51 (-4.0%)STOCKSWATCH / DAILY RESEARCH
Nebius Group NBIS
Nebius Group is building a full-stack AI cloud platform spanning GPU compute, storage, managed services, and software for model training, inference, and production deployment. The group also includes Avride and TripleTen and holds strategic stakes in other technology businesses.
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01 / Signal board
What changed today
Automated readouts are prompts for research, not a buy, sell, or hold signal.
02Market cap
66.19BProvider-reported03Revenue growth
+454.0%Latest provider figure04Free cash flow
$-9,614,650,368Latest provider figure01Growth
StrongRevenue growth is provider-reported and may include acquisitions, mix, and base effects.
02Cash generation
Negative / unclearUse the cash-flow statement and financing activity to assess the path to self-funding.
03Balance sheet
Needs monitoringCash and debt are most useful alongside capex commitments, leases, and convertible terms.
04Valuation
Sales multipleEarnings-based multiples can be unreliable while profitability is volatile; this page uses EV/revenue scenarios as an explicit assumption framework.
05Trend
Above 50d and 200d averagesTrend is calculated from the fetched daily close history and is not a recommendation.
02 / Market tape
Price, but with context
As of Sep 25, 2026, 12:39 AM UTC · Yahoo Finance
Available closing-price history
A chart of historical closes, not a forecast.
Quote snapshot
Open$232.03
Day range$229.5 – $249.19
52-week range$73.52 – $299.86
Volume24.26M
Average volume20.47M
CurrencyUSD
Returns
Calculated from closes1d-4.0%
1w+8.2%
1m+7.4%
3m-12.7%
6m+97.2%
1y+112.6%
ytd+170.7%
Technical indicators
Rules-based contextTrendAbove 50d and 200d averages
SMA 20$219.57
SMA 50$213.38
SMA 200$162.69
RSI 1459.8
Annualized volatility+108.7%
03 / The company
Business model and strategic map
Company descriptions are grounded in the linked company and filing sources.
How the group fits together
Nebius Group is building a full-stack AI cloud platform spanning GPU compute, storage, managed services, and software for model training, inference, and production deployment. The group also includes Avride and TripleTen and holds strategic stakes in other technology businesses.
IssuerNebius Group N.V.
ListingNASDAQ Global Select Market
SEC CIK0001513845
Nebius AI Cloud
The core business: purpose-built AI cloud infrastructure, GPU clusters, storage, managed services, and developer tooling.
Avride
Autonomous driving and delivery-robot technology operating as a distinct group business.
TripleTen
Technology-focused education and reskilling business operating under its own brand.
Strategic holdings
Equity interests including ClickHouse and Toloka; ownership, accounting treatment, and liquidity can change over time.
What to monitor
Research checklist- AI cloud revenue and annualized run-rate growth
- GPU capacity added, utilization, pricing, and customer concentration
- Capital intensity, financing terms, and free-cash-flow conversion
- Share count changes, convertibles, equity issuance, and insider ownership
- The mix of core AI cloud results versus Avride, TripleTen, and equity-method investments
04 / Reported numbers
Financial performance
Provider statements can differ from SEC presentation. Read the filing before relying on a figure.
Annual income and cash flow
Most recent periods available| Period | Revenue | Operating income | Net income | Free cash flow |
|---|---|---|---|---|
| 2025-12-31 | $529,800,000 | $-611,700,000 | $82,500,000 | $-3,681,200,000 |
| 2024-12-31 | $91,500,000 | $-399,600,000 | $-641,400,000 | $-561,900,000 |
| 2023-12-31 | $9,800,000 | $-285,700,000 | $241,300,000 | $746,900,000 |
| 2022-12-31 | $13,500,000 | $-158,000,000 | $745,600,000 | $682,400,000 |
Quarterly income and cash flow
Most recent periods available| Period | Revenue | Operating income | Net income | Free cash flow |
|---|---|---|---|---|
| 2026-06-30 | $582,300,000 | $-175,900,000 | $-190,400,000 | $-3,411,300,000 |
| 2026-03-31 | $399,000,000 | $-128,000,000 | $621,200,000 | $-214,900,000 |
| 2025-12-31 | $227,700,000 | $-250,000,000 | $-268,800,000 | $-1,221,700,000 |
| 2025-09-30 | $146,100,000 | $-130,200,000 | $-119,600,000 | $-1,035,900,000 |
| 2025-06-30 | $105,100,000 | $-111,200,000 | $584,400,000 | $-682,200,000 |
Profitability and leverage
Provider-reportedRevenue growth+454.0%
Gross margin+74.3%
Operating margin-0.2%
Profit margin+3.1%
EBITDA—
Trailing EPS—
Balance sheet and capital
Provider-reportedCash$8,042,100,224
Debt$10,195,300,352
Debt / equity0.99x
Operating cash flow$5,257,999,872
Shares outstanding238.4M
Float228.61M
05 / Expectations
Valuation and scenarios
Consensus is not a recommendation. Scenario outputs are assumptions, not price targets.
Current valuation
Provider-reportedEnterprise value68.89B
Price / sales48.85x
Forward P/E-69.67x
Trailing P/E—
Analyst target$283.58
Analyst count19
Illustrative EV / revenue scenarios
AssumptionsIllustrative three-year EV/revenue scenarios. Growth, exit multiple, cash, debt, and share-count inputs are assumptions or provider values; this is not a price target or investment advice.
| Scenario | Revenue CAGR | EV / revenue | Illustrative EV | Illustrative equity value | Implied price |
|---|---|---|---|---|---|
| Bear | +20.0% | 8.00x | 18.73B | 16.58B | $69.55 |
| Base | +50.0% | 15.00x | 68.6B | 66.45B | $278.73 |
| Bull | +85.0% | 25.00x | 214.5B | 212.35B | $890.71 |
06 / Decision pressure
Risks, catalysts, and evidence gaps
Automatic flags point to questions worth verifying; they do not predict outcomes.
Risk flags
Rules-basedHighNegative free cash flow
The latest provider-reported free cash flow is negative; expansion may require external capital or balance-sheet capacity.
HighHigh sales multiple
The market is valuing each dollar of reported trailing revenue at a high multiple, leaving less room for execution misses.
MediumDebt exceeds cash
Reported total debt is above reported cash; monitor financing costs, maturities, and any new capital raises.
MediumHigh price volatility
Annualized volatility from the daily price history is elevated; quoted prices can move faster than fundamentals.
Catalysts and checks
Evidence to watchCatalystRapid revenue scaling
The latest provider-reported revenue-growth figure is above 50%; verify the period, base effects, and whether growth is concentrated in the core AI cloud.
CatalystPrice above 200-day average
The current price is above its calculated 200-day simple moving average; this is a market-trend observation, not a forecast.
07 / Primary sources
SEC filings and recent headlines
Filings are linked directly to EDGAR. Headlines are discovery aids, not verified facts.
Recent SEC filings
40 recent filings| Filed | Form | ID | Document |
|---|---|---|---|
| Sep 21, 2026 | 4 | 000116 | Open ↗ |
| Sep 17, 2026 | 4 | 000114 | Open ↗ |
| Sep 16, 2026 | 4 | 000112 | Open ↗ |
| Sep 15, 2026 | 144 | 009522 | Open ↗ |
| Sep 8, 2026 | 6-K | 105749 | Open ↗ |
| Sep 3, 2026 | 4 | 000110 | Open ↗ |
| Sep 3, 2026 | 4 | 000108 | Open ↗ |
| Sep 3, 2026 | 4 | 000106 | Open ↗ |
Show 32 older filings
| Filed | Form | ID | Document |
|---|---|---|---|
| Sep 3, 2026 | 4 | 000104 | Open ↗ |
| Sep 3, 2026 | 4 | 000102 | Open ↗ |
| Sep 3, 2026 | 4 | 000100 | Open ↗ |
| Sep 3, 2026 | 4 | 000098 | Open ↗ |
| Sep 3, 2026 | 4 | 000096 | Open ↗ |
| Sep 2, 2026 | 4 | 000094 | Open ↗ |
| Aug 31, 2026 | 144 | 000316 | Open ↗ |
| Aug 26, 2026 | 6-K | 101076 | Open ↗ |
| Aug 24, 2026 | 6-K | 100347 | Open ↗ |
| Aug 20, 2026 | 6-K | 098924 | Open ↗ |
| Aug 19, 2026 | 6-K | 098590 | Open ↗ |
| Aug 18, 2026 | 4 | 000092 | Open ↗ |
| Aug 18, 2026 | 4 | 000090 | Open ↗ |
| Aug 14, 2026 | 144 | 008147 | Open ↗ |
| Aug 14, 2026 | 144 | 000293 | Open ↗ |
| Aug 12, 2026 | 6-K | 094844 | Open ↗ |
| Aug 12, 2026 | 6-K | 094568 | Open ↗ |
| Aug 7, 2026 | SCHEDULE 13G/A | 000308 | Open ↗ |
| Aug 7, 2026 | SCHEDULE 13G | 000305 | Open ↗ |
| Aug 5, 2026 | 4/A | 000088 | Open ↗ |
| Jul 27, 2026 | 6-K | 087080 | Open ↗ |
| Jul 24, 2026 | 4 | 000086 | Open ↗ |
| Jul 20, 2026 | SCHEDULE 13G | 000062 | Open ↗ |
| Jul 17, 2026 | 6-K/A | 084606 | Open ↗ |
| Jul 17, 2026 | 4 | 000084 | Open ↗ |
| Jul 17, 2026 | 6-K | 084452 | Open ↗ |
| Jul 15, 2026 | 144 | 007111 | Open ↗ |
| Jul 8, 2026 | 3 | 000082 | Open ↗ |
| Jul 6, 2026 | 4 | 000080 | Open ↗ |
| Jul 6, 2026 | 4 | 000078 | Open ↗ |
| Jul 6, 2026 | 4 | 000076 | Open ↗ |
| Jun 16, 2026 | 6-K | 074352 | Open ↗ |
SEC reported facts
Structured EDGAR facts| Fact | Latest value | Period | Source |
|---|---|---|---|
| Revenues | 356171000000 | 2021-12-31 | 20-F |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -14653000000 | 2021-12-31 | 20-F |
| Operating Income (Loss) | -13277000000 | 2021-12-31 | 20-F |
| Assets | 616719000000 | 2022-12-31 | 20-F |
| Cash and Cash Equivalents, at Carrying Value | 132398000000 | 2020-12-31 | 20-F |
| Long-term Debt, Excluding Current Maturities | 29885000000 | 2022-12-31 | 20-F |
| Stockholders' Equity Attributable to Parent | 316308000000 | 2022-12-31 | 20-F |
| Weighted Average Number of Shares Outstanding, Basic | 370839686 | 2023-12-31 | 20-F |
Recent headlines
Provider discovery feedWhat Does Nebius Group (NBIS) Stock Face After Michael Burry Expanded His Short?Simply Wall St. · Sep 25, 2026Could Palantir (PLTR)’s Partnership with Nebius Group (NBIS) Accelerate its AI Growth?Insider Monkey · Sep 24, 2026CoreWeave and Nebius Score UpgradesBarrons.com · Sep 24, 2026Why Nebius Stock Surged Higher TodayMotley Fool · Sep 24, 2026Nebius Stock Soars 8% as BNP Paribas Delivers Massive Price Target HikeGuruFocus.com · Sep 24, 2026Michael Burry keeps pointing at unloved stocks for a reasonTheStreet · Sep 24, 2026Nebius gets BofA boost as AI infrastructure revenue outlook climbsProactive · Sep 24, 2026Nebius Surges 6%, CoreWeave Treads Water as JPMorgan Upgrade Flags Rising Compute Pricing; IREN Slides 4%24/7 Wall St. · Sep 24, 2026
Method
Data notes and sources
Nebius investor hub ↗Company releases, shareholder letters, presentations, and event information.Nebius company overview ↗Company description and product positioning.SEC EDGAR company filings ↗Regulatory filings and reported financial information.
Research and education only — not investment advice. Data can be delayed, incomplete, restated, or wrong. Verify material claims against the latest company filing and do not treat automated scores, scenarios, or consensus estimates as guaranteed outcomes.