NBIS
Nebius Group N.V.Stock · TechnologyNasdaq-100 0.3% · MSCI EAFE 0.1% · Nasdaq Composite 0.1% · MSCI World 0.05% · MSCI ACWI 0.03%$223.54+2.55%
as of market close, Sep 18, 2026
☾ AH $223.19 -0.16%
NBIS financial statements
The full income statement, balance sheet, and cash-flow statement for Nebius Group N.V. (NBIS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2017-12 331.2M2018-12 335.2M2019-12 335.4M2020-12 354.2M2021-12 358.7M2022-12 361.5M2023-12 361.5M2024-12 235.8M2025-12 253.0M-23.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 530M+479.0% | 91.5M-28.5% | 128M-98.7% | 10.2B+112.5% | 4.79B+62.2% | ||
| Lease income | — | — | 118M-18.4% | 145M-10.1% | 161M | |
| Cost of revenue | 166M+280.3% | 43.7M+123.0% | 19.6M-31.0% | 28.4M-98.8% | 2.34B+101.8% | |
| Research & development | 177M+54.4% | 115M+31.8% | 87.1M+49.4% | 58.3M-91.1% | 652M+32.6% | |
| Selling, general & administrative | 380M+48.8% | 256M+60.2% | 160M+178.4% | 57.3M-96.5% | 1.65B+96.1% | |
| Amortization of intangibles | 6.90M+263.2% | 1.90M+35.7% | 1.40M+133.3% | 600K-99.3% | 80.1M+54.6% | |
| Provision for credit losses | 3.90M+290.0% | 1.00M+42.9% | 700K-97.7% | 30.1M+81.3% | 16.6M+41.9% | |
| Operating income | -612M-53.1% | -400M-39.9% | -286M-80.8% | -158M+11.6% | -179M-181.2% | |
| Interest expense | 61.5M | 0.00-100.0% | 121M+150.7% | 48.3M-3.4% | 50.0M+55.8% | |
| Interest & investment income | 31.8M-50.0% | 63.6M+1827.3% | 3.30M+230.0% | 1.00M-98.4% | 62.1M+18.5% | |
| Other non-operating income | 80.6M+563.2% | -17.4M-370.3% | -3.70M+53.2% | -7.90M+51.5% | -16.3M-150.3% | |
| Equity-method income | -24.3M-6175.0% | 400K+103.7% | -10.9M+22.1% | -14.0M-116.3% | 85.7M+391.5% | |
| Pre-tax income | 13.8M+103.9% | -353M-18.9% | -297M-66.0% | -179M-84.1% | -97.2M-119.3% | |
| Income tax | 4.00M+500.0% | -1.00M-150.0% | 2.00M+81.8% | 1.10M-98.9% | 100M-43.4% | |
| 82.5M+112.9% | -641M-365.8% | 241M-67.6% | 746M+478.1% | -197M-157.6% | ||
| Income from continuing operations | 9.80M+102.8% | -352M-17.7% | -299M-66.1% | -180M | — | |
| Discontinued operations | 72.7M+125.1% | -289M-151.2% | 565M-46.2% | 1.05B | — | |
| Net income to non-controlling interest | — | — | 21.3M-81.6% | 116M+57850.0% | 200K+101.1% | |
| Net income to common | — | — | — | — | -197M-157.2% | |
| $0.33+114.5% | -$2.28-450.8% | $0.65-59.1% | $1.59+394.4% | -$0.54-155.1% | ||
| EPS (basic) | $0.34+114.9% | -$2.28-450.8% | $0.65-68.0% | $2.03+475.9% | -$0.54-153.5% | |
| Weighted-avg shares (basic) | 243M-13.7% | 281M-24.2% | 371M+0.8% | 368M+1.6% | 362M+6.3% | |
| Weighted-avg shares (diluted) | 248M-11.9% | 281M-24.2% | 371M+0.8% | 368M+1.6% | 362M+2.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.71B+86.0% | 2.53B-26.6% | 3.45B+1.2% | 3.41B+26.7% | 2.69B-31.5% | ||
| Cash & equivalents | 3.68B+51.1% | 2.43B+2099.4% | 111M-61.6% | 289M-74.4% | 1.13B-36.8% | |
| Short-term investments | — | — | — | — | 54.5M | |
| Accounts receivable | 720M+6331.3% | 11.2M+173.2% | 4.10M-99.5% | 825M+40.7% | 586M+70.3% | |
| Inventory | — | — | 237M-40.9% | 401M+211.0% | 129M+98.2% | |
| Prepaid expenses | 34.8M+56.8% | 22.2M+33.7% | 16.6M-93.1% | 241M+41.6% | 170M+87.5% | |
| Other current assets | 147M+290.4% | 37.6M+125.1% | 16.7M-93.0% | 239M+143.6% | 98.1M-44.0% | |
| 12.4B+250.3% | 3.55B-59.5% | 8.76B-0.1% | 8.77B+26.4% | 6.94B-0.6% | ||
| Property, plant & equipment | 5.55B+555.9% | 847M+560.5% | 128M | — | — | |
| Operating lease right-of-use | 919M+1950.9% | 44.8M+139.6% | 18.7M-95.4% | 407M-16.5% | 488M+73.3% | |
| Goodwill | — | — | 1.59B-22.1% | 2.04B+28.8% | 1.59B+13.0% | |
| Intangible assets | 19.7M+302.0% | 4.90M+16.7% | 4.20M-99.1% | 452M+50.0% | 301M+1.8% | |
| Deferred tax assets | 11.8M+53.2% | 7.70M+30.5% | 5.90M-89.4% | 55.5M-26.7% | 75.7M+241.0% | |
| Other non-current assets | 368M+2645.5% | 13.4M+15.5% | 11.6M-92.8% | 160M+51.9% | 106M+59.5% | |
| Total non-current assets | 7.72B+660.3% | 1.02B-80.8% | 5.30B-1.0% | 5.36B+26.1% | 4.25B+39.3% | |
| 1.53B+478.7% | 264M-93.2% | 3.87B+44.9% | 2.67B+78.6% | 1.50B+79.0% | ||
| Accrued liabilities | 1.21B+430.7% | 228M+303.5% | 56.5M-96.8% | 1.75B+53.5% | 1.14B+92.6% | |
| Deferred revenue | 276M+1590.2% | 16.3M+136.2% | 6.90M-96.9% | 222M+58.1% | 140M+56.0% | |
| Short-term & current debt | 24.5M+301.6% | 6.10M-10.3% | 6.80M-97.8% | 303M+662.1% | 39.7M | |
| Current lease liability | 84.9M+548.1% | 13.1M+35.1% | 9.70M-93.8% | 156M+10.0% | 142M+21.4% | |
| Other current liabilities | 3.20M | — | 1.80M | — | — | |
| Finance lease liability (current) | — | — | 45.7M+15.4% | 39.6M+101.0% | 19.7M+358.1% | |
| 7.84B+2557.4% | 295M-94.6% | 5.46B+37.9% | 3.96B+21.3% | 3.27B+45.0% | ||
| Long-term debt | 4.10B | — | 551M+29.7% | 425M-63.4% | 1.16B | |
| Deferred revenue (non-current) | 1.30B | — | — | — | — | |
| Non-current lease liability | 761M+2409.9% | 30.3M+212.4% | 9.70M-96.1% | 250M-24.5% | 332M+91.0% | |
| Operating lease liability (total) | 845M+1847.9% | 43.4M+123.7% | 19.4M-95.2% | 406M-14.2% | 473M+63.0% | |
| Finance lease liability (total) | — | — | 353M+3.7% | 341M+50.5% | 226M+351.0% | |
| Finance lease liability | — | — | 308M+2.2% | 301M+45.8% | 207M+351.5% | |
| Deferred tax liabilities | — | — | 128M+64.3% | 77.8M+93.5% | 40.2M-22.7% | |
| Other non-current liabilities | 2.00M+233.3% | 600K | — | — | — | |
| Total non-current liabilities | 6.31B+20316.8% | 30.9M-98.1% | 1.59B+23.4% | 1.29B-27.1% | 1.77B+24.9% | |
| 4.59B+41.2% | 3.25B-1.2% | 3.29B-26.8% | 4.50B+29.4% | 3.48B-21.2% | ||
| Additional paid-in capital | 2.36B+17.1% | 2.02B+11.3% | 1.81B+6.7% | 1.70B+11.7% | 1.52B-30.1% | |
| Retained earnings | 3.30B+2.6% | 3.22B-16.6% | 3.86B+56.3% | 2.47B+39.5% | 1.77B-11.0% | |
| Treasury stock | 1.08B-45.3% | 1.97B+9941.3% | 19.6M-1.0% | 19.8M-46.0% | 36.7M-63.3% | |
| Accumulated other comprehensive income | -100K+99.5% | -22.1M+99.1% | -2.37B-786.4% | 345M+58.3% | 218M-10.4% | |
| Non-controlling interest | — | — | 200M-35.7% | 311M+66.3% | 187M-31.3% | |
| Total equity incl. non-controlling | 4.59B+41.2% | 3.25B-1.2% | 3.29B-31.5% | 4.81B+34.3% | 3.58B-23.6% | |
| Total liabilities & equity | 12.4B+250.3% | 3.55B-59.5% | 8.76B-0.1% | 8.77B+26.4% | 6.94B-0.6% | |
| Common shares outstanding | 253M+7.3% | 236M | — | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 385M+56.7% | 246M-70.4% | 830M+19.1% | 697M+457.2% | 125M-71.7% | ||
| Depreciation & amortization | 418M+442.0% | 77.1M+163.1% | 29.3M+6.5% | 27.5M-91.5% | 325M+35.5% | |
| Intangible amortization | 6.90M+263.2% | 1.90M+35.7% | 1.40M+133.3% | 600K-99.3% | 80.1M+54.6% | |
| Share-based compensation | 83.2M+52.7% | 54.5M+89.2% | 28.8M+200.0% | 9.60M-96.6% | 280M+31.7% | |
| Deferred income taxes | -3.40M-21.4% | -2.80M-115.4% | -1.30M+48.0% | -2.50M+96.4% | -69.5M-847.3% | |
| Change in receivables | 715M+7191.8% | 9.80M+526.1% | -2.30M-185.2% | 2.70M-98.9% | 242M+182.8% | |
| Change in inventory | — | — | -42.5M-116.3% | 260M+306.7% | 64.0M+215.3% | |
| -4.23B-1457.3% | 312M+125.7% | -1.21B-200.7% | -403M-236.2% | 296M+118.2% | ||
| Capital expenditure | 4.07B+403.5% | 808M+874.1% | 82.9M+467.8% | 14.6M-97.6% | 601M+80.7% | |
| Free cash flow | -3.68B-555.1% | -562M-175.2% | 747M+9.5% | 682M+243.5% | -476M-536.2% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 11.7M-89.4% | 111M-75.8% | |
| Proceeds from sale of PP&E | — | 1.60M | — | 2.00M | — | |
| Other investing activities | -4.50M-800.0% | -500K+94.8% | -9.70M-385.0% | -2.00M-106.8% | 29.2M+2090.5% | |
| 5.13B+520.9% | 826M+119.8% | 376M+474.5% | -100M+91.2% | -1.14B-160.4% | ||
| Long-term debt issued | 4.16B | 0.00-100.0% | 2.53B+251.6% | 720M | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00-100.0% | 10.0M | 0.00 | 0.00-100.0% | 93.8M-31.8% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | — | — | -63.2M-220.8% | -19.7M-245.6% | -5.70M-200.0% | |
| Net change in cash | 1.27B-6.5% | 1.36B+1343.5% | -109M-182.9% | 132M+118.5% | -714M-169.4% | |
| Interest paid | 12.2M | — | 98.4M+713.2% | 12.1M | — | |
| Income taxes paid | 4.50M+21.6% | 3.70M+85.0% | 2.00M+900.0% | 200K-99.9% | 169M+0.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 21.2B+224.3% | 6.53B | — | — | — | |
| P/E | 256.7× | — | — | — | — | |
| P/S | 40.0×-44.0% | 71.4× | — | — | — | |
| P/B | 4.6×+129.7% | 2.0× | — | — | — | |
| Earnings yield | 0.39% | — | — | — | — | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: NBIS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NBIS filings on SEC EDGAR → Not investment advice.