Revenue
5Y CAGR −29.4%10Y CAGR −5.9%$529.8M FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
NBIS
$141.52-6.67%
as of close, Nov 4, 2026
☾ AH $141.52 -6.67%
Nebius Group N.V.Stock · Communication ServicesNasdaq-100 · 0.3% of QQQMSCI EAFE · 0.2% of EFAMSCI World · 0.05% of URTHMSCI ACWI · 0.04% of ACWI
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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.
Financial overview#
Gross profit
5Y CAGR −27.7%10Y CAGR −6.4%$363.6M FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Operating income
5Y n/m10Y n/m−$611.7M FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Net income
5Y CAGR −24.8%10Y CAGR −6.3%$82.5M FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
EPS (diluted)
5Y CAGR −19.3%10Y CAGR −3.9%$0.33 FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Operating cash flow
5Y CAGR −3.1%10Y CAGR +2.0%$384.8M FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Capital expenditure
5Y CAGR +64.3%10Y CAGR +34.3%$4.1B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Free cash flow
5Y n/m10Y n/m−$3.7B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares (diluted)
5Y −29.9%10Y −23.5%247.7M FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares outstanding (point-in-time)
2017-12 331.2M2018-12 324.7M2019-12 335.4M2020-12 354.2M2021-12 358.7M2022-12 361.5M2023-12 361.5M2024-12 235.8M2025-12 253.0M-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.
PeriodRangeOrderChangeFiguresAs-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+833.7% | 9.80M-27.4% | 13.5M-99.7% | 4.83B+59.9% | ||
| Lease income | — | — | 124M-15.4% | 147M-8.9% | 161M | |
| 364M+660.7% | 47.8M+587.8% | -9.80M+34.2% | -14.9M-100.6% | 2.47B+34.7% | ||
| Cost of revenue | 166M+280.3% | 43.7M+123.0% | 19.6M-31.0% | 28.4M-98.8% | 2.36B+98.8% | |
| Research & development | 177M+54.4% | 115M+31.8% | 87.1M+49.4% | 58.3M-91.1% | 658M+30.7% | |
| Selling, general & administrative | 380M+48.8% | 256M+60.2% | 160M+178.4% | 57.3M-96.6% | 1.67B+91.5% | |
| Amortization of intangibles | 6.90M+263.2% | 1.90M+35.7% | 1.40M+133.3% | 600K-99.3% | 80.7M+52.4% | |
| Provision for credit losses | 3.90M+290.0% | 1.00M+42.9% | 700K-97.7% | 30.5M+81.9% | 16.8M+39.9% | |
| Operating income | -612M-53.1% | -400M-39.9% | -286M-80.8% | -158M+12.3% | -180M-183.0% | |
| Interest expense | 61.5M | 0.00 | 0.00-100.0% | 49.0M-2.7% | 50.4M+53.3% | |
| Interest & investment income | 31.8M-50.0% | 63.6M+1827.3% | 3.30M+230.0% | 1.00M-98.4% | 62.6M+16.9% | |
| Other non-operating income | 80.6M+563.2% | -17.4M-370.3% | -3.70M+53.2% | -7.90M+52.2% | -16.5M-151.4% | |
| Equity-method income | -24.3M-6175.0% | 400K+103.7% | -10.9M+22.1% | -14.0M-116.2% | 86.4M+386.9% | |
| Pre-tax income | 13.8M+103.9% | -353M-18.9% | -297M-66.0% | -179M-82.5% | -98.0M-119.4% | |
| Income tax | 4.00M+500.0% | -1.00M-150.0% | 2.00M+81.8% | 1.10M-98.9% | 101M-44.8% | |
| 82.5M+112.9% | -641M-365.8% | 241M-67.6% | 746M+474.5% | -199M-158.2% | ||
| 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 | — | — | 22.3M-81.0% | 118M+54042.6% | 217K+101.2% | |
| Net income to common | 82.5M+112.9% | -641M-365.8% | 241M-67.6% | 746M+474.5% | -199M-158.2% | |
| $0.33+114.5% | -$2.28-450.8% | $0.65-59.1% | $1.59+389.4% | -$0.55-156.9% | ||
| EPS (basic) | $0.34+114.9% | -$2.28-450.8% | $0.65-68.0% | $2.03+469.5% | -$0.55-154.7% | |
| 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+6.5% | 3.24B+20.9% | 2.68B-31.1% | ||
| Cash & equivalents | 3.68B+51.1% | 2.43B+1997.1% | 116M-89.7% | 1.12B+5.7% | 1.06B-40.1% | |
| Short-term investments | — | — | — | — | 54.3M | |
| Accounts receivable | 720M+6331.3% | 11.2M+173.2% | 4.10M-99.5% | 784M+34.2% | 585M+71.2% | |
| Inventory | — | — | 241M-36.9% | 382M+196.6% | 129M+99.3% | |
| Prepaid expenses | 34.8M+56.8% | 22.2M+33.7% | 16.6M-92.8% | 229M+35.0% | 170M+88.2% | |
| Other current assets | 147M+290.4% | 37.6M+125.1% | 16.7M-92.7% | 229M+128.8% | 100M+39.0% | |
| 12.4B+250.3% | 3.55B-59.5% | 8.76B+5.0% | 8.34B+20.6% | 6.92B-0.0% | ||
| 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-95.2% | 387M-20.4% | 486M+74.2% | |
| Goodwill | — | — | 1.62B-16.9% | 1.94B+22.9% | 1.58B+13.0% | |
| Intangible assets | 19.7M+302.0% | 4.90M+16.7% | 4.20M-99.0% | 429M+43.2% | 300M+2.4% | |
| Deferred tax assets | 11.8M+53.2% | 7.70M+30.5% | 5.90M-88.8% | 52.8M-30.1% | 75.5M+243.2% | |
| Other non-current assets | 368M+2645.5% | 13.4M+15.5% | 11.6M-94.4% | 207M+96.3% | 105M+60.3% | |
| Total non-current assets | 7.72B+660.3% | 1.02B-80.8% | 5.30B+4.1% | 5.09B+20.3% | 4.23B+40.1% | |
| 1.53B+478.7% | 264M-93.2% | 3.87B+52.4% | 2.54B+70.4% | 1.49B+76.8% | ||
| Accrued liabilities | 1.21B+430.7% | 228M+303.5% | 56.5M-96.6% | 1.66B+51.7% | 1.09B+86.9% | |
| Deferred revenue | 276M+1590.2% | 16.3M+136.2% | 6.90M-96.7% | 211M+50.8% | 140M+56.7% | |
| Short-term & current debt | 24.5M+301.6% | 6.10M-10.3% | 6.80M-97.6% | 288M+630.2% | 39.4M | |
| Current lease liability | 84.9M+548.1% | 13.1M+35.1% | 9.70M-93.5% | 148M+5.0% | 141M+22.1% | |
| Other current liabilities | 3.20M | — | 1.80M | — | — | |
| Finance lease liability (current) | — | — | 46.3M+22.9% | 37.7M+91.5% | 19.7M+357.0% | |
| 7.84B+2557.4% | 295M-94.6% | 5.46B+45.0% | 3.77B+15.7% | 3.25B+44.8% | ||
| Long-term debt | 4.10B | — | 559M+38.4% | 404M-64.9% | 1.15B+3.1% | |
| Deferred revenue (non-current) | 1.30B | — | — | — | — | |
| Non-current lease liability | 761M+2409.9% | 30.3M+212.4% | 9.70M-95.9% | 238M-28.0% | 331M+92.0% | |
| Operating lease liability (total) | 845M+1847.9% | 43.4M+123.7% | 19.4M-95.0% | 386M-18.1% | 472M+63.9% | |
| Finance lease liability (total) | — | — | 358M+10.6% | 324M+43.6% | 226M+353.5% | |
| Finance lease liability | — | — | 312M+9.0% | 286M+39.1% | 206M+353.1% | |
| Deferred tax liabilities | — | — | 130M+75.2% | 74.0M+84.5% | 40.1M-19.3% | |
| Other non-current liabilities | 2.00M+233.3% | 600K | — | — | — | |
| Total non-current liabilities | 6.31B+20316.8% | 30.9M-98.1% | 1.59B+29.7% | 1.23B-30.5% | 1.76B+25.6% | |
| 4.59B+41.2% | 3.25B-1.2% | 3.29B-23.0% | 4.28B+23.5% | 3.46B-20.5% | ||
| Additional paid-in capital | 2.36B+17.1% | 2.02B+11.3% | 1.81B+12.2% | 1.62B+6.6% | 1.52B-29.8% | |
| Retained earnings | 3.30B+2.6% | 3.22B-16.6% | 3.86B+64.3% | 2.35B+33.1% | 1.76B-9.8% | |
| Treasury stock | 1.08B-45.3% | 1.97B+9941.3% | 19.6M+4.1% | 18.8M-48.5% | 36.6M-54.5% | |
| Accumulated other comprehensive income | -100K+99.5% | -22.1M+99.1% | -2.37B-821.9% | 328M+51.0% | 217M-9.7% | |
| Non-controlling interest | — | — | 200K-99.9% | 296M+58.8% | 186M-30.9% | |
| Total equity incl. non-controlling | 4.59B+41.2% | 3.25B-1.2% | 3.29B-28.0% | 4.57B+25.3% | 3.65B-21.1% | |
| Total liabilities & equity | 12.4B+250.3% | 3.55B-59.5% | 8.76B+5.0% | 8.34B+20.6% | 6.92B-0.0% | |
| 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+452.7% | 126M-72.1% | ||
| Depreciation & amortization | 418M+442.0% | 77.1M+163.1% | 29.3M+6.5% | 27.5M-91.6% | 327M+33.6% | |
| Intangible amortization | 6.90M+263.2% | 1.90M+35.7% | 1.40M+133.3% | 600K-99.3% | 80.7M+52.4% | |
| Share-based compensation | 83.2M+52.7% | 54.5M+89.2% | 28.8M+200.0% | 9.60M-96.6% | 283M+29.8% | |
| Deferred income taxes | -3.40M-21.4% | -2.80M-115.4% | -1.30M+48.0% | -2.50M+96.4% | -70.1M-859.7% | |
| Change in receivables | 715M+7191.8% | 9.80M+526.1% | -2.30M-185.2% | 2.70M-99.0% | 261M+162.2% | |
| Change in inventory | — | — | -44.6M-116.9% | 264M+309.2% | 64.5M+210.5% | |
| -4.23B-1457.3% | 312M+125.7% | -1.21B-200.7% | -403M-235.1% | 298M+118.0% | ||
| Capital expenditure | 4.07B+403.5% | 808M+874.1% | 82.9M+467.8% | 14.6M-97.6% | 606M+78.1% | |
| Free cash flow | -3.68B-555.1% | -562M-175.2% | 747M+9.5% | 682M+242.3% | -479M-529.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 11.8M-89.4% | 112M-76.1% | |
| Proceeds from sale of PP&E | — | 1.60M | — | 2.00M | — | |
| Other investing activities | -4.50M-800.0% | -500K+95.1% | -10.2M-246.2% | 7.00M-76.0% | 29.2M+2089.5% | |
| 5.13B+520.9% | 826M+119.8% | 376M+474.5% | -100M+91.3% | -1.15B-159.5% | ||
| Long-term debt issued | 4.16B | — | 2.66B+263.8% | 731M | 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 | — | 10.0M | 0.00 | 0.00-100.0% | 94.5M-32.8% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | — | — | -66.4M-231.3% | -20.1M+12.5% | -22.9M+60.5% | |
| Net change in cash | 1.27B-6.5% | 1.36B+1343.5% | -109M-182.9% | 132M+118.3% | -720M-168.4% | |
| Interest paid | 12.2M | — | 103M+744.4% | 12.2M | — | |
| Income taxes paid | 4.50M+21.6% | 3.70M+85.0% | 2.00M+900.0% | 200K-99.9% | 171M-0.6% | |
| 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.
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