(NBIS) Nebius - Overview
Sector: Communication Services | Industry: Internet Content & Information | Exchange: NASDAQ (USA) | Market Cap: 57.467m USD | Total Return: 507.5% in 12m
Avg Turnover: 3.44B
Qual. Beats: 1
Rev. Trend: 3.2%
Qual. Beats: 0
Warnings
P/E ratio 87.7
Share dilution 29.8% YoY
Interest Coverage Ratio -4.9 is critical
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Tailwinds
Supp Ema20, Rs Leader, Idiosyncratic Leader, Tailwind
Nebius Group N.V. (NBIS), formerly Yandex N.V., is a Netherlands-based technology firm providing full-stack infrastructure for the global artificial intelligence sector. The company operates large-scale GPU clusters and cloud platforms, supported by a strategic alliance with NVIDIA to advance physical AI and robotics simulation. Its portfolio includes Toloka for AI data labeling, TripleTen for technical education, and Avride for autonomous vehicle and robotics development.
As a Systems Software provider, the company utilizes a vertically integrated business model to control both hardware orchestration and software layers, which is critical for reducing latency in generative AI workloads. The AI infrastructure market is currently characterized by high capital expenditure requirements for specialized semiconductors and specialized cooling systems for data centers. Investors may find additional data points on ValueRay useful for evaluating these capital requirements.
Headquartered in Amsterdam, Nebius focuses its operations across Europe, North America, and Israel. The company rebranded in August 2024 following a corporate restructuring to pivot its core focus toward international AI infrastructure and developer services.
- GPU cluster expansion and cloud platform adoption drive core AI infrastructure revenue
- Strategic NVIDIA alliance secures critical hardware access for large-scale physical AI development
- Toloka and TripleTen performance dictates growth in high-margin AI services and edtech
- Post-divestiture restructuring from Yandex legacy impacts investor sentiment and valuation multiples
- Capital expenditure requirements for data center scaling pressure short-term free cash flow margins
| Net Income: 836.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.20 > 0.02 and ΔFCF/TA 325.6 > 1.0 |
| NWC/Revenue: 1.13k% < 20% (prev 1.07k%; Δ 55.26% < -1%) |
| CFO/TA 0.13 > 3% & CFO 2.84b > Net Income 836.4m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 8.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (309.0m) vs 12m ago 29.82% < -2% |
| Gross Margin: 47.91% > 18% (prev 0.47%; Δ 4.74k% > 0.5%) |
| Asset Turnover: 6.82% > 50% (prev 4.32%; Δ 2.50% > 0%) |
| Interest Coverage Ratio: -4.88 > 6 (EBITDA TTM -52.8m / Interest Expense TTM 121.7m) |
| A: 0.44 (Total Current Assets 11.2b - Total Current Liabilities 1.35b) / Total Assets 22.3b |
| B: 0.18 (Retained Earnings 3.92b / Total Assets 22.3b) |
| C: -0.05 (EBIT TTM -593.6m / Avg Total Assets 12.9b) |
| D: 0.26 (Book Value of Equity 3.92b / Total Liabilities 15.1b) |
| Altman-Z'' = 3.45 = A |
| DSRI: 2.37 (Receivables 1.53b/108.7m, Revenue 877.9m/148.4m) |
| GMI: 0.98 (GM 47.91% / 46.71%) |
| AQI: 2.43 (AQ_t 0.12 / AQ_t-1 0.05) |
| SGI: 5.92 (Revenue 877.9m / 148.4m) |
| TATA: -0.09 (NI 836.4m - CFO 2.84b) / TA 22.3b) |
| Beneish M = 2.36 (Cap -4..+1) = D |
As of May 30, 2026, the stock is trading at USD 231.09 with a total of 21,204,312 shares traded.
Over the past week, the price has changed by +5.07%,
over one month by +63.67%,
over three months by +153.42% and
over the past year by +507.49%.
Nebius has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy NBIS.
- StrongBuy: 2
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 237.6 | 2.8% |
Market Cap RUB = 4074b (57.5b USD * 70.9 USD.RUB)
P/E Trailing = 87.7287
P/E Forward = 68.4932
P/S = 65.46
P/B = 7.9365
P/EG = 0.6277
Revenue TTM = 877.9m RUB
EBIT TTM = -593.6m RUB
EBITDA TTM = -52.8m RUB
Long Term Debt = 8.43b RUB (from longTermDebt, last quarter)
Short Term Debt = 18.4m RUB (from shortTermDebt, last quarter)
Debt = 10.5b RUB (from shortLongTermDebtTotal, last quarter) + Leases 1.05b
Net Debt = 1.24b RUB (calculated: Debt 10.5b - CCE 9.30b)
Enterprise Value = 4076b RUB (4074b + Debt 10.5b - CCE 9.30b)
Interest Coverage Ratio = -4.88 (Ebit TTM -593.6m / Interest Expense TTM 121.7m)
EV/FCF = -914.2x (Enterprise Value 4076b / FCF TTM -4.46b)
FCF Yield = -0.11% (FCF TTM -4.46b / Enterprise Value 4076b)
FCF Margin = -507.8% (FCF TTM -4.46b / Revenue TTM 877.9m)
Net Margin = 95.27% (Net Income TTM 836.4m / Revenue TTM 877.9m)
Gross Margin = 47.91% ((Revenue TTM 877.9m - Cost of Revenue TTM 457.3m) / Revenue TTM)
Gross Margin QoQ = 20.85% (prev 69.92%)
Tobins Q-Ratio = 182.7 (set to none) (Enterprise Value 4076b / Total Assets 22.3b)
Interest Expense / Debt = 1.15% (Interest Expense 121.7m / Debt 10.5b)
Taxrate = 12.12% (4.00m / 33.0m)
NOPAT = -521.6m (EBIT -593.6m * (1 - 12.12%)) [loss with tax shield]
Current Ratio = 5.70 (Total Current Assets 11.2b / Total Current Liabilities 1.97b)
Debt / Equity = 1.46 (Debt 10.5b / totalStockholderEquity, last quarter 7.24b)
Debt / EBITDA = -23.57 (negative EBITDA) (Net Debt 1.24b / EBITDA -52.8m)
Debt / FCF = -0.28 (negative FCF - burning cash) (Net Debt 1.24b / FCF TTM -4.46b)
Total Stockholder Equity = 5.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.50% (Net Income 836.4m / Total Assets 22.3b)
RoE = 16.37% (Net Income TTM 836.4m / Total Stockholder Equity 5.11b)
RoCE = -4.38% (EBIT -593.6m / Capital Employed (Equity 5.11b + L.T.Debt 8.43b))
RoIC = -2.49% (negative operating profit) (NOPAT -521.6m / Invested Capital 20.9b)
WACC = 7.89% (E(4074b)/V(4085b) * Re(7.91%) + D(10.5b)/V(4085b) * Rd(1.15%) * (1-Tc(0.12)))
Discount Rate = 7.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -24.44 | Cagr: -6.74%
[DCF] Fair Price = unknown (Cash Flow -4.46b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 4.0 | # QB: 1
Revenue Correlation: 3.15 | Revenue CAGR: 6.20% | SUE: 0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.75 | Chg30d=+5.38% | Revisions=+14% | Analysts=4
EPS next Quarter (2026-09-30): EPS=-1.12 | Chg30d=-23.44% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=-1.70 | Chg30d=+56.93% | Revisions=+33% | GrowthEPS=+0.0% | GrowthRev=+549.6%
EPS next Year (2027-12-31): EPS=-2.47 | Chg30d=+40.19% | Revisions=+50% | GrowthEPS=-45.5% | GrowthRev=+219.4%
[Analyst] Revisions Ratio: +50%