Nebius Group N.V.
- Open
- 199.15
- Day high
- 202.81
- Day low
- 194.80
- Prev close
- 206.32
- Volume
- 10.7M
- Mkt cap
- $54.2B
- P/E (TTM)
- 767.5
- EPS (TTM)
- $0.26
- P/B
- 5.2
- P/S
- 40.0
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$45.1M over the last 3 months (0 open-market buys, 39 sales)
- 🏛Institutions accumulating (13F)
Nebius Group N.V. (NBIS) is a Communication Services company listed on NASDAQ. The stock is up 204% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 39 sales (SEC Form 4). Drillr has 3 published research articles covering NBIS.
Nebius Group N.V. (NBIS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 7 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NBIS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 12, 2026 | $-0.72 | $-0.12 | +83.3% | $582M | +2.2% |
| May 13, 2026 | $-0.77 | $-0.23 | +70.0% | $399M | +6.4% |
| Feb 12, 2026 | $-0.58 | $-0.69 | -19.0% | $228M | -7.5% |
| Aug 7, 2025 | $-0.50 | $-0.38 | +24.0% | $105M | -0.3% |
| May 20, 2025 | $-0.45 | $-0.43 | +2.2% | $38M | -34.4% |
| Oct 31, 2024 | — | $-0.33 | — | $43M | — |
| Aug 1, 2024 | — | $0.68 | — | $12M | — |
| Apr 26, 2024 | — | $-0.20 | — | $7M | — |
| Sep 30, 2023 | — | $0.23 | — | $5M | — |
| Jun 30, 2023 | — | $0.47 | — | $5M | — |
| Mar 31, 2023 | — | $0.16 | — | $5M | — |
| Dec 31, 2022 | $0.20 | $0.18 | -7.6% | $2.2B | +3.5% |
NBIS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 18, 2026 | Boynton John Wilson IVdirector | Sell | 100 | $258.55 |
| Aug 18, 2026 | Ryan Charles Edirector | Sell | 2,667 | $269.64 |
| Aug 18, 2026 | Ryan Charles Edirector | Sell | 5,000 | $268.61 |
| Aug 18, 2026 | Ryan Charles Edirector | Sell | 9,622 | $266.67 |
| Aug 18, 2026 | Ryan Charles Edirector | Sell | 10,113 | $265.45 |
| Aug 18, 2026 | Ryan Charles Edirector | Sell | 9,283 | $264.78 |
| Aug 18, 2026 | Ryan Charles Edirector | Sell | 13,315 | $263.32 |
| Aug 18, 2026 | Boynton John Wilson IVdirector | Sell | 196 | $277.86 |
| Aug 18, 2026 | Boynton John Wilson IVdirector | Sell | 300 | $275.80 |
| Aug 18, 2026 | Boynton John Wilson IVdirector | Sell | 500 | $273.78 |
| Aug 18, 2026 | Boynton John Wilson IVdirector | Sell | 1,000 | $272.76 |
| Aug 18, 2026 | Boynton John Wilson IVdirector | Sell | 700 | $271.75 |
| Aug 18, 2026 | Boynton John Wilson IVdirector | Sell | 600 | $270.44 |
| Aug 18, 2026 | Boynton John Wilson IVdirector | Sell | 404 | $267.87 |
| Aug 18, 2026 | Boynton John Wilson IVdirector | Sell | 496 | $266.78 |
Source: NBIS SEC Form 4 filings, latest Aug 18, 2026. For informational purposes only — not investment advice.
See the full NBIS insider & 13F page →NBIS research & analysis
S&P 500 Best Week Since November: NBIS Soared 37%, ULTA Dropped 19%
Anchored in the S&P 500's best week since November 2025, this analyzes cross-sector standouts: AI leaders NBIS, MU, TSEM soared 13-37% in days, energy VLO gained 8%, while ULTA and FICO dropped 19% each. Ranks NBIS top for conviction amid rotation rally.
TSEMMUVLOS&P 500's Best Week in 4 Months: 6 Cross-Sector Winners to Buy Now
The S&P 500's strongest week in four months highlights cross-sector winners like MU, VLO, CF, NIO, NBIS, and IREN, each with strong recent gains, growth metrics, and thematic tailwinds. Ranked by conviction, they offer positioning for continued broadening. Key risks include macro slowdowns and sector rotations.
MUVLOCFWhich data center REITs benefit most as hyperscalers race to lock up AI-ready capacity?
Data center REITs are experiencing unprecedented demand as hyperscalers and GPU cloud providers race to lock up AI-ready capacity, with CoreWeave alone planning $30-35B in 2026 capex. Digital Realty offers the best risk-reward with its 5 GW power pipeline and record backlog, while Iron Mountain is the highest-upside dark horse with 30%+ data center revenue growth at a meaningful valuation discount to peers.
DLREQIXIRM
Nebius Group N.V. company profile
Overview
Nebius Group N.V. (NASDAQ:NBIS) is a technology company that emerged from the restructuring of Russian internet giant Yandex N.V. Founded in 1989 and formerly known as Yandex N.V., the company changed its name to Nebius Group N.V. in August 2024 and resumed public trading in October 2024. Headquartered in Amsterdam, Netherlands, with research and development hubs across Europe, North America, and Israel, Nebius has pivoted from its original search engine roots to become a specialized provider of artificial intelligence infrastructure and services. The company operates as a full-stack AI technology provider, building large-scale GPU clusters, cloud platforms, and developer tools specifically designed for intensive AI workloads.
Business
Nebius operates in the rapidly expanding artificial intelligence infrastructure sector, providing comprehensive technology solutions across four main business segments. The company's primary focus is on building and operating the foundational computing infrastructure that powers modern AI applications, particularly large language models and other computationally intensive machine learning workloads. The company's flagship offering is Nebius AI Cloud, a specialized cloud computing platform engineered specifically for AI workloads. Unlike traditional cloud providers that offer general-purpose computing resources, Nebius designs its infrastructure around the unique requirements of AI training and inference, including high-performance GPU clusters, optimized networking, and AI-specific software tools. This platform provides developers and enterprises with access to thousands of graphics processing units (GPUs) - the specialized chips essential for training and running AI models - along with the supporting infrastructure needed to scale AI applications. Toloka AI represents the company's data services division, providing human-annotated training data that AI models require to learn and improve their performance. This business has experienced significant growth with 140% revenue increase, serving clients who need high-quality labeled datasets for training their machine learning models. The service addresses a critical bottleneck in AI development, as most AI systems require vast amounts of carefully curated and labeled data to function effectively. TripleTen operates as an educational technology platform focused on retraining individuals for careers in technology fields. This segment has shown remarkable growth with 250% revenue increase and serves approximately 14,000 students. The business capitalizes on the growing demand for technical skills in an increasingly digital economy. Avride develops autonomous driving technology for both self-driving vehicles and delivery robots. This division has secured strategic partnerships with major platforms including Uber Eats and Grubhub, positioning it in the emerging autonomous delivery market. While specific revenue contributions for each segment are not disclosed, the AI cloud infrastructure business appears to be the primary revenue driver based on the company's strategic focus and investment priorities.
Revenue model
Nebius generates revenue through multiple streams centered around its AI infrastructure and technology services. The primary revenue model is infrastructure-as-a-service, where customers pay for access to GPU computing resources, storage, and AI-optimized cloud services on a usage or subscription basis. The company projects its annualized run rate revenue to reach at least $220 million by March 2025, with full-year projections of $750 million to $1 billion, indicating the scale and growth trajectory of this business model. The company's paying customers include AI developers, machine learning researchers, enterprises building AI applications, and technology companies requiring large-scale computational resources for training and deploying AI models. These customers typically require sustained access to expensive GPU hardware that would be cost-prohibitive to purchase and maintain independently. Additional revenue streams include data annotation services through Toloka AI, where clients pay for human-curated training datasets, and educational services through TripleTen, which operates on a tuition-based model. Avride generates revenue through partnerships and licensing agreements with delivery platforms and potentially through autonomous vehicle technology licensing. Several factors significantly impact the company's margins and profitability. Positive margin drivers include the high utilization rates of expensive GPU infrastructure, premium pricing for specialized AI services, and economies of scale as the company expands its data center footprint. The company benefits from strong demand in the AI sector, which allows for favorable pricing and capacity utilization. Margin pressures come from the substantial capital requirements for GPU hardware and data center infrastructure, energy costs for power-intensive AI workloads, and intense competition from established cloud providers like Amazon Web Services, Microsoft Azure, and Google Cloud Platform. The company must continuously invest in next-generation hardware to remain competitive, with plans to deploy advanced Blackwell-series GPUs throughout 2025. Additionally, the cyclical nature of hardware refresh cycles and potential supply chain constraints for specialized AI chips can impact both costs and revenue timing.
Competitive moat
Nebius operates in a highly competitive AI infrastructure market where establishing a sustainable competitive advantage is challenging. The company's potential moat lies in its specialized focus and full-stack approach to AI infrastructure, differentiating itself from general-purpose cloud providers by optimizing every layer of the technology stack specifically for AI workloads. This includes custom data center designs, AI-optimized networking, specialized software tools, and deep expertise in deploying and managing large-scale GPU clusters. The company's geographic positioning provides some competitive advantage, with data centers strategically located in Europe (Finland, France, Iceland) and expanding into the United States (Kansas City). This geographic diversification offers customers data sovereignty options and reduced latency for European clients, which can be important for regulatory compliance and performance requirements. However, the competitive moat is relatively narrow and faces significant challenges. Major cloud providers like AWS, Microsoft Azure, and Google Cloud have substantially larger resources, established customer relationships, and are rapidly expanding their own AI-specific offerings. These incumbents can leverage their existing infrastructure, customer base, and financial resources to compete aggressively on pricing and features. Emerging threats include potential oversupply of AI infrastructure as multiple providers scale capacity simultaneously, commoditization of GPU-based services, and the possibility that major AI companies will build their own infrastructure rather than rely on third-party providers. Additionally, rapid technological changes in AI hardware and software could quickly obsolete current infrastructure investments. The company's moat strength is currently moderate but fragile, dependent on execution excellence, continued specialization advantages, and the ability to scale efficiently while maintaining service quality. Success will largely depend on the company's ability to stay ahead of the technology curve and build lasting customer relationships in a rapidly evolving market.
Risks & safety
Nebius demonstrates a strong financial position with substantial liquidity but faces typical early-stage growth company risks. **Overall Assessment:** Strong balance sheet with adequate cash runway, but burning cash while scaling operations and facing execution risks in a competitive market. **Cash and Solvency:** - Cash and short-term investments: $2.23 billion as of Q4 2024 - Raised additional $700 million in Q4 2024 from investors including NVIDIA and Accel - Current ratio of 9.6x indicates strong short-term liquidity - Debt-to-equity ratio of only 1.5% shows minimal leverage - Free cash flow negative at -$512 million for FY 2024, reflecting heavy infrastructure investment **Valuation Metrics:** - Trading at premium valuation with EV/EBITDA not meaningful due to negative EBITDA - Price-to-book ratio suggests market expectations of significant future growth - Revenue growth trajectory from near-zero to projected $500-700 million in 2025 indicates rapid scaling **Other Considerations:** - High capital intensity business model requiring continuous GPU and infrastructure investment - Dependency on specialized hardware supply chains and vendor relationships - Regulatory and geopolitical risks given the company's restructuring from Russian origins - Market timing risk if AI demand growth slows or competition intensifies
Recent development
Nebius has undergone a dramatic transformation over the past year, pivoting from its legacy as part of Yandex to become a focused AI infrastructure provider. The most significant development was the corporate restructuring and name change from Yandex N.V. to Nebius Group N.V. in August 2024, followed by the resumption of public trading in October 2024 after a period of suspension due to geopolitical concerns. The company has executed an aggressive infrastructure expansion strategy, scaling from minimal GPU capacity to approximately 38,000 GPUs by March 2025, with 20,000 being high-performance H200 units. This expansion includes new data centers across multiple geographies: Finland, France, Iceland, and the company's first U.S. facility in Kansas City. The company projects reaching 100 megawatts of operational capacity by year-end 2025, with potential scalability to over 300 megawatts. Product development initiatives have focused on launching specialized AI services, including the Nebius AI Cloud platform and Inference-as-a-Service offerings designed specifically for AI workloads. The company has also invested heavily in next-generation hardware deployment, planning to transition from current H200 GPUs to advanced Blackwell-series processors (B200, GB200, GB300) throughout 2025. The capital raising and partnership strategy has been particularly notable, with the company securing $700 million in Q4 2024 from strategic investors including NVIDIA and Accel. This funding supports the capital-intensive nature of GPU infrastructure deployment and validates the company's strategic direction from key industry players. Market expansion efforts have included significant investments in sales and marketing teams, particularly for the U.S. market, and the development of strategic partnerships. The Avride autonomous technology division has secured partnerships with major platforms including Uber Eats and Grubhub, while other business units have shown strong growth with Toloka AI achieving 140% revenue growth and TripleTen reaching 250% revenue growth with 14,000 students.
NBIS company profile · for informational purposes only — not investment advice.
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