NBIS - Nebius Group N.V.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$184.20
DETAILS
HIGH:
$250.00
LOW:
$129.00
MEDIAN:
$150.00
CONSENSUS:
$184.20
DOWNSIDE:
14.23%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||
| Revenue | 529.8 | 117.5 | 20.9 | 13.5 | 4,759.1 | 2,946.5 | 2,825.7 | 1,831.9 | 1,628.9 | 1,234.2 | 831.5 | 827.2 | 40 | 28 | 21 | 13 | 274 |
| Cost of Revenue | 166.2 | 73.4 | 31.9 | 28.4 | 2,324.3 | 1,157.0 | 898.8 | 515.1 | 414.8 | 321.1 | 233.8 | 233.6 | 14 | 10 | 7 | 4 | 94 |
| Gross Profit | 363.6 | 44.1 | (11) | (14.9) | 2,434.8 | 1,789.5 | 1,926.9 | 1,316.8 | 1,214.1 | 913.1 | 597.8 | 593.6 | 25 | 18 | 14 | 9 | 180 |
| Operating Expenses | |||||||||||||||||
| R&D Expenses | 177.3 | 129.7 | 112.3 | 58.3 | 647.5 | 490.4 | 470.6 | 324.0 | 326.7 | 257.4 | 186.6 | 144.1 | 6 | 4 | 3 | 2 | 51 |
| SG&A Expenses | 378.5 | 0 | 0 | 57.3 | 0 | 849.0 | 810.3 | 512.6 | 464.8 | 290.7 | 161.3 | 126.8 | 7 | 5 | 4 | 2 | 46 |
| Other Expenses | 404.0 | 355.1 | 204.2 | 27.5 | 1,964.7 | 238.7 | 250.3 | 181.1 | 200.2 | 156.2 | 116.4 | 73.1 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 959.8 | 484.8 | 316.5 | 143.1 | 2,612.2 | 1,578.1 | 1,531.2 | 1,017.7 | 991.7 | 704.2 | 464.4 | 343.9 | 13 | 9 | 7 | 4 | 97 |
| Operating Income | |||||||||||||||||
| Operating Income | (596.2) | (440.7) | (327.5) | (158) | (177.4) | 211.5 | 395.7 | 299.1 | 222.4 | 208.8 | 133.4 | 249.7 | 13 | 9 | 8 | 5 | 83 |
| Interest Expense | 57.8 | 0 | 0 | 48 | 50 | 32.8 | 1 | 18 | 15 | 18 | 21 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 31.8 | 63 | 3.3 | 67 | 62 | 53.5 | 51 | 63 | 50 | 43 | 49 | 24 | 54 | 31 | 8 | 5 | 64 |
| Profitability | |||||||||||||||||
| EBITDA | (192.2) | (363.4) | (298.2) | (130.5) | 109.9 | 424.5 | 622.9 | 461.6 | 392.6 | 341.2 | 234.6 | 310.3 | 21 | 13 | 10 | 7 | 113 |
| EBIT | (596.2) | (440.7) | (327.5) | (158) | (177.4) | 211.5 | 408.0 | 306.0 | 227.9 | 208.8 | 141.4 | 249.7 | 17 | 10 | 8 | 5 | 84 |
| Income Before Tax | 33 | (394) | (339.4) | (178.9) | (96.5) | 493.1 | 366.1 | 752.8 | 244.1 | 180.5 | 189.1 | 366.2 | 17 | 10 | 8 | 5 | 84 |
| Income Tax Expense | 4 | (0.5) | 2.1 | 1.1 | 99.3 | 178.0 | 187.8 | 117.7 | 86.9 | 70.3 | 54.5 | 88.9 | 3 | 2 | 2 | 1 | 21 |
| Net Income | 101.7 | (641.4) | 241.3 | 745.6 | (196.0) | 333.5 | 204.5 | 659.9 | 159.4 | 110.5 | 134.6 | 277.3 | 14 | 8 | 6 | 4 | 63 |
| Per Share Data | |||||||||||||||||
| EPS (Basic) | 0.11 | -2.28 | 0.65 | 2.03 | -0.54 | 0.98 | 0.63 | 2.02 | 0.49 | 0.40 | 0.51 | 1.11 | 0.04 | 0.02 | 0.02 | 0.01 | 0.19 |
| EPS (Diluted) | 0.11 | -2.28 | 0.65 | 1.81 | -0.54 | 0.94 | 0.63 | 2.02 | 0.42 | 0.34 | 0.42 | 0.85 | 0.04 | 0.02 | 0.02 | 0.01 | 0.19 |
| Shares Outstanding | 253.0 | 281 | 371 | 368 | 362 | 341 | 327 | 327 | 325 | 275 | 263 | 250 | 331 | 332 | 316 | 304 | 332 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 3,678.1 | 2,449.6 | 116.1 | 1,115.9 | 1,063.1 | 1,779.4 | 910.0 | 990.0 | 739.8 | 461.1 | 142.8 |
| Short-Term Investments | 0 | 0 | 5.1 | 10.7 | 374.4 | 1,421.8 | 514.4 | 0 | 399.5 | 568.4 | 0 |
| Net Receivables | 720.3 | 44.4 | 11.5 | 1,423.0 | 906.0 | 515.0 | 414.3 | 293.2 | 226.4 | 165.5 | 13.5 |
| Inventory | 0 | 0 | 240.4 | 378.8 | 128.6 | 64.6 | 13.0 | 3.8 | 0.7 | 0 | 0 |
| Other Current Assets | 278.2 | 5.1 | 3,053.1 | 19.9 | 6.7 | 9.8 | 12.0 | 3.2 | 11.3 | 2.8 | 5.1 |
| Total Current Assets | 4,711.4 | 2,533.3 | 3,453.5 | 3,220.6 | 2,681.7 | 3,903.0 | 1,940.2 | 1,322.2 | 1,400.3 | 1,224.4 | 183.3 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 6,491.3 | 892 | 146.9 | 2,098.7 | 1,804.6 | 1,109.8 | 1,114.2 | 825.9 | 367.1 | 307.3 | 64.1 |
| Goodwill | 0 | 0 | 0 | 1,929.9 | 1,580.6 | 1,401.5 | 842.1 | 757.8 | 161.7 | 137.8 | 19.8 |
| Intangible Assets | 19.7 | 4.9 | 4.2 | 652.5 | 299.8 | 293.6 | 167.2 | 166.1 | 87.1 | 90.1 | 2.1 |
| Long-Term Investments | 847.7 | 97.1 | 102 | 132.1 | 137.0 | 15.3 | 452.8 | 525.0 | 121.5 | 24.7 | 0 |
| Other Non-Current Assets | 379.7 | 13.5 | 5,042.6 | 191.9 | 333.7 | 184.8 | 149.7 | 80.7 | 88.2 | 68.5 | 10.7 |
| Total Non-Current Assets | 7,738.4 | 1,015.3 | 5,301.6 | 5,057.5 | 4,231.1 | 3,026.8 | 2,755.7 | 2,406.2 | 863.3 | 639.2 | 97.0 |
| Total Assets | 12,449.8 | 3,548.6 | 8,755.1 | 8,278.1 | 6,912.8 | 6,929.8 | 4,695.9 | 3,728.4 | 2,263.6 | 1,863.6 | 280.3 |
| Current Liabilities | |||||||||||
| Account Payables | 1,210.1 | 21.4 | 25 | 975.0 | 735.6 | 367.2 | 346.1 | 211.7 | 159.6 | 128.2 | 17.5 |
| Short-Term Debt | 24.5 | 6.1 | 6.8 | 286.0 | 39.4 | 0 | 0 | 0 | 309.2 | 0 | 0 |
| Deferred Revenue | 0 | 16.5 | 6.9 | 209.2 | 139.7 | 89.3 | 57.1 | 40.2 | 42.7 | 34.7 | 12.8 |
| Other Current Liabilities | 293.2 | 5.2 | 3,812.8 | 330.6 | 115.4 | 44.7 | 0 | (1,673.0) | (1,909) | (1,680.0) | 18.7 |
| Total Current Liabilities | 1,527.8 | 264 | 3,870.4 | 2,521.4 | 1,489.9 | 844.7 | 750.7 | 428.2 | 617.7 | 238.8 | 61.4 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 4,103.2 | 0 | 558.6 | 401.1 | 1,151.0 | 1,119.2 | 0 | 0 | 0 | 306.2 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 129.5 | 73.5 | 40.1 | 49.8 | 31.5 | 22.6 | 16.6 | 17.0 | 1.6 |
| Other Non-Current Liabilities | 1,445.1 | 0.6 | 893.0 | 222.1 | 35.5 | 19.6 | 38.1 | 8.2 | 22.8 | 18.0 | 0.4 |
| Total Non-Current Liabilities | 6,308.8 | 30.9 | 1,590.8 | 1,217.4 | 1,762.9 | 1,406.6 | 244.4 | 211.5 | 39.4 | 341.2 | 2.0 |
| Total Liabilities | 7,836.6 | 294.9 | 5,461.2 | 3,738.8 | 3,252.9 | 2,251.3 | 995.1 | 639.7 | 657.1 | 580.0 | 63.4 |
| Stockholders' Equity | |||||||||||
| Common Stock | 8.4 | 9.2 | 9.2 | 3.8 | 3.8 | 3.7 | 4.2 | 3.8 | 4.7 | 4.6 | 32.6 |
| Retained Earnings | 3,319.7 | 3,218 | 3,859.4 | 2,331.5 | 1,763.3 | 1,959.4 | 1,970.9 | 1,604.0 | 1,179.7 | 1,105.6 | 170.0 |
| Accumulated Other Comprehensive Income | (0.1) | (22.1) | (2,367.5) | 325.6 | 217.1 | 240.9 | 78.1 | 117.7 | 32.3 | 14.6 | 4.5 |
| Total Stockholders' Equity | 4,613.2 | 3,253.7 | 3,293.7 | 4,245.7 | 3,462.1 | 4,365.9 | 3,144.2 | 2,573.9 | 1,436.2 | 1,258.9 | 216.9 |
| Total Liabilities & Equity | 12,449.8 | 3,548.6 | 8,755.1 | 8,278.1 | 6,912.8 | 6,929.8 | 4,695.9 | 3,728.4 | 2,263.6 | 1,863.6 | 280.3 |
| Debt Metrics | |||||||||||
| Total Debt | 4,888.2 | 49.7 | 584.8 | 1,392.4 | 1,887.6 | 1,457.4 | 353.3 | 274.5 | 309.2 | 306.2 | 0 |
| Net Debt | 1,210.1 | (2,399.9) | 468.7 | 276.6 | 824.5 | (322.1) | (556.6) | (715.5) | (430.5) | (154.9) | (142.8) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 101.7 | (393.5) | (341.5) | (180) | (196.5) | 313.8 | 178.5 | 636.9 | 157.5 | 110.8 |
| Depreciation & Amortization | 472.1 | 86.3 | 36.8 | 29.5 | 559.5 | 407.8 | 405.5 | 256.0 | 266.5 | 156.9 |
| Stock-Based Compensation | 83.2 | 56.6 | 31.4 | 9.6 | 279.3 | 211.4 | 159.0 | 94.3 | 72.7 | 55.9 |
| Change in Working Capital | (1,173.4) | (71.2) | (4.4) | (10) | (398.3) | (287.3) | (158.3) | (137.7) | (85.2) | 30.1 |
| Other Non-Cash Items | 901.2 | 570.3 | 1,109 | 850.4 | (50.2) | (216.5) | 101.5 | (410.9) | 25.4 | 73.4 |
| Operating Cash Flow | 384.8 | 245.6 | 829.8 | 697 | 124.6 | 438.2 | 715.8 | 406.0 | 412.2 | 413.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (4,066) | (807.7) | (83.4) | (14.6) | (598.4) | (330.0) | (331.4) | (407.6) | (214.8) | (157.2) |
| Acquisitions | 0 | 1,467.4 | 0 | 0 | (110.4) | (454.2) | (5.6) | 285.6 | (15.9) | 0 |
| Purchases of Investments | 0 | 0 | (10) | 0 | (3,684.5) | (4,904.4) | (1,468.6) | (802.2) | (1,218.5) | (1,209.8) |
| Sales/Maturities of Investments | 0 | 10 | 0 | 0 | 4,715.5 | 4,076.2 | 1,009.4 | 1,331.1 | 1,315.8 | 1,159.1 |
| Other Investing Activities | (163.3) | (358.1) | (1,118.7) | (388.5) | (27.2) | 0.3 | 3.6 | (33.4) | (1.6) | (6.1) |
| Investing Cash Flow | (4,229.3) | 311.6 | (1,212.1) | (403.1) | 294.9 | (1,612.1) | (792.6) | 373.6 | (135.0) | (214.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 4,161.7 | (0.7) | 1,044.4 | (50.0) | 24.2 | 1,103.0 | (3.9) | (306.3) | (11.6) | (88.1) |
| Stock Repurchased | 0 | 0 | 0 | 0 | (93.4) | (136.6) | (22.9) | (145.1) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 963.8 | 126.2 | (668.8) | (50.3) | (1,068.6) | (65.6) | (11.8) | (20.6) | 1.4 | (2.5) |
| Financing Cash Flow | 5,125.5 | 825.5 | 375.6 | (100.3) | (1,137.8) | 1,877.2 | (38.6) | (472.0) | (10.2) | (90.6) |
| Cash Position | ||||||||||
| Net Change in Cash | 1,271.3 | 1,359.1 | (1,029.2) | 131.8 | (711.4) | 1,021.3 | (200.5) | 369.2 | 250.1 | 52.0 |
| Cash at Beginning | 2,450.3 | 1,091.2 | 1,147.6 | 1,068.7 | 1,776.1 | 758.7 | 1,111.1 | 622.1 | 499.6 | 418.5 |
| Cash at End | 3,721.6 | 2,450.3 | 118.4 | 1,200.5 | 1,064.7 | 1,780.1 | 910.6 | 991.3 | 749.6 | 470.5 |
| Free Cash Flow | (3,681.2) | (562.1) | 746.4 | 682.4 | (473.7) | 108.2 | 384.5 | (1.6) | 197.4 | 255.8 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||
| Revenue | 529.8 | 117.5 | 20.9 | 13.5 | 4,759.1 | 2,946.5 | 2,825.7 | 1,831.9 | 1,628.9 | 1,234.2 | 831.5 | 827.2 | 40 | 28 | 21 | 13 | 274 |
| Gross Profit | 363.6 | 44.1 | (11) | (14.9) | 2,434.8 | 1,789.5 | 1,926.9 | 1,316.8 | 1,214.1 | 913.1 | 597.8 | 593.6 | 25 | 18 | 14 | 9 | 180 |
| Operating Income | (596.2) | (440.7) | (327.5) | (158) | (177.4) | 211.5 | 395.7 | 299.1 | 222.4 | 208.8 | 133.4 | 249.7 | 13 | 9 | 8 | 5 | 83 |
| Net Income | 101.7 | (641.4) | 241.3 | 745.6 | (196.0) | 333.5 | 204.5 | 659.9 | 159.4 | 110.5 | 134.6 | 277.3 | 14 | 8 | 6 | 4 | 63 |
| EPS (Diluted) | 0.11 | -2.28 | 0.65 | 1.81 | -0.54 | 0.94 | 0.63 | 2.02 | 0.42 | 0.34 | 0.42 | 0.85 | 0.04 | 0.02 | 0.02 | 0.01 | 0.19 |
| Balance Sheet | |||||||||||||||||
| Cash & Equivalents | 3,678.1 | 2,449.6 | 116.1 | 1,115.9 | 1,063.1 | 1,779.4 | 910.0 | 990.0 | 739.8 | 461.1 | 142.8 | ||||||
| Total Assets | 12,449.8 | 3,548.6 | 8,755.1 | 8,278.1 | 6,912.8 | 6,929.8 | 4,695.9 | 3,728.4 | 2,263.6 | 1,863.6 | 280.3 | ||||||
| Total Debt | 4,888.2 | 49.7 | 584.8 | 1,392.4 | 1,887.6 | 1,457.4 | 353.3 | 274.5 | 309.2 | 306.2 | 0 | ||||||
| Stockholders' Equity | 4,613.2 | 3,253.7 | 3,293.7 | 4,245.7 | 3,462.1 | 4,365.9 | 3,144.2 | 2,573.9 | 1,436.2 | 1,258.9 | 216.9 | ||||||
| Cash Flow | |||||||||||||||||
| Operating Cash Flow | 384.8 | 245.6 | 829.8 | 697 | 124.6 | 438.2 | 715.8 | 406.0 | 412.2 | 413.0 | |||||||
| Capital Expenditure | (4,066) | (807.7) | (83.4) | (14.6) | (598.4) | (330.0) | (331.4) | (407.6) | (214.8) | (157.2) | |||||||
| Free Cash Flow | (3,681.2) | (562.1) | 746.4 | 682.4 | (473.7) | 108.2 | 384.5 | (1.6) | 197.4 | 255.8 | |||||||