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Nebius Group N.V. is a technology company specializing in infrastructure and services for artificial intelligence developers worldwide. Based in Amsterdam, Netherlands, it focuses on providing full-stack AI-centric cloud platforms that combine large-scale GPU clusters, high-performance compute, storage, and networking resources. Nebius Group N.V. supports organizations building and deploying advanced AI models by offering scalable cloud services, managed infrastructure, and developer tools tailored to intensive machine learning and data workloads. The company operates data centers and servers designed to handle complex AI training and inference tasks, serving clients across sectors such as technology, internet services, and data-intensive enterprises. With research and development hubs and offices across Europe, North America, and Israel, Nebius Group N.V. plays a notable role in the communication services sector, particularly within internet content and information, by enabling the computational backbone required for modern AI applications and platforms.
$177.71
+$5.94 (+3.46%)
EOD Jul 17, 2026
The business is unprofitable at the operating level (-115.46% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 350.9% YoY with margins expanding 259.6pp.
At 58x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Negative free cash flow of -$3.68B. The business is consuming cash, not generating it.
58.1x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$874M
▲ +350.9% YoY
Net Income (TTM)
$817M
▲ +112.9% YoY
Op. Margin
-69.86%
▲ +259.6pp YoY
ROIC
-6.75%
▲ +1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$3.15B
▼ -554.9% YoY
Op. Cash Flow (TTM)
$4.26B
▲ +425.4% YoY
Net Debt
$1.29B
Cash & Equiv.
$3.68B
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At a P/E of 58.1, Nebius Group (NBIS)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Nebius Group scores 34/100 on Intrinsiqq's quality scorecard, weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Nebius Group scores 34 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -69.9% operating margin and a -6.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh NBIS's valuation and scores 34/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.