Nebius Group N.V. (NBIS)

Nasdaq: NBIS · Services-Computer Programming, Data Processing, Etc. · Schiphol, NL · filing with the SEC since 2011

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Grade6.3

◀ Past 6.2● Present 5.9▶ Future 6.7

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Nebius Group N.V.

Nine metrics read from its own filings, by tense

Headline grade

6.3/10

◀ Past6.225% of the headline

● Present5.935% of the headline

▶ Future6.740% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.2/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

7.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 22% of this tense · 70th percentile among 79 sector filers · read for itself

From the record

Nebius Group N.V.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

3.2/10

What has it actually done, year after year?

-9.1% a year over 10 filed years; profitable in 8 of 10.

weight 45% of this tense · 32nd percentile among 70 sector filers · read for its customers

From the record

Nebius Group N.V.'s 10 filed years say what it did: revenue went from $1.3 billion in fiscal 2016 to $530 million in fiscal 2025, down 9.1% a year; it rose in 7 of 9 years; the deepest fall was 100% from fiscal 2021 to fiscal 2023; net income was positive in 8 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span-9.1%bottom 11% of its family
the share of years revenue rosebottom 42% of its family
the share of filed years with a profittop 25% of its family
the deepest fall from a revenue peak99.8%bottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

9.8/10

How has it treated the people who own it?

SI estimate 9.8/10, confidence 35 of 100 (one part).

weight 33% of this tense · 98th percentile among 72 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the top 2% of 72 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 72 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Nebius Group N.V.'s shareholder treatment is put at 9.8 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 2% of 72 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.9/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

5.0/10

Is it financially healthy right now?

ROE 2%: 2¢ of profit per shareholder dollar. Leverage 63%: owes 63¢ per asset dollar.

weight 45% of this tense · 50th percentile among 74 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Nebius Group N.V. earned about 2 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 3 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 63 cents per dollar of assets, and net share issuance: its share count shrank 11.9% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 37% of its family
return on equitytop 42% of its family
gross profit against assetsbottom 10% of its family
the share count against the year beforetop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

7.8/10

How strong is its position in its industry?

top 22% of 73 in its family; net margin 15.6%.

weight 33% of this tense · 78th percentile among 73 sector filers · read for its customers

From the record

Nebius Group N.V.'s standing among 73 graded names in its industry family: revenue of $530 million in fiscal 2025 ranks in the top 43% by size; a net margin of 15.6% ranks in the top 21%; revenue growth of 239.7% a year over the last 3 filed years ranks in the top 2% (its annual reports).

What it rests on

revenue against the family$530Mtop 43% of its family
net margin15.6%top 21% of its family
three-year revenue growth239.7%top 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 42 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 42 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 42 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Nebius Group N.V.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 42 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.7/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed

4.7/10

How much room does it have to grow?

bottom 47% of 71 in its family for room to expand.

weight 22% of this tense · 47th percentile among 71 sector filers · read for itself

From the record

Nebius Group N.V.'s room to grow, from the newest filed statements (fiscal 2025): cash of $3.7 billion against debt of $4.1 billion leaves -3.4% of its assets as net cash, bottom 34% of its family; cash from operations less capital spending is -691.6% of revenue (bottom 3%); a gross margin of 68.6% (top 34%); research spending of 33.5% of revenue (top 13%) (its annual report).

What it rests on

cash less debt against assets-3.4%bottom 34% of its family
cash from operations less capital spending against revenue-691.6%bottom 3% of its family
gross margin68.6%top 34% of its family
research spending against revenue33.5%top 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

9.8/10

What could actually drive growth from here?

top 2% of 70 in its family for growth drivers.

weight 45% of this tense · 98th percentile among 70 sector filers · read for its customers

From the record

Nebius Group N.V.'s growth drivers, from the filed years to fiscal 2025: revenue grew 239.7% a year over the last three filed years against -9.1% over all 10, speeding up (top 1% of its family); the newest year grew 479.7% (top 4%); research spending grew 44.9% a year (top 4%); capital spending grew 552.8% a year (top 1%) (its annual reports). Nebius Group N.V. reported 4 lines of business in fiscal 2024: Nebius at $68 million, Triple Ten at $29 million, Toloka at $26 million, and 1 more. 4 of 4 grew in the latest filed year, and the largest line is 55% of revenue (its annual report).

What it rests on

three-year growth against the whole span+248.8 points a yeartop 1% of its family
the newest year's revenue growth479.7%top 4% of its family
three-year growth of research spending44.9%top 4% of its family
three-year growth of capital spending552.8%top 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

4.0/10

Did its newest year beat what its own record pointed to?

bottom 40% of 65 in its family for expectations against reality.

weight 33% of this tense · 40th percentile among 65 sector filers · read for its shareholders

From the record

Nebius Group N.V.'s newest year against its own record: revenue of $530 million in fiscal 2025 came in 122.6% above the $238 million its prior three years' pace pointed to (top 2% of its family); net income of $83 million against a prior three-year average of $165 million (bottom 19%); a net margin of 15.6% against more than its whole revenue before (bottom 2%) (its annual reports).

What it rests on

revenue against the prior three years' pace122.6%top 2% of its family
net income against the prior three years' average-50%bottom 19% of its family
net margin against its prior averagedown more than 100 pointsbottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NBIS · research, not advice