Nebius is executing a high-stakes transformation into a capital-intensive AI cloud infrastructure provider, evidenced by 350.9% year-over-year revenue growth in Q2 2026 and a PPE base that has ballooned to $14.9B. However, this growth is fueled by a massive de...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has accelerated to 350.9% year-over-year in Q2 2026, but operating losses have widened to -$175.9M as SG&A and R&D expenses of $364.9M consume 62.7% of revenue, indicating a period of heavy investment with no near-term operating leverage.
The company's focus on AI infrastructure and long-term scalability driven by GPU deployment plans is a key bullish driver.
The stock is seen as undervalued relative to its projected annual recurring revenue (ARR), presenting a growth opportunity.
Adjacent businesses like ClickHouse contribute hidden value, enhancing the overall investment case for Nebius Group.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 12, 2026 | -$0.12+83.3% vs -$0.72 | $582M+2.2% vs $570M |
Q2 2026 May 13, 2026 | -$0.23+70.0% vs -$0.77 | $399M+6.4% vs $375M |
Q1 2026 Feb 12, 2026 | -$0.99-70.7% vs -$0.58 | $228M-7.5% vs $246M |
Q4 2025 Nov 11, 2025 | -$0.39+29.9% vs -$0.56 | $146M-7.5% vs $158M |
Nebius' growth rate should continue to be rapid for several years. The company is unprofitable and will likely stay that way for a while.
It's time for me to upgrade Nebius back to a Buy. The new pivotal partnership with Palantir promises to accelerate commercial AI infrastructure growth. It has lent more credibility toward NBIS's targeted 5 GW data center compute capacity, with street estimates pointing to a $40 billion revenue opportunity by 2029. The Palantir collaboration positions Nebius as its preferred enterprise sovereign AI infrastructure provider, enhancing credibility and distribution beyond its traditional developer base.
NEW YORK, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Market News Updates News Commentary - If looking for one of the biggest technology growth stories taking shape right now, AI infrastructure deserves a serious look. The AI boom isn't just about the companies building the next chatbot or AI model.
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Benchmark NBIS against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Nebius Group N.V. (NBIS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $232.75 | $55.86B | 2115.91 | 350.89% | 19.2% | 2.59% | — | |
| $290.07 | $5.81B | 47.32 | 60.4% | 67.88% | 20.06% | — | |
| $0.19 | $18.07M | -0.05 | -4.27% | -71.03% | -90.63% | — | |
| $205.42 | $258.66B | 74.70 | 28.6% | 38.37% | 30.78% | — | |
| $250.86 | $96.58B | 73.57 | 27.69% | 15.09% | 42.11% | — | |
| $258.45 | $2.78T | 36.05 | 12.38% | 17.44% | 30.5% | — |
Nebius Group N.V. (NBIS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Nebius Group N.V. (NBIS) stock FAQ — growth, dividends, profitability & financials explained
Nebius Group N.V. (NBIS) reported $1.36B in revenue for fiscal year 2025. This represents a 395% increase from $274.0M in 2009.
Nebius Group N.V. (NBIS) grew revenue by 350.9% over the past year. This is strong growth.
Yes, Nebius Group N.V. (NBIS) is profitable, generating $61.6M in net income for fiscal year 2025 (19.2% net margin).
Nebius Group N.V. (NBIS) has a return on equity (ROE) of 2.6%. This is below average, suggesting room for improvement.
Nebius Group N.V. (NBIS) had negative free cash flow of $5.88B in fiscal year 2025, likely due to heavy capital investments.
