Last 47 quarters of trend data · Communication Services · Internet Content & Information
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 1679.73 | — | — | 5.65 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 76.54 | 23.25 | 48.38 | 31.59 | 22.71 | 43.12 | — | — | — | — | — | — | — |
| — | -46.1% | — | — | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 10.13 | 4.59 | 5.88 | 3.52 | 1.59 | 2.01 | — | — | — | — | — | — | — |
| — | +128.5% | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Nebius Group N.V.'s operating margin was -103.0% in Q4 2025, down 13.9 pp QoQ and up 290.9 pp YoY. The trailing four-quarter average of -133.0% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 154.8% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.6% | 69.9% | 70.6% | 71.4% | 46.7% | 27.4% | 56.4% | 72.6% | 22.5% | -46.3% | -50.0% | -25.5% | -67.8% |
| — | +154.8% | +25.4% | -1.7% | +107.5% | +159.3% | +212.7% | +384.4% | +133.2% | -187.7% | -185.9% | -143.6% | -230.7% | |
| Operating Margin | -112.5% | -103.0% | -89.1% | -105.8% | -234.2% | -393.9% | -200.9% | -792.8% | -715.6% | -1395.5% | -1552.0% | -1668.1% | -1451.9% |
| — | +73.9% | +55.6% | +86.7% | +67.3% | +71.8% | +87.1% | +52.5% | +50.7% | -37631.2% | -19241.4% | -22557.6% | -12278.3% | |
| Net Margin | 19.2% | -109.6% | -81.9% | 556.0% | -205.4% | -351.5% | -217.6% | -4588.4% | 1159.4% | -1088.1% | 1686.0% | 3751.1% | 1138.8% |
| — | +68.8% | +62.4% | +112.1% | -117.7% | +67.7% | -112.9% | -222.3% | +1.8% | -36290.2% | +5100.9% | +76500.8% | +8470.5% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.6% | -5.3% | -2.8% | 16.8% | -3.5% | -4.3% | -2.6% | -14.5% | 4.0% | -2.3% | 2.6% | 4.5% | 1.3% |
| — | -21.8% | -6.6% | +216.5% | -189.6% | -91.4% | -201.1% | -421.7% | +204.3% | -271.1% | -80.2% | +77.5% | +124.4% | |
| ROA | 1.3% | -2.2% | -1.6% | 13.7% | -3.3% | -4.1% | -2.5% | -8.5% | 1.5% | -0.9% | 1.1% | 2.2% | 0.7% |
| — | +45.5% | +38.0% | +261.3% | -316.0% | -349.4% | -323.9% | -487.4% | +117.5% | -220.4% | -85.1% | +58.5% | +125.4% | |
| ROIC | -13.4% | -3.4% | -2.5% | -3.2% | -7.0% | -15.3% | -5.0% | -2.8% | -1.7% | -1.8% | -1.4% | -1.3% | -1.2% |
| — | +77.9% | +50.2% | -15.8% | -304.3% | -749.7% | -255.4% | -107.4% | -46.3% | -250.0% | -159.2% | -153.2% | +56.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 67.9% YoY to 3.08x, tightening the short-term liquidity position. Debt/Equity has risen for 7 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.06 | 1.06 | 0.95 | 0.32 | 0.06 | 0.02 | 0.01 | 0.00 | 0.00 | 0.18 | 0.58 | 0.51 | 0.37 |
| — | +6836.9% | +9718.4% | +13542.2% | +1576.2% | -91.4% | -98.3% | -99.5% | -99.0% | -42.1% | +87.2% | +45.3% | -40.9% | |
| Debt / EBITDA | — | — | — | — | — | — | 5.59 | — | 1.01 | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 3.08 | 3.08 | 6.57 | 14.70 | 18.00 | 9.60 | 22.24 | 51.77 | 0.86 | 0.89 | 0.89 | 0.92 | 1.23 |
| — | -67.9% | -70.5% | -71.6% | +1991.9% | +975.4% | +2390.0% | +5516.7% | -29.9% | -30.1% | -33.2% | -26.8% | +47.0% | |
| Quick Ratio | 3.08 | 3.08 | 6.57 | 14.70 | 18.00 | 9.60 | 22.24 | 51.77 | 0.86 | 0.83 | 0.82 | 0.83 | 1.10 |
| — | -67.9% | -70.5% | -71.6% | +1991.9% | +1055.9% | +2622.2% | +6132.3% | -22.0% | -26.3% | -33.3% | -27.0% | +42.8% | |
| Interest Coverage | — | — | -8.86 | -22.24 | — | — | — | — | -1.09 | -2.21 | -1.94 | -3.24 | -4.65 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Nebius Group N.V.'s current P/E is 1679.7x. The average P/E over the last 1 quarters is 5.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Nebius Group N.V.'s current operating margin is -112.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Nebius Group N.V.'s business trajectory between earnings reports.