Nebius
Builds full-stack AI cloud infrastructure alongside autonomy and technology-career reskilling businesses.
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Profile
Sells full-stack AI cloud infrastructure for training, tuning, runtime, and deployment, alongside Avride autonomous-driving technology and TripleTen career reskilling. The group operates from Amsterdam across Europe, the United States, and Israel, while large infrastructure builds depend on hardware, power, customers, and capital.
Builds full-stack AI cloud infrastructure spanning GPU clusters, cloud services, developer tools, model training, tuning, runtime, and deployment. The core Nebius segment is joined by Avride's autonomous-driving systems and TripleTen's technology-career reskilling business.
Operates from Amsterdam with activities across Europe, the United States, and Israel. An engineering-heavy workforce and retained experience in data centers, hardware, cloud software, machine learning, and large-scale systems support the platform's buildout.
Depends on securing customers, hardware, power, and capital while executing large data-center projects and integrating acquisitions. ClickHouse is a minority investment, while Toloka is a non-controlling equity-method holding rather than a controlled business.
Company facts
Key statistics
Year to date +133% · Average volume (30d) 24.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 25, 2026 | Goldman Sachs | Reiterate | Buy | $68 | $328 | |
| Aug 13, 2026 | Robert W. Baird | Target | $250 | $340 | ||
| Aug 7, 2026 | DA Davidson | Reiterate | Neutral | $250 | $175 | |
| Aug 3, 2026 | Piper Sandler | Initiate | Neutral | $224 | ||
| Jul 21, 2026 | Robert W. Baird | Target | $250 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$0.72 | −$0.12 | +83.3% | $569.9M | $582.3M | +2.2% | +34.14% |
| May 13, 2026Q1 FY26 | −$0.77 | −$0.23 | +70.0% | $375.1M | $399.0M | +6.4% | +6.70% |
| Feb 12, 2026Q4 FY25 | −$0.58 | −$0.99 | −70.7% | $246.0M | $227.7M | −7.5% | +9.23% |
| Nov 11, 2025Q3 FY25 | −$0.56 | −$0.39 | +29.9% | $157.9M | $146.1M | −7.5% | −7.69% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $55.3M | $105.1M | $146.1M | $227.7M | $399.0M | $582.3M | |
| Gross profit | $25.8M | $75.0M | $103.2M | $159.2M | $83.2M | $448.7M | |
| Operating income | −$129.5M | −$111.2M | −$130.2M | −$234.5M | −$128.0M | −$175.9M | |
| Net income | −$113.6M | $584.4M | −$119.6M | −$249.6M | $621.2M | −$190.4M | |
| Diluted EPS | −$0.48 | $2.45 | −$0.47 | −$0.99 | $2.01 | −$0.68 | |
| Gross margin | 46.7% | 71.4% | 70.6% | 69.9% | 20.9% | 77.1% | |
| Operating margin | -234.2% | -105.8% | -89.1% | -103.0% | -32.1% | -30.2% |
Fiscal years (4-quarter sums)FY21 $4.81B · FY22 $7.91B · FY23 $21.5M · FY24 $104.6M · FY25 $534.2M
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $8.04B · Total debt $10.06B · Total assets $27.96B · Shareholders' equity $10.34B
Dividends
No dividends on record.
Ownership
Shares outstanding 240.00M · Float 202.06M · 84.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| NVIDIA Corporation | 22.26M | 9.30% | 13G | Jul 20, 2026 |
| The Goldman Sachs Group, Inc. | 15.90M | 7.20% | 13G | Aug 7, 2026 |
| Orbis Investment Management Ltd | 15.70M | 7.90% | 13G | Feb 14, 2025 |
| BlackRock, Inc. | 11.53M | 4.80% | 13F | Aug 7, 2026 |
| Invesco Ltd. | 6.94M | 2.89% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Charles E. Ryan | director | −50,000 | $265.53 |
| Aug 14, 2026 | John Wilson IV Boynton | director | −5,296 | $270.99 |
| Jun 15, 2026 | John Wilson IV Boynton | director | −5,812 | $253.29 |
| Jul 15, 2026 | John Wilson IV Boynton | director | −6,958 | $197.00 |
| Jul 1, 2026 | Andrey Korolenko | officer: Chief Infrastructure Officer | −33,871 | $235.45 |
Peers
- CoreWeave
Purpose-built GPU cloud rival across training, orchestration, and inference
- Amazon
Hyperscale rival in accelerated compute, AI training, and inference
- Microsoft
Enterprise AI cloud rival spanning GPU clusters and model deployment
- Alphabet Class A
AI infrastructure rival combining GPUs, TPUs, GKE, and model services
- Oracle
Large-scale GPU cloud rival in bare metal, clusters, and inference
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nebius | $208.64 | −0.26% | $50.20B | — | — | 37.0 | +454.0% |
| CoreWeave | $84.03 | −0.27% | $45.95B | — | — | 6.1 | +112.3% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Oracle | $150.95 | +0.17% | $434.14B | 25.9 | 18.7 | 6.4 | +20.6% |
| Median | 23.6 | 26.0 | 6.4 | +20.6% |