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NBIS · Software & cloud · Netherlands

Nebius

Rents out powerful computers for building AI over the internet.

Company Health

49
/100
Mixed
A quick check of the business from its yearly reports (2020–2023). It doesn’t say whether the stock is a good buy.
Does it make money?
8 of 25 · Poor
RUB 2 of every RUB 100 in sales was left as profit last year.
Is it growing?
25 of 25 · Good
Sales grew about 54% a year over the last 3 years.
Can it handle what it owes?
13 of 25 · Okay
It would take about 6 years of the cash its business brings in to pay off everything it owes.
Does it bring in spare cash?
3 of 25 · Poor
It spent more cash than it brought in: RUB 3 of every RUB 100 in sales.

Who owns it

1 of 23 own it · 1 bought more lately
bought lately
owns it
doesn’t own it
Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Light Street, Third Point, TCI, Pershing Square, Duquesne, Himalaya Capital, Greenlight, Giverny Capital, Fundsmith, Semper Augustus, Akre
Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Kingdom Capital, Saga Partners
From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From Nebius’ yearly reports, in Russian rubles. Tap a year to see its figures.

Sales and profit

Sales grew from RUB 128 billion in 2018 to RUB 800 billion in 2023, and it made a profit in 5 of the 6 years.
2023
Sales
RUB 800 billion
Profit
RUB 19.9 billion

Spare cash each year

It had cash to spare in 2 of the 6 years, but in 2023 it spent RUB 20.4 billion more than it brought in.
2023
Cash shortfall
RUB 20.4 billion
Spare cash is the cash its business brought in, minus what it spent on buildings and equipment.

What it owns and what it owes

At the end of 2023 it owned RUB 787 billion, including RUB 96.5 billion in cash, and owed RUB 490 billion.

Key facts

From its yearly report for 2023.
Sales
RUB 800 billion
Profit
RUB 19.9 billion
Cash shortfall
RUB 20.4 billion
Cash in the bank
RUB 96.5 billion
Everything it owes
RUB 490 billion
Year ends
December
Money shown in
Russian rubles
Latest yearly report
20-F/A, filed May 22, 2026
Figures from Nebius’ yearly reports to the SEC (EDGAR), collected Oct 12, 2026.
Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works
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