Nebius Group
$242.81Change from previous close: +4.53%Absolute change: +$10.53
At a glance
- Revenue growth
- +479.02%
- 2025 vs 2024
- Net margin
- 15.6%
- 2024: -701.0%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,246 | 2,258 | 834 | -80.4 | -172 | -198 | -74.6 | -55.8 | 229 | 151 | 291 | -21.9 |
| Depreciation and amortization | 294 | 242 | 216 | 112 | 84.7 | 56.1 | 36.8 | 25.3 | 130 | 133 | 137 | 143 |
| Capital expenditure | -5,657 | -2,473 | -2,056 | -956 | -511 | -544 | -418 | -172 | -318 | -270 | -123 | -297 |
| Investing cash flow | -5,646 | -2,643 | -2,131 | -952 | -602 | -544 | -416 | 12.6 | -347 | -270 | -117 | -298 |
| Financing cash flow | 2,865 | 6,296 | 106 | 4,201 | 1,000 | -182 | 659 | -1.3 | 245 | -478 | 253 | -9.7 |
| Debt issued | 0.0 | 4,338 | 0.0 | 3,163 | 1,000 | — | — | — | 816 | 682 | 267 | 6.0 |
| Debt repaid | — | — | 0.0 | -0.8 | — | — | -0.1 | -0.2 | -656 | -455 | -13.2 | -9.6 |
| Effect of exchange rates | 5.9 | -5.1 | -11.7 | 1.6 | 0.1 | 0.3 | -6.7 | 7.3 | 16.7 | 65.1 | 34.9 | 103 |
| Net change in cash | -529 | 5,905 | -1,202 | 3,170 | 226 | -923 | 161 | -37.2 | 144 | -531 | 461 | -227 |
| Free cash flow | -3,411 | -215 | -1,222 | -1,036 | -682 | -741 | -492 | -228 | -89.2 | -119 | 167 | -319 |
| Levered free cash flow | -4,054 | -3,389 | -1,799 | -375 | -586 | -841 | -284 | -185 | 103 | 18.7 | 314 | -341 |