Nebius Group N.V. (NBIS) stock — is it a good business?

Nebius Group N.V. (NBIS) stock — is it a good business? — InspectStocks

How it makes money

Nebius AI cloud computing, software and related services90%
TripleTen technology education10%
Avride self-driving vehicles and delivery robots0%

Shares of revenue are estimates for year ended December 31, 2025, not figures from a filing.

Competes with

What it sells6

GPU computing
Rentable computing capacity, from individual servers to large connected groups of servers, for training and running AI models.
Nebius storage
Online storage for customers’ data, including storage for individual files, shared files and large collections of stored data.
Nebius Token Factory
A managed service for running and adjusting AI models, priced according to the amount of text the models process or generate.

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Nebius machine-learning tools
Software for preparing data, scheduling AI jobs, and developing and deploying models, including managed versions of tools such as MLflow and JupyterLab.
Avride autonomous vehicles and delivery robots
Self-driving cars for ride services and sidewalk robots for food, grocery and other deliveries.
TripleTen career programs
Courses that train people for technology careers, including in data analytics, cybersecurity, software engineering and AI.

Who buys it6

Companies that rent computing capacity to develop AI models or use AI inside their products and operations.
Software companies that use Nebius computing capacity and services to build or run AI features in their products.
AI-focused companies, research labs and independent developers that rent computing capacity for training, adjusting or running models.

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Large cloud and technology companies, including Microsoft and Meta, which have signed multi-year contracts for computing capacity.
Businesses and users reached through Avride’s delivery and ride-service partners, including Uber and Grubhub.
Individuals taking TripleTen career courses, as well as companies buying technology training for their employees.

What it stands on, and what could break it

What the business leans on

1Nebius relies on a limited number of suppliers for advanced computing hardware, including NVIDIA chips and equipment from server manufacturers.
2Its cloud service depends on access to large amounts of reliable electricity, data-center sites, network connections and, for some capacity, third-party data-center operators.
3The group’s growth depends on customers using the computing capacity it builds and on its ability to sign and deliver customer contracts.

What could go wrong

1If customers do not use the computing capacity Nebius builds, or reduce or delay AI spending, the company may not earn enough from its data-center investments.
2Shortages, delivery delays or higher prices for advanced chips and other specialized hardware could limit the computing capacity Nebius can bring online.
3Difficulty securing suitable sites, sufficient electricity or reliable third-party data-center services could slow expansion or interrupt service.

Full financial statements →

About Nebius Group N.V.

Nebius’s main business rents computing power built around graphics processing units (GPUs), along with storage and software used to prepare data, train artificial-intelligence (AI) models, and run them for customers. Its tools also help customers manage machine-learning (ML) work and use AI models without managing the underlying computers themselves. The group also develops self-driving vehicles and delivery robots through Avride, and sells technology career courses through TripleTen.

Head office: Amsterdam, Netherlands
Employees: approximately 1,500 (December 31, 2025, high)
Listed on: Nasdaq Global Select Market
Financial year ends: December 31

Built from Nebius Group N.V.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Keep exploring

The themes Nebius is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The themes it is part of

Highest-graded in Internet Content and Information

Graded A or B and worth $2B or more: A first, then the largest.

Grade rose recently in Communication Services

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

How it makes money

Nebius AI cloud computing, software and related services90%
TripleTen technology education10%
Avride self-driving vehicles and delivery robots0%

Shares of revenue are estimates for year ended December 31, 2025, not figures from a filing.

Competes with

What it sells6

GPU computing
Rentable computing capacity, from individual servers to large connected groups of servers, for training and running AI models.
Nebius storage
Online storage for customers’ data, including storage for individual files, shared files and large collections of stored data.
Nebius Token Factory
A managed service for running and adjusting AI models, priced according to the amount of text the models process or generate.

Show 3 more

Nebius machine-learning tools
Software for preparing data, scheduling AI jobs, and developing and deploying models, including managed versions of tools such as MLflow and JupyterLab.
Avride autonomous vehicles and delivery robots
Self-driving cars for ride services and sidewalk robots for food, grocery and other deliveries.
TripleTen career programs
Courses that train people for technology careers, including in data analytics, cybersecurity, software engineering and AI.

Who buys it6

Companies that rent computing capacity to develop AI models or use AI inside their products and operations.
Software companies that use Nebius computing capacity and services to build or run AI features in their products.
AI-focused companies, research labs and independent developers that rent computing capacity for training, adjusting or running models.

Show 3 more

Large cloud and technology companies, including Microsoft and Meta, which have signed multi-year contracts for computing capacity.
Businesses and users reached through Avride’s delivery and ride-service partners, including Uber and Grubhub.
Individuals taking TripleTen career courses, as well as companies buying technology training for their employees.

What it stands on, and what could break it

What the business leans on

1Nebius relies on a limited number of suppliers for advanced computing hardware, including NVIDIA chips and equipment from server manufacturers.
2Its cloud service depends on access to large amounts of reliable electricity, data-center sites, network connections and, for some capacity, third-party data-center operators.
3The group’s growth depends on customers using the computing capacity it builds and on its ability to sign and deliver customer contracts.

What could go wrong

1If customers do not use the computing capacity Nebius builds, or reduce or delay AI spending, the company may not earn enough from its data-center investments.
2Shortages, delivery delays or higher prices for advanced chips and other specialized hardware could limit the computing capacity Nebius can bring online.
3Difficulty securing suitable sites, sufficient electricity or reliable third-party data-center services could slow expansion or interrupt service.

Full financial statements →

About Nebius Group N.V.

Head office: Amsterdam, Netherlands
Employees: approximately 1,500 (December 31, 2025, high)
Listed on: Nasdaq Global Select Market
Financial year ends: December 31

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Nebius Group N.V.

Keep exploring

The themes it is part of

Highest-graded in Internet Content and Information

Grade rose recently in Communication Services

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Nebius Group N.V.

Nebius Group N.V.

Keep exploring

The themes it is part of

Highest-graded in Internet Content and Information

Grade rose recently in Communication Services

Neoclouds & AI hosts

Cloud platforms

Growth & cash — 2 of 5

Business trend

Share price and grade over time

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Nebius Group N.V.

Keep exploring

The themes it is part of

Highest-graded in Internet Content and Information

Grade rose recently in Communication Services

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Nebius Group N.V.

Nebius Group N.V.

Past performance

Keep exploring

The themes it is part of

Highest-graded in Internet Content and Information

Grade rose recently in Communication Services

Neoclouds & AI hosts

Cloud platforms

Growth & cash — 2 of 5

Business trend

Share price and grade over time