NBIS — Nebius Group Stock Fact Sheet
Last updated: May 21, 2026 · ← Back to Stock Fact Sheets
NASDAQ: NBIS
Nebius Group N.V.
AI cloud infrastructure · Amsterdam, NL · Re-listed Oct 2024Q1 revenue
$399MRevenue growth
+684% YoYAI cloud revenue
$389.7MAI cloud growth
+841% YoYAdj. EBITDA
$129.5MAdj. net loss
-$100.3MFY26 capex plan
$16B–$20BContracted power
4 GW+ (2026)Revenue (quarterly)
FY26 revenue guidance
Company snapshot
| HQ | Amsterdam, Netherlands |
| Re-listed | Oct 2024 (ex-Yandex) |
| 12-mo. return | +392% |
| FY26 rev. guide | $3.0B – $3.4B |
| ARR target (YE26) | $7B – $9B |
| Adj. EBITDA goal | ~40% |
| Employees | ~1,540 |
Key partners & subsidiaries
| NVIDIA stake | $2B for 8.3% |
| Meta contract | $27B |
| Microsoft contract | $19.4B |
| Bloom Energy deal | $2.6B / 10-yr |
| Backlog (Meta+MSFT) | ~$50B |
| Avride | Autonomous driving |
| TripleTen | EdTech subsidiary |
| Eigen AI acq. | $643M |
Analyst price targets
Citi
$287
Buy
DA Davidson
$250
Neutral
Northland
$248
Outperform
Bank of America
$205
Buy
Morgan Stanley
$144
Equal Weight
Street avg.
$204
Consensus Buy
↗ Bull case
- 684% revenue growth — fastest in neocloud
- NVIDIA $2B stake + 8.3% ownership
- ~$50B backlog (Meta $27B + MSFT $19.4B)
- $2.6B Bloom Energy power deal
- ARR target $7B–$9B by YE 2026
- Adj. EBITDA turned positive
- 9 new data centers + 4 GW power by YE
↘ Bear case
- Adj. net loss still -$100.3M
- $16B–$20B capex = massive burn
- $4.34B convertible notes outstanding
- FCF burn -$3.6B trailing 12 months
- Google-Blackstone $5B JV = new competition
- Stock up 392% — prices in perfection
- DA Davidson downgraded to Neutral
For informational purposes only. Not investment advice. Financials as of May 21, 2026. Price data not shown — check live quote for current price.
Nebius Group (NBIS) — Company Overview
Nebius Group N.V. (NASDAQ: NBIS) is an Amsterdam-headquartered AI cloud infrastructure company that builds full-stack GPU infrastructure, cloud platforms, and developer tools for AI workloads. A spinout of Yandex — Russia’s largest search engine — Nebius was restructured and re-listed on Nasdaq in October 2024 after divesting its Russian operations. NVIDIA CEO Jensen Huang has described Nebius as one of the most important AI infrastructure companies in the world, backing that with a $2 billion investment for an 8.3% stake in March 2026.
Q1 2026 Earnings Summary
Nebius reported Q1 2026 revenue of $399 million — a 684% increase year-over-year and a 75% sequential jump. AI cloud revenue reached $389.7 million, up 841% year-over-year. Adjusted EPS came in at -$0.33, beating the -$0.73 consensus by nearly 55%. Adjusted EBITDA turned positive at $129.5 million. For the full earnings breakdown: Nebius Just Posted 684% Revenue Growth — Here’s Everything Behind the NBIS Surge.
The NVIDIA Backstory
In March 2026, NVIDIA invested $2 billion for an 8.3% equity stake in Nebius — giving Nebius preferential access to the latest GPU generations and a powerful institutional endorsement. See our May 14 market recap for how this drove the post-earnings surge.
The Bloom Energy Power Deal
On May 21, 2026, Nebius announced a $2.6 billion, 10-year agreement with Bloom Energy to deploy solid oxide fuel cell power systems across its data center footprint. The first 328 MW project is expected operational this year. This solves the single biggest bottleneck in AI data center expansion — grid power availability — by enabling on-site behind-the-meter power independent of utility timelines.
Revenue Visibility: The $50B Backlog
Meta Platforms committed $27 billion and Microsoft committed $19.4 billion, creating a ~$50 billion combined backlog. Management targets $7–$9 billion ARR by year-end 2026 and ~40% adjusted EBITDA margin as nine new data centers come online. See our earlier NBIS investor fact sheet for the company’s earlier growth trajectory.
Subsidiaries Beyond AI Cloud
Nebius owns Avride (autonomous vehicles), TripleTen (edtech), and holds stakes in Toloka (data labeling) and ClickHouse (open-source database). It also acquired Eigen AI for $643 million. These subsidiaries are currently loss-making but represent long-term growth optionality beyond GPU rental.
Related Coverage on FactSheets.com
- Nebius Just Posted 684% Revenue Growth — Here’s Everything Behind the NBIS Surge
- Market Recap May 14 — AAOI, NBIS, AAPL, NVDA
- Trending Stocks Today: ORCL, NBIS, NVDA, and CRWV
- NVIDIA Q1 FY2027 Earnings: $81.6B Revenue, $91B Q2 Guide
- CRWV — CoreWeave Stock Fact Sheet
This fact sheet is for informational purposes only and does not constitute investment advice. Data as of May 21, 2026.
