Nebius Group N.V.
NBIS · Services-Computer Programming, Data Processing, Etc. · EDGAR filings ↗
Reference price $246.17 — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
D50AI-cloud hypergrowth with enormous capex burn and deeply negative operating margins.
Strengths
- Explosive revenue growth — +479.0% (97th)
- Strong operating cash margin — OCF margin 72.6% (96th)
Risks
- Massive cash burn — FCF -$3.68B (5th), FCF margin -694.8%
- Deeply negative operating margin — -115.5% (17th)
- Net margin flattered by one-off gains — per 10-K
Notable findings
- Cash burnNegative free cash flow (-3681.2M)
- Insider sellingInsider selling — 33 open-market sale(s) by 8 insider(s) (cluster of 8 insiders, ~$234M, last 6mo) Form 4 ↗
Key metrics
Gross margin
68.6%
Operating margin
-115.5%
Net margin
15.6%
Return on equity
1.8%
Return on assets
0.7%
ROIC
-5.6%
Revenue growth (QoQ)
479.0%
Debt / equity
0.9×
Current ratio
3.1×
Free cash flow
-$3.7B
EBITDA
-$194M
Tangible book value
$4.6B
Cash & investments
$3.7B
Cash runway
4q
Stock comp / revenue
15.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Boynton John Wilson IV | Sell | 100 | $246.17 |
| 2026-06-15 | Boynton John Wilson IV | Sell | 200 | $248.73 |
| 2026-06-15 | Boynton John Wilson IV | Sell | 3.2K | $250.08 |
| 2026-06-15 | Boynton John Wilson IV | Sell | 200 | $251.89 |
| 2026-06-15 | Boynton John Wilson IV | Sell | 200 | $253.58 |
| 2026-06-15 | Boynton John Wilson IV | Sell | 200 | $255.03 |
| 2026-06-15 | Boynton John Wilson IV | Sell | 100 | $257.54 |
| 2026-06-15 | Boynton John Wilson IV | Sell | 606 | $259.45 |
| 2026-06-15 | Boynton John Wilson IV | Sell | 900 | $260.76 |
| 2026-06-15 | Boynton John Wilson IV | Sell | 100 | $262.09 |
| 2026-06-04 | Shtan Danila | Sell | 16K | $238.96 |
| 2026-06-02 | Boroditsky Marc | Sell | 11K | $276.20 |
| 2026-06-02 | Alonso Sanchez Maria del Dado | Sell | 1.5K | $276.20 |
| 2026-05-20 | Tal Boaz | Sell | 2.6K | $199.00 |
| 2026-05-20 | Tal Boaz | Sell | 2.0K | $200.00 |
| 2026-05-20 | Tal Boaz | Sell | 500 | $199.01 |
| 2026-05-15 | Boroditsky Marc | Sell | 4.5K | $217.55 |
| 2026-05-13 | Korolenko Andrey | Option exercise | 500K | — |
| 2026-05-13 | Korolenko Andrey | Sell | 500K | $203.24 |
| 2026-05-13 | Korolenko Andrey | Option exercise | 500K | — |
| 2026-05-13 | Korolenko Andrey | Sell | 500K | $203.24 |
| 2026-05-13 | Bunina Elena | Sell | 5.0K | $203.18 |
| 2026-05-13 | Bunina Elena | Sell | 5.9K | $210.00 |
| 2026-05-06 | Bunina Elena | Sell | 5.6K | $180.00 |
| 2026-05-06 | Bunina Elena | Sell | 5.3K | $190.00 |
| 2026-05-04 | Bunina Elena | Sell | 5.9K | $170.00 |
| 2026-04-15 | Boroditsky Marc | Sell | 4.5K | $160.10 |
| 2026-04-14 | Bunina Elena | Sell | 6.2K | $161.22 |
| 2026-04-13 | Bunina Elena | Sell | 6.7K | $150.00 |
| 2026-04-10 | Bunina Elena | Sell | 7.1K | $140.00 |
| 2026-04-06 | Korolenko Andrey | Sell | 31K | $111.20 |
| 2026-04-01 | Volozh Arkadiy | Sell | 33K | $103.73 |
| 2026-03-31 | Shtan Danila | Sell | 13K | $98.78 |
| 2026-03-31 | Korolenko Andrey | Sell | 27K | $98.78 |
| 2026-03-31 | Tal Boaz | Sell | 3.0K | $98.78 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-30 | 2025-12-31 | 0001104659-26-052948 ↗ |
| 20-F | 2025-04-30 | 2024-12-31 | 0001558370-25-005991 ↗ |
| 20-F | 2024-04-26 | 2023-12-31 | 0001558370-24-005891 ↗ |
| 20-F | 2023-04-20 | 2022-12-31 | 0001558370-23-006319 ↗ |
| 20-F | 2022-04-20 | 2021-12-31 | 0001558370-22-005654 ↗ |
| 20-F | 2021-04-01 | 2020-12-31 | 0001513845-21-000014 ↗ |
| 20-F | 2020-04-02 | 2019-12-31 | 0001558370-20-003551 ↗ |
| 20-F | 2019-04-19 | 2018-12-31 | 0001513845-19-000009 ↗ |
| 20-F | 2018-05-04 | 2018-05-04 | 0001513845-18-000019 ↗ |
| 20-F | 2018-03-27 | 2017-12-31 | 0001513845-18-000013 ↗ |
| 20-F | 2017-03-22 | 2016-12-31 | 0001513845-17-000004 ↗ |
| 20-F | 2016-03-22 | 2015-12-31 | 0001047469-16-011404 ↗ |