Nebius

NBIS · Nasdaq

Services-Computer Programming, Data Processing, Etc. · Reports in RUB

Nebius reported revenue of RUB 800B in the fiscal year ended Dec 2023, up 53.4% from the year before. Operating income was RUB 28.5B, an operating margin of 3.6%, and net income was RUB 19.9B. Operating cash flow of RUB 70.3B less capital expenditure of RUB 90.6B left free cash flow of −RUB 20.4B. Net debt was RUB 45B.

Last 5 fiscal years

Revenue and net income

RevenueNet income

Income statement

Fiscal year	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Revenue	RUB 175B	RUB 218B	RUB 356B	RUB 522B	RUB 800B
Cost of revenue	RUB 55.8B	RUB 85.7B	RUB 174B	RUB 233B	RUB 360B
Gross profit	RUB 120B	RUB 133B	RUB 182B	RUB 288B	RUB 440B
Research & development	RUB 29.2B	RUB 36.3B	RUB 48.5B	RUB 72.3B	RUB 103B
Selling, general & admin	RUB 50.3B	RUB 62.9B	RUB 123B	RUB 172B	RUB 268B
Operating income	RUB 24.6B	RUB 15.7B	−RUB 13.3B	RUB 13.2B	RUB 28.5B
Interest expense	RUB 74M	RUB 2.4B	RUB 3.7B	RUB 3.4B	RUB 10.9B
Pre-tax income	RUB 22.7B	RUB 36.5B	−RUB 7.2B	RUB 70.3B	RUB 43.1B
Income tax	RUB 11.7B	RUB 13.2B	RUB 7.4B	RUB 22.7B	RUB 21.4B
Net income	RUB 11.1B	RUB 24.7B	−RUB 14.7B	RUB 39.5B	RUB 19.9B
Diluted EPS	37.81	69.77	−40.48	82.53	53.26
Diluted shares	335M	353M	362M	368M	371M

Balance sheet

Fiscal year	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Cash & equivalents	RUB 56.4B	RUB 132B	RUB 79.3B	RUB 83.1B	RUB 96.5B
Receivables	RUB 17.8B	RUB 25.4B	RUB 43.6B	RUB 58B	RUB 85.4B
Inventory	RUB 808M	RUB 4.8B	RUB 9.6B	RUB 28.2B	RUB 21.3B
Current assets	RUB 120B	RUB 290B	RUB 200B	RUB 240B	RUB 311B
Net PP&E	RUB 47.9B	–	–	–	–
Goodwill	RUB 52.2B	RUB 104B	RUB 118B	RUB 144B	RUB 143B
Total assets	RUB 291B	RUB 516B	RUB 515B	RUB 617B	RUB 787B
Deferred revenue	RUB 3.5B	RUB 6.6B	RUB 10.4B	RUB 15.6B	RUB 22.8B
Current liabilities	RUB 46.5B	RUB 62.9B	RUB 111B	RUB 188B	RUB 348B
Short-term debt	–	–	RUB 2.9B	RUB 21.3B	RUB 92B
Long-term debt	–	–	RUB 85.8B	RUB 29.9B	RUB 49.4B
Total liabilities	RUB 61.7B	RUB 168B	RUB 243B	RUB 279B	RUB 490B
Shareholders' equity	RUB 195B	RUB 325B	RUB 258B	RUB 316B	RUB 296B

Cash flow

Fiscal year	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Operating cash flow	RUB 44.4B	RUB 32.6B	RUB 9.3B	RUB 41.7B	RUB 70.3B
Capital expenditure	RUB 20.5B	RUB 24.6B	RUB 44.6B	RUB 50.5B	RUB 90.6B
Free cash flow	RUB 23.8B	RUB 8.1B	−RUB 35.3B	−RUB 8.9B	−RUB 20.4B
Depreciation & amortisation	RUB 14.8B	RUB 17.7B	RUB 24.1B	RUB 30.9B	RUB 40B
Stock-based compensation	RUB 9.9B	RUB 15.7B	RUB 20.8B	RUB 7B	RUB 8.7B
Acquisitions	RUB 347M	RUB 33.8B	RUB 8.2B	RUB 820M	–
Share buybacks	RUB 1.4B	RUB 10.2B	RUB 7B	–	–

Key ratios

Fiscal year	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Revenue growth (YoY)	–	24.5%	63.1%	46.5%	53.4%
Operating income growth (YoY)	–	−36.2%	−184.7%	–	115.0%
EPS growth (YoY)	–	84.5%	−158.0%	–	−35.5%
Gross margin	68.2%	60.7%	51.2%	55.3%	55.0%
Operating margin	14.0%	7.2%	−3.7%	2.5%	3.6%
Net margin	6.3%	11.3%	−4.1%	7.6%	2.5%
Return on equityBlank when equity is negative	5.7%	7.6%	−5.7%	12.5%	6.7%
ROCEEBIT ÷ (assets − current liabilities)	10.0%	3.5%	−3.3%	3.1%	6.5%
Free cash flow margin	13.6%	3.7%	−9.9%	−1.7%	−2.5%
Cash conversion (CFO ÷ net income)	4.01x	1.32x	−0.63x	1.06x	3.54x
Receivable days	37	43	45	41	39
Inventory days	5	20	20	44	22
Interest cover	332x	6.60x	−3.58x	3.90x	2.62x
Debt ÷ equity	–	–	0.34x	0.16x	0.48x
Net debtDebt − cash & equivalents; excludes investments; negative = net cash	–	–	RUB 9.5B	−RUB 31.9B	RUB 45B
Current ratio	2.58x	4.62x	1.80x	1.28x	0.89x

Recent filings

20-F2026-04-30 ↗

More in Services-Computer Programming, Data Processing, Etc.

Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.