Added to YB: 2026-08-21
Pitch date: 2026-08-19
NBIS [bullish]
Nebius Group N.V.
-1.3%
current return
Author Info
Lorenzo's 2 cents shares analyses of tech companies. Sign up for the newsletter.
Company Info
Nebius Group N.V., a technology company, engages in building full-stack infrastructure to service the global AI industry in the United States, the United Kingdom, and internationally.
Market Cap
$61.4B
Pitch Price
$223.00
Price Target
1.9K (+760%)
Dividend
N/A
EV/EBITDA
142.11
P/E
1.4K
EV/Sales
46.88
Sector
Software
Category
growth
NBIS valuation - What Q2 Changed
NBIS (holding update): Q2 rev $582M (+454% YoY), ARR $3B (+56% QoQ), AI cloud EBITDA margin 50% (group 41%). Rev/MW repriced from $12M to $20M+, payback cut to 1yr10mo. 4 deals >$1B TCV, $40B commitments. But 3-way dilution (15-20% more shares) + multiple compression on 25x rev. Base: ARR $11B, +29% 1yr, 3:1 skew. Better biz, worse entry; long, accumulating on dips.
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