Nebius Group N.V. NBIS NASDAQ

Nebius Group N.V. (NBIS) generated $384.8M in operating cash flow for fiscal year 2025. After capital expenditures of $4.07B, free cash flow was $-3.68B.

Free cash flow margin was -694.8% of revenue. Cash conversion ratio was 3.78x, indicating earnings are backed by cash.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (76/100, Pass) — $-3.68B (-694.8% FCF margin) supports a durable competitive advantage
• INCOME (70/100) — Cash conversion ratio was 3.78x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 65/100 with 3/7 criteria passed.