Nebius (NBIS) EV to FCF (2024 - 2026)
Nebius' (NBIS) quarterly EV to FCF came in at 7.82 in Q2 2026, down 74.69% year-over-year from 30.91 in Q2 2025, and up 118.29% quarter-over-quarter from 3.58 in Q1 2026.
Analysis
Nebius (NBIS) EV to FCF (2024 - 2026) Analysis & Trends
Nebius has disclosed EV to FCF across 3 years of filings, most recently posting 7.82 for Q2 2026.
- In Q2 2026, EV to FCF fell 74.69% year-over-year to 7.82; the TTM figure through Jun 2026 stood at 3.77 (down 58.6% YoY), while the FY2025 annual figure was 3.75, down 27.89% from the prior year.
- EV to FCF came in at 7.82 for Q2 2026 at Nebius, up from 3.58 in the prior quarter.
- In the past five years, EV to FCF ranged from a high of 30.91 in Q2 2025 to a low of 3.58 in Q1 2026.
- Average EV to FCF over 3 years is 12.57, with a median of 7.82 recorded in 2026.
- Year-over-year, EV to FCF retreated 28.59% in 2025 and slumped 74.69% in 2026.
- Over 3 years, EV to FCF stood at 8.11 in 2024, then dropped by 28.59% to 5.79 in 2025, then surged by 35.02% to 7.82 in 2026.
- Per Business Quant data, the three most recent EV to FCF figures were 7.82 in Q2 2026, 3.58 in Q1 2026, and 5.79 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,667.40 Bn | 3,534.65 Bn | 60.48 Bn |
| 2 | International Business Machines | 219.04 Bn | 207.68 Bn | 9.91 Bn |
| 3 | Nebius | 58.85 Bn | 50.80 Bn | 448.70 Mn |
| 4 | CoreWeave | 55.02 Bn | 49.48 Bn | 1.70 Bn |
| 5 | Nutanix | 17.94 Bn | 15.92 Bn | 610.79 Mn |
| 6 | DigitalOcean Holdings | 13.27 Bn | 12.51 Bn | 154.66 Mn |
| 7 | Kingsoft Cloud Holdings | 2.84 Bn | 2.15 Bn | 68.71 Mn |
| 8 | Tuya | 1.14 Bn | 160.97 Mn | 43.05 Mn |
| 9 | SharonAI Holdings | 1.08 Bn | -786.20 Mn | 1.17 Mn |
| 10 | Backblaze | 787.43 Mn | 736.05 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.82 |
| Mar 31, 2026 | 3.58 |
| Dec 31, 2025 | 5.79 |
| Sep 30, 2025 | 24.77 |
| Jun 30, 2025 | 30.91 |
| Mar 31, 2025 | 7.02 |
| Dec 31, 2024 | 8.11 |