Professional
Added to YB: 2025-12-13
Pitch date: 2025-12-12
NBIS [neutral]
Nebius Group N.V.
Author Info
No bio for this author
Company Info
Nebius Group N.V., a technology company, engages in building full-stack infrastructure to service the global AI industry in the Netherlands, Europe, North America, and Israel.
Market Cap
$23.6B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-78.80
P/E
190.05
EV/Sales
64.25
Sector
Software
Category
growth
Crossroads Capital Portfolio Holding: Nebius Group N.V.
NBIS (holding update): $19B+ Microsoft AI infrastructure deal exceeds pre-announcement market cap. Long-term take-or-pay structure provides resilient cash flows vs usage-based demand. 1GW contracted power (2.5GW pipeline) supports ~$10B annual revenue at high margins. Microsoft deal pre-sells capacity & signals credibility to other enterprise customers. Power/land bottlenecks favor Nebius' gigawatt-scale assets. Diversified AI portfolio includes scaling subsidiaries (Avride, Clickhouse, etc). Trades at discount to earnings power despite lower execution risk.
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