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TickerNBIS
SectorInternet Content & Information
Mkt cap$42.5B
EV / EBITDAN/A
PostureActive Acquirer
Composite41/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1513845

Nebius Group N.v.

NBISACTIVE ACQUIRERQUIET

Nebius Group N.v. reads as an Active Acquirer (composite 41/100); Consistent Strategic Buyer deploying $1B across 1 disclosed transactions, running flat vs the prior cycle · primary market Marketing & Data.

Lens

Disclosed M&A capital (2023–2025)

$1.2B

+16%

vs $1B in 2020–2022

Disclosed transactions

1

new

2/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

41

/100

Active Acquirer dominates · Quiet

Financial snapshot
Revenue$534M
EBITDAN/A
Enterprise value$43.7B
EV / Revenue81.8×
EV / EBITDAN/A
P/EN/A
Cash$3.7B
Total debt$4.1B
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

Dominant
41/100

Companies actively deploying disclosed capital into M&A

  • $2.2B disclosed buyer spend
  • Filed within 26d

Buyer Cadence

11/100

Buyer-side companies with recent filing activity

  • Filed within 26d

Target Probability

24/100

Issuers showing target-side patterns from filings

  • 5 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 5 activism filings

Pressure Watch

8/100

Issuers facing activism, governance, or control pressure

  • 5 activism filings
  • Latest activism 11y ago; heavily discounted

Distress Watch

30/100

Issuers showing financial-distress filing patterns

  • Missing recent 10-Q
  • 5 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

38/100

Issuers with the highest filing-activity intensity

  • Filed within 26d

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $43.7B
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $1,000M · Peak count: 3

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/A$703MN/AN/A
20231$460M$460MN/A
2022N/A$1BN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Technology Acquisition
    20%
  • Bolt On
    20%
  • Geographic Expansion
    20%
  • Talent Acquisition
    20%
  • Horizontal Consolidation
    20%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • technology_acquisition
  • bolt_on
  • talent_acquisition
  • geographic_expansion
  • horizontal_consolidation
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

we have in the past and expect to continue to make investments in and/or acquire complementary companies, services, products, technologies, or talent

10-KFY2026

The Group expects to achieve significant synergies and cost reductions within its food and grocery delivery services.

10-KFY2023

developing our current businesses by adding capabilities and clients or by expanding into new markets and verticals

10-KFY2026

The transaction marked a strategic decision to exit from media businesses (other than entertainment streaming).

10-KFY2023

Any changes in the markets in which we operate, including consolidations, liquidations, changes to incumbents or the emergence of new entrants, the composition of our customer base or changes in the competitive environment could have a material adverse effect on our revenue, cash flow, financial condition and results of operations.

10-KFY2025
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Marketing & Data

Market spend (2023–2025)
$51.4B
Market spend (2020–2022)
$63.5B
Recent vs prior
−19%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

Trading comparables unavailable for this wedge.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)202026-04-30
  • 10-Q (quarterly)0N/A
  • 8-K (event)0N/A
  • Proxy / DEF 14A0N/A
  • Activism (13D / DFAN / PREC)52015-05-22

Signals on file

  • elevated

    Activism on file

    2015-05-22

    5 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Nebius Group N.v.: Issuer Brief | SE-Cluster