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Nebius Group (NBIS) Cash Flow Waterfall

Trace Nebius Group's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$3.01B

Capex

−$5.48B

Free Cash Flow

−$2.47B

FCF Margin

-82.1%

Cash flow waterfall for Nebius Group (NBIS) — TTM through Q1 2026

Free cash flow: −$2.47B

Cash flow breakdown for Nebius Group (NBIS) — TTM through Q1 2026

  • Operating Cash Flow$3.01B
  • Capital Expenditure−$5.48B
  • Free Cash Flow−$2.47B
  • Acquisitions−$170.20M
  • Other Investing−$71.50M
  • Net Debt Change$7.46B
  • Other Financing$3.15B
  • Forex Effect−$74.20M
  • Net Cash Increase$7.81B
Want to see what drove the FCF change?Free Cash Flow Bridge

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