Nebius Group N.V. (NBIS) — Quality & forensics

As of 2026-09-18 — refreshed nightly. Closelook readings from an investment research diary, not ratings or advice.

The Closelook module scores

44 /100 composite · 7 modules · software-infra weight set

Valuation 22
Quality 18
Growth 77
Balance sheet 51
Cash quality 41
Capital allocation 37
Momentum 59

Scores are computed nightly across the coverage universe and read relative to it — the methodology lives in the company-scoring explainer.

Financial forensics — the academic screens

4.98 Altman Z-Score

Sits in the safe zone (above 2.99). The Z-Score estimates financial-distress risk from five balance-sheet and earnings ratios.

7/8 Piotroski F-Score

Nine binary fundamental-strength checks across profitability, leverage and operating efficiency.

3.43 Beneish M-Score

Screens reported earnings for statistical manipulation patterns — above the −1.78 threshold the literature flags for earnings-manipulation risk. A screen, not an accusation.

Continue: the NBIS chart & overview · the earnings record

FAQ · from the current data · as of 2026-09-18

Quick answers

What is Nebius Group N.V.'s Closelook quality reading?

The composite reads 44/100 across 7 modules, as of 2026-09-18: valuation 22, quality 18, growth 77, balance sheet 51, cash quality 41, capital allocation 37, momentum 59. Closelook scores are research diary readings, not ratings or investment advice.

What is Nebius Group N.V.'s Altman Z-Score?

4.98, which sits in the safe zone (above 2.99) as of 2026-09-18. The Altman Z-Score estimates financial distress risk from five balance-sheet and earnings ratios.

What is Nebius Group N.V.'s Piotroski F-Score?

7 of 8, as of 2026-09-18. The F-Score counts nine binary fundamental-strength signals across profitability, leverage and operating efficiency.

What does Nebius Group N.V.'s Beneish M-Score indicate?

3.43 — above the −1.78 threshold the literature flags for earnings-manipulation risk, as of 2026-09-18. The M-Score screens reported earnings for statistical manipulation patterns; it is a screen, not an accusation.

Mentioned on Closelook

Where NBIS appears in the diary — 19 pieces, newest first. Every link is our own writing.

Go deeper

Agentic Infrastructure Software: The Orchestration LayerFoundation models, compute middleware, and the platforms enabling autonomous AI agents at scale.Dossier · $39 one-time, or included in C+

Long reads

Agentic Infrastructure Software: The Orchestration LayerDossier · $39 · 24 Feb 2026Together AI · Fireworks · Anyscale (Ray Serve) · Replicate · Modal · CoreWeave · Nebius (NBIS) Data Platforms & Vector Storage Layer 2 — The Memory Layer This is the persistence bottleneck — the single most critical infrastructure gap for…
Portfolio Construction — Build a Barbell · Closelook Heresy IIIHeresy · 16 May 2026Live cohort as of May 2026: COHR · CRWV · GLW · INTC · IREN · LITE · MRVL · NBIS · NOK · SNPS.
Pattern 03 — NVIDIA Strategic Authority InvestmentReport · 12 May 2026The 16-Event Timeline (2023-07-12 → 2026-05-12) 2024 2025 2026 RXRX 23-07 ARM 23-09 APLD 24-09 NBIS 24-12 MRVL 25-03 CRWV 25-03 INTC 25-09 NOK 25-10 SNPS 25-12 LITE COHR 26-03 IREN 26-05 GLW 26-05 exit RXRX exit APLD exit ARM Tier 1 …
Nvidia’s Equity Stakes — Follow the Wise Men, Pattern 03 PreviewWeekly Signal · 10 May 2026Nebius has risen from $20 in late 2024 to a $200 peak earlier this month, and is now at $177.05 after a 4% pullback on Friday.

101 and glossary

Alt-Hyperscalers: Why CoreWeave, Nebius, and Lambda Labs Matter101A new class of cloud providers — CoreWeave, Nebius (ex-Yandex), Lambda Labs, Together AI, and others — is challenging the AWS/Azure/GCP oligopoly by offering what the hyperscalers cannot or will not: bare-metal GPU access without…
Sovereign AI: The National Compute Arms Race and Its Investment Map101The investment implications span from NVIDIA (selling DGX Cloud to governments globally) to Nebius (Yandex spin-off building European sovereign cloud) to Dell and HPE (on-premises AI infrastructure for nations with data residency…

Dailies

Oil settles at $107.63, the 10-year hits 4.95% and the 30-year 5.36%, its highest since 2007: chips lead a fourth down day, Oracle beats and jumps 4% after hours, Adobe beats and slips — and Asia sells its chipmakers 3% to 7%Morning 10 · 11 Sept 2026Our Euro-AI Sovereign 50 fell 1.5%, its chip-equipment group −4.4%, industrial automation −2.8% with Kion −5.8% and Munters −4.3%; enterprise software was the one group up, +0.4%, with OVHcloud +4.3% and Nynomic +4.6% the two best names…
Oil knocks on $100 and Wall Street sells everything but the AI pipe: Intel +9%, Lumentum +11%, Dow −1.2% — Seoul buys the dip and the Kospi is back above 7,000Morning 10 · 9 Sept 2026The one exception inside agentic software was the compute layer: CoreWeave +11.7%, Nebius +7.7%, IREN +5.0%, DigitalOcean +12.6%, lifting our Compute Operators sub-index 3.3% and 11.0% on the week.
The Treasury buys duration with bills, hard assets read it first — Bitcoin toward 70,000, gold through 4,400, as the minutes turn hawkish and Korea answers its crash with a buybackMorning 10 · 20 Aug 2026SOXX −2.21%, XSD −2.79%, SMH −1.55% Wednesday even as the DRAM ETF held flat +0.07% to 55.14; singles AMAT −3.53% (496.17), LITE −5.23%, COHR −6.19%, FN −5.81% (454.55), NBIS −9.87%, CRWV −2.47%.
Options Diary — Everything Got More Time, Except the One That Didn’tDaily Pulse · 15 Aug 2026Two January 2027 short puts were rolled out to June 2027 at a net credit — NBIS up a strike to 160, PLTR flat at 150 — while IONQ's puts were closed outright with no replacement, the one position in the book given no extension at all.
The macro week breaks at the last print — retail and Michigan miss, bonds slip the floor, and Lumentum runs from the middleMidday 10 · 14 Aug 2026And in the single names, the week's sorting keeps writing itself: Applied Materials confirms its charge in cash, Nebius extends into a third-day payment, and Lumentum is running AWAY from the middle of its record with hours to the window…
No Bursting Bubble — The Rotation Inside the AI Trade, in Four Panels, With PPI as the HingeDaily Pulse · 13 Aug 2026Overnight, the same message in single names Wednesday's close paid the rotation's challengers: Nebius +34.1% to 259.20, straight through a famously disclosed short entry near 212, on a print that merely reiterated guidance; CoreWeave…
Quiet index, violent sorting — memory rips, Cisco pays for its beat, and the bonds reclaim the floorMidday 10 · 13 Aug 2026CoreWeave & Nebius — day-two retention passes
The referendum passes at midday — neoclouds vertical, semis re-bid, and the yen refuses to stand downMidday 10 · 12 Aug 2026NBIS trades up 23.7% to ~239 by midday — through the much-publicised short position disclosed near 212 — on a quarter that was, by the columns, unremarkable: revenue $574.6M, +446% year over year and in line, every guidance line reiterated.