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NBIS

NEBIUS GROUP N.V.
CIK 0001513845 · EDGAR ↗
cleanelevatedtriggeredno dataplanned
74.6
composite · 4 signals · TRIGGERED

Every card below shows the score and the exact filing data it was computed from — no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded — never a guess.

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Signals

P-01 · FY 2025-12-31 · TRIGGERED100.0

Earnings quality

Beneish M-Score 10.37 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-30) ↗
Evidence — inputs and thresholds
{
  "m_score": 10.365,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 11.107,
    "GMI": 0.761,
    "AQI": 3.667,
    "SGI": 5.79,
    "DEPI": 1,
    "SGAI": 0.257,
    "LVGI": 6.089,
    "TATA": -0.03
  },
  "defaulted_to_neutral": [
    "DEPI"
  ],
  "sloan_accruals": -0.0378,
  "inputs": {
    "revenue_t": 529800000,
    "revenue_t1": 91500000,
    "total_assets_t": 12430600000,
    "net_income_t": 82500000,
    "cfo_t": 384800000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/0001104659-26-052948-index.htm",
    "form": "20-F",
    "filed": "2026-04-30"
  }
}
P-13 · FY 2023-12-31 · ELEVATED80.0

Zombie / distress

[FY2023 data, stale — no more recent EBIT figure in XBRL] Interest coverage -2.36x below 1.0
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-30) ↗
Evidence — inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": null,
    "2024-12-31": null,
    "2023-12-31": -2.359,
    "2022-12-31": -3.271
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": 1.539,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -285700000,
    "interest_expense_t": 121100000
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/0001104659-26-052948-index.htm",
    "form": "20-F",
    "filed": "2026-04-30"
  }
}
P-05 · FY 2025-12-31 · CLEAN0.0

Tax arbitrage

ETR 29.0% — within normal range of statutory
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-30) ↗
Evidence — inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.2899
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": -0.0799
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/0001104659-26-052948-index.htm",
    "form": "20-F",
    "filed": "2026-04-30"
  }
}
P-12 · FY 2025-12-31 · CLEAN9.6

Restatement predictor

F-Score 0.29 — at or below the population base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-30) ↗
Evidence — inputs and thresholds
{
  "f_score": 0.288,
  "probability": 0.00107,
  "components": {
    "rsst": -0.0378,
    "drec": 0.0888,
    "dinv": null,
    "soft": 0.2574,
    "dcs": -2.9596,
    "droa": 0.1874,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/0001104659-26-052948-index.htm",
    "form": "20-F",
    "filed": "2026-04-30"
  }
}