IQ
iQIYI, Inc.
IQ lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
NBIS
Nebius Group N.V.
There isn't enough reported data to score NBIS yet.
IQ Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Under pressure | |
| Weak |
IQ's revenue, profitability, cash flow and balance sheet are all currently under pressure.
NBIS Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| Unavailable | |
| Healthy |
NBIS's profitability and balance sheet are currently healthy. There isn't enough data to rate its revenue and cash flow.
IQ PE Valuation
IQ has no meaningful PE right now: it lost money over the past year.
NBIS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 68x | $22.45 | -83% |
| Fair | 114x | $37.67 | -71% |
| Current | 390x | $129 | — |
| Expensive | 666x | $220 | +71% |
Historical ranges are pointers, not guarantees.
NBIS's PE is 390x, but its earnings don't support one, so it isn't a reliable read right now.
IQ Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect IQ's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
NBIS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect NBIS's revenue to grow and its profitability to improve, with its earnings holding steady. However, they disagree widely on these estimates.
IQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.13 | -1400% |
| Q1 2026 | -$0.11 | -375% |
| Q4 2025 | -$0.04 | -136% |
| Q3 2025 | -$0.07 | -132% |
| Q2 2025 | $0.01 | -96% |
| Q1 2025 | $0.04 | -87% |
| Q4 2024 | $0.11 | -63% |
| Q3 2024 | $0.22 | -21% |
IQ has swung to a loss: it lost $0.13 per share over the past year, after a profit the year before.
NBIS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $0.33 | +$2.61 |
| Q4 2024 | -$2.28 | -456% |
| Q4 2023 | $0.64 | -36% |
| Q4 2022 | $1.00 | +$1.49 |
| Q4 2021 | -$0.49 | -156% |
| Q4 2020 | $0.87 | +89% |
| Q4 2019 | $0.46 | -73% |
| Q4 2018 | $1.71 | +434% |
NBIS has the edge over IQ in the latest year-over-year earnings comparison.
IQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $940.8M | -5.4% |
| Q1 2026 | $934.3M | -13% |
| Q4 2025 | $1B | +2.7% |
| Q3 2025 | $1B | -7.8% |
| Q2 2025 | $994.7M | -11% |
| Q1 2025 | $1.1B | -9.3% |
| Q4 2024 | $992.5M | -14% |
| Q3 2024 | $1.1B | -9.6% |
IQ has the edge over NBIS in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -1.7% | -1 points |
| Q1 2026 | -3.7% | -8.4 points |
| Q4 2025 | 0.8% | -3.5 points |
| Q3 2025 | -1.8% | -5.1 points |
| Q2 2025 | -0.7% | -5.3 points |
| Q1 2025 | 4.8% | -7.2 points |
| Q4 2024 | 4.3% | -5.7 points |
| Q3 2024 | 3.3% | -6 points |
IQ's operating margin was −1.7% last quarter, down 1 points from the same quarter a year ago.
NBIS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2023 | $9.7B | +53% |
| Q4 2022 | $6.3B | +46% |
| Q4 2021 | $4.3B | +63% |
| Q4 2020 | $2.6B | +24% |
| Q4 2019 | $2.1B | +37% |
| Q4 2018 | $1.5B | +36% |
| Q4 2017 | $1.1B | +24% |
| Q4 2016 | $917M | +27% |
NBIS's revenue is growing: $530M last quarter, down 80% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | -115% | -112 points |
| Q4 2023 | 3.6% | -11 points |
| Q4 2022 | 2.5% | -14 points |
| Q4 2021 | -3.7% | -18 points |
| Q4 2020 | 7.4% | -9.5 points |
| Q4 2019 | 14% | -2 points |
| Q4 2018 | 16% | -14 points |
| Q4 2017 | 14% | -19 points |
NBIS's operating margin was −115% last quarter, down 123 points from the same quarter a year ago, near the bottom of its range since 2011.
IQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $48M | +$53.1M |
| Q1 2026 | $16.5M | -65% |
| Q4 2025 | $0 | -100% |
| Q3 2025 | -$43.6M | -224% |
| Q2 2025 | -$5.1M | -109% |
| Q1 2025 | $47.5M | -65% |
| Q4 2024 | $71.1M | -23% |
| Q3 2024 | $35.2M | -72% |
IQ still generates free cash flow, though less than at its 2023 peak: $21M over the past year.
NBIS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | -$3.7B | -$3.1B |
| Q4 2024 | -$562.1M | -$316.2M |
| Q4 2023 | -$245.9M | -$138.9M |
| Q4 2022 | -$107M | +$319.7M |
| Q4 2021 | -$426.7M | -539% |
| Q4 2020 | $97.3M | -66% |
| Q4 2019 | $287.9M | +$289.2M |
| Q4 2018 | -$1.3M | -101% |
NBIS has burned cash in six of the last eight quarters: −$4.6B over the past year, against −$43M the year before.
IQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -6M shares |
| 1 year | -0.4% | -4.1M shares |
| 3 years | -2% | -19.6M shares |
| 5 years | +744% | +846M shares |
| Available history | +31% | +229M shares |
IQ has 959M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
IQ hasn't bought back shares in the past year.
NBIS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -12% | -33.3M shares |
| 1 year | -32% | -115M shares |
| 3 years | -26% | -86.9M shares |
NBIS has the edge over IQ on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | $10M |
| Q4 2021 | $84.1M |
| Q4 2020 | $122.8M |
| Q4 2019 | $17.2M |
| Q4 2018 | $121.8M |
| Q4 2014 | $101.7M |
| Q4 2013 | $102.9M |
IQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 58.6x | High |
| Q1 2026 | 27.0x | High |
| Q4 2025 | 11.8x | High |
| Q3 2025 | 3.0x | Elevated |
| Q2 2025 | 2.8x | Moderate |
| Q1 2025 | 2.5x | Moderate |
| Q4 2024 | 2.2x | Moderate |
| Q3 2024 | 0.6x | Very low |
IQ's net debt is more than 20 years of its operating earnings (EBITDA), up from 2.8 years a year ago.
NBIS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2023 | 0.7x | Very low |
| Q4 2022 | -0.7x | Net Cash |
NBIS's net debt is less than a year of its operating earnings (EBITDA).
IQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.7 | Neutral |
| Stochastic | 13.5 | Oversold |
IQ's weekly RSI is 40 (neutral) and its Stochastic is 14 (oversold).
NBIS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.0 | Neutral |
| Stochastic | 8.3 | Oversold |
NBIS's weekly RSI is 38 (neutral) and its Stochastic is 8 (oversold).
IQ PE vs Communication Services Sector
| Metric | IQ | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
IQ has no meaningful PE right now: it lost money over the past year.
NBIS PE vs Communication Services Sector
| Metric | NBIS | Sector median | Relative |
|---|---|---|---|
| PE | 390x | 16x | 2,264% above |
| PE % | 62 | 24 | 38 pts above |
NBIS is trading at 390x earnings, a 2264% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
IQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.95 | 6.3% below |
| 20 week MA | $1.05 | 15% below |
| 50 week MA | $1.33 | 33% below |
| 100 week MA | $1.71 | 48% below |
| 200 week MA | $3.11 | 71% below |
NBIS has stronger trend alignment. IQ is above 0 of 5 weekly averages versus NBIS above 1 of 4.
NBIS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $179.7 | 28% below |
| 20 week MA | $199.9 | 36% below |
| 50 week MA | $163.5 | 21% below |
| 100 week MA | $110.0 | 17% above |
NBIS has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 17% above its 100-week average.
IQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.5 | $17.4 | -19% |
| 2021 | $17.4 | $4.91 | -72% |
| 2022 | $4.91 | $4.65 | -5.3% |
| 2023 | $4.65 | $4.88 | +4.9% |
| 2024 | $4.88 | $2.08 | -57% |
| 2025 | $2.08 | $1.91 | -8.2% |
| 2026 YTD | $1.91 | $0.89 | -53% |
IQ has finished lower in five of the last six years. It's down 53% so far in 2026.
NBIS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $19.6 | $27.3 | +40% |
| 2025 | $27.3 | $87.6 | +221% |
| 2026 YTD | $87.6 | $128.6 | +47% |
NBIS has the edge over IQ on returns for 2026, with the stronger performance.