NBIS

Nebius Group N.V.

There isn't enough reported data to score NBIS yet.

RBBN

Ribbon Communications Inc.

39
Fundamentals32/ 100
Valuation42/ 100
Upside potential41/ 100
Risk potential40/ 100

RBBN's fundamentals are weak: its operating margin went from 2.4% to −3.6% and revenue fell 7.8%, though it returned to profit. At 15x earnings, it's trading below its usual 16x. Analysts expect earnings to fall sharply.

NBIS Fundamentals

MetricStatus
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.

RBBN Fundamentals

MetricStatus
Stable
Stable
Under pressure
Weak

RBBN's revenue and profitability are currently stable, but its cash flow and balance sheet are under pressure.

NBIS PE Valuation

CHEAPFAIREXPENSIVE226x452x678x904x
CHEAPFAIREXPENSIVE226x452x678x904x
LevelPEPriceVs current
Cheap68x$22.45-83%
Fair114x$37.67-71%
Current390x$129—
Expensive666x$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.

RBBN PE Valuation

CHEAPFAIREXPENSIVE7.0x14x21x28x
CHEAPFAIREXPENSIVE7.0x14x21x28x
LevelPEPriceVs current
Cheap9.9x$0.99-32%
Current15x$1.45—
Fair16x$1.62+12%
Expensive22x$2.22+53%
Forward28x$1.45—

Historical ranges are pointers, not guarantees.

RBBN has the edge over NBIS in the historical PE scenario, which offers more potential upside but is not a forecast.

NBIS Forward outlook

MetricOutlook
--
Losses steady
Strong growth
Strongly improving
Limited
Low

NBIS has the edge over RBBN on the outlook, with more favorable earnings and revenue expectations.

RBBN Forward outlook

MetricOutlook
Strongly deteriorating
Strong decline
Stable
Weakening
Limited
Moderate

Analysts expect RBBN's earnings and profitability to decline, with its revenue holding steady.

NBIS Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $128.64 on Nov 12.

There is not enough scenario data to compare NBIS and RBBN's risk to reward.

RBBN Risk to reward

ScenarioChangePrice
Upside+28%$1.86
Downside-40%$0.87

Calculated from the latest close: $1.45 on Nov 12.

There is not enough scenario data to compare NBIS and RBBN's risk to reward.

NBIS Earnings Per Share

Q4 2014: $0.63Q4 2015: $0.36Q4 2016: $0.25Q4 2017: $0.32Q4 2018: $1.71Q4 2019: $0.46Q4 2020: $0.87Q4 2021: $-0.49Q4 2022: $1.00Q4 2023: $0.64Q4 2024: $-2.28Q4 2025: $0.33
Q4 2014: $0.63Q4 2015: $0.36Q4 2016: $0.25Q4 2017: $0.32Q4 2018: $1.71Q4 2019: $0.46Q4 2020: $0.87Q4 2021: $-0.49Q4 2022: $1.00Q4 2023: $0.64Q4 2024: $-2.28Q4 2025: $0.33
QuarterTTM EPSYoY
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 RBBN in the latest year-over-year earnings comparison.

RBBN Earnings Per Share

Q4 2023: $-0.40Q1 2024: $-0.35Q2 2024: $-0.32Q3 2024: $-0.32Q4 2024: $-0.31Q1 2025: $-0.28Q2 2025: $-0.24Q3 2025: $-0.23Q4 2025: $0.22Q1 2026: $0.17Q2 2026: $0.08Q3 2026: $0.10Forward: $0.05
Q4 2023: $-0.40Q1 2024: $-0.35Q2 2024: $-0.32Q3 2024: $-0.32Q4 2024: $-0.31Q1 2025: $-0.28Q2 2025: $-0.24Q3 2025: $-0.23Q4 2025: $0.22Q1 2026: $0.17Q2 2026: $0.08Q3 2026: $0.10Forward: $0.05
QuarterTTM EPSYoY
Forward$0.05-47%
Q3 2026$0.10+$0.33
Q2 2026$0.08+$0.32
Q1 2026$0.17+$0.45
Q4 2025$0.22+$0.53
Q3 2025-$0.23+$0.09
Q2 2025-$0.24+$0.08
Q1 2025-$0.28+$0.07
Q4 2024-$0.31+$0.09

RBBN has returned to profit: it earned $0.10 per share over the past year, after losing money the year before.

NBIS Quarterly Revenue

Q4 2014: $613MQ4 2015: $722MQ4 2016: $917MQ4 2017: $1.1BQ4 2018: $1.5BQ4 2019: $2.1BQ4 2020: $2.6BQ4 2021: $4.3BQ4 2022: $6.3BQ4 2023: $9.7BQ4 2024: --Q4 2025: $530M
Q4 2014: $613MQ4 2015: $722MQ4 2016: $917MQ4 2017: $1.1BQ4 2018: $1.5BQ4 2019: $2.1BQ4 2020: $2.6BQ4 2021: $4.3BQ4 2022: $6.3BQ4 2023: $9.7BQ4 2024: --Q4 2025: $530M
QuarterRevenueYoY
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.

RBBN Quarterly Revenue

Q4 2023: $226MQ1 2024: $180MQ2 2024: $193MQ3 2024: $210MQ4 2024: $251MQ1 2025: $181MQ2 2025: $221MQ3 2025: $215MQ4 2025: $227MQ1 2026: $163MQ2 2026: $192MQ3 2026: $219M
Q4 2023: $226MQ1 2024: $180MQ2 2024: $193MQ3 2024: $210MQ4 2024: $251MQ1 2025: $181MQ2 2025: $221MQ3 2025: $215MQ4 2025: $227MQ1 2026: $163MQ2 2026: $192MQ3 2026: $219M
QuarterRevenueYoY
Q3 2026$218.7M+1.6%
Q2 2026$192.3M-13%
Q1 2026$162.6M-10%
Q4 2025$227.3M-9.6%
Q3 2025$215.4M+2.4%
Q2 2025$220.6M+15%
Q1 2025$181.3M+0.9%
Q4 2024$251.4M+11%

RBBN has the edge over NBIS in the latest year-over-year revenue comparison.

NBIS Free Cash Flow

Q4 2014: $71MQ4 2015: $79MQ4 2016: $191MQ4 2017: $137MQ4 2018: −$1MQ4 2019: $288MQ4 2020: $97MQ4 2021: −$427MQ4 2022: −$107MQ4 2023: −$246MQ4 2024: −$562MQ4 2025: −$3.7B
Q4 2014: $71MQ4 2015: $79MQ4 2016: $191MQ4 2017: $137MQ4 2018: −$1MQ4 2019: $288MQ4 2020: $97MQ4 2021: −$427MQ4 2022: −$107MQ4 2023: −$246MQ4 2024: −$562MQ4 2025: −$3.7B
QuarterFree cash flowYoY
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.

RBBN Free Cash Flow

Q4 2023: $17MQ1 2024: $11MQ2 2024: −$13MQ3 2024: −$24MQ4 2024: $54MQ1 2025: −$16MQ2 2025: −$6MQ3 2025: $21MQ4 2025: $27MQ1 2026: −$25MQ2 2026: −$16MQ3 2026: −$16M
Q4 2023: $17MQ1 2024: $11MQ2 2024: −$13MQ3 2024: −$24MQ4 2024: $54MQ1 2025: −$16MQ2 2025: −$6MQ3 2025: $21MQ4 2025: $27MQ1 2026: −$25MQ2 2026: −$16MQ3 2026: −$16M
QuarterFree cash flowYoY
Q3 2026-$15.5M-174%
Q2 2026-$15.8M-$9.3M
Q1 2026-$25.1M-$9.4M
Q4 2025$27.3M-49%
Q3 2025$21M+$44.6M
Q2 2025-$6.5M+$6.4M
Q1 2025-$15.7M-248%
Q4 2024$53.8M+210%

RBBN's free cash flow was −$29M over the past year, against $53M the year before.

NBIS Total Shares

Q4 2014: 326MQ4 2015: 324MQ4 2016: 326MQ4 2017: 331MQ4 2018: 335MQ4 2019: 335MQ4 2020: 353MQ4 2021: 362MQ4 2022: 377MQ4 2023: 373MQ4 2024: 281MQ4 2025: 248M
Q4 2014: 326MQ4 2015: 324MQ4 2016: 326MQ4 2017: 331MQ4 2018: 335MQ4 2019: 335MQ4 2020: 353MQ4 2021: 362MQ4 2022: 377MQ4 2023: 373MQ4 2024: 281MQ4 2025: 248M
PeriodChange %Net change
Quarterly-12%-33.3M shares
1 year-32%-115M shares
3 years-26%-86.9M shares

NBIS has the edge over RBBN on shareholder dilution, with a more favorable share count trend.

RBBN Total Shares

Q4 2023: 173MQ1 2024: 172MQ2 2024: 174MQ3 2024: 175MQ4 2024: 174MQ1 2025: 176MQ2 2025: 177MQ3 2025: 177MQ4 2025: 180MQ1 2026: 176MQ2 2026: 177MQ3 2026: 179M
Q4 2023: 173MQ1 2024: 172MQ2 2024: 174MQ3 2024: 175MQ4 2024: 174MQ1 2025: 176MQ2 2025: 177MQ3 2025: 177MQ4 2025: 180MQ1 2026: 176MQ2 2026: 177MQ3 2026: 179M
PeriodChange %Net change
Quarterly+0.9%+1.6M shares
1 year+1.3%+2.2M shares
3 years+4.5%+7.7M shares
5 years+21%+30.7M shares
Available history+62%+68.6M shares

RBBN has 179M diluted shares, up 1.3% from a year ago, despite $4M in buybacks over the past year.

NBIS Net Leverage

Q4 2022: -0.7xQ4 2023: 0.7x
Q4 2022: -0.7xQ4 2023: 0.7x
QuarterNet LeverageStatus
Q4 20230.7xVery low
Q4 2022-0.7xNet Cash

NBIS's net debt is less than a year of its operating earnings (EBITDA).

RBBN Net Leverage

Q4 2023: 4.4xQ1 2024: 3.0xQ2 2024: 3.9xQ3 2024: 4.5xQ4 2024: 3.1xQ1 2025: 3.6xQ2 2025: 3.5xQ3 2025: 3.2xQ4 2025: 4.1xQ1 2026: 5.9xQ2 2026: 10.3xQ3 2026: 9.9x
Q4 2023: 4.4xQ1 2024: 3.0xQ2 2024: 3.9xQ3 2024: 4.5xQ4 2024: 3.1xQ1 2025: 3.6xQ2 2025: 3.5xQ3 2025: 3.2xQ4 2025: 4.1xQ1 2026: 5.9xQ2 2026: 10.3xQ3 2026: 9.9x
QuarterNet LeverageStatus
Q3 20269.9xHigh
Q2 202610.3xHigh
Q1 20265.9xHigh
Q4 20254.1xHigh
Q3 20253.2xElevated
Q2 20253.5xElevated
Q1 20253.6xElevated
Q4 20243.1xElevated

RBBN's net debt is about 9.9 years of its operating earnings (EBITDA), up from 3.2 years a year ago.

NBIS Weekly Momentum

MetricValueStatus
RSI38.0Neutral
Stochastic8.3Oversold

NBIS's weekly RSI is 38 (neutral) and its Stochastic is 8 (oversold).

RBBN Weekly Momentum

MetricValueStatus
RSI35.1Neutral
Stochastic17.3Oversold

RBBN's weekly RSI is 35 (neutral) and its Stochastic is 17 (oversold).

NBIS PE vs Communication Services Sector

MetricNBISSector medianRelative
PE390x16x2,264% above
PE %622438 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.

RBBN PE vs Communication Services Sector

MetricRBBNSector medianRelative
PE15x16x12% below
PE %32266 pts above

RBBN has the edge over NBIS on valuation relative to its sector.

NBIS Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$179.728% below
20 week MA$199.936% below
50 week MA$163.521% below
100 week MA$110.017% above

NBIS has stronger trend alignment. NBIS is above 1 of 4 weekly averages versus RBBN above 0 of 5.

RBBN Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$1.545.8% below
20 week MA$1.8622% below
50 week MA$2.2836% below
100 week MA$3.0452% below
200 week MA$3.0653% below

RBBN is in a downtrend: it's below all five of its weekly moving averages, and 53% below its 200-week average.

NBIS Yearly ROI

YearStart priceEnd priceROI
2024$19.6$27.3+40%
2025$27.3$87.6+221%
2026 YTD$87.6$128.6+47%

NBIS has the edge over RBBN on returns for 2026, with the stronger performance.

RBBN Yearly ROI

YearStart priceEnd priceROI
2020$3.10$6.61+113%
2021$6.61$6.08-8%
2022$6.08$2.65-56%
2023$2.65$2.90+9.4%
2024$2.90$4.10+41%
2025$4.10$2.95-28%
2026 YTD$2.95$1.45-51%

RBBN's yearly returns have swung widely, from +113% in 2020 to −56% in 2022. It's down 51% so far in 2026.

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