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Side-by-side financial comparison of CLOUDASTRUCTURE, INC. (CSAI) and Nebius Group N.V. (NBIS). Click either name above to swap in a different company.

Nebius Group N.V. is the larger business by last-quarter revenue ($32.1M vs $1.8M, roughly 18.0× CLOUDASTRUCTURE, INC.). CLOUDASTRUCTURE, INC. produced more free cash flow last quarter ($-1.3M vs $-586.8M).

Nebius Group N.V., headquartered in Amsterdam, is a technology company that provides artificial intelligence infrastructure. The company also owns Avride and TripleTen, as well as stakes in Toloka and Clickhouse. It is headquartered in Amsterdam with offices in Israel and the United States.

CSAI vs NBIS — Head-to-Head

Bigger by revenue
NBIS
NBIS
18.0× larger
NBIS
$32.1M
$1.8M
CSAI
More free cash flow
CSAI
CSAI
$585.5M more FCF
CSAI
$-1.3M
$-586.8M
NBIS

Income Statement — Q4 2025 vs Q3 2025

Metric
CSAI
CSAI
NBIS
NBIS
Revenue
$1.8M
$32.1M
Net Profit
$-1.9M
Gross Margin
2.0%
Operating Margin
-101.0%
-251.1%
Net Margin
-104.8%
Revenue YoY
Net Profit YoY
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CSAI
CSAI
NBIS
NBIS
Q4 25
$1.8M
Q3 25
$1.4M
$32.1M
Q2 25
$1.1M
$24.2M
Q1 25
$738.0K
Q3 24
$79.6M
Q2 24
$36.3M
Net Profit
CSAI
CSAI
NBIS
NBIS
Q4 25
$-1.9M
Q3 25
$-2.1M
Q2 25
$-2.0M
$-185.4M
Q1 25
$-2.5M
Q3 24
$-258.2M
Q2 24
$-118.3M
Gross Margin
CSAI
CSAI
NBIS
NBIS
Q4 25
2.0%
Q3 25
49.7%
Q2 25
37.1%
Q1 25
44.7%
Q3 24
Q2 24
Operating Margin
CSAI
CSAI
NBIS
NBIS
Q4 25
-101.0%
Q3 25
-136.8%
-251.1%
Q2 25
-176.2%
-754.1%
Q1 25
-330.1%
Q3 24
-366.1%
Q2 24
-563.1%
Net Margin
CSAI
CSAI
NBIS
NBIS
Q4 25
-104.8%
Q3 25
-142.4%
Q2 25
-184.5%
-766.1%
Q1 25
-340.5%
Q3 24
-324.4%
Q2 24
-325.9%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CSAI
CSAI
NBIS
NBIS
Cash + ST InvestmentsLiquidity on hand
$8.5M
$4.8B
Total DebtLower is stronger
Stockholders' EquityBook value
$8.9M
$4.8B
Total Assets
$10.1M
$10.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSAI
CSAI
NBIS
NBIS
Q4 25
$8.5M
Q3 25
$6.4M
$4.8B
Q2 25
$7.7M
$1.7B
Q1 25
$6.9M
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
CSAI
CSAI
NBIS
NBIS
Q4 25
$8.9M
Q3 25
$6.8M
$4.8B
Q2 25
$8.1M
$3.8B
Q1 25
$6.8M
Q3 24
$2.9B
Q2 24
$4.3B
Total Assets
CSAI
CSAI
NBIS
NBIS
Q4 25
$10.1M
Q3 25
$8.7M
$10.1B
Q2 25
$9.1M
$5.1B
Q1 25
$8.0M
Q3 24
$3.0B
Q2 24
$4.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CSAI
CSAI
NBIS
NBIS
Operating Cash FlowLast quarter
$-1.3M
$-196.8M
Free Cash FlowOCF − Capex
$-1.3M
$-586.8M
FCF MarginFCF / Revenue
-73.7%
-1828.0%
Capex IntensityCapex / Revenue
3.3%
1215.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSAI
CSAI
NBIS
NBIS
Q4 25
$-1.3M
Q3 25
$-1.4M
$-196.8M
Q2 25
$-1.8M
$-162.0M
Q1 25
$-2.5M
Q3 24
Q2 24
Free Cash Flow
CSAI
CSAI
NBIS
NBIS
Q4 25
$-1.3M
Q3 25
$-1.5M
$-586.8M
Q2 25
$-1.9M
$-379.9M
Q1 25
$-2.5M
Q3 24
Q2 24
FCF Margin
CSAI
CSAI
NBIS
NBIS
Q4 25
-73.7%
Q3 25
-100.6%
-1828.0%
Q2 25
-178.2%
-1569.8%
Q1 25
-340.7%
Q3 24
Q2 24
Capex Intensity
CSAI
CSAI
NBIS
NBIS
Q4 25
3.3%
Q3 25
7.3%
1215.0%
Q2 25
11.0%
900.4%
Q1 25
4.1%
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CSAI
CSAI

Segment breakdown not available.

NBIS
NBIS

Nebius$27.1M84%
TripleTen$6.3M20%
Avride$100.0K0%

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