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Side-by-side financial comparison of Nebius Group N.V. (NBIS) and ATRenew Inc. (RERE). Click either name above to swap in a different company.

ATRenew Inc. is the larger business by last-quarter revenue ($43.2M vs $32.1M, roughly 1.3× Nebius Group N.V.).

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.

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

NBIS vs RERE — Head-to-Head

Bigger by revenue
RERE
RERE
1.3× larger
RERE
$43.2M
$32.1M
NBIS

Income Statement — Q3 FY2025 vs Q1 FY2023

Metric
NBIS
NBIS
RERE
RERE
Revenue
$32.1M
$43.2M
Net Profit
$7.3M
Gross Margin
Operating Margin
-251.1%
Net Margin
16.9%
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
NBIS
NBIS
RERE
RERE
Q3 25
$32.1M
Q2 25
$24.2M
Q3 24
$79.6M
Q2 24
$36.3M
Q1 23
$43.2M
Net Profit
NBIS
NBIS
RERE
RERE
Q3 25
Q2 25
$-185.4M
Q3 24
$-258.2M
Q2 24
$-118.3M
Q1 23
$7.3M
Operating Margin
NBIS
NBIS
RERE
RERE
Q3 25
-251.1%
Q2 25
-754.1%
Q3 24
-366.1%
Q2 24
-563.1%
Q1 23
Net Margin
NBIS
NBIS
RERE
RERE
Q3 25
Q2 25
-766.1%
Q3 24
-324.4%
Q2 24
-325.9%
Q1 23
16.9%

Balance Sheet & Financial Strength

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

Metric
NBIS
NBIS
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$4.8B
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.8B
$557.1M
Total Assets
$10.1B
$722.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NBIS
NBIS
RERE
RERE
Q3 25
$4.8B
Q2 25
$1.7B
Q3 24
$2.3B
Q2 24
$2.3B
Q1 23
$228.0M
Stockholders' Equity
NBIS
NBIS
RERE
RERE
Q3 25
$4.8B
Q2 25
$3.8B
Q3 24
$2.9B
Q2 24
$4.3B
Q1 23
$557.1M
Total Assets
NBIS
NBIS
RERE
RERE
Q3 25
$10.1B
Q2 25
$5.1B
Q3 24
$3.0B
Q2 24
$4.4B
Q1 23
$722.9M

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NBIS
NBIS
RERE
RERE
Q3 25
$-196.8M
Q2 25
$-162.0M
Q3 24
Q2 24
Q1 23
Free Cash Flow
NBIS
NBIS
RERE
RERE
Q3 25
$-586.8M
Q2 25
$-379.9M
Q3 24
Q2 24
Q1 23
FCF Margin
NBIS
NBIS
RERE
RERE
Q3 25
-1828.0%
Q2 25
-1569.8%
Q3 24
Q2 24
Q1 23
Capex Intensity
NBIS
NBIS
RERE
RERE
Q3 25
1215.0%
Q2 25
900.4%
Q3 24
Q2 24
Q1 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

NBIS
NBIS

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

RERE
RERE

Segment breakdown not available.

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