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Side-by-side financial comparison of Nebius Group N.V. (NBIS) and TANDY LEATHER FACTORY INC (TLF). 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 $22.3M, roughly 1.4× TANDY LEATHER FACTORY INC). TANDY LEATHER FACTORY INC produced more free cash flow last quarter ($4.0M 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.

Tandy Leather Factory, Inc. is an American specialty retailer and wholesale distributor of leather and leatherwork related products. It operates more than 100 stores worldwide. Originally part of the Tandy Corporation, Tandy Leather has gone through a series of acquisitions and mergers, eventually being sold to The Leather Factory in 2000. The Tandy Leather flagship store next to their corporate headquarters in Fort Worth, Texas also houses the Al and Ann Stohlman Leathercraft Museum.

NBIS vs TLF — Head-to-Head

Bigger by revenue
NBIS
NBIS
1.4× larger
NBIS
$32.1M
$22.3M
TLF
More free cash flow
TLF
TLF
$590.8M more FCF
TLF
$4.0M
$-586.8M
NBIS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NBIS
NBIS
TLF
TLF
Revenue
$32.1M
$22.3M
Net Profit
$-930.0K
Gross Margin
54.3%
Operating Margin
-251.1%
-2.8%
Net Margin
-4.2%
Revenue YoY
8.7%
Net Profit YoY
-379.3%
EPS (diluted)
$-0.18

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
TLF
TLF
Q4 25
$22.3M
Q3 25
$32.1M
$17.3M
Q2 25
$24.2M
$17.8M
Q1 25
$19.0M
Q4 24
$20.5M
Q3 24
$79.6M
$17.4M
Q2 24
$36.3M
$17.3M
Q1 24
$19.3M
Net Profit
NBIS
NBIS
TLF
TLF
Q4 25
$-930.0K
Q3 25
$-1.4M
Q2 25
$-185.4M
$-199.0K
Q1 25
$11.6M
Q4 24
$333.0K
Q3 24
$-258.2M
$-132.0K
Q2 24
$-118.3M
$101.0K
Q1 24
$525.0K
Gross Margin
NBIS
NBIS
TLF
TLF
Q4 25
54.3%
Q3 25
58.9%
Q2 25
59.5%
Q1 25
56.3%
Q4 24
53.0%
Q3 24
57.8%
Q2 24
58.0%
Q1 24
56.7%
Operating Margin
NBIS
NBIS
TLF
TLF
Q4 25
-2.8%
Q3 25
-251.1%
-3.9%
Q2 25
-754.1%
0.4%
Q1 25
1.4%
Q4 24
0.9%
Q3 24
-366.1%
-1.5%
Q2 24
-563.1%
0.4%
Q1 24
3.4%
Net Margin
NBIS
NBIS
TLF
TLF
Q4 25
-4.2%
Q3 25
-7.8%
Q2 25
-766.1%
-1.1%
Q1 25
60.8%
Q4 24
1.6%
Q3 24
-324.4%
-0.8%
Q2 24
-325.9%
0.6%
Q1 24
2.7%
EPS (diluted)
NBIS
NBIS
TLF
TLF
Q4 25
$-0.18
Q3 25
$-0.17
Q2 25
$-0.02
Q1 25
$1.47
Q4 24
$0.04
Q3 24
$-0.02
Q2 24
$0.01
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
NBIS
NBIS
TLF
TLF
Cash + ST InvestmentsLiquidity on hand
$4.8B
$16.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.8B
$52.6M
Total Assets
$10.1B
$86.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NBIS
NBIS
TLF
TLF
Q4 25
$16.1M
Q3 25
$4.8B
$12.0M
Q2 25
$1.7B
$16.4M
Q1 25
$23.6M
Q4 24
$13.3M
Q3 24
$2.3B
$10.1M
Q2 24
$2.3B
$11.5M
Q1 24
$12.3M
Stockholders' Equity
NBIS
NBIS
TLF
TLF
Q4 25
$52.6M
Q3 25
$4.8B
$53.4M
Q2 25
$3.8B
$56.1M
Q1 25
$55.8M
Q4 24
$57.2M
Q3 24
$2.9B
$57.6M
Q2 24
$4.3B
$57.5M
Q1 24
$57.2M
Total Assets
NBIS
NBIS
TLF
TLF
Q4 25
$86.6M
Q3 25
$10.1B
$84.5M
Q2 25
$5.1B
$76.5M
Q1 25
$77.9M
Q4 24
$74.9M
Q3 24
$3.0B
$73.0M
Q2 24
$4.4B
$72.8M
Q1 24
$72.4M

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
TLF
TLF
Operating Cash FlowLast quarter
$-196.8M
$5.0M
Free Cash FlowOCF − Capex
$-586.8M
$4.0M
FCF MarginFCF / Revenue
-1828.0%
18.1%
Capex IntensityCapex / Revenue
1215.0%
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NBIS
NBIS
TLF
TLF
Q4 25
$5.0M
Q3 25
$-196.8M
$-1.0M
Q2 25
$-162.0M
$-4.0M
Q1 25
$-536.0K
Q4 24
$4.5M
Q3 24
$-535.0K
Q2 24
$-514.0K
Q1 24
$1.1M
Free Cash Flow
NBIS
NBIS
TLF
TLF
Q4 25
$4.0M
Q3 25
$-586.8M
$-3.0M
Q2 25
$-379.9M
$-7.3M
Q1 25
$-1.9M
Q4 24
$3.8M
Q3 24
$-1.4M
Q2 24
$-715.0K
Q1 24
$-141.0K
FCF Margin
NBIS
NBIS
TLF
TLF
Q4 25
18.1%
Q3 25
-1828.0%
-17.2%
Q2 25
-1569.8%
-41.0%
Q1 25
-9.8%
Q4 24
18.8%
Q3 24
-8.2%
Q2 24
-4.1%
Q1 24
-0.7%
Capex Intensity
NBIS
NBIS
TLF
TLF
Q4 25
4.3%
Q3 25
1215.0%
11.2%
Q2 25
900.4%
18.7%
Q1 25
7.0%
Q4 24
3.3%
Q3 24
5.1%
Q2 24
1.2%
Q1 24
6.4%
Cash Conversion
NBIS
NBIS
TLF
TLF
Q4 25
Q3 25
Q2 25
Q1 25
-0.05×
Q4 24
13.55×
Q3 24
Q2 24
-5.09×
Q1 24
2.07×

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%

TLF
TLF

Segment breakdown not available.

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