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    Amendment: SEC Form 20-F/A filed by Nebius Group N.V.

    5/22/26 4:01:31 PM ET
    $NBIS
    Computer Software: Programming Data Processing
    Technology
    Get the next $NBIS alert in real time by email
    NEBIUS GROUP N.V._December 31, 2025
    0001513845--12-312025FYfalse0001513845us-gaap:CommonClassBMember2025-12-310001513845us-gaap:CommonClassAMember2025-12-310001513845dei:BusinessContactMember2025-01-012025-12-3100015138452025-01-012025-12-31xbrli:shares

    ​

    ​

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

    FORM 20-F/A

    (Amendment No. 1)

    ​

    ​

    (Mark One)

    ​

    ☐

    REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

    OR

    ☒

    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

    For the fiscal year ended December 31, 2025

    OR

    ☐

    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

    For the transition period from to

    OR

    ☐

    SHELL COMPANY PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

    Date of event requiring this shell company report

    ​

    Commission file number: 001-35173

    NEBIUS GROUP N.V.

    (Exact name of Registrant as specified in its charter)

    N/A

    (Translation of Registrant’s name in English)

    The Netherlands

    (Jurisdiction of incorporation or organization)

    Schiphol Boulevard 165

    Schiphol P7 1118 BG, The Netherlands

    (Address of principal executive offices)

    General Counsel

    Schiphol Boulevard 165

    Schiphol 1118 BG, The Netherlands

    Email: askIR@nebius.com

    (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

    Securities registered or to be registered pursuant to Section 12(b) of the Act.

    ​

    ​

    ​

    Title of each class

    ​

    Trading Symbol(s)

    ​

    Name of each exchange on which registered

    Class A Ordinary Shares

    ​

    NBIS

    ​

    NASDAQ Global Select Market

    ​

    Securities registered or to be registered pursuant to Section 12(g) of the Act. None

    Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act. Class A Ordinary Shares

    Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the Annual Report.(1)

    ​

    ​

    ​

    Title of each class

    ​

    Number of shares outstanding

    Class A

    ​

    219,465,088

    Class B

    ​

    33,551,883

    ​

    Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒  No ◻

    If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes ◻ No ⌧

    Note—checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

    Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ⌧ No ◻

    Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ⌧ No ◻

    Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

    Large accelerated filer

    ☒

    Accelerated filer

    ¨

    Non-accelerated filer

    ¨

    Emerging growth company

    ☐

    If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act. ◻

    Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒

    If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

    Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

    † The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

    Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

    ​

    ​

    ​

    ​

    U.S. GAAP

    ☒

    International Financial Reporting Standards ◻
    as issued by the International Accounting
    Standards Board

    Other ◻

    ​

    If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. Item 17 ◻ Item 18 ◻

    If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ⌧

    ​

    ​

    ​

    Auditor Name

      ​ ​ ​

    Auditor Location

      ​ ​

    Auditor Location

    Reanda Audit & Assurance B.V.

    ​

    Netherlands

    ​

    7018

    ​

    (1)Excluding 69,023,973 Class A shares held in treasury.

    ​

    ​

    ​

    EXPLANATORY NOTE

    ​

    Nebius Group N.V. (the “Company”) is filing this Amendment No. 1 (the “Amendment”) on Form 20-F/A to amend its annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission on April 30, 2026 (the “Original 20-F”), solely for the purpose of including Exhibit 97.1.

    ​

    The Amendment does not reflect events occurring after the date of the filing of the Original 20-F or modify or update any of the other disclosures contained therein in any way. Accordingly, the Amendment should be read in conjunction with the Original 20-F. The Amendment consists solely of the preceding cover page, this explanatory note, the signature page and the Exhibits identified in Item 19.

    ​

    ITEM 19 EXHIBITS

    ​

    ​

    ​

    ​

    Exhibit No.

      ​ ​ ​

    Description

    97.1*

    ​

    Clawback Policy (incorporated by reference to Exhibit 99.3 of our Form 6-K (file no. 001-35173) filed with the Securities and Exchange Commission on September 10, 2025)

    101.INS

    ​

    Inline XBRL Instance Document

    101.SCH

    ​

    Inline XBRL Taxonomy Extension Schema Document

    101.CAL

    ​

    Inline XBRL Taxonomy Extension Calculation Linkbase Document

    101.DEF

    ​

    Inline XBRL Taxonomy Extension Definition Linkbase Document

    101.LAB

    ​

    Inline XBRL Taxonomy Extension Label Linkbase Document

    101.PRE

    ​

    Inline XBRL Taxonomy Extension Presentation Linkbase Document

    104

    ​

    Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

    ​

    * Previously Filed

    ​

    SIGNATURES

    ​

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

    ​

     

    NEBIUS GROUP N.V.

    ​

    ​

    ​

    ​

    ​

    ​

    Date: May 22, 2026

    By:

    /s/ BOAZ TAL

    ​

    ​

    Boaz Tal

     

     

    General Counsel

    ​

    ​

    ​

    Get the next $NBIS alert in real time by email

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