View Future GrowthNorthern Data 過去の業績過去 基準チェック /06Northern Dataの収益は年間平均-38.1%の割合で減少していますが、 Software業界の収益は年間 減少しています。収益は年間22.7% 0.1%割合で 減少しています。主要情報-38.10%収益成長率-17.08%EPS成長率Software 業界の成長10.11%収益成長率-0.098%株主資本利益率-109.16%ネット・マージン-603.09%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Mar 20Full year 2025 earnings released: €6.08 loss per share (vs €2.21 loss in FY 2024)Full year 2025 results: €6.08 loss per share (further deteriorated from €2.21 loss in FY 2024). Revenue: €83.3m (down 58% from FY 2024). Net loss: €482.7m (loss widened 279% from FY 2024). Revenue is forecast to grow 68% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in Italy. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.すべての更新を表示Recent updatesお知らせ • 21hNorthern Data AG Announces Resignation of Aroosh Thillainathan as Co-Chief Executive Officer, Effective June 17, 2026Northern Data AG announced that Aroosh Thillainathan, Co-Chief Executive Officer of the Company, sign an agreement for the termination of his executive service agreement by mutual consent. He tendered his resignation from the Management Board of the Company with effect from June 17, 2026.お知らせ • Jun 19Northern Data AG Raises Earnings Guidance for the Full-Year of 2026Northern Data AG raised earnings guidance for the full-year of 2026. For the year, the company expects revenue to be between EUR 170 million to EUR 190 million, an increase from the prior expectation of EUR 130 million to EUR 150 million.お知らせ • May 31Northern Data Ag Announces to Step Down of Elliot Jordan as Group Chief Financial Officer, Effective May 31, 2026Northern Data AG announced that Elliot Jordan would step down as Group Chief Financial Officer, with his departure effective May 31, 2026. Elliot Jordan would continue to work with Northern Data Group in an advisory capacity to ensure continuity across its financial operations and in connection with the Group’s ongoing business combination with Rumble.お知らせ • May 06Northern Data to Terminate the Inclusion of the Shares in Trading on the Open Market Promptly Following the Closing of the Tender OfferRumble Inc. (“Rumble”) announced that the proposed business combination of Rumble and Northern Data AG (“Northern Data”) has obtained the final regulatory approval. On April 29, 2026, Rumble received notice that the United Arab Emirates Ministry of Economy had completed its review of the proposed transaction and granted the required approval. No other regulatory approvals will be required. The acceptance period ends on May 9, 2026 at 06:01 hrs (local time in Frankfurt am Main, Germany) /00:01 hrs (local time in New York), subject to any extension of the offer period and satisfaction or waiver of the conditions to the exchange offer. Assuming publication of the results of the exchange offer on May 13, 2026, an additional tender offer acceptance period is expected to begin on May 15, 2026, and expected to end on June 1, 2026, at 06:01 hrs (local time in Frankfurt am Main, Germany) /00:01 hrs (local time in New York). The exchange offer can no longer be accepted after expiry of the additional acceptance period. The exchange offer provides Northern Data shareholders with an opportunity to become stockholders directly in Rumble and thereby participate in the combined company's drive towards becoming a leading, independent force in AI computation, cloud infrastructure, and digital video innovation. Northern Data's Management Board and Supervisory Board unanimously recommend that shareholders accept the offer. Rumble will not enter into a domination and/or profit and loss transfer agreement for a period of at least three years after closing. The Management Board of Northern Data will terminate the inclusion of the Northern Data shares in trading on the open market promptly following the closing of the tender offer. A separate delisting offer will not be required. Northern Data shareholders who do not tender their shares will continue to hold shares of Northern Data following closing, and should be aware that the delisting will likely result in a significant reduction in liquidity and price transparency for Northern Data shares, and they may not be able to sell their shares as a result.Breakeven Date Change • Apr 21Forecast to breakeven in 2027The 3 analysts covering Northern Data expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 74% to 2026. The company is expected to make a profit of €19.0m in 2027. Average annual earnings growth of 132% is required to achieve expected profit on schedule.Reported Earnings • Mar 20Full year 2025 earnings released: €6.08 loss per share (vs €2.21 loss in FY 2024)Full year 2025 results: €6.08 loss per share (further deteriorated from €2.21 loss in FY 2024). Revenue: €83.3m (down 58% from FY 2024). Net loss: €482.7m (loss widened 279% from FY 2024). Revenue is forecast to grow 68% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in Italy. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.New Risk • Oct 24New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: €127m Forecast net loss in 3 years: €18m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (€18m net loss in 3 years).New Risk • Aug 13New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: €127m Forecast net loss in 3 years: €7.5m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€1.0b). Currently unprofitable and not forecast to become profitable over next 3 years (€7.5m net loss in 3 years).お知らせ • Aug 12Elektron Energy LP signed a letter of intent to acquire Peak Mining, LLC from Northern Data AG (DB:NB2) for approximately $240 million.Elektron Energy LP signed a letter of intent to acquire Peak Mining, LLC from Northern Data AG (DB:NB2) for approximately $240 million on August 11, 2025. The transaction consideration contemplates an all-cash offer of up to approximately $240 million, inclusive of approximately $180 million of upfront cash consideration with the remainder subject to certain key performance metrics and the successful transfer of a deposit agreement with a bitcoin miner hardware producer. Northern Data’s Ardent division retains the explicit right to participate in any potential High Performance Computing development of Corpus Christi II by Elektron. The transaction is expected to conclude in the second half of 2025 and is subject to customary closing conditions for a transaction of this type.お知らせ • Aug 11Rumble Inc. (NasdaqGM:RUM) signed a letter of intent to acquire Northern Data AG (DB:NB2) from Tether Inc. and other key shareholders for $1.2 billion.Rumble Inc. (NasdaqGM:RUM) signed a letter of intent to acquire Northern Data AG (DB:NB2) from Tether Inc. and other key shareholders for $1.2 billion on August 10, 2025. The shareholders of Northern Data would receive newly issued Class A shares of Rumble common stock in exchange for their Northern Data shares tendered in the Potential Offer. Each Northern Data shareholder that tenders its shares is expected to receive 2.319 newly issued Class A Rumble shares in exchange for each Northern Data share (with customary settlement mechanisms for fractional shares).The Potential Offer would result in approximately 33.3% total pro forma ownership in Rumble2 for Northern Data shareholders, assuming all outstanding Northern Data shares are tendered. The transaction is subject to approval of offer by acquirer board, consummation of due diligence investigation and definitive agreement, Tether and potentially other key shareholders entering into a sale and purchase agreement with Rumble with respect to its shares in Northern Data, on terms mutually acceptable to the respective parties; Tether agreeing to amend the shareholder loan granted to Northern Data on terms mutually acceptable to the parties; The management board and supervisory board of Northern Data agreeing to recommend to the shareholders of Northern Data that they tender their shares of Northern Data in the Potential Offer, if launched; and BaFin approving the prospectus relating to the public offer of shares of Rumble. Rumble’s Potential Offer assumes that Northern Data’s Peak Mining unit would be disposed prior to completion of a Potential Offer, with net proceeds from that transaction used to reduce existing loan that Tether has extended to Northern Data. Guggenheim Securities, LLC acted as financial advisor for Rumble Inc. Willkie Farr & Gallagher LLP acted as legal advisor for Rumble Inc.Buy Or Sell Opportunity • Aug 06Now 21% overvaluedOver the last 90 days, the stock has fallen 9.4% to €22.52. The fair value is estimated to be €18.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 143% in a year. Earnings are forecast to grow by 48% in the next year.Breakeven Date Change • Jun 05Forecast breakeven date pushed back to 2026The 6 analysts covering Northern Data previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of €24.1m in 2026. Average annual earnings growth of 80% is required to achieve expected profit on schedule.Breakeven Date Change • Apr 28Forecast breakeven date pushed back to 2026The 6 analysts covering Northern Data previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of €47.0m in 2026. Average annual earnings growth of 113% is required to achieve expected profit on schedule.お知らせ • Apr 14Northern Data AG, Annual General Meeting, May 21, 2025Northern Data AG, Annual General Meeting, May 21, 2025, at 10:00 W. Europe Standard Time.収支内訳Northern Data の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史BIT:1NB 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Dec 2580-4833031 Dec 24121-11010031 Dec 2378-1512031 Dec 22193-2665031 Dec 211902872031 Dec 2016-840030 Sep 2013-660030 Jun 2010-461031 Mar 2010-281031 Dec 1910-90030 Sep 197-90030 Jun 193-81031 Mar 193-71031 Dec 183-61030 Sep 182-41030 Jun 181-20031 Mar 181-10031 Dec 170-10031 Dec 160-110質の高い収益: 1NBは現在利益が出ていません。利益率の向上: 1NBは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 1NBは利益が出ておらず、過去 5 年間で損失は年間38.1%の割合で増加しています。成長の加速: 1NBの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: 1NBは利益が出ていないため、過去 1 年間の収益成長をSoftware業界 ( 11% ) と比較することは困難です。株主資本利益率高いROE: 1NBは現在利益が出ていないため、自己資本利益率 ( -109.16% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSoftware 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/19 21:16終値2026/06/19 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Northern Data AG 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関Michael RoostBaader Helvea Equity ResearchPeter RothenaicherBaader Helvea Equity ResearchGerhard OrgonasBerenberg4 その他のアナリストを表示
Reported Earnings • Mar 20Full year 2025 earnings released: €6.08 loss per share (vs €2.21 loss in FY 2024)Full year 2025 results: €6.08 loss per share (further deteriorated from €2.21 loss in FY 2024). Revenue: €83.3m (down 58% from FY 2024). Net loss: €482.7m (loss widened 279% from FY 2024). Revenue is forecast to grow 68% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in Italy. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • 21hNorthern Data AG Announces Resignation of Aroosh Thillainathan as Co-Chief Executive Officer, Effective June 17, 2026Northern Data AG announced that Aroosh Thillainathan, Co-Chief Executive Officer of the Company, sign an agreement for the termination of his executive service agreement by mutual consent. He tendered his resignation from the Management Board of the Company with effect from June 17, 2026.
お知らせ • Jun 19Northern Data AG Raises Earnings Guidance for the Full-Year of 2026Northern Data AG raised earnings guidance for the full-year of 2026. For the year, the company expects revenue to be between EUR 170 million to EUR 190 million, an increase from the prior expectation of EUR 130 million to EUR 150 million.
お知らせ • May 31Northern Data Ag Announces to Step Down of Elliot Jordan as Group Chief Financial Officer, Effective May 31, 2026Northern Data AG announced that Elliot Jordan would step down as Group Chief Financial Officer, with his departure effective May 31, 2026. Elliot Jordan would continue to work with Northern Data Group in an advisory capacity to ensure continuity across its financial operations and in connection with the Group’s ongoing business combination with Rumble.
お知らせ • May 06Northern Data to Terminate the Inclusion of the Shares in Trading on the Open Market Promptly Following the Closing of the Tender OfferRumble Inc. (“Rumble”) announced that the proposed business combination of Rumble and Northern Data AG (“Northern Data”) has obtained the final regulatory approval. On April 29, 2026, Rumble received notice that the United Arab Emirates Ministry of Economy had completed its review of the proposed transaction and granted the required approval. No other regulatory approvals will be required. The acceptance period ends on May 9, 2026 at 06:01 hrs (local time in Frankfurt am Main, Germany) /00:01 hrs (local time in New York), subject to any extension of the offer period and satisfaction or waiver of the conditions to the exchange offer. Assuming publication of the results of the exchange offer on May 13, 2026, an additional tender offer acceptance period is expected to begin on May 15, 2026, and expected to end on June 1, 2026, at 06:01 hrs (local time in Frankfurt am Main, Germany) /00:01 hrs (local time in New York). The exchange offer can no longer be accepted after expiry of the additional acceptance period. The exchange offer provides Northern Data shareholders with an opportunity to become stockholders directly in Rumble and thereby participate in the combined company's drive towards becoming a leading, independent force in AI computation, cloud infrastructure, and digital video innovation. Northern Data's Management Board and Supervisory Board unanimously recommend that shareholders accept the offer. Rumble will not enter into a domination and/or profit and loss transfer agreement for a period of at least three years after closing. The Management Board of Northern Data will terminate the inclusion of the Northern Data shares in trading on the open market promptly following the closing of the tender offer. A separate delisting offer will not be required. Northern Data shareholders who do not tender their shares will continue to hold shares of Northern Data following closing, and should be aware that the delisting will likely result in a significant reduction in liquidity and price transparency for Northern Data shares, and they may not be able to sell their shares as a result.
Breakeven Date Change • Apr 21Forecast to breakeven in 2027The 3 analysts covering Northern Data expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 74% to 2026. The company is expected to make a profit of €19.0m in 2027. Average annual earnings growth of 132% is required to achieve expected profit on schedule.
Reported Earnings • Mar 20Full year 2025 earnings released: €6.08 loss per share (vs €2.21 loss in FY 2024)Full year 2025 results: €6.08 loss per share (further deteriorated from €2.21 loss in FY 2024). Revenue: €83.3m (down 58% from FY 2024). Net loss: €482.7m (loss widened 279% from FY 2024). Revenue is forecast to grow 68% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in Italy. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
New Risk • Oct 24New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: €127m Forecast net loss in 3 years: €18m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (€18m net loss in 3 years).
New Risk • Aug 13New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: €127m Forecast net loss in 3 years: €7.5m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€1.0b). Currently unprofitable and not forecast to become profitable over next 3 years (€7.5m net loss in 3 years).
お知らせ • Aug 12Elektron Energy LP signed a letter of intent to acquire Peak Mining, LLC from Northern Data AG (DB:NB2) for approximately $240 million.Elektron Energy LP signed a letter of intent to acquire Peak Mining, LLC from Northern Data AG (DB:NB2) for approximately $240 million on August 11, 2025. The transaction consideration contemplates an all-cash offer of up to approximately $240 million, inclusive of approximately $180 million of upfront cash consideration with the remainder subject to certain key performance metrics and the successful transfer of a deposit agreement with a bitcoin miner hardware producer. Northern Data’s Ardent division retains the explicit right to participate in any potential High Performance Computing development of Corpus Christi II by Elektron. The transaction is expected to conclude in the second half of 2025 and is subject to customary closing conditions for a transaction of this type.
お知らせ • Aug 11Rumble Inc. (NasdaqGM:RUM) signed a letter of intent to acquire Northern Data AG (DB:NB2) from Tether Inc. and other key shareholders for $1.2 billion.Rumble Inc. (NasdaqGM:RUM) signed a letter of intent to acquire Northern Data AG (DB:NB2) from Tether Inc. and other key shareholders for $1.2 billion on August 10, 2025. The shareholders of Northern Data would receive newly issued Class A shares of Rumble common stock in exchange for their Northern Data shares tendered in the Potential Offer. Each Northern Data shareholder that tenders its shares is expected to receive 2.319 newly issued Class A Rumble shares in exchange for each Northern Data share (with customary settlement mechanisms for fractional shares).The Potential Offer would result in approximately 33.3% total pro forma ownership in Rumble2 for Northern Data shareholders, assuming all outstanding Northern Data shares are tendered. The transaction is subject to approval of offer by acquirer board, consummation of due diligence investigation and definitive agreement, Tether and potentially other key shareholders entering into a sale and purchase agreement with Rumble with respect to its shares in Northern Data, on terms mutually acceptable to the respective parties; Tether agreeing to amend the shareholder loan granted to Northern Data on terms mutually acceptable to the parties; The management board and supervisory board of Northern Data agreeing to recommend to the shareholders of Northern Data that they tender their shares of Northern Data in the Potential Offer, if launched; and BaFin approving the prospectus relating to the public offer of shares of Rumble. Rumble’s Potential Offer assumes that Northern Data’s Peak Mining unit would be disposed prior to completion of a Potential Offer, with net proceeds from that transaction used to reduce existing loan that Tether has extended to Northern Data. Guggenheim Securities, LLC acted as financial advisor for Rumble Inc. Willkie Farr & Gallagher LLP acted as legal advisor for Rumble Inc.
Buy Or Sell Opportunity • Aug 06Now 21% overvaluedOver the last 90 days, the stock has fallen 9.4% to €22.52. The fair value is estimated to be €18.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 143% in a year. Earnings are forecast to grow by 48% in the next year.
Breakeven Date Change • Jun 05Forecast breakeven date pushed back to 2026The 6 analysts covering Northern Data previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of €24.1m in 2026. Average annual earnings growth of 80% is required to achieve expected profit on schedule.
Breakeven Date Change • Apr 28Forecast breakeven date pushed back to 2026The 6 analysts covering Northern Data previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of €47.0m in 2026. Average annual earnings growth of 113% is required to achieve expected profit on schedule.
お知らせ • Apr 14Northern Data AG, Annual General Meeting, May 21, 2025Northern Data AG, Annual General Meeting, May 21, 2025, at 10:00 W. Europe Standard Time.