View Future GrowthNorthern Data 과거 순이익 실적과거 기준 점검 0/6Northern Data 의 수입은 연평균 -38.1%의 비율로 감소해 온 반면, Software 산업은 연평균 22.7%의 비율로 감소했습니다. 매출은 연평균 0.1%의 비율로 감소해 왔습니다.핵심 정보-38.10%순이익 성장률-17.08%주당순이익(EPS) 성장률Software 산업 성장률10.11%매출 성장률-0.098%자기자본이익률-109.16%순이익률-603.09%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported 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.모든 업데이트 보기Recent updates공시 • 18hNorthern 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.공시 • 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.공시 • 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.공시 • 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).공시 • 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.공시 • 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.공시 • 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.매출 및 비용 세부 내역Northern Data가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이BIT:1NB 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 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 160-110양질의 수익: 1NB 은(는) 현재 수익성이 없습니다.이익 마진 증가: 1NB는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 1NB은 수익성이 없으며 지난 5년 동안 손실이 연평균 38.1% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 1NB의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 1NB은 수익성이 없어 지난 해 수익 성장률을 Software 업계(11%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 1NB는 현재 수익성이 없으므로 자본 수익률이 음수(-109.16%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/19 17:31종가2026/06/19 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Northern Data AG는 7명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Michael RoostBaader Helvea Equity ResearchPeter RothenaicherBaader Helvea Equity ResearchGerhard OrgonasBerenberg4명의 분석가 더 보기
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.
공시 • 18hNorthern 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.
공시 • 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.
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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.