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GDS Holdings Limited (HKG:9698)
Hong Kong flag Hong Kong · Delayed Price · Currency is HKD
33.32
+0.08 (0.24%)
Aug 21, 2026, 4:08 PM HKT

GDS Holdings Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
12,26411,43210,3229,7829,2687,819
Revenue Growth
12.17%10.76%5.52%5.55%18.54%36.24%
Gross Profit
3,0722,5852,2231,9511,9511,779
Operating Income
2,0731,5051,148802.22725.99569.52
Net Income
3,659895.343,349-4,344-1,510-1,314
Earnings Per Share
16.624.4018.16-23.67-8.25-7.23
EPS Growth
-33.01%-75.77%----

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
14,92714,9747,8687,3558,6089,968
Total Debt
47,37847,52444,46044,02444,68537,790
Net Cash (Debt)
-32,451-32,550-36,592-36,669-36,077-27,822
Net Cash Growth
------
Net Cash Per Share
-142.03-158.34-198.45-199.81-197.08-153.19

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
3,5843,3651,9382,0652,8101,201
Capital Expenditures
-4,439-4,693-3,254-3,426-8,154-9,880
Free Cash Flow
-854.77-1,328-1,316-1,361-5,344-8,679
Free Cash Flow Growth
------

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
25.05%22.61%21.53%19.95%21.06%22.76%
Operating Margin
16.90%13.17%11.12%8.20%7.83%7.28%
Pretax Margin
34.92%12.50%-5.96%-40.29%-8.94%-12.13%
Profit Margin
29.83%7.83%32.44%-44.40%-16.29%-16.80%
FCF Margin
-6.97%-11.62%-12.75%-13.91%-57.66%-111.00%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
12.2254.6310.07---
PS Ratio
3.644.283.271.262.927.16