Skip to main content
logo
GDS Holdings Limited (HKG:9698)
Hong Kong flag Hong Kong · Delayed Price · Currency is HKD
31.10
+2.70 (9.51%)
Jul 31, 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 EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
12,07611,43210,3229,7829,2687,819
Revenue Growth
13.79%10.76%5.52%5.55%18.54%36.24%
Gross Profit
3,0722,5852,2231,9511,9511,779
Operating Income
2,0481,5051,148802.22725.99569.52
Net Income
2,770895.343,349-4,344-1,510-1,314
Earnings Per Share
13.224.4018.16-23.67-8.25-7.23
EPS Growth
-45.20%-75.77%----

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
14,82214,9747,8687,3558,6089,968
Total Debt
47,18647,52444,46044,02444,68537,790
Net Cash (Debt)
-32,364-32,550-36,592-36,669-36,077-27,822
Net Cash Growth
------
Net Cash Per Share
-152.03-158.34-198.45-199.81-197.08-153.19

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
3,0333,3651,9382,0652,8101,201
Capital Expenditures
-4,454-4,693-3,254-3,426-8,154-9,880
Free Cash Flow
-1,421-1,328-1,316-1,361-5,344-8,679
Free Cash Flow Growth
------

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
25.44%22.61%21.53%19.95%21.06%22.76%
Operating Margin
16.96%13.17%11.12%8.20%7.83%7.28%
Pretax Margin
26.71%12.50%-5.96%-40.29%-8.94%-12.13%
Profit Margin
22.94%7.83%32.44%-44.40%-16.29%-16.80%
FCF Margin
-11.77%-11.62%-12.75%-13.91%-57.66%-111.00%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
15.9654.6310.07---
PS Ratio
3.664.283.271.262.927.16