GDS Holdings Limited (HKG:9698)
Hong Kong · Delayed Price · Currency is HKD 33.32
+0.08 (0.24%)
Aug 21, 2026, 4:08 PM HKT
GDS Holdings Income Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 12,264 | 11,432 | 10,322 | 9,782 | 9,268 | 7,819 | |
Revenue Growth | 12.17% | 10.76% | 5.52% | 5.55% | 18.54% | 36.24% |
Cost of Revenue | 9,192 | 8,847 | 8,099 | 7,831 | 7,317 | 6,039 |
Gross Profit | 3,072 | 2,585 | 2,223 | 1,951 | 1,951 | 1,779 |
Selling, General & Admin | 966.22 | 1,047 | 1,034 | 1,107 | 1,194 | 1,171 |
Research & Development | 32.61 | 32.7 | 36.32 | 38.16 | 31.91 | 39.34 |
Operating Expenses | 998.82 | 1,080 | 1,075 | 1,149 | 1,226 | 1,210 |
Operating Income | 2,073 | 1,505 | 1,148 | 802.22 | 725.99 | 569.52 |
Interest Expense | -1,689 | -1,789 | -1,925 | -1,937 | -1,878 | -1,655 |
Interest & Investment Income | 154.04 | 154.04 | 89.78 | 94.01 | 42.23 | 50.45 |
Earnings From Equity Investments | 4,582 | 1,432 | -0.35 | 0.11 | -9.93 | -0.97 |
Currency Exchange Gain (Loss) | -1.25 | 1.49 | 18.94 | -1.57 | -11.1 | -7.64 |
Other Non Operating Income (Expenses) | -581.24 | -677.76 | 53.6 | 113.59 | 110.4 | 87.62 |
EBT Excluding Unusual Items | 4,537 | 626.21 | -614.86 | -928.18 | -1,021 | -955.76 |
Gain (Loss) on Sale of Assets | 1,307 | 2,364 | - | - | - | - |
Asset Writedown | -1,561 | -1,561 | - | -3,013 | -12.76 | - |
Other Unusual Items | - | - | - | - | 205 | 7.01 |
Pretax Income | 4,283 | 1,429 | -614.86 | -3,942 | -828.32 | -948.75 |
Income Tax Expense | 527.4 | 469.72 | 156.05 | -15.58 | 276.24 | 242.46 |
Earnings From Continuing Operations | 3,756 | 959.36 | -770.91 | -3,926 | -1,105 | -1,191 |
Earnings From Discontinued Operations | - | - | 4,203 | -359.01 | -161.57 | - |
Net Income to Company | 3,756 | 959.36 | 3,432 | -4,285 | -1,266 | -1,191 |
Minority Interest in Earnings | -12.8 | -9.72 | -6.21 | -5.03 | -192.56 | -73.65 |
Net Income | 3,743 | 949.64 | 3,425 | -4,290 | -1,459 | -1,265 |
Preferred Dividends & Other Adjustments | 84.14 | 54.31 | 76.53 | 53.63 | 51.21 | 49.07 |
Net Income to Common | 3,659 | 895.34 | 3,349 | -4,344 | -1,510 | -1,314 |
Net Income Growth | -20.65% | -73.26% | - | - | - | - |
Shares Outstanding (Basic) | 194 | 190 | 184 | 184 | 183 | 182 |
Shares Outstanding (Diluted) | 228 | 206 | 184 | 184 | 183 | 182 |
Shares Change | 16.20% | 11.49% | 0.47% | 0.26% | 0.79% | 15.90% |
EPS (Basic) | 18.86 | 4.71 | 18.16 | -23.67 | -8.25 | -7.23 |
EPS (Diluted) | 16.62 | 4.40 | 18.16 | -23.67 | -8.25 | -7.23 |
EPS Growth | -33.01% | -75.77% | - | - | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -854.77 | -1,328 | -1,316 | -1,361 | -5,344 | -8,679 |
Free Cash Flow Per Share | -3.74 | -6.46 | -7.14 | -7.41 | -29.19 | -47.79 |
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% |
Profit Margin | 29.83% | 7.83% | 32.44% | -44.40% | -16.29% | -16.80% |
Free Cash Flow Margin | -6.97% | -11.62% | -12.75% | -13.91% | -57.66% | -111.00% |
EBITDA | 5,502 | 4,964 | 4,390 | 4,170 | 3,846 | 3,161 |
EBITDA Margin | 44.86% | 43.42% | 42.53% | 42.63% | 41.50% | 40.44% |
D&A For EBITDA | 3,429 | 3,459 | 3,242 | 3,368 | 3,120 | 2,592 |
EBIT | 2,073 | 1,505 | 1,148 | 802.22 | 725.99 | 569.52 |
EBIT Margin | 16.90% | 13.17% | 11.12% | 8.20% | 7.83% | 7.28% |
Effective Tax Rate | 12.31% | 32.87% | - | - | - | - |
Advertising Expenses | - | - | - | - | - | 15.04 |