GDS Holdings Limited (GDS)
NASDAQ: GDS · Real-Time Price · USD
33.76
+0.28 (0.84%)
At close: Jun 11, 2026, 4:00 PM EDT
33.73
-0.03 (-0.09%)
After-hours: Jun 11, 2026, 5:24 PM EDT
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 | Mar '26 Mar 31, 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 |
| 12,076 | 11,432 | 10,322 | 9,782 | 9,268 | 7,819 | |
Revenue Growth (YoY) | 13.79% | 10.76% | 5.52% | 5.55% | 18.54% | 36.24% |
Cost of Revenue | 9,004 | 8,847 | 8,099 | 7,831 | 7,317 | 6,039 |
Gross Profit | 3,072 | 2,585 | 2,223 | 1,951 | 1,952 | 1,779 |
Selling, General & Admin | 989.53 | 1,047 | 1,034 | 1,107 | 1,194 | 1,171 |
Research & Development | 34.37 | 32.7 | 36.32 | 38.16 | 31.91 | 39.34 |
Other Operating Expenses | 1,561 | 1,561 | - | 3,013 | 12.76 | - |
Total Operating Expenses | 2,585 | 2,641 | 1,071 | 4,158 | 1,238 | 1,210 |
Operating Income | -290.01 | -55.75 | 1,152 | -2,207 | 713.23 | 569.52 |
Interest Income | - | 154.04 | 89.78 | 94.01 | 42.23 | 50.45 |
Interest Expense | -1,573 | -1,789 | -1,925 | -1,937 | -1,878 | -1,655 |
Other Non-Operating Income (Expense) | 1,432 | 2,404 | 68 | 108.16 | 294.37 | 86.02 |
Total Non-Operating Income (Expense) | -141 | 768.9 | -1,767 | -1,734 | -1,542 | -1,518 |
Pretax Income | 345.97 | 713.15 | -614.86 | -3,942 | -828.32 | -948.75 |
Provision for Income Taxes | 378.72 | 469.72 | 156.05 | -15.58 | 276.24 | 242.46 |
Net Income | -32.75 | 243.43 | -770.91 | -3,926 | -1,105 | -1,191 |
Minority Interest in Earnings | -2,868 | -706.21 | 119.34 | 4.66 | 193.87 | 78.83 |
Net Income Attributable to Preferred Dividends | 65.37 | 54.31 | 54.23 | 53.63 | 51.21 | 49.07 |
Earnings From Discontinued Operations | - | - | 8,277 | -718.39 | -161.57 | - |
Net Income to Common | 2,770 | 895.34 | 3,371 | -4,344 | -1,510 | -1,314 |
Net Income Growth | -38.17% | -73.44% | - | - | - | - |
Shares Outstanding (Basic) | 192 | 190 | 184 | 184 | 183 | 182 |
Shares Outstanding (Diluted) | 221 | 206 | 184 | 184 | 183 | 182 |
Shares Change (YoY) | 13.54% | 11.49% | 0.47% | 0.26% | 0.80% | 15.90% |
EPS (Basic) | 14.08 | 4.72 | 18.16 | -23.68 | -8.24 | -7.20 |
EPS (Diluted) | 10.80 | 4.40 | 18.16 | -23.68 | -8.24 | -7.20 |
EPS Growth | -54.08% | -75.77% | - | - | - | - |
Free Cash Flow | -1,338 | -1,326 | -1,231 | -1,129 | -3,057 | -8,499 |
Free Cash Flow Per Share | -6.06 | -6.45 | -6.68 | -6.15 | -16.70 | -46.80 |
Gross Margin | 25.44% | 22.62% | 21.53% | 19.95% | 21.06% | 22.76% |
Operating Margin | -2.40% | -0.49% | 11.16% | -22.56% | 7.70% | 7.28% |
Profit Margin | -0.27% | 2.13% | -7.47% | -40.13% | -11.92% | -15.24% |
FCF Margin | -11.08% | -11.60% | -11.93% | -11.54% | -32.98% | -108.70% |
EBITDA | 3,145 | 3,404 | 4,395 | 1,161 | 3,834 | 3,186 |
EBITDA Margin | 26.04% | 29.77% | 42.58% | 11.87% | 41.36% | 40.75% |
EBIT | -290.01 | -55.75 | 1,152 | -2,207 | 713.23 | 569.52 |
EBIT Margin | -2.40% | -0.49% | 11.16% | -22.56% | 7.70% | 7.28% |
Effective Tax Rate | 109.46% | 65.86% | -25.38% | 0.40% | -33.35% | -25.56% |