VNET Group, Inc. (VNET)
NASDAQ: VNET · Real-Time Price · USD
8.91
-0.03 (-0.34%)
At close: Nov 26, 2025, 4:00 PM EST
8.99
+0.08 (0.89%)
After-hours: Nov 26, 2025, 7:59 PM EST
VNET Group Income Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| 9,509 | 8,259 | 7,413 | 7,065 | 6,190 | 4,829 | Upgrade | |
Revenue Growth (YoY) | 20.19% | 11.41% | 4.92% | 14.14% | 28.18% | 27.45% | Upgrade |
Cost of Revenue | 7,352 | 6,427 | 6,120 | 5,707 | 4,752 | 3,753 | Upgrade |
Gross Profit | 2,157 | 1,832 | 1,292 | 1,358 | 1,438 | 1,076 | Upgrade |
Selling, General & Admin | 1,050 | 922.79 | 808.06 | 954.86 | 1,098 | 770.12 | Upgrade |
Research & Development | 238.57 | 246.61 | 322.22 | 306.84 | 188.49 | 112.89 | Upgrade |
Other Operating Expenses | -111.95 | -114.59 | -106.27 | -60.01 | - | -7.62 | Upgrade |
Operating Expenses | 1,293 | 1,163 | 1,393 | 1,237 | 1,305 | 877.79 | Upgrade |
Operating Income | 864.29 | 669.44 | -100.02 | 121.16 | 133.39 | 198.22 | Upgrade |
Interest Expense | -486.3 | -400.98 | -312.17 | -273.31 | -334.95 | -380.61 | Upgrade |
Interest & Investment Income | 38.51 | 27.96 | 41.8 | 31.57 | 31.9 | 31.71 | Upgrade |
Earnings From Equity Investments | 6.37 | 7.97 | 3.28 | 1.93 | -38.67 | 10.87 | Upgrade |
Currency Exchange Gain (Loss) | 33.63 | -19.24 | -78.97 | -523.24 | 110.04 | 228.13 | Upgrade |
Other Non Operating Income (Expenses) | -606.57 | 25.44 | 11.26 | -9.27 | 11.22 | -20.37 | Upgrade |
EBT Excluding Unusual Items | -150.08 | 310.59 | -434.82 | -651.16 | -87.07 | 67.95 | Upgrade |
Impairment of Goodwill | - | - | -1,364 | - | - | - | Upgrade |
Gain (Loss) on Sale of Investments | - | - | -11.17 | - | -6.3 | -13.03 | Upgrade |
Asset Writedown | - | - | -506.69 | - | -109.27 | -81.62 | Upgrade |
Other Unusual Items | -74.11 | 172.06 | -165.93 | 22.63 | 829.15 | -2,544 | Upgrade |
Pretax Income | -224.19 | 482.65 | -2,483 | -628.53 | 626.51 | -2,571 | Upgrade |
Income Tax Expense | 251.12 | 234.23 | 114.37 | 133.46 | 111.41 | 109.34 | Upgrade |
Earnings From Continuing Operations | -475.31 | 248.42 | -2,597 | -761.99 | 515.1 | -2,680 | Upgrade |
Minority Interest in Earnings | -92.3 | -65.22 | -46.67 | -13.96 | -15 | -29.09 | Upgrade |
Net Income | -567.61 | 183.2 | -2,644 | -775.95 | 500.1 | -2,709 | Upgrade |
Preferred Dividends & Other Adjustments | 15.17 | 15.08 | - | - | 5.83 | 493.45 | Upgrade |
Net Income to Common | -582.78 | 168.12 | -2,644 | -775.95 | 494.27 | -3,203 | Upgrade |
Shares Outstanding (Basic) | 268 | 266 | 150 | 148 | 144 | 119 | Upgrade |
Shares Outstanding (Diluted) | 268 | 290 | 150 | 148 | 152 | 119 | Upgrade |
Shares Change (YoY) | 12.92% | 93.35% | 1.62% | -2.72% | 27.16% | 7.18% | Upgrade |
EPS (Basic) | -2.17 | 0.63 | -17.60 | -5.25 | 3.43 | -26.81 | Upgrade |
EPS (Diluted) | -2.17 | 0.14 | -17.60 | -5.25 | -2.14 | -26.82 | Upgrade |
Free Cash Flow | -2,505 | -2,918 | -903.97 | -555.39 | -1,304 | -1,759 | Upgrade |
Free Cash Flow Per Share | -9.33 | -10.05 | -6.02 | -3.76 | -8.58 | -14.72 | Upgrade |
Gross Margin | 22.68% | 22.18% | 17.44% | 19.23% | 23.23% | 22.28% | Upgrade |
Operating Margin | 9.09% | 8.11% | -1.35% | 1.71% | 2.15% | 4.11% | Upgrade |
Profit Margin | -6.13% | 2.04% | -35.66% | -10.98% | 7.99% | -66.32% | Upgrade |
Free Cash Flow Margin | -26.35% | -35.34% | -12.19% | -7.86% | -21.07% | -36.43% | Upgrade |
EBITDA | 3,032 | 2,268 | 1,707 | 1,717 | 1,401 | 1,187 | Upgrade |
EBITDA Margin | 31.88% | 27.46% | 23.03% | 24.30% | 22.63% | 24.59% | Upgrade |
D&A For EBITDA | 2,167 | 1,598 | 1,807 | 1,596 | 1,268 | 988.98 | Upgrade |
EBIT | 864.29 | 669.44 | -100.02 | 121.16 | 133.39 | 198.22 | Upgrade |
EBIT Margin | 9.09% | 8.11% | -1.35% | 1.71% | 2.15% | 4.11% | Upgrade |
Effective Tax Rate | - | 48.53% | - | - | 17.78% | - | Upgrade |
Advertising Expenses | - | 9.36 | 9.83 | 6.83 | 7.27 | 7.78 | Upgrade |
Updated Nov 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.