Skip to main content
logo
VNET Group, Inc. (VNET)
NASDAQ: VNET · Real-Time Price · USD
5.13
-0.42 (-7.57%)
At close: Oct 2, 2026, 4:00 PM EDT
5.16
+0.03 (0.58%)
After-hours: Oct 2, 2026, 7:53 PM EDT

VNET Group 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
10,7399,9498,2597,4137,0656,190
Revenue Growth
18.69%20.46%11.41%4.92%14.14%28.18%
Gross Profit
2,2002,1921,8321,2921,3581,438
Operating Income
834.93780.3669.44-100.02121.16133.39
Net Income
-2,381-256.77168.12-2,644-775.95494.27
Earnings Per Share
-8.69-0.960.14-17.60-5.25-2.14
EPS Growth
------

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
6,7215,9901,5462,6342,7211,441
Total Debt
30,98428,53018,45017,52814,76411,122
Net Cash (Debt)
-24,263-22,540-16,903-14,893-12,043-9,681
Net Cash Growth
------
Net Cash Per Share
-88.54-83.88-58.21-99.16-81.48-63.72

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
1,7481,9192,0052,0632,4401,388
Capital Expenditures
-7,260-7,657-4,924-2,967-2,996-2,692
Free Cash Flow
-5,512-5,738-2,918-903.97-555.39-1,304
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
20.49%22.04%22.18%17.44%19.23%23.23%
Operating Margin
7.78%7.84%8.11%-1.35%1.71%2.15%
Pretax Margin
5.03%4.26%5.84%-33.49%-8.90%10.12%
Profit Margin
-22.18%-2.58%2.04%-35.66%-10.98%7.99%
FCF Margin
-51.33%-57.67%-35.34%-12.19%-7.86%-21.07%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
--54.94--16.91
Forward PE
-235.0044.60184.90124.55124.55
PS Ratio
0.921.601.120.710.821.35