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VNET Group, Inc. (VNET)
NASDAQ: VNET · Real-Time Price · USD
7.01
-0.22 (-3.04%)
At close: Aug 6, 2026, 4:00 PM EDT
7.01
0.00 (0.00%)
After-hours: Aug 6, 2026, 4:10 PM EDT

VNET Group 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
5,3789,9498,2597,4137,0656,190
Revenue Growth
-20.46%11.41%4.92%14.14%28.18%
Gross Profit
2,2432,1921,8321,2921,3581,438
Operating Income
778.7780.3669.44-1,971121.1621.31
Net Income
-2,237-256.77183.2-2,644-775.95500.1
Earnings Per Share
-9.36-0.960.12-17.58-5.22-2.16
EPS Growth
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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
8,4905,9031,4922,6002,6611,372
Total Debt
29,77026,91518,09417,17214,76411,122
Net Cash (Debt)
-21,280-21,012-16,602-14,571-12,103-9,749
Net Cash Growth
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Net Cash Per Share
-77.01-78.20-57.17-97.02-81.89-64.17

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
1,8971,9192,0052,0632,4401,388
Capital Expenditures
-7,617-7,657-4,998-3,010-3,079-3,464
Free Cash Flow
-5,721-5,738-2,993-946.24-639.1-2,076
Free Cash Flow Growth
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Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
41.71%22.04%22.18%17.44%19.22%23.23%
Operating Margin
14.48%7.84%8.11%-26.59%1.71%0.34%
Pretax Margin
11.66%4.19%5.75%-33.54%-8.92%10.75%
Profit Margin
-6.78%-1.41%2.91%-35.08%-10.81%8.95%
FCF Margin
-106.36%-57.67%-36.24%-12.76%-9.05%-33.53%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
--288.31---
Forward PE
-235.0044.60184.90124.55124.55
PS Ratio
1.331.611.150.710.821.37