VNET Group, Inc. (VNET)
NASDAQ: VNET · Real-Time Price · USD
6.72
+0.07 (1.05%)
At close: Aug 21, 2026, 4:00 PM EDT
6.75
+0.03 (0.39%)
After-hours: Aug 21, 2026, 7:57 PM EDT
VNET Group Balance Sheet
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Assets
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 |
Cash & Equivalents | 6,721 | 5,524 | 1,492 | 2,244 | 2,661 | 1,372 |
Short-Term Investments | - | 466.04 | 53.95 | 390.76 | 59.65 | 68.89 |
Cash & Short-Term Investments | 6,721 | 5,990 | 1,546 | 2,634 | 2,721 | 1,441 |
Cash Growth | 61.46% | 287.33% | -41.30% | -3.19% | 88.78% | -52.40% |
Accounts Receivable | 3,146 | 2,223 | 1,656 | 1,716 | 1,765 | 1,425 |
Other Receivables | - | 1,526 | 1,581 | 1,127 | 770.71 | 1,114 |
Receivables | 3,146 | 3,829 | 3,355 | 2,907 | 2,914 | 2,556 |
Prepaid Expenses | 2,418 | 876.94 | 1,270 | 1,345 | 988.47 | 942.99 |
Restricted Cash | 477.33 | 656.01 | 545.8 | 2,855 | 327.67 | 327.77 |
Other Current Assets | - | 99.93 | 102.69 | 82.93 | 101.08 | 55.55 |
Total Current Assets | 12,762 | 11,452 | 6,820 | 9,823 | 7,052 | 5,324 |
Property, Plant & Equipment | 30,623 | 27,647 | 21,835 | 17,037 | 15,468 | 12,962 |
Long-Term Investments | 1,005 | 1,063 | 794.69 | 757.95 | 242.19 | 98.24 |
Goodwill | - | - | - | - | 1,364 | 1,340 |
Other Intangible Assets | 3,167 | 2,872 | 2,170 | 1,986 | 2,073 | 1,238 |
Long-Term Deferred Tax Assets | 251.33 | 251.57 | 306.62 | 247.64 | 196.1 | 168 |
Other Long-Term Assets | 1,704 | 1,309 | 430.74 | 534.2 | 552.07 | 1,966 |
Total Assets | 49,512 | 44,594 | 32,357 | 30,386 | 26,948 | 23,095 |
Liabilities
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 |
Accounts Payable | 749.95 | 741.88 | 709.26 | 696.18 | 720.03 | 500.94 |
Accrued Expenses | 5,064 | 1,189 | 903.4 | 971.41 | 767.77 | 489.01 |
Short-Term Debt | 2,126 | 2,787 | 944.56 | 386.07 | - | - |
Current Portion of Long-Term Debt | 2,410 | 2,059 | 1,420 | 4,932 | 1,022 | 384.16 |
Current Portion of Leases | 1,306 | 1,320 | 1,108 | 895.97 | 880.55 | 852.03 |
Current Income Taxes Payable | 229.69 | 154.34 | 69.57 | 35.2 | 42.02 | 43.77 |
Current Unearned Revenue | 198.89 | 189.73 | 94.56 | 103.54 | 98.72 | 57.77 |
Other Current Liabilities | 1,029 | 4,005 | 4,094 | 3,417 | 2,801 | 2,852 |
Total Current Liabilities | 13,113 | 12,447 | 9,343 | 11,437 | 6,332 | 5,180 |
Long-Term Debt | 19,239 | 16,718 | 9,665 | 6,883 | 8,909 | 6,482 |
Long-Term Leases | 5,903 | 5,645 | 5,312 | 4,430 | 3,953 | 3,404 |
Long-Term Unearned Revenue | 242.12 | 260.27 | 273.82 | 145.11 | 2.67 | 2.29 |
Long-Term Deferred Tax Liabilities | 876.41 | 840.39 | 734.4 | 688.36 | 682.58 | 348.4 |
Other Long-Term Liabilities | 118.73 | 118.73 | 107.85 | 287.16 | 87.17 | 77.57 |
Total Liabilities | 39,492 | 36,030 | 25,436 | 23,872 | 19,967 | 15,494 |
Shareholders' Equity
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 |
Common Stock | 0.12 | 0.11 | 0.11 | 0.11 | 0.06 | 0.06 |
Additional Paid-In Capital | 17,608 | 17,360 | 17,299 | 17,291 | 15,240 | 15,198 |
Retained Earnings | -13,383 | -11,009 | -10,753 | -10,936 | -8,292 | -7,516 |
Treasury Stock | -179.09 | -179.09 | -161.89 | -326.95 | -349.52 | -349.52 |
Comprehensive Income & Other | 30.29 | 46.38 | -18.5 | -14.34 | 11.02 | -90.44 |
Total Common Equity | 4,075 | 6,218 | 6,366 | 6,014 | 6,610 | 7,242 |
Minority Interest | 5,945 | 2,346 | 554.92 | 499.97 | 372.24 | 358.77 |
Shareholders' Equity | 10,020 | 8,564 | 6,921 | 6,514 | 6,982 | 7,601 |
Total Liabilities & Equity | 49,512 | 44,594 | 32,357 | 30,386 | 26,948 | 23,095 |
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 |
Total Debt | 30,984 | 28,530 | 18,450 | 17,528 | 14,764 | 11,122 |
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 |
Filing Date Shares Outstanding | 283.67 | 284.69 | 269.03 | 263.21 | 148.45 | 148.02 |
Total Common Shares Outstanding | 283.67 | 270.49 | 268.93 | 257.4 | 148.45 | 148.02 |
Working Capital | -350.6 | -995.35 | -2,523 | -1,614 | 720.19 | 144.13 |
Book Value Per Share | 14.37 | 22.99 | 23.67 | 23.37 | 44.52 | 48.93 |
Tangible Book Value | 908.28 | 3,346 | 4,196 | 4,029 | 3,172 | 4,665 |
Tangible Book Value Per Share | 3.20 | 12.37 | 15.60 | 15.65 | 21.37 | 31.52 |
Machinery | - | 14,939 | 9,582 | 7,890 | 6,696 | 5,136 |
Construction In Progress | - | 2,251 | 4,529 | 3,444 | 2,770 | 3,239 |
Leasehold Improvements | - | 7,018 | 6,040 | 5,821 | 4,819 | 3,303 |