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 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 | 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 |
| 10,739 | 9,949 | 8,259 | 7,413 | 7,065 | 6,190 | |
Revenue Growth | 18.69% | 20.46% | 11.41% | 4.92% | 14.14% | 28.18% |
Cost of Revenue | 8,538 | 7,757 | 6,427 | 6,120 | 5,707 | 4,752 |
Gross Profit | 2,200 | 2,192 | 1,832 | 1,292 | 1,358 | 1,438 |
Selling, General & Admin | 989.27 | 1,076 | 922.79 | 808.06 | 954.86 | 1,098 |
Research & Development | 299.55 | 261.13 | 246.61 | 322.22 | 306.84 | 188.49 |
Other Operating Expenses | -67.41 | -27.76 | -114.59 | -106.27 | -60.01 | - |
Operating Expenses | 1,366 | 1,412 | 1,163 | 1,393 | 1,237 | 1,305 |
Operating Income | 834.93 | 780.3 | 669.44 | -100.02 | 121.16 | 133.39 |
Interest Expense | -766.01 | -598.63 | -400.98 | -312.17 | -273.31 | -334.95 |
Interest & Investment Income | 40.75 | 37.36 | 27.96 | 41.8 | 31.57 | 31.9 |
Earnings From Equity Investments | -12.97 | 6.88 | 7.97 | 3.28 | 1.93 | -38.67 |
Currency Exchange Gain (Loss) | 60.93 | 5.52 | -19.24 | -78.97 | -523.24 | 110.04 |
Other Non Operating Income (Expenses) | -87.68 | -277.19 | -48.67 | -154.67 | 13.36 | 11.22 |
EBT Excluding Unusual Items | 69.95 | -45.75 | 236.48 | -600.75 | -628.53 | -87.07 |
Impairment of Goodwill | - | - | - | -1,364 | - | - |
Gain (Loss) on Sale of Investments | - | - | - | -11.17 | - | -6.3 |
Gain (Loss) on Sale of Assets | 469.84 | 469.84 | - | - | - | - |
Asset Writedown | - | - | - | -506.69 | - | -109.27 |
Other Unusual Items | - | - | 246.18 | - | - | 829.15 |
Pretax Income | 539.79 | 424.09 | 482.65 | -2,483 | -628.53 | 626.51 |
Income Tax Expense | 954.4 | 557.51 | 234.23 | 114.37 | 133.46 | 111.41 |
Earnings From Continuing Operations | -414.61 | -133.42 | 248.42 | -2,597 | -761.99 | 515.1 |
Minority Interest in Earnings | -255.19 | -118.42 | -65.22 | -46.67 | -13.96 | -15 |
Net Income | -669.81 | -251.84 | 183.2 | -2,644 | -775.95 | 500.1 |
Preferred Dividends & Other Adjustments | 1,712 | 4.93 | 15.08 | - | - | 5.83 |
Net Income to Common | -2,381 | -256.77 | 168.12 | -2,644 | -775.95 | 494.27 |
Net Income Growth | - | - | - | - | - | - |
Shares Outstanding (Basic) | 274 | 269 | 266 | 150 | 148 | 144 |
Shares Outstanding (Diluted) | 274 | 269 | 290 | 150 | 148 | 152 |
Shares Change | -6.39% | -7.46% | 93.35% | 1.62% | -2.72% | 27.16% |
EPS (Basic) | -8.69 | -0.96 | 0.63 | -17.60 | -5.25 | 3.43 |
EPS (Diluted) | -8.69 | -0.96 | 0.14 | -17.60 | -5.25 | -2.14 |
EPS Growth | - | - | - | - | - | - |
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 |
Free Cash Flow | -5,512 | -5,738 | -2,918 | -903.97 | -555.39 | -1,304 |
Free Cash Flow Per Share | -20.11 | -21.35 | -10.05 | -6.02 | -3.76 | -8.58 |
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% |
Profit Margin | -22.18% | -2.58% | 2.04% | -35.66% | -10.98% | 7.99% |
Free Cash Flow Margin | -51.33% | -57.67% | -35.34% | -12.19% | -7.86% | -21.07% |
EBITDA | 3,281 | 2,883 | 2,250 | 1,691 | 1,717 | 1,401 |
EBITDA Margin | 30.55% | 28.97% | 27.25% | 22.81% | 24.30% | 22.63% |
D&A For EBITDA | 2,446 | 2,102 | 1,581 | 1,791 | 1,596 | 1,268 |
EBIT | 834.93 | 780.3 | 669.44 | -100.02 | 121.16 | 133.39 |
EBIT Margin | 7.78% | 7.84% | 8.11% | -1.35% | 1.71% | 2.15% |
Effective Tax Rate | 176.81% | 131.46% | 48.53% | - | - | 17.78% |
Advertising Expenses | - | 9.77 | 9.36 | 9.83 | 6.83 | 7.27 |