VNET
VNET Group, Inc.
NASDAQ · Technology · Information Technology Services · CN
$6.37
+3.58%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 10.7B | 9.7B | 8.3B | 7.4B | 7.2B |
| Cost of Revenue | 8.5B | 7.5B | 6.4B | 6.1B | 5.9B |
| Gross Profit | 2.2B | 2.1B | 1.8B | 1.3B | 1.3B |
| Operating Expenses | |||||
| R&D Expense | 298.2M | 254.0M | 246.6M | 322.2M | 306.8M |
| SG&A Expense | 1.0B | 1.1B | 922.8M | 808.1M | 954.9M |
| General & Admin Expense | 348.1M | — | 659.0M | 541.9M | 642.9M |
| Selling & Marketing Expense | 125.0M | — | 263.8M | 266.2M | 311.9M |
| Other Expenses | 94.7M | — | (6.7M) | 2.1B | (24.6M) |
| Total Operating Expenses | 1.4B | 1.4B | 1.2B | 3.3B | 1.2B |
| Cost and Expenses | 9.9B | 8.9B | 7.6B | 9.4B | 7.1B |
| Operating Income (EBIT) | 764.2M | 732.0M | 669.4M | (2.0B) | 62.2M |
| Non-Operating | |||||
| Interest Income | 40.6M | 36.3M | 28.0M | 41.8M | 31.6M |
| Interest Expense | 762.8M | 582.3M | 401.0M | 312.2M | 273.3M |
| Net Interest Income | (722.2M) | (546.0M) | (373.0M) | (270.4M) | (241.7M) |
| Other Non-Op Income/Expense | (233.2M) | (319.5M) | (186.8M) | (511.9M) | (701.8M) |
| Non-Operating Income (excl Interest) | (493.8M) | (262.8M) | (214.2M) | 203.0M | 428.5M |
| EBT (Pre-Tax Income) | 530.9M | 412.5M | 482.7M | (2.5B) | (639.6M) |
| Income Tax Expense | 948.8M | 542.3M | 234.2M | 114.4M | 135.8M |
| Bottom Line | |||||
| Net Income | (2.4B) | (249.8M) | 183.2M | (2.6B) | (789.6M) |
| Earnings from Cont. Ops | (417.8M) | (129.8M) | 248.4M | (2.6B) | (775.4M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (2.4B) | (249.8M) | 183.2M | (2.6B) | (789.6M) |
| Per Share | |||||
| Basic EPS | ($8.67) | ($0.90) | $0.66 | ($17.58) | ($5.16) |
| Diluted EPS | ($8.85) | ($0.90) | $0.66 | ($17.58) | ($5.16) |
| Revenue Per Share | $37.65 | $36.02 | $31.10 | $49.36 | $48.64 |
| Shares | |||||
| Basic Shares Outstanding | 283.7M | 268.7M | 265.6M | 150.2M | 147.8M |
| Diluted Shares Outstanding | 283.7M | 268.7M | 290.4M | 150.2M | 147.8M |
| Profitability Metrics | |||||
| EBITDA | 3.7B | 3.0B | 2.4B | (366.6M) | 1.2B |
| D&A | 2.5B | 2.0B | 1.5B | 1.8B | 1.6B |
| EBIT | 1.3B | 994.9M | 883.6M | (2.2B) | (366.3M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026