VNET Group, Inc. (VNET)
NASDAQ: VNET · Real-Time Price · USD
8.50
-0.34 (-3.85%)
At close: Apr 28, 2026, 4:00 PM EDT
8.51
+0.01 (0.12%)
After-hours: Apr 28, 2026, 7:50 PM EDT
VNET Group Income Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | 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 | 2020 - 2016 |
| Revenue | 9,949 | 8,259 | 7,413 | 7,065 | 6,190 | Upgrade
|
| Revenue Growth (YoY) | 20.46% | 11.41% | 4.92% | 14.14% | 28.18% | Upgrade
|
| Cost of Revenue | 7,757 | 6,427 | 6,120 | 5,707 | 4,752 | Upgrade
|
| Gross Profit | 2,192 | 1,832 | 1,292 | 1,358 | 1,438 | Upgrade
|
| Selling, General & Admin | 1,076 | 922.79 | 808.06 | 954.86 | 1,098 | Upgrade
|
| Research & Development | 261.13 | 246.61 | 322.22 | 306.84 | 188.49 | Upgrade
|
| Other Operating Expenses | -27.76 | -114.59 | -106.27 | -60.01 | - | Upgrade
|
| Operating Expenses | 1,412 | 1,163 | 1,393 | 1,237 | 1,305 | Upgrade
|
| Operating Income | 780.3 | 669.44 | -100.02 | 121.16 | 133.39 | Upgrade
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| Interest Expense | -598.63 | -400.98 | -312.17 | -273.31 | -334.95 | Upgrade
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| Interest & Investment Income | 37.36 | 27.96 | 41.8 | 31.57 | 31.9 | Upgrade
|
| Earnings From Equity Investments | 6.88 | 7.97 | 3.28 | 1.93 | -38.67 | Upgrade
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| Currency Exchange Gain (Loss) | 5.52 | -19.24 | -78.97 | -523.24 | 110.04 | Upgrade
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| Other Non Operating Income (Expenses) | 37.14 | 25.44 | 11.26 | -9.27 | 11.22 | Upgrade
|
| EBT Excluding Unusual Items | 268.58 | 310.59 | -434.82 | -651.16 | -87.07 | Upgrade
|
| Impairment of Goodwill | - | - | -1,364 | - | - | Upgrade
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| Gain (Loss) on Sale of Investments | - | - | -11.17 | - | -6.3 | Upgrade
|
| Gain (Loss) on Sale of Assets | 469.84 | - | - | - | - | Upgrade
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| Asset Writedown | - | - | -506.69 | - | -109.27 | Upgrade
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| Other Unusual Items | -314.33 | 172.06 | -165.93 | 22.63 | 829.15 | Upgrade
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| Pretax Income | 424.09 | 482.65 | -2,483 | -628.53 | 626.51 | Upgrade
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| Income Tax Expense | 557.51 | 234.23 | 114.37 | 133.46 | 111.41 | Upgrade
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| Earnings From Continuing Operations | -133.42 | 248.42 | -2,597 | -761.99 | 515.1 | Upgrade
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| Minority Interest in Earnings | -118.42 | -65.22 | -46.67 | -13.96 | -15 | Upgrade
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| Net Income | -251.84 | 183.2 | -2,644 | -775.95 | 500.1 | Upgrade
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| Preferred Dividends & Other Adjustments | 4.93 | 15.08 | - | - | 5.83 | Upgrade
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| Net Income to Common | -256.77 | 168.12 | -2,644 | -775.95 | 494.27 | Upgrade
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| Shares Outstanding (Basic) | 269 | 266 | 150 | 148 | 144 | Upgrade
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| Shares Outstanding (Diluted) | 269 | 290 | 150 | 148 | 152 | Upgrade
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| Shares Change (YoY) | -7.46% | 93.35% | 1.62% | -2.72% | 27.16% | Upgrade
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| EPS (Basic) | -0.96 | 0.63 | -17.60 | -5.25 | 3.43 | Upgrade
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| EPS (Diluted) | -0.96 | 0.14 | -17.60 | -5.25 | -2.14 | Upgrade
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| Free Cash Flow | -5,738 | -2,918 | -903.97 | -555.39 | -1,304 | Upgrade
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| Free Cash Flow Per Share | -21.35 | -10.05 | -6.02 | -3.76 | -8.58 | Upgrade
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| Gross Margin | 22.04% | 22.18% | 17.44% | 19.23% | 23.23% | Upgrade
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| Operating Margin | 7.84% | 8.11% | -1.35% | 1.71% | 2.15% | Upgrade
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| Profit Margin | -2.58% | 2.04% | -35.66% | -10.98% | 7.99% | Upgrade
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| Free Cash Flow Margin | -57.67% | -35.34% | -12.19% | -7.86% | -21.07% | Upgrade
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| EBITDA | 2,883 | 2,250 | 1,691 | 1,717 | 1,401 | Upgrade
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| EBITDA Margin | 28.97% | 27.25% | 22.81% | 24.30% | 22.63% | Upgrade
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| D&A For EBITDA | 2,102 | 1,581 | 1,791 | 1,596 | 1,268 | Upgrade
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| EBIT | 780.3 | 669.44 | -100.02 | 121.16 | 133.39 | Upgrade
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| EBIT Margin | 7.84% | 8.11% | -1.35% | 1.71% | 2.15% | Upgrade
|
| Effective Tax Rate | 131.46% | 48.53% | - | - | 17.78% | Upgrade
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| Advertising Expenses | 9.77 | 9.36 | 9.83 | 6.83 | 7.27 | Upgrade
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Source: S&P Capital IQ. Standard template. Financial Sources.