GDS
Income statement / Annual
Last year (2025), GDS Holdings Limited's total revenue was $11.12 B,
an increase of 7.74% from the previous year.
In 2025, GDS Holdings Limited's net income was $923.77 M.
See GDS Holdings Limited,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$11.12 B |
$10.32 B |
$9.96 B |
$9.33 B |
$7.82 B |
$5.74 B |
$4.12 B |
$2.79 B |
$1.62 B |
$1.06 B |
| Cost of Revenue |
$8.85 B
|
$8.10 B
|
$8.03 B
|
$7.39 B
|
$6.04 B
|
$4.19 B
|
$3.08 B
|
$2.17 B
|
$1.21 B
|
$790.29 M
|
| Gross Profit |
$2.27 B
|
$2.22 B
|
$1.92 B
|
$1.94 B
|
$1.78 B
|
$1.55 B
|
$1.04 B
|
$622.44 M
|
$408.47 M
|
$265.67 M
|
| Gross Profit Ratio |
0.2
|
0.22
|
0.19
|
0.21
|
0.23
|
0.27
|
0.25
|
0.22
|
0.25
|
0.25
|
| Research and Development Expenses |
$31.81 M
|
$36.32 M
|
$38.16 M
|
$35.81 M
|
$39.34 M
|
$40.05 M
|
$21.63 M
|
$13.92 M
|
$7.26 M
|
$9.10 M
|
| General & Administrative Expenses |
$0.00
|
$917.88 M
|
$1.19 B
|
$1.19 B
|
$1.02 B
|
$702.52 M
|
$411.42 M
|
$329.60 M
|
$228.86 M
|
$227.37 M
|
| Selling & Marketing Expenses |
$0.00
|
$116.44 M
|
$144.15 M
|
$150.43 M
|
$148.61 M
|
$134.94 M
|
$129.90 M
|
$110.57 M
|
$90.12 M
|
$71.58 M
|
| Selling, General & Administrative Expenses |
$778.11 M
|
$1.03 B
|
$1.33 B
|
$1.34 B
|
$1.17 B
|
$837.46 M
|
$541.32 M
|
$440.17 M
|
$318.98 M
|
$298.95 M
|
| Other Expenses |
$0.00
|
$0.00
|
$3.01 B
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$2.50 M
|
| Operating Expenses |
$809.92 M
|
$1.07 B
|
$4.38 B
|
$1.37 B
|
$1.21 B
|
$877.51 M
|
$562.95 M
|
$454.09 M
|
$326.24 M
|
$308.05 M
|
| Cost And Expenses |
$9.66 B
|
$9.17 B
|
$12.42 B
|
$8.76 B
|
$7.25 B
|
$5.07 B
|
$3.64 B
|
$2.62 B
|
$1.53 B
|
$1.10 B
|
| Interest Income |
$0.00
|
$89.78 M
|
$97.55 M
|
$42.23 M
|
$50.45 M
|
$29.01 M
|
$53.02 M
|
$19.21 M
|
$5.60 M
|
$0.00
|
| Interest Expense |
$1.59 B
|
$1.92 B
|
$2.04 B
|
$1.88 B
|
$1.65 B
|
$1.32 B
|
$968.69 M
|
$656.19 M
|
$412.00 M
|
$263.16 M
|
| Depreciation & Amortization |
$3.37 B
|
$3.35 B
|
$3.63 B
|
$3.29 B
|
$2.66 B
|
$1.66 B
|
$1.14 B
|
$741.51 M
|
$378.13 M
|
$227.36 M
|
| EBITDA |
$4.83 B |
$4.51 B |
$1.36 B |
$4.19 B |
$3.23 B |
$2.33 B |
$1.62 B |
$958.03 M |
$457.16 M |
$207.86 M |
| EBITDA Ratio |
0.43
|
0.44
|
0.14
|
0.45
|
0.41
|
0.41
|
0.39
|
0.34
|
0.28
|
0.2
|
| Operating Income Ratio |
0.13
|
0.11
|
-0.25
|
0.06
|
0.07
|
0.12
|
0.12
|
0.06
|
0.05
|
-0.04
|
| Total Other Income/Expenses Net |
-$74.32 M
|
-$1.77 B
|
-$1.84 B
|
-$1.54 B
|
-$1.52 B
|
-$1.22 B
|
-$906.21 M
|
-$608.01 M
|
-$415.21 M
|
-$242.35 M
|
| Income Before Tax |
$1.39 B
|
-$614.86 M
|
-$4.30 B
|
-$989.88 M
|
-$948.75 M
|
-$548.44 M
|
-$426.43 M
|
-$439.66 M
|
-$332.98 M
|
-$284.73 M
|
| Income Before Tax Ratio |
0.13
|
-0.06
|
-0.43
|
-0.11
|
-0.12
|
-0.1
|
-0.1
|
-0.16
|
-0.21
|
-0.27
|
| Income Tax Expense |
$456.92 M
|
$156.05 M
|
-$14.78 M
|
$276.24 M
|
$242.46 M
|
$120.78 M
|
$15.65 M
|
-$9.39 M
|
-$6.08 M
|
-$8.32 M
|
| Net Income |
$923.77 M
|
$3.43 B
|
-$4.29 B
|
-$1.27 B
|
-$1.19 B
|
-$669.21 M
|
-$442.08 M
|
-$430.27 M
|
-$326.90 M
|
-$276.41 M
|
| Net Income Ratio |
0.08
|
0.33
|
-0.43
|
-0.14
|
-0.15
|
-0.12
|
-0.11
|
-0.15
|
-0.2
|
-0.26
|
| EPS |
4.64 |
-4.56 |
-23.67 |
-8.25 |
-7.23 |
-4.71 |
-3.63 |
-3.48 |
-3.33 |
-7.36 |
| EPS Diluted |
4.24 |
-4.56 |
-23.67 |
-8.25 |
-7.23 |
-4.71 |
-3.63 |
-3.48 |
-3.33 |
-7.36 |
| Weighted Average Shares Out |
$190.07 M
|
$183.52 M
|
$181.26 M
|
$176.85 M
|
$174.83 M
|
$145.50 M
|
$121.85 M
|
$123.78 M
|
$98.07 M
|
$37.39 M
|
| Weighted Average Shares Out Diluted |
$205.57 M
|
$183.52 M
|
$183.52 M
|
$183.06 M
|
$181.61 M
|
$156.69 M
|
$137.87 M
|
$123.78 M
|
$98.07 M
|
$37.39 M
|
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