VNET
Income statement / Annual
Last year (2025), VNET Group Inc's total revenue was $9.68 B,
an increase of 17.18% from the previous year.
In 2025, VNET Group Inc's net income was -$249.78 M.
See VNET Group Inc,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 |
$9.68 B |
$8.26 B |
$7.41 B |
$7.19 B |
$6.19 B |
$4.83 B |
$3.79 B |
$3.40 B |
$3.39 B |
$3.64 B |
| Cost of Revenue |
$7.55 B
|
$6.43 B
|
$6.12 B
|
$5.88 B
|
$4.75 B
|
$3.75 B
|
$2.85 B
|
$2.46 B
|
$2.63 B
|
$2.93 B
|
| Gross Profit |
$2.13 B
|
$1.83 B
|
$1.29 B
|
$1.31 B
|
$1.44 B
|
$1.08 B
|
$939.45 M
|
$944.87 M
|
$758.41 M
|
$712.14 M
|
| Gross Profit Ratio |
0.22
|
0.22
|
0.17
|
0.18
|
0.23
|
0.22
|
0.25
|
0.28
|
0.22
|
0.2
|
| Research and Development Expenses |
$254.02 M
|
$246.61 M
|
$322.22 M
|
$306.84 M
|
$188.49 M
|
$112.89 M
|
$88.79 M
|
$92.11 M
|
$149.14 M
|
$149.34 M
|
| General & Administrative Expenses |
$0.00
|
$659.03 M
|
$541.85 M
|
$642.95 M
|
$842.35 M
|
$535.11 M
|
$415.28 M
|
$462.64 M
|
$519.95 M
|
$639.65 M
|
| Selling & Marketing Expenses |
$0.00
|
$263.76 M
|
$266.21 M
|
$311.92 M
|
$255.40 M
|
$235.01 M
|
$206.31 M
|
$172.18 M
|
$256.68 M
|
$352.93 M
|
| Selling, General & Administrative Expenses |
$1.15 B
|
$922.79 M
|
$808.06 M
|
$954.86 M
|
$1.10 B
|
$770.12 M
|
$621.59 M
|
$634.81 M
|
$776.63 M
|
$992.57 M
|
| Other Expenses |
$0.00
|
-$6.69 M
|
$2.13 B
|
-$24.60 M
|
$130.47 M
|
$76.39 M
|
$46.84 M
|
-$19.53 M
|
$1.20 B
|
$410.42 M
|
| Operating Expenses |
$1.40 B
|
$1.16 B
|
$3.26 B
|
$1.24 B
|
$1.42 B
|
$959.41 M
|
$757.22 M
|
$707.39 M
|
$2.13 B
|
$1.55 B
|
| Cost And Expenses |
$8.95 B
|
$7.59 B
|
$9.38 B
|
$7.13 B
|
$6.17 B
|
$4.71 B
|
$3.61 B
|
$3.18 B
|
$4.76 B
|
$4.48 B
|
| Interest Income |
$36.34 M
|
$27.96 M
|
$41.80 M
|
$31.57 M
|
$31.90 M
|
$31.71 M
|
$54.61 M
|
$45.19 M
|
$32.93 M
|
$21.08 M
|
| Interest Expense |
$582.32 M
|
$400.98 M
|
$312.17 M
|
$273.31 M
|
$334.95 M
|
$380.61 M
|
$345.96 M
|
$236.07 M
|
$185.31 M
|
$198.59 M
|
| Depreciation & Amortization |
$1.97 B
|
$1.55 B
|
$1.81 B
|
$1.61 B
|
$1.27 B
|
$988.98 M
|
$772.21 M
|
$634.61 M
|
$667.10 M
|
$664.07 M
|
| EBITDA |
$2.70 B |
$2.22 B |
-$366.56 M |
$1.68 B |
$2.27 B |
-$1.21 B |
$1.01 B |
$894.99 M |
-$209.18 M |
-$116.08 M |
| EBITDA Ratio |
0.28
|
0.27
|
-0.05
|
0.23
|
0.37
|
-0.25
|
0.27
|
0.26
|
-0.06
|
-0.03
|
| Operating Income Ratio |
0.08
|
0.08
|
-0.27
|
0.01
|
0
|
0.02
|
0.05
|
0.07
|
-0.4
|
-0.23
|
| Total Other Income/Expenses Net |
-$319.51 M
|
-$186.79 M
|
-$511.89 M
|
-$701.79 M
|
$605.19 M
|
-$2.70 B
|
-$358.04 M
|
$0.00
|
$360.72 M
|
-$102.89 M
|
| Income Before Tax |
$412.53 M
|
$482.65 M
|
-$2.48 B
|
-$639.57 M
|
$626.51 M
|
-$2.58 B
|
-$175.81 M
|
-$162.33 M
|
-$1.01 B
|
-$943.08 M
|
| Income Before Tax Ratio |
0.04
|
0.06
|
-0.33
|
-0.09
|
0.1
|
-0.53
|
-0.05
|
-0.05
|
-0.3
|
-0.26
|
| Income Tax Expense |
$542.32 M
|
$234.23 M
|
$114.37 M
|
$135.81 M
|
$111.41 M
|
$109.34 M
|
$5.44 M
|
$24.41 M
|
-$90.17 M
|
-$11.16 M
|
| Net Income |
-$249.78 M
|
$183.20 M
|
-$2.64 B
|
-$789.58 M
|
$500.10 M
|
-$2.71 B
|
-$182.29 M
|
-$205.07 M
|
-$772.73 M
|
-$633.60 M
|
| Net Income Ratio |
-0.03
|
0.02
|
-0.36
|
-0.11
|
0.08
|
-0.56
|
-0.05
|
-0.06
|
-0.23
|
-0.17
|
| EPS |
-0.9 |
0.66 |
-17.58 |
-5.16 |
3.42 |
-22.56 |
-1.2 |
-1.8 |
-6.9 |
-7.92 |
| EPS Diluted |
-0.9 |
0.66 |
-17.58 |
-5.16 |
3.3 |
-26.82 |
-1.2 |
-1.8 |
-6.9 |
-7.92 |
| Weighted Average Shares Out |
$268.71 M
|
$265.60 M
|
$150.19 M
|
$147.80 M
|
$144.23 M
|
$119.42 M
|
$111.47 M
|
$112.46 M
|
$112.09 M
|
$102.86 M
|
| Weighted Average Shares Out Diluted |
$268.71 M
|
$290.39 M
|
$150.19 M
|
$147.80 M
|
$151.93 M
|
$119.48 M
|
$111.47 M
|
$112.46 M
|
$112.14 M
|
$102.86 M
|
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