Income Statement - VNET Group, Inc. (VNET)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 9,678.20 | 8,259.07 | 7,412.93 | 7,189.32 | 6,189.80 | 4,829.02 | 3,788.97 | 3,401.04 | 3,392.71 | 3,641.77 | 3,634.37 | 2,876.45 | 1,966.72 | 1,524.16 | 1,020.93 | 525.20 | 313.64 |
| Cost of revenue | 7,545.44 | 6,426.91 | 6,120.45 | 5,884.29 | 4,751.77 | 3,753.01 | 2,849.52 | 2,456.17 | 2,634.30 | 2,929.64 | 2,780.61 | 2,066.30 | 1,449.85 | 1,098.48 | 744.37 | 396.86 | 229.30 |
| Gross profit | 2,132.75 | 1,832.16 | 1,292.49 | 1,305.03 | 1,438.03 | 1,076.01 | 939.45 | 944.87 | 758.41 | 712.14 | 853.76 | 810.14 | 516.87 | 425.68 | 276.56 | 128.35 | 84.33 |
| Total operating expenses | 1,400.71 | 1,162.71 | 3,263.39 | 1,242.81 | 1,416.72 | 959.41 | 757.22 | 707.39 | 2,126.95 | 1,552.33 | 1,137.99 | 924.84 | 475.10 | 107.57 | 261.65 | 361.15 | 57.20 |
| Operating income | 732.04 | 669.44 | -1,970.90 | 62.22 | 21.31 | 116.60 | 182.23 | 237.48 | -1,368.54 | -840.20 | -284.23 | -114.70 | 41.77 | 80.94 | 14.91 | -232.81 | 27.14 |
| Non-operating income (net) | -319.51 | -186.79 | -511.89 | -701.79 | 605.19 | -2,698.40 | -358.04 | -399.80 | 360.72 | -102.89 | -69.21 | -197.10 | -78.45 | 12.88 | 44.71 | -0.32 | -0.01 |
| Income before tax | 412.53 | 482.65 | -2,482.80 | -639.57 | 626.51 | -2,581.79 | -175.81 | -162.33 | -1,007.81 | -943.08 | -353.45 | -311.80 | -36.68 | 93.82 | 59.62 | -233.13 | 27.12 |
| Income tax expense | 542.32 | 234.23 | 114.37 | 135.81 | 111.41 | 109.34 | 5.44 | 24.41 | -90.17 | -11.16 | 47.83 | 16.67 | 10.32 | 36.16 | 13.68 | 1.59 | -32.86 |
| Net income | -249.78 | 183.20 | -2,643.84 | -789.58 | 500.10 | -2,709.35 | -182.29 | -205.07 | -772.73 | -633.60 | -428.10 | -348.48 | -48.23 | 56.32 | 18.44 | -255.39 | -5.92 |
Show Quarterly Income Statement
Income Statement - VNET Group, Inc. (VNET)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 2,691.14 | 2,650.00 | 2,568.21 | 2,434.21 | 2,246.22 | 2,246.39 | 2,074.22 | 1,993.76 | 1,898.13 | 1,898.13 | 1,886.92 | 1,821.74 | 1,805.78 | 1,880.67 | 1,814.21 | 1,724.86 | 1,646.42 | 1,745.44 | 1,560.46 | 1,496.98 | 1,386.92 | 1,348.37 | 1,245.79 | 1,144.06 | 1,090.80 | 1,048.12 | 980.97 | 888.02 | 871.86 | 901.89 | 870.07 | 828.32 | 800.77 | 765.81 | 886.04 | 878.68 | 862.18 | 900.65 | 968.01 | 910.85 | 862.27 | 983.38 | 924.10 | 866.79 | 860.11 | 853.91 | 778.53 | 658.02 | 586.00 | 545.88 | 514.02 | 471.10 | 435.72 | 417.82 | 396.06 | 364.46 | 345.82 | 318.28 | 261.65 | 230.41 | 210.60 | 197.31 | 121.80 | 112.62 | 93.48 |
| Cost of revenue | 2,075.27 | 2,117.08 | 2,032.01 | 1,886.47 | 1,680.88 | 1,741.53 | 1,593.34 | 1,568.87 | 1,487.41 | 1,487.41 | 1,580.45 | 1,479.00 | 1,453.40 | 1,552.30 | 1,497.63 | 1,367.09 | 1,290.70 | 1,365.47 | 1,185.23 | 1,137.46 | 1,063.61 | 1,053.94 | 970.65 | 871.73 | 856.69 | 800.25 | 758.41 | 659.77 | 631.08 | 655.55 | 628.87 | 598.88 | 572.86 | 565.65 | 696.23 | 690.72 | 681.70 | 717.28 | 781.12 | 737.95 | 693.29 | 764.21 | 723.83 | 662.81 | 629.76 | 615.88 | 547.67 | 477.39 | 425.37 | 401.64 | 380.60 | 347.96 | 319.64 | 304.08 | 285.66 | 261.09 | 247.65 | 230.22 | 190.07 | 168.56 | 155.52 | 149.09 | 92.79 | 84.46 | 70.52 |
| Gross profit | 615.87 | 532.93 | 536.20 | 547.74 | 565.34 | 504.86 | 480.89 | 424.90 | 410.72 | 410.72 | 306.48 | 342.75 | 352.38 | 328.38 | 316.58 | 357.78 | 355.72 | 379.97 | 375.24 | 359.52 | 323.31 | 294.43 | 275.14 | 272.33 | 234.11 | 247.87 | 222.56 | 228.25 | 240.78 | 246.34 | 241.20 | 229.43 | 227.90 | 200.17 | 189.80 | 187.96 | 180.48 | 183.37 | 186.88 | 172.90 | 168.98 | 219.17 | 200.27 | 203.98 | 230.35 | 238.03 | 230.86 | 180.63 | 160.63 | 144.23 | 133.42 | 123.14 | 116.08 | 113.74 | 110.40 | 103.37 | 98.17 | 88.06 | 71.57 | 61.85 | 55.08 | 48.22 | 29.02 | 28.15 | 22.96 |
| Total operating expenses | 368.94 | 396.50 | 344.24 | 374.72 | 316.81 | 267.86 | 305.19 | 230.27 | 364.31 | 364.31 | 274.29 | 249.48 | 237.15 | 345.75 | 310.17 | 321.72 | 299.33 | 540.47 | 261.33 | 259.86 | 243.18 | 287.63 | 199.27 | 193.47 | 197.42 | 192.30 | 157.08 | 168.21 | 187.48 | 181.44 | 176.55 | 177.94 | 171.46 | 188.54 | 1,413.44 | 269.55 | 252.62 | 364.64 | 307.00 | 300.49 | 254.45 | 309.43 | 263.19 | 285.05 | 274.59 | 299.56 | 142.87 | 156.71 | 280.92 | 123.95 | 117.98 | 96.44 | 89.23 | 98.29 | 102.31 | 74.95 | 109.26 | 79.88 | 0.04 | 92.58 | 89.16 | 239.30 | 80.81 | 16.95 | 16.56 |
| Operating income | 246.93 | 136.43 | 191.97 | 173.02 | 248.53 | 237.00 | 175.70 | 194.62 | 46.42 | 46.42 | 32.19 | 93.27 | 115.24 | -72.63 | 6.41 | 36.06 | 56.39 | -269.76 | 113.90 | 99.94 | 80.13 | -74.82 | 75.87 | 78.86 | 36.69 | 3.43 | 65.48 | 60.03 | 53.30 | 64.90 | 64.65 | 51.50 | 56.44 | 7.80 | -1,223.64 | -80.56 | -72.14 | -507.02 | -120.12 | -127.59 | -85.47 | -95.32 | -63.60 | -81.07 | -44.24 | -106.31 | 87.99 | 23.92 | -120.29 | 13.09 | 15.44 | -13.61 | 26.85 | 55.51 | 8.09 | 28.42 | -11.08 | 8.18 | 71.54 | -30.72 | -34.09 | -198.62 | -51.79 | 11.20 | 6.40 |
| Non-operating income (net) | -205.67 | 587.71 | -444.48 | -61.24 | -416.69 | -151.00 | 179.62 | -63.62 | -144.06 | -146.66 | -65.75 | -318.29 | 33.40 | 16.13 | -374.65 | -378.62 | 83.29 | 262.50 | 75.31 | 390.41 | -123.81 | -892.90 | 49.13 | -1,707.23 | -151.73 | -30.11 | -121.74 | -149.97 | -35.97 | -209.29 | -100.16 | -91.06 | 22.46 | 644.56 | -262.24 | -37.32 | -28.57 | -8.60 | -41.37 | -14.66 | -50.85 | 10.48 | 9.85 | -53.67 | -35.87 | -47.00 | -43.60 | -82.92 | -23.58 | -25.46 | -26.84 | -19.77 | -6.39 | 2.41 | 12.54 | 0.23 | -2.31 | 10.74 | 30.34 | 3.16 | 0.48 | -0.82 | 0.89 | -0.11 | -0.29 |
| Income before tax | 41.26 | 724.14 | -252.51 | 111.78 | -168.16 | 86.00 | 355.32 | 131.00 | -97.64 | -100.25 | -33.57 | -225.03 | 148.63 | -56.51 | -368.23 | -342.56 | 139.68 | -7.26 | 189.21 | 490.35 | -43.68 | -967.72 | 125.00 | -1,628.37 | -115.04 | -26.68 | -56.26 | -89.93 | 17.32 | -144.39 | -35.52 | -39.57 | 78.90 | 652.36 | -1,485.87 | -117.87 | -100.71 | -515.62 | -161.48 | -142.25 | -136.32 | -84.85 | -53.75 | -134.74 | -80.11 | -153.32 | 44.39 | -59.01 | -143.87 | -12.36 | -11.40 | -33.38 | 20.46 | 57.92 | 20.63 | 28.65 | -13.39 | 18.92 | 101.87 | -27.56 | -33.61 | -199.43 | -50.90 | 11.09 | 6.11 |
| Income tax expense | 486.16 | 383.56 | 21.35 | 95.05 | 52.06 | 82.55 | 30.46 | 59.15 | 61.38 | 61.38 | 6.32 | 12.55 | 44.89 | 0.10 | 55.72 | 30.95 | 46.73 | 15.55 | 29.06 | 29.52 | 37.30 | 41.21 | 25.23 | 20.41 | 22.49 | -24.69 | 10.04 | 9.34 | 10.74 | -46.35 | -7.62 | 44.31 | 34.08 | -127.48 | 19.79 | 1.39 | 16.13 | -17.82 | 10.06 | -18.40 | 14.99 | 28.04 | 4.13 | 7.09 | 8.56 | 2.17 | 6.49 | 0.46 | 7.55 | -8.44 | 1.46 | 8.89 | 8.41 | 14.79 | 8.42 | 10.44 | 2.51 | 7.37 | 14.19 | -4.81 | -3.07 | -0.59 | -13.28 | 5.29 | 10.16 |
| Net income | -2,229.47 | 295.70 | -307.07 | -11.98 | -237.56 | -11.10 | 310.65 | 63.68 | -187.01 | -187.01 | -50.46 | -232.88 | 82.29 | -56.61 | -423.57 | -377.20 | 90.71 | -27.28 | 156.18 | 455.85 | -84.66 | -1,015.38 | 97.14 | -1,652.35 | -138.76 | -16.42 | -69.46 | -102.06 | 5.64 | -114.06 | -29.63 | -94.21 | 32.84 | 798.64 | -1,374.77 | -96.81 | -99.79 | -443.26 | -133.97 | -96.98 | -142.80 | -124.08 | -62.14 | -145.15 | -96.73 | -174.09 | 39.60 | -62.22 | -151.77 | -4.31 | -13.21 | -42.60 | 11.89 | 42.74 | 11.85 | 18.00 | -16.26 | 2.96 | 81.54 | -29.55 | -36.51 | -205.14 | -38.13 | 5.30 | -17.43 |