VNET (ADR) (VNET)
Operates retail and wholesale data centers alongside cloud and VPN services in China.
$7.04
vs last close−0.20 (−2.71%)
In millions of USD, except per-share figures · converted from CNY at the latest rate
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 282 | 284 | 284 | 298 | 310 | 336 | 336 | 364 | 384 | 396 | 402 | 414 |
| Cost of revenue | 236 | 240 | 222 | 235 | 238 | 260 | 251 | 282 | 304 | 317 | 310 | 339 |
| Gross profit | 46 | 43 | 61 | 64 | 72 | 75 | 85 | 82 | 80 | 80 | 92 | 75 |
| 41 | 374 | 54 | 34 | 46 | 40 | 47 | 56 | 51 | 59 | 55 | 47 | |
| Research & development | 12 | 12 | 11 | 9 | 8 | 8 | 7 | 10 | 11 | 12 | 11 | 11 |
| 30 | 33 | 45 | 25 | 29 | 40 | 37 | 42 | 38 | 48 | 32 | 36 | |
| Selling & marketing | 10 | 11 | 11 | 9 | 9 | 11 | 10 | 10 | 11 | 0 | 8 | 0 |
| General & administrative | 21 | 22 | 34 | 16 | 20 | 29 | 27 | 32 | 28 | 0 | 24 | 0 |
| Other expenses | −1 | 329 | −1 | 0 | 9 | −8 | 4 | 4 | 2 | — | 12 | — |
| Operating income | 5 | −331 | 7 | 29 | 26 | 35 | 37 | 26 | 29 | 20 | 37 | 28 |
| −10 | −24 | −22 | −10 | 27 | −23 | −62 | −9 | −66 | 88 | −31 | −26 | |
| Interest income | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 2 |
| Interest expense | 14 | 12 | 21 | 14 | 14 | 12 | 15 | 24 | 23 | 28 | 33 | 30 |
| Other non-operating income | 0 | 12 | 1 | −4 | −41 | 11 | 47 | −14 | 44 | −116 | −2 | 0 |
| Income before tax | −5 | −355 | −15 | 20 | 53 | 13 | −25 | 17 | −38 | 108 | 6 | 3 |
| Income tax expense | 1 | 8 | 9 | 9 | 5 | 12 | 8 | 14 | 3 | 57 | 73 | 9 |
| Net income from continuing operations | −6 | −362 | −24 | 11 | 49 | 1 | −33 | 3 | −41 | 51 | −67 | −6 |
| Net income | −8 | −365 | −28 | 10 | 46 | −2 | −36 | −2 | −46 | 44 | −333 | −22 |
| EPS, basic | −$0.05 | −$2.38 | −$0.11 | $0.04 | $0.22 | −$0.01 | −$0.13 | −$0.01 | −$0.17 | $0.17 | −$1.22 | −$0.08 |
| EPS, diluted | −$0.05 | −$2.38 | −$0.11 | $0.04 | $0.16 | −$0.01 | −$0.13 | −$0.01 | −$0.17 | $0.14 | −$1.22 | −$0.08 |
| Weighted average shares, basic | 148 | 154 | 261 | 261 | 223 | 266 | 266 | 268 | 269 | 269 | 274 | 284 |
| Weighted average shares, diluted | 148 | 154 | 261 | 261 | 290 | 268 | 266 | 268 | 269 | 294 | 274 | 284 |
| EBITDA | 74 | −271 | 62 | 91 | 118 | 90 | 54 | 123 | 67 | 224 | 134 | 130 |
| Depreciation & amortization | 69 | 72 | 56 | 58 | 51 | 66 | 64 | 82 | 82 | 88 | 95 | 102 |
| EBIT | 5 | −343 | 6 | 33 | 67 | 24 | −10 | 40 | −15 | 136 | 39 | 28 |