Companies: 10,795·Total market cap: $144.5T
VNET Group, Inc.

VNET Group, Inc.

VNETNASDAQTechnology● Active
$8.84
$-0.87(-8.96%)
Market Cap$2.4B
P/E Ratio—
52W High$14.48
52W Low$5.31
Net IncomeFinancialsRevenue

VNET Group, Inc. (VNET) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

VNET · net income · updated Jun 8, 2026

Core profitability metrics

Net income was −$249.8M for FY2025 (fiscal year ending 2025-12-31), down 236.3% year-over-year. Net profit margin was -2.6%. Based on available data, VNET Group, Inc. has been profitable since at least 2011.

FY2025 Net Income−$249.8M▼ -236.3% YoY
Trailing 12M (TTM)−$2.25Btrailing 4 quarters sum
Net Profit Margin-2.6%−$249.8M ÷ $9.68B
YoY Change-236.3%—
5-Year CAGRN/AN/A — contains loss years
FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net IncomeNet LossNet Margin %★ First Profit: 2011

▸ FMP /income-statement · Annual · VNET net income history · VNET profit margin

Annual net income data

Fiscal YearNet IncomeYoY ChangeNet Margin
FY2025Loss−$249.8M▼ 236.3%-2.6%
FY2024$183.2M▲ +106.9%2.2%
FY2023Loss−$2.64B▼ 234.8%-35.7%
FY2022Loss−$789.6M▼ 257.9%-11.0%
FY2021$500.1M▲ +118.5%8.1%

Net income vs peers (Technology)

#CompanyNet IncomeYoY
#1
VNET Group, Inc.
VNET Group, Inc.YOU
VNET
−$249.8M-236.3%
#2
Taiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Company Limited
TSM
$1.74T+49.8%#3
NVIDIA Corporation
NVIDIA Corporation
NVDA
$120.07B+64.7%#4
Apple Inc.
Apple Inc.
AAPL
$112.01B+19.5%#5
Microsoft Corporation
Microsoft Corporation
MSFT
$101.83B+15.5%#6
Broadcom Inc.
Broadcom Inc.
AVGO
$23.13B+292.3%
Technology · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

VNET Group, Inc. (VNET) reported net income of −$249.8M for FY2025 (fiscal year ending 2025-12-31), down 236.3% year-over-year. The net profit margin was -2.6% — meaning the company kept $-0.03 of every dollar of revenue as profit.

Based on available data, VNET Group, Inc. has been profitable since at least 2011. Net income reached a peak of $500.1M in FY2021. Data available for 15 fiscal years.

VNET Group, Inc.'s net profit margin was -2.6% for FY2025, based on the latest annual results.

Investors sometimes search for "VNET Group, Inc. net worth" — the company's market capitalization is a separate figure from VNET net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.
RevenueFinancial statementsEarningsForecastPrice historyMarket capFree cash flow

Frequently asked questions

VNET net income · 4 questions

VNET Group, Inc. is not currently profitable on an annual basis. The company reported a net loss of $249.8M for FY2025.

is VNET profitabledoes VNET make a profitVNET profitabilityVNET profitable company

▸ Source: FMP /income-statement · GAAP · VNET Group, Inc. · VNET Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026