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
VNET Group, Inc. (VNET) · Income Statement
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · VNET · as of 2026-06-08
Financial statements
Revenue · Gross Profit · Net Income
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | $9.68B | $8.26B | $7.41B | $7.19B | $6.19B |
| Cost of Revenue | $7.55B | $6.43B | $6.12B | $5.88B | $4.75B |
| Gross Profit | $2.13B | $1.83B | $1.29B | $1.31B | $1.44B |
| Gross Margin %(computed) | 22.04% | 22.18% | 17.44% | 18.15% | 23.23% |
| Operating Expenses | |||||
| R&D Expenses | $0.25B | $0.25B | $0.32B | $0.31B | $0.19B |
| G&A Expenses | $0.00B | $0.66B | $0.54B | $0.64B | $0.84B |
| Total Operating Expenses | $1.40B | $1.16B | $3.26B | $1.24B | $1.42B |
| Operating Income | $0.73B | $0.67B | ($1.97B) | $0.06B | $0.02B |
| Operating Margin %(computed) | 7.56% | 8.11% | -26.59% | 0.87% | 0.34% |
| Interest Income | $0.04B | $0.03B | $0.04B | $0.03B | $0.03B |
| Interest Expense | $0.58B | $0.40B | $0.31B | $0.27B | $0.33B |
| Income Before Tax | $0.41B | $0.48B | ($2.48B) | ($0.64B) | $0.63B |
| Income Tax Expense | $0.54B | $0.23B | $0.11B | $0.14B | $0.11B |
| Net Income | ($0.25B) | $0.18B | ($2.64B) | ($0.79B) | $0.50B |
| Net Margin %(computed) | -2.58% | 2.22% | -35.67% | -10.98% | 8.08% |
| Per Share & EBITDA | |||||
| EPS (Basic) | $-0.90 | $0.66 | $-17.58 | $-5.16 | $3.42 |
| Wtd Avg Shares | 0.27B | 0.27B | 0.15B | 0.15B | 0.14B |
| EBITDA | $2.70B | $2.22B | ($0.37B) | $1.68B | $2.27B |
| EBITDA Margin %(computed) | 27.91% | 26.82% | -4.94% | 23.30% | 36.64% |
Data source: Financial Modeling Prep · Last updated: 2026-06-08 · CNY · B
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About VNET Group, Inc. (VNET) Income Statement
VNET Group, Inc. (VNET) income statement data is sourced from SEC Form 10-K and 10-Q filings. For fiscal year 2025, VNET reported revenue of $9.68B, gross profit of $2.13B (gross margin 22.04%), and net income of ($0.25B) — a net profit margin of -2.58%.
Frequently asked questions
VNET · 4 questionsVNET Group, Inc. (VNET) reported revenue of $9.68B for 2025, up 17.2% year-over-year.
VNET revenueVNET salesannual revenue YoYincome statement
· Source: FMP /stable/income-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-08