GDS Holdings (GDHLF) Operating Expenses (2015 - 2026)

GDS Holdings' Operating Expenses history runs 12 years deep, the most recent figure standing at -$27.0 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 20.63% year-over-year to -$27.0 million; the TTM figure through Mar 2026 stood at -$123.4 million (up 19.96% YoY), while the FY2025 annual figure was $367.5 million, up 146.58% from the prior year.
• Operating Expenses was -$27.0 million for Q1 2026 at GDS Holdings, up from -$29.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$27.0 million in Q1 2026 to a low of -$48.8 million in Q1 2022.
• Historically, Operating Expenses has averaged -$39.7 million across 5 years, with a median of -$43.0 million in 2024.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses tumbled 33.06% in 2022, then advanced 23.45% in 2025.
• A 5-year view of Operating Expenses shows it stood at -$44.4 million in 2022, then dropped by 2.17% to -$45.3 million in 2023, then gained by 19.64% to -$36.4 million in 2024, then increased by 18.84% to -$29.6 million in 2025, then increased by 8.69% to -$27.0 million in 2026.
• The last three Operating Expenses figures came in at -$27.0 million (Q1 2026), -$29.6 million (Q4 2025), and -$33.2 million (Q3 2025), per Business Quant data.