GDS Holdings (GDS) Accumulated Expenses (2015 - 2026)

As of Dec 31, 2025, GDS Holdings posted Accumulated Expenses of $205.51 million, up 8.0% from the prior year.

• Accumulated Expenses has increased for three consecutive years, though with a five-year compound annual growth rate of -2.1% (years ended Dec 2020 to Dec 2025).
• By year, Accumulated Expenses came in at $190.3 million in the year ended Dec 31, 2024 (+2.5%), $185.68 million in the year ended Dec 31, 2023 (+9.2%), $170.08 million in the year ended Dec 31, 2022 (-60.9%) and $434.76 million in the year ended Dec 31, 2021 (+90.1%).
• Five-year quarterly Accumulated Expenses spans a low of $168.51 million in the quarter ended Dec 31, 2022 and a high of $419.11 million in the quarter ended Dec 31, 2021.
• Year over year, Accumulated Expenses gained in five of the last eight quarters, with growth averaging 6.3%.
• The high point for year-over-year Accumulated Expenses in five years was the quarter ended Dec 31, 2021 (growth of 99.0%); the low point was the quarter ended Dec 31, 2022 (a decline of 59.8%).
• Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $181 million (quarter ended Mar 31, 2026), $202.63 million (quarter ended Dec 31, 2025) and $216.87 million (quarter ended Sep 30, 2025).