GDS Holdings GDS
NASDAQ GDS
$30.37 -0.07 (-0.23%)
As of: Sep 16, 2026 · 3:59 PM EDT

GDS Holdings (GDS) Capital Expenditures (2015 - 2026)

GDS Holdings (GDS) posted Capital Expenditures of -$111.6 million for Q1 2026, up 14.65% on a QoQ basis from -$130.8 million in Q4 2025, and up 19.74% year-over-year from -$93.2 million in Q1 2025.

Analysis

GDS Holdings (GDS) Capital Expenditures (2015 - 2026) Analysis & Trends

GDS Holdings has reported Capital Expenditures for 12 years, with the latest figure at -$111.6 million in Q1 2026.

  • On a quarterly basis, Capital Expenditures rose 19.74% year-over-year to -$111.6 million in Q1 2026; TTM through Mar 2026 was -$618.7 million, a 29.23% increase from a year earlier, with the FY2025 full-year figure at -$659.3 million, down 62.29% from the prior year.
  • Capital Expenditures was -$111.6 million for Q1 2026 at GDS Holdings, up from -$130.8 million in the prior quarter.
  • The five-year high for Capital Expenditures was -$52.2 million in Q4 2024, with the low at -$413.1 million in Q3 2024.
  • Average Capital Expenditures over 5 years is -$218.7 million, with a median of -$202.6 million recorded in 2023.
  • The sharpest annual moves came in 2024 and 2025: Capital Expenditures surged 65.25% in 2024, then sank 150.32% in 2025.
  • Over 5 years, Capital Expenditures stood at -$309.6 million in 2022, then jumped by 51.43% to -$150.4 million in 2023, then soared by 65.25% to -$52.2 million in 2024, then tumbled by 150.32% to -$130.8 million in 2025, then rose by 14.65% to -$111.6 million in 2026.
  • The last three Capital Expenditures figures came in at -$111.6 million (Q1 2026), -$130.8 million (Q4 2025), and -$199.7 million (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn 1.58 Bn
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn 855.56 Mn
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn 410.30 Mn
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn 1.29 Bn
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn -
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn 565.02 Mn
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn -223.03 Mn
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn -
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn -
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn -
Historic Data

Historic Data

Download Data
DateValue
Mar 31, 2026 -111.63 Mn
Dec 31, 2025 -130.79 Mn
Sep 30, 2025 -199.72 Mn
Jun 30, 2025 -176.56 Mn
Mar 31, 2025 -139.09 Mn
Dec 31, 2024 -52.25 Mn
Sep 30, 2024 -413.08 Mn
Jun 30, 2024 -269.84 Mn
Mar 31, 2024 -220.92 Mn
Dec 31, 2023 -150.37 Mn
Sep 30, 2023 -202.63 Mn
Jun 30, 2023 -195.16 Mn
Mar 31, 2023 -297.35 Mn
Dec 31, 2022 -309.58 Mn
Sep 30, 2022 -247.73 Mn
Jun 30, 2022 -260.45 Mn
Mar 31, 2022 -340.61 Mn
Dec 31, 2021 -363.10 Mn
Sep 30, 2021 -503.14 Mn
Jun 30, 2021 -289.38 Mn