GDS Holdings (GDS) Capital Leases (2014 - 2026)
GDS Holdings (GDS) posted Capital Leases of $784.5 million for Q2 2026, down 4.12% on a QoQ basis from $818.3 million in Q1 2026, and down 22.76% year-over-year from $1.0 billion in Q2 2025.
Analysis
GDS Holdings (GDS) Capital Leases (2014 - 2026) Analysis & Trends
GDS Holdings has reported Capital Leases for 13 years, with the latest figure at $784.5 million in Q2 2026.
- On a quarterly basis, Capital Leases fell 22.76% year-over-year to $784.5 million in Q2 2026; TTM through Jun 2026 was $784.5 million, a 22.76% decrease from a year earlier, with the FY2025 full-year figure at $1.0 billion, down 3.14% from the prior year.
- Capital Leases was $784.5 million for Q2 2026 at GDS Holdings, down from $818.3 million in the prior quarter.
- The five-year high for Capital Leases was $1.4 billion in Q1 2022, with the low at $784.5 million in Q2 2026.
- Average Capital Leases over 5 years is $1.1 billion, with a median of $1.1 billion recorded in 2023.
- The sharpest annual moves came in 2022 and 2026: Capital Leases increased 10.05% in 2022, then retreated 22.76% in 2026.
- Over 5 years, Capital Leases stood at $1.3 billion in 2022, then declined by 12.54% to $1.1 billion in 2023, then decreased by 3.48% to $1.1 billion in 2024, then dropped by 6.02% to $994.6 million in 2025, then dropped by 21.12% to $784.5 million in 2026.
- The last three Capital Leases figures came in at $784.5 million (Q2 2026), $818.3 million (Q1 2026), and $994.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 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
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 784.53 Mn |
| Mar 31, 2026 | 818.27 Mn |
| Dec 31, 2025 | 994.56 Mn |
| Sep 30, 2025 | 1.00 Bn |
| Jun 30, 2025 | 1.02 Bn |
| Mar 31, 2025 | 1.02 Bn |
| Dec 31, 2024 | 1.06 Bn |
| Sep 30, 2024 | 1.10 Bn |
| Jun 30, 2024 | 1.08 Bn |
| Mar 31, 2024 | 962.13 Mn |
| Dec 31, 2023 | 1.10 Bn |
| Sep 30, 2023 | 1.10 Bn |
| Jun 30, 2023 | 1.15 Bn |
| Mar 31, 2023 | 1.19 Bn |
| Dec 31, 2022 | 1.25 Bn |
| Sep 30, 2022 | 1.29 Bn |
| Jun 30, 2022 | 1.24 Bn |
| Mar 31, 2022 | 1.35 Bn |
| Dec 31, 2021 | 1.40 Bn |
| Sep 30, 2021 | 1.31 Bn |