GDS Holdings (GDS) Cash & Equivalents (2014 - 2026)
GDS Holdings' Cash & Equivalents was $2.2 billion in the quarter ended Jun 30, 2026, up 20.1% from $1.83 billion a year earlier and up 2.4% from the prior quarter.
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Analysis
GDS Holdings (GDS) Cash & Equivalents (2014 - 2026) Analysis & Trends
As of Dec 31, 2025, Cash & Equivalents at GDS Holdings came in at $2.05 billion, down 18.2% from the prior year.
- Cash & Equivalents shows a five-year compound annual growth rate of -3.9% (years ended Dec 2020 to Dec 2025).
- In earlier years, Cash & Equivalents was $2.5 billion in the year ended Dec 31, 2024 (+130.2%), $1.09 billion in the year ended Dec 31, 2023 (-13.0%), $1.25 billion in the year ended Dec 31, 2022 (-20.2%) and $1.56 billion in the year ended Dec 31, 2021 (-37.2%).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Cash & Equivalents since the quarter ended Mar 31, 2021.
- Compared with a year earlier, Cash & Equivalents has increased for nine straight quarters, with growth averaging 39.5% over the last eight quarters.
- The best year-over-year quarter for Cash & Equivalents over five years was the quarter ended Mar 31, 2026 (growth of 100.5%); the worst was the quarter ended Dec 31, 2022 (a decline of 33.6%).
- Per Business Quant data, GDS's Cash & Equivalents in the three quarters before the quarter ended Jun 30, 2026 was $2.15 billion (quarter ended Mar 31, 2026), $2.02 billion (quarter ended Dec 31, 2025) and $1.89 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn | 20.94 Bn |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn | 7.17 Bn |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn | 1.66 Bn |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn | 979.00 Mn |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn | 8.04 Bn |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn | 5.52 Bn |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn | 840.90 Mn |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn | 777.31 Mn |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn | 1.16 Bn |
| 10 | GDS Holdings | 4.27 Bn | -4.01 Bn | 97.55 Mn | 2.20 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.20 Bn |
| Mar 31, 2026 | 2.14 Bn |
| Dec 31, 2025 | 2.04 Bn |
| Sep 30, 2025 | 1.89 Bn |
| Jun 30, 2025 | 1.83 Bn |
| Mar 31, 2025 | 1.04 Bn |
| Dec 31, 2024 | 1.08 Bn |
| Sep 30, 2024 | 1.34 Bn |
| Jun 30, 2024 | 1.36 Bn |
| Mar 31, 2024 | 1.06 Bn |
| Dec 31, 2023 | 1.11 Bn |
| Sep 30, 2023 | 1.03 Bn |
| Jun 30, 2023 | 1.13 Bn |
| Mar 31, 2023 | 1.49 Bn |
| Dec 31, 2022 | 1.28 Bn |
| Sep 30, 2022 | 1.28 Bn |
| Jun 30, 2022 | 1.37 Bn |
| Mar 31, 2022 | 1.78 Bn |
| Dec 31, 2021 | 1.89 Bn |
| Sep 30, 2021 | 1.56 Bn |
API Access
GDS Holdings Cash & Equivalents API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=GDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "ticker": "GDS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=GDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();