GDS Holdings (GDS) Change in Working Capital (2016 - 2026)

GDS Holdings' Change in Working Capital history runs 11 years deep, the most recent figure standing at -$147.9 million for Q1 2026.

• In Q1 2026, Change in Working Capital fell 1336.02% year-over-year to -$147.9 million; the TTM figure through Mar 2026 stood at -$146.7 million (down 1611.93% YoY), while the FY2025 annual figure was $13.4 million, up 118.04% from the prior year.
• Change in Working Capital was -$147.9 million for Q1 2026 at GDS Holdings, down from $9.9 million in the prior quarter.
• In the past five years, Change in Working Capital ranged from a high of $156.1 million in Q2 2022 to a low of -$147.9 million in Q1 2026.
• Historically, Change in Working Capital has averaged -$13.0 million across 5 years, with a median of -$3.8 million in 2023.
• The sharpest annual moves came in 2022 and 2023: Change in Working Capital soared 775.26% in 2022, then slumped 2481.46% in 2023.
• A 5-year view of Change in Working Capital shows it stood at $60.1 million in 2022, then tumbled by 33.08% to $40.2 million in 2023, then grew by 7.5% to $43.3 million in 2024, then sank by 77.13% to $9.9 million in 2025, then plunged by 1594.82% to -$147.9 million in 2026.
• The last three Change in Working Capital figures came in at -$147.9 million (Q1 2026), $9.9 million (Q4 2025), and -$5.9 million (Q3 2025), per Business Quant data.