GDS Holdings (GDS) Construction in Progress (2015 - 2025)

GDS Holdings' Construction in Progress history runs 11 years deep, the most recent figure standing at $795.2 million for Q4 2025.

• On a quarterly basis, Construction in Progress fell 12.98% year-over-year to $795.2 million in Q4 2025; TTM through Dec 2025 was $795.2 million, a 12.98% decrease from a year earlier, with the FY2025 full-year figure at $784.9 million, down 14.09% from the prior year.
• Construction in Progress fell to $795.2 million in Q4 2025 per GDS's latest filing, from $913.9 million in the prior quarter.
• Across five years, Construction in Progress topped out at $1.5 billion in Q4 2022 and bottomed at $795.2 million in Q4 2025.
• The 5-year median for Construction in Progress is $1.1 billion (2021), against an average of $1.1 billion.
• Across the five-year window, Construction in Progress soared 42.58% in 2021 and decreased 24.0% in 2024, its largest moves.
• Year by year, Construction in Progress stood at $1.1 billion in 2021, then soared by 34.55% to $1.5 billion in 2022, then dropped by 21.02% to $1.2 billion in 2023, then dropped by 24.0% to $913.9 million in 2024, then dropped by 12.98% to $795.2 million in 2025.
• Per Business Quant, the three latest GDS Construction in Progress figures stand at $795.2 million (Q4 2025), $913.9 million (Q4 2024), and $1.2 billion (Q4 2023).