GDS Holdings (GDS) Cost of Revenue (2015 - 2026)

GDS Holdings' Cost of Revenue history runs 12 years deep, the most recent figure standing at $324.1 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 13.16% year-over-year to $324.1 million; the TTM figure through Mar 2026 stood at $1.3 billion (up 6.04% YoY), while the FY2025 annual figure was $1.3 billion, up 13.35% from the prior year.
• Cost of Revenue was $324.1 million for Q1 2026 at GDS Holdings, down from $330.2 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $330.2 million in Q4 2025 to a low of $263.6 million in Q3 2022.
• Historically, Cost of Revenue has averaged $293.5 million across 5 years, with a median of $286.4 million in 2025.
• The sharpest annual moves came in 2022 and 2025: Cost of Revenue jumped 38.73% in 2022, then dropped 4.02% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $277.8 million in 2022, then increased by 7.7% to $299.2 million in 2023, then decreased by 3.26% to $289.4 million in 2024, then gained by 14.1% to $330.2 million in 2025, then slipped by 1.86% to $324.1 million in 2026.
• The last three Cost of Revenue figures came in at $324.1 million (Q1 2026), $330.2 million (Q4 2025), and $315.8 million (Q3 2025), per Business Quant data.