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 for Q1 2026 stood at $324.1 million, down from $330.2 million in the prior quarter.
• The five-year high for Cost of Revenue was $330.2 million in Q4 2025, with the low at $263.6 million in Q3 2022.
• The 5-year median for Cost of Revenue is $286.4 million (2025), against an average of $293.5 million.
• The sharpest annual moves came in 2022 and 2025: Cost of Revenue soared 38.73% in 2022, then slipped 4.02% in 2025.
• GDS Holdings' Cost of Revenue stood at $277.8 million in 2022, then grew by 7.7% to $299.2 million in 2023, then retreated by 3.26% to $289.4 million in 2024, then rose by 14.1% to $330.2 million in 2025, then decreased by 1.86% to $324.1 million in 2026.
• Business Quant data shows GDS's Cost of Revenue at $324.1 million in Q1 2026, $330.2 million in Q4 2025, and $315.8 million in Q3 2025.