GDS Holdings (GDS) EBITDA (2015 - 2026)
GDS Holdings (GDS) posted EBITDA of $64.5 million for Q2 2026, down 50.8% on a QoQ basis from $131.1 million in Q1 2026, and up 12.52% year-over-year from $57.3 million in Q2 2025.
Analysis
GDS Holdings (GDS) EBITDA (2015 - 2026) Analysis & Trends
GDS Holdings has reported EBITDA for 12 years, with the latest figure at $64.5 million in Q2 2026.
- On a quarterly basis, EBITDA rose 12.52% year-over-year to $64.5 million in Q2 2026; TTM through Jun 2026 was $149.0 million, a 23.38% decrease from a year earlier, with the FY2025 full-year figure at -$7.8 million, down 104.84% from the prior year.
- EBITDA was $64.5 million for Q2 2026 at GDS Holdings, down from $131.1 million in the prior quarter.
- The five-year high for EBITDA was $165.6 million in Q1 2022, with the low at -$413.8 million in Q4 2023.
- Average EBITDA over 5 years is $16.6 million, with a median of $37.5 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: EBITDA plunged 2194.42% in 2023, then surged 309.15% in 2024.
- Over 5 years, EBITDA stood at $19.8 million in 2022, then slumped by 2194.42% to -$413.8 million in 2023, then soared by 109.99% to $41.3 million in 2024, then plunged by 508.67% to -$168.9 million in 2025, then soared by 138.19% to $64.5 million in 2026.
- The last three EBITDA figures came in at $64.5 million (Q2 2026), $131.1 million (Q1 2026), and -$168.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 665.00 Mn |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | -119.21 Mn |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | -124.82 Mn |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | -59.94 Mn |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | 64.50 Mn |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | -78.47 Mn |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | 135.34 Mn |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | 31.74 Mn |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | -2.69 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | -8.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 64.50 Mn |
| Mar 31, 2026 | 131.08 Mn |
| Dec 31, 2025 | -168.90 Mn |
| Sep 30, 2025 | 122.37 Mn |
| Jun 30, 2025 | 57.32 Mn |
| Mar 31, 2025 | 50.24 Mn |
| Dec 31, 2024 | 41.33 Mn |
| Sep 30, 2024 | 45.64 Mn |
| Jun 30, 2024 | 43.43 Mn |
| Mar 31, 2024 | 30.36 Mn |
| Dec 31, 2023 | -413.84 Mn |
| Sep 30, 2023 | 11.15 Mn |
| Jun 30, 2023 | 33.68 Mn |
| Mar 31, 2023 | 22.59 Mn |
| Dec 31, 2022 | 19.76 Mn |
| Sep 30, 2022 | 21.49 Mn |
| Jun 30, 2022 | 20.19 Mn |
| Mar 31, 2022 | 165.62 Mn |
| Dec 31, 2021 | 160.69 Mn |
| Sep 30, 2021 | 23.16 Mn |