GDS Holdings (GDS) Goodwill (2014 - 2025)
GDS Holdings (GDS) posted Goodwill of $731.4 million for Q4 2025, down 6.1% on a QoQ basis from $778.9 million in Q1 2025, and down 10.74% year-over-year from $819.5 million in Q4 2024.
Analysis
GDS Holdings (GDS) Goodwill (2014 - 2025) Analysis & Trends
GDS Holdings has reported Goodwill for 12 years, with the latest figure at $731.4 million in Q4 2025.
- On a quarterly basis, Goodwill fell 10.74% year-over-year to $731.4 million in Q4 2025; TTM through Dec 2025 was $731.4 million, a 10.74% decrease from a year earlier, with the FY2025 full-year figure at $721.9 million, down 11.91% from the prior year.
- Goodwill was $731.4 million for Q4 2025 at GDS Holdings, down from $778.9 million in the prior quarter.
- The five-year high for Goodwill was $1.1 billion in Q4 2021, with the low at $13.8 million in Q1 2021.
- Average Goodwill over 5 years is $751.9 million, with a median of $817.5 million recorded in 2023.
- The sharpest annual moves came in 2021 and 2023: Goodwill surged 182.52% in 2021, then retreated 17.83% in 2023.
- Over 5 years, Goodwill stood at $1.1 billion in 2021, then slipped by 10.11% to $995.0 million in 2022, then decreased by 17.83% to $817.5 million in 2023, then rose by 0.24% to $819.5 million in 2024, then decreased by 10.74% to $731.4 million in 2025.
- The last three Goodwill figures came in at $731.4 million (Q4 2025), $778.9 million (Q1 2025), and $819.5 million (Q4 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 731.43 Mn |
| Mar 31, 2025 | 778.91 Mn |
| Dec 31, 2024 | 819.48 Mn |
| Dec 31, 2023 | 817.54 Mn |
| Dec 31, 2022 | 994.99 Mn |
| Dec 31, 2021 | 1.11 Bn |
| Mar 31, 2021 | 13.85 Mn |
| Dec 31, 2020 | 391.78 Mn |
| Jun 30, 2020 | 71.06 Mn |
| Dec 31, 2019 | 270.40 Mn |
| Sep 30, 2019 | 249.95 Mn |
| Dec 31, 2018 | 253.39 Mn |
| Mar 31, 2018 | 246.90 Mn |
| Dec 31, 2017 | 237.41 Mn |
| Sep 30, 2017 | 224.59 Mn |
| Dec 31, 2016 | 196.56 Mn |
| Dec 31, 2015 | 202.92 Mn |
| Dec 31, 2014 | 210.94 Mn |