GDS Holdings GDS
NASDAQ GDS
$32.40 +0.40 (+1.25%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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