GDS Holdings (GDS) Intangibles (2015 - 2025)
GDS Holdings (GDS) posted Intangibles of $38.5 million for Q4 2025, down 34.89% on a QoQ basis from $59.2 million in Q1 2025, and down 42.46% year-over-year from $67.0 million in Q4 2024.
Analysis
GDS Holdings (GDS) Intangibles (2015 - 2025) Analysis & Trends
GDS Holdings has reported Intangibles for 11 years, with the latest figure at $38.5 million in Q4 2025.
- On a quarterly basis, Intangibles fell 42.46% year-over-year to $38.5 million in Q4 2025; TTM through Dec 2025 was $38.5 million, a 42.46% decrease from a year earlier, with the FY2025 full-year figure at $38.0 million, down 43.21% from the prior year.
- Intangibles was $38.5 million for Q4 2025 at GDS Holdings, down from $59.2 million in the prior quarter.
- The five-year high for Intangibles was $200.6 million in Q4 2021, with the low at $38.5 million in Q4 2025.
- Average Intangibles over 5 years is $101.4 million, with a median of $81.3 million recorded in 2023.
- The sharpest annual moves came in 2021 and 2025: Intangibles surged 69.3% in 2021, then tumbled 42.46% in 2025.
- Over 5 years, Intangibles stood at $200.6 million in 2021, then declined by 26.57% to $147.3 million in 2022, then slumped by 35.11% to $95.6 million in 2023, then dropped by 29.93% to $67.0 million in 2024, then sank by 42.46% to $38.5 million in 2025.
- The last three Intangibles figures came in at $38.5 million (Q4 2025), $59.2 million (Q1 2025), and $67.0 million (Q4 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 1.20 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 133,000.00 |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 76.93 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | - |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | - |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 228.63 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | - |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | 13.49 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | 6.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 38.54 Mn |
| Mar 31, 2025 | 59.20 Mn |
| Dec 31, 2024 | 66.98 Mn |
| Dec 31, 2023 | 95.59 Mn |
| Dec 31, 2022 | 147.31 Mn |
| Dec 31, 2021 | 200.62 Mn |
| Dec 31, 2020 | 118.50 Mn |
| Jun 30, 2020 | 78.75 Mn |
| Dec 31, 2019 | 2.13 Mn |
| Sep 30, 2019 | 56.28 Mn |
| Dec 31, 2018 | 69.78 Mn |
| Dec 31, 2017 | 52.67 Mn |
| Sep 30, 2017 | 38.87 Mn |
| Dec 31, 2016 | 13.57 Mn |
| Dec 31, 2015 | 7.36 Mn |