GDS Holdings GDS
NASDAQ GDS
$30.37 -0.07 (-0.23%)
As of: Sep 16, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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