GDS Holdings (GDS) Notes Payables (2015 - 2025)
GDS Holdings' Notes Payables was $58 million in the quarter ended Dec 31, 2025, down 76.8% from $250.38 million a year earlier.
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Analysis
GDS Holdings (GDS) Notes Payables (2015 - 2025) Analysis & Trends
As of Dec 31, 2025, Notes Payables at GDS Holdings came in at $57.25 million, down 77.1% from the prior year.
- Notes Payables shows a five-year compound annual growth rate of -21.0% (years ended Dec 2020 to Dec 2025).
- In earlier years, Notes Payables was $250.3 million in the year ended Dec 31, 2024 (+326.6%), $58.67 million in the year ended Dec 31, 2023 (-74.7%), $232.31 million in the year ended Dec 31, 2022 (-68.0%) and $725.69 million in the year ended Dec 31, 2021 (+290.8%).
- The figure for the quarter ended Dec 31, 2025 marks the lowest quarterly Notes Payables since the quarter ended Dec 31, 2019.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn |
| 10 | GDS Holdings | 4.27 Bn | -4.01 Bn | 97.55 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 58.80 Mn |
| Dec 31, 2024 | 246.44 Mn |
| Dec 31, 2023 | 59.44 Mn |
| Dec 31, 2022 | 237.28 Mn |
| Dec 31, 2021 | 728.12 Mn |
| Dec 31, 2020 | 188.70 Mn |
| Jun 30, 2020 | 103.71 Mn |
| Dec 31, 2019 | 56.86 Mn |
| Sep 30, 2019 | 41.59 Mn |
| Dec 31, 2018 | 99.57 Mn |
| Dec 31, 2017 | 70.88 Mn |
| Sep 30, 2017 | 47.12 Mn |
| Dec 31, 2016 | 34.52 Mn |
| Dec 31, 2015 | 51.38 Mn |
API Access
GDS Holdings Notes Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=notes-payables&ticker=GDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "notes-payables", "ticker": "GDS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=notes-payables&ticker=GDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();