GDS Holdings (GDS) Notes Payables (2015 - 2025)

GDS Holdings has reported Notes Payables for 11 years, with the latest figure at $58.0 million in Q4 2025.

• On a quarterly basis, Notes Payables fell 76.83% year-over-year to $58.0 million in Q4 2025; TTM through Dec 2025 was $58.0 million, a 76.83% decrease from a year earlier, with the FY2025 full-year figure at $57.2 million, down 77.14% from the prior year.
• Notes Payables was $58.0 million for Q4 2025 at GDS Holdings, down from $250.4 million in the prior quarter.
• The five-year high for Notes Payables was $725.7 million in Q4 2021, with the low at $58.0 million in Q4 2025.
• Average Notes Payables over 5 years is $265.0 million, with a median of $232.3 million recorded in 2022.
• The sharpest annual moves came in 2024 and 2025: Notes Payables surged 326.79% in 2024, then tumbled 76.83% in 2025.
• Over 5 years, Notes Payables stood at $725.7 million in 2021, then tumbled by 67.99% to $232.3 million in 2022, then slumped by 74.75% to $58.7 million in 2023, then soared by 326.79% to $250.4 million in 2024, then slumped by 76.83% to $58.0 million in 2025.
• The last three Notes Payables figures came in at $58.0 million (Q4 2025), $250.4 million (Q4 2024), and $58.7 million (Q4 2023), per Business Quant data.