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

GDS Holdings' Notes Payables history runs 11 years deep, the most recent figure standing at $58.0 million for Q4 2025.

• In Q4 2025, Notes Payables fell 76.83% year-over-year to $58.0 million; the TTM figure through Dec 2025 stood at $58.0 million (down 76.83% YoY), while the FY2025 annual figure was $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.
• In the past five years, Notes Payables ranged from a high of $725.7 million in Q4 2021 to a low of $58.0 million in Q4 2025.
• Historically, Notes Payables has averaged $265.0 million across 5 years, with a median of $232.3 million in 2022.
• The sharpest annual moves came in 2024 and 2025: Notes Payables jumped 326.79% in 2024, then plunged 76.83% in 2025.
• A 5-year view of Notes Payables shows it stood at $725.7 million in 2021, then plunged by 67.99% to $232.3 million in 2022, then tumbled by 74.75% to $58.7 million in 2023, then surged by 326.79% to $250.4 million in 2024, then tumbled 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.