KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Consolidated Net IncomeCost of RevenueEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Equity IncomeGross ProfitIncome from Continuing OperationsIncome from Non-Controlling InterestsIncome towards Parent CompanyInterest & Investment IncomeInterest ExpensesInterest ExpensesNet Income towards Common StockholdersNon Operating IncomeNon Operating Investment IncomeNon Operating Investment IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTax Rate
Others
Ratios

GDS Holdings (GDS) Operating Expenses (2016 - 2025)

GDS Holdings has reported Operating Expenses over the past 11 years, most recently at -$29.6 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 18.84% year-over-year to -$29.6 million; the TTM value through Dec 2025 reached -$130.4 million, up 20.76%, while the annual FY2025 figure was $367.5 million, 146.58% up from the prior year.
  • Operating Expenses for Q4 2025 was -$29.6 million at GDS Holdings, up from -$33.2 million in the prior quarter.
  • Over five years, Operating Expenses peaked at -$29.6 million in Q4 2025 and troughed at -$48.8 million in Q1 2022.
  • A 5-year average of -$40.6 million and a median of -$42.5 million in 2021 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: tumbled 306.53% in 2021 and later increased 23.45% in 2025.
  • Year by year, Operating Expenses stood at -$46.0 million in 2021, then increased by 3.54% to -$44.4 million in 2022, then fell by 2.17% to -$45.3 million in 2023, then rose by 19.64% to -$36.4 million in 2024, then grew by 18.84% to -$29.6 million in 2025.
  • Business Quant data shows Operating Expenses for GDS at -$29.6 million in Q4 2025, -$33.2 million in Q3 2025, and -$33.6 million in Q2 2025.