GDS Holdings (GDS) Operating Expenses (2015 - 2026)

GDS Holdings' Operating Expenses history runs 12 years deep, the most recent figure standing at -$27.0 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 20.63% year-over-year to -$27.0 million in Q1 2026; TTM through Mar 2026 was -$123.0 million, a 20.17% increase from a year earlier, with the FY2025 full-year figure at $367.5 million, up 146.66% from the prior year.
• Operating Expenses improved to -$27.0 million in Q1 2026 per GDS's latest filing, from -$29.6 million in the prior quarter.
• Across five years, Operating Expenses topped out at -$27.0 million in Q1 2026 and bottomed at -$48.8 million in Q1 2022.
• The 5-year median for Operating Expenses is -$43.0 million (2024), against an average of -$39.8 million.
• Across the five-year window, Operating Expenses tumbled 33.06% in 2022 and grew 23.45% in 2025, its largest moves.
• Year by year, Operating Expenses stood at -$44.4 million in 2022, then dropped by 2.17% to -$45.3 million in 2023, then gained by 19.64% to -$36.4 million in 2024, then increased by 18.84% to -$29.6 million in 2025, then increased by 8.69% to -$27.0 million in 2026.
• Per Business Quant, the three latest GDS Operating Expenses figures stand at -$27.0 million (Q1 2026), -$29.6 million (Q4 2025), and -$33.2 million (Q3 2025).