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

GDS Holdings has reported Operating Expenses for 12 years, with the latest figure at -$28.3 million in Q2 2026.

• On a quarterly basis, Operating Expenses rose 15.6% year-over-year to -$28.3 million in Q2 2026; TTM through Jun 2026 was -$117.9 million, a 19.76% increase from a year earlier, with the FY2025 full-year figure at $367.5 million, up 146.58% from the prior year.
• Operating Expenses was -$28.3 million for Q2 2026 at GDS Holdings, down from -$27.0 million in the prior quarter.
• The five-year high for Operating Expenses was -$27.0 million in Q1 2026, with the low at -$48.8 million in Q1 2022.
• Average Operating Expenses over 5 years is -$39.2 million, with a median of -$41.8 million recorded in 2024.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses slumped 33.06% in 2022, then climbed 23.45% in 2025.
• Over 5 years, Operating Expenses stood at -$44.4 million in 2022, then declined by 2.17% to -$45.3 million in 2023, then advanced by 19.64% to -$36.4 million in 2024, then rose by 18.84% to -$29.6 million in 2025, then rose by 4.23% to -$28.3 million in 2026.
• The last three Operating Expenses figures came in at -$28.3 million (Q2 2026), -$27.0 million (Q1 2026), and -$29.6 million (Q4 2025), per Business Quant data.