KPIs & Operating Metrics(New)
Growth Metrics

GDS Holdings (GDS) Operating Leases (2018 - 2025)

GDS Holdings has reported Operating Leases over the past 8 years, most recently at $169.7 million for Q4 2025.

  • For Q4 2025, Operating Leases fell 4.76% year-over-year to $169.7 million; the TTM value through Dec 2025 reached $169.7 million, down 4.76%, while the annual FY2025 figure was $167.5 million, 99.9% down from the prior year.
  • Operating Leases for Q4 2025 was $169.7 million at GDS Holdings, up from $11.2 million in the prior quarter.
  • Over five years, Operating Leases peaked at $310.3 million in Q1 2022 and troughed at $11.2 million in Q1 2025.
  • A 5-year average of $215.1 million and a median of $227.5 million in 2022 define the central range for Operating Leases.
  • Biggest five-year swings in Operating Leases: surged 138.39% in 2021 and later plummeted 94.09% in 2025.
  • Year by year, Operating Leases stood at $294.6 million in 2021, then fell by 22.78% to $227.5 million in 2022, then dropped by 17.93% to $186.7 million in 2023, then fell by 4.58% to $178.2 million in 2024, then decreased by 4.76% to $169.7 million in 2025.
  • Business Quant data shows Operating Leases for GDS at $169.7 million in Q4 2025, $11.2 million in Q1 2025, and $178.2 million in Q4 2024.