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

GDS Holdings' Operating Leases history runs 8 years deep, the most recent figure standing at $169.7 million for Q4 2025.

• In Q4 2025, Operating Leases fell 4.76% year-over-year to $169.7 million; the TTM figure through Dec 2025 stood at $169.7 million (down 4.76% YoY), while the FY2025 annual figure was $167.5 million, down 99.9% from the prior year.
• Operating Leases was $169.7 million for Q4 2025 at GDS Holdings, up from $11.2 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $310.3 million in Q1 2022 to a low of $11.2 million in Q1 2025.
• Historically, Operating Leases has averaged $215.1 million across 5 years, with a median of $227.5 million in 2022.
• The sharpest annual moves came in 2021 and 2025: Operating Leases surged 138.39% in 2021, then slumped 94.09% in 2025.
• A 5-year view of Operating Leases shows it stood at $294.6 million in 2021, then dropped by 22.78% to $227.5 million in 2022, then decreased by 17.93% to $186.7 million in 2023, then retreated by 4.58% to $178.2 million in 2024, then fell by 4.76% to $169.7 million in 2025.
• The last three Operating Leases figures came in at $169.7 million (Q4 2025), $11.2 million (Q1 2025), and $178.2 million (Q4 2024), per Business Quant data.