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.

• On a quarterly basis, Operating Leases fell 4.76% year-over-year to $169.7 million in Q4 2025; TTM through Dec 2025 was $169.7 million, a 4.76% decrease from a year earlier, with the FY2025 full-year figure at $167.5 million, down 99.9% from the prior year.
• Operating Leases slipped to $169.7 million in Q4 2025 per GDS's latest filing, from $176.0 million in the prior quarter.
• Across five years, Operating Leases topped out at $310.3 million in Q1 2022 and bottomed at $169.7 million in Q4 2025.
• The 5-year median for Operating Leases is $227.5 million (2022), against an average of $230.1 million.
• Across the five-year window, Operating Leases jumped 138.39% in 2021 and slipped 22.78% in 2022, its largest moves.
• Year by year, Operating Leases 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.
• Per Business Quant, the three latest GDS Operating Leases figures stand at $169.7 million (Q4 2025), $176.0 million (Q1 2025), and $178.2 million (Q4 2024).