GDS Holdings (GDS) Operating Leases (2019 - 2026)
GDS Holdings (GDS) posted Operating Leases of $169.7 million for Q2 2026, down 1.05% on a QoQ basis from $171.5 million in Q1 2026, and down 2.75% year-over-year from $174.5 million in Q2 2025.
Analysis
GDS Holdings (GDS) Operating Leases (2019 - 2026) Analysis & Trends
GDS Holdings has reported Operating Leases for 8 years, with the latest figure at $169.7 million in Q2 2026.
- On a quarterly basis, Operating Leases fell 2.75% year-over-year to $169.7 million in Q2 2026; TTM through Jun 2026 was $169.7 million, a 2.75% decrease from a year earlier, with the FY2025 full-year figure at $172.1 million, down 1.84% from the prior year.
- Operating Leases was $169.7 million for Q2 2026 at GDS Holdings, down from $171.5 million in the prior quarter.
- The five-year high for Operating Leases was $310.3 million in Q1 2022, with the low at $169.7 million in Q4 2025.
- Average Operating Leases over 5 years is $202.9 million, with a median of $187.8 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Leases climbed 23.2% in 2022, then dropped 26.18% in 2023.
- Over 5 years, Operating Leases stood at $227.5 million in 2022, then slipped by 17.93% to $186.7 million in 2023, then decreased by 4.58% to $178.2 million in 2024, then retreated by 4.76% to $169.7 million in 2025, then increased by 0.03% to $169.7 million in 2026.
- The last three Operating Leases figures came in at $169.7 million (Q2 2026), $171.5 million (Q1 2026), and $169.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 169.74 Mn |
| Mar 31, 2026 | 171.53 Mn |
| Dec 31, 2025 | 169.68 Mn |
| Sep 30, 2025 | 172.89 Mn |
| Jun 30, 2025 | 174.54 Mn |
| Mar 31, 2025 | 175.23 Mn |
| Dec 31, 2024 | 178.16 Mn |
| Sep 30, 2024 | 188.93 Mn |
| Jun 30, 2024 | 184.91 Mn |
| Mar 31, 2024 | 190.08 Mn |
| Dec 31, 2023 | 186.70 Mn |
| Sep 30, 2023 | 197.67 Mn |
| Jun 30, 2023 | 211.42 Mn |
| Mar 31, 2023 | 229.04 Mn |
| Dec 31, 2022 | 227.50 Mn |
| Sep 30, 2022 | 247.17 Mn |
| Jun 30, 2022 | 267.15 Mn |
| Mar 31, 2022 | 310.28 Mn |
| Dec 31, 2021 | 294.61 Mn |
| Sep 30, 2021 | 270.46 Mn |