GDS Holdings (GDS) Receivables (2015 - 2026)
GDS Holdings (GDS) posted Receivables of $418.8 million for Q2 2026, down 1.92% on a QoQ basis from $427.0 million in Q1 2026, and up 2.04% year-over-year from $410.4 million in Q2 2025.
Analysis
GDS Holdings (GDS) Receivables (2015 - 2026) Analysis & Trends
GDS Holdings has reported Receivables for 12 years, with the latest figure at $418.8 million in Q2 2026.
- On a quarterly basis, Receivables rose 2.04% year-over-year to $418.8 million in Q2 2026; TTM through Jun 2026 was $418.8 million, a 2.04% increase from a year earlier, with the FY2025 full-year figure at $391.6 million, down 7.11% from the prior year.
- Receivables was $418.8 million for Q2 2026 at GDS Holdings, down from $427.0 million in the prior quarter.
- The five-year high for Receivables was $535.2 million in Q3 2024, with the low at $341.6 million in Q4 2022.
- Average Receivables over 5 years is $413.4 million, with a median of $407.9 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2025: Receivables jumped 34.68% in 2022, then decreased 25.13% in 2025.
- Over 5 years, Receivables stood at $341.6 million in 2022, then gained by 3.08% to $352.1 million in 2023, then climbed by 22.66% to $431.9 million in 2024, then slipped by 10.36% to $387.2 million in 2025, then grew by 8.16% to $418.8 million in 2026.
- The last three Receivables figures came in at $418.8 million (Q2 2026), $427.0 million (Q1 2026), and $387.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn | 1.34 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn | 13.20 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn | 56.31 Mn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn | 20.08 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn | 418.76 Mn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn | - |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn | 462.02 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn | 23.24 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 315,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 418.76 Mn |
| Mar 31, 2026 | 426.97 Mn |
| Dec 31, 2025 | 387.16 Mn |
| Sep 30, 2025 | 400.74 Mn |
| Jun 30, 2025 | 410.38 Mn |
| Mar 31, 2025 | 417.49 Mn |
| Dec 31, 2024 | 431.91 Mn |
| Sep 30, 2024 | 535.25 Mn |
| Jun 30, 2024 | 467.00 Mn |
| Mar 31, 2024 | 445.30 Mn |
| Dec 31, 2023 | 352.13 Mn |
| Sep 30, 2023 | 398.67 Mn |
| Jun 30, 2023 | 404.80 Mn |
| Mar 31, 2023 | 446.11 Mn |
| Dec 31, 2022 | 341.61 Mn |
| Sep 30, 2022 | 387.28 Mn |
| Jun 30, 2022 | 405.39 Mn |
| Mar 31, 2022 | 364.88 Mn |
| Dec 31, 2021 | 272.91 Mn |
| Sep 30, 2021 | 287.56 Mn |