GDS Holdings (GDS) Research & Development (2015 - 2026)
GDS Holdings (GDS) posted Research & Development of -$1.0 million for Q2 2026, up 24.96% on a QoQ basis from -$1.4 million in Q1 2026, and up 15.58% year-over-year from -$899775.3 in Q2 2025.
Analysis
GDS Holdings (GDS) Research & Development (2015 - 2026) Analysis & Trends
GDS Holdings has reported Research & Development for 12 years, with the latest figure at -$1.0 million in Q2 2026.
- On a quarterly basis, Research & Development rose 15.58% year-over-year to -$1.0 million in Q2 2026; TTM through Jun 2026 was -$4.7 million, a 4.52% decrease from a year earlier, with the FY2025 full-year figure at -$4.7 million, up 6.57% from the prior year.
- Research & Development was -$1.0 million for Q2 2026 at GDS Holdings, up from -$1.4 million in the prior quarter.
- The five-year high for Research & Development was -$696000.0 in Q2 2023, with the low at -$1.8 million in Q4 2023.
- Average Research & Development over 5 years is -$1.3 million, with a median of -$1.3 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Research & Development soared 50.25% in 2023, then tumbled 115.23% in 2024.
- Over 5 years, Research & Development stood at -$1.4 million in 2022, then declined by 24.52% to -$1.8 million in 2023, then soared by 47.86% to -$940000.0 in 2024, then retreated by 17.66% to -$1.1 million in 2025, then increased by 5.97% to -$1.0 million in 2026.
- The last three Research & Development figures came in at -$1.0 million (Q2 2026), -$1.4 million (Q1 2026), and -$1.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 239.00 Mn |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | - |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | - |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | - |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | -1.04 Mn |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | - |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | -11.08 Mn |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | - |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.04 Mn |
| Mar 31, 2026 | -1.39 Mn |
| Dec 31, 2025 | -1.11 Mn |
| Sep 30, 2025 | -1.16 Mn |
| Jun 30, 2025 | -1.23 Mn |
| Mar 31, 2025 | -1.09 Mn |
| Dec 31, 2024 | -940,000.00 |
| Sep 30, 2024 | -1.23 Mn |
| Jun 30, 2024 | -1.50 Mn |
| Mar 31, 2024 | -1.38 Mn |
| Dec 31, 2023 | -1.80 Mn |
| Sep 30, 2023 | -1.44 Mn |
| Jun 30, 2023 | -696,000.00 |
| Mar 31, 2023 | -1.43 Mn |
| Dec 31, 2022 | -1.45 Mn |
| Sep 30, 2022 | -939,000.00 |
| Jun 30, 2022 | -1.40 Mn |
| Mar 31, 2022 | -1.54 Mn |
| Dec 31, 2021 | -1.95 Mn |
| Sep 30, 2021 | -1.40 Mn |