GDS Holdings GDS
NASDAQ GDS
$32.40 +0.40 (+1.25%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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