GDS Holdings (GDS) Revenue (2014 - 2026)
GDS Holdings (GDS) posted Revenue of $455.1 million for Q2 2026, down 6.76% on a QoQ basis from $488.1 million in Q1 2026, and up 12.41% year-over-year from $404.9 million in Q2 2025.
Analysis
GDS Holdings (GDS) Revenue (2014 - 2026) Analysis & Trends
GDS Holdings has reported Revenue for 13 years, with the latest figure at $455.1 million in Q2 2026.
- On a quarterly basis, Revenue rose 12.41% year-over-year to $455.1 million in Q2 2026; TTM through Jun 2026 was $1.8 billion, a 12.42% increase from a year earlier, with the FY2025 full-year figure at $1.6 billion, up 14.93% from the prior year.
- Revenue was $455.1 million for Q2 2026 at GDS Holdings, down from $488.1 million in the prior quarter.
- The five-year high for Revenue was $488.1 million in Q1 2026, with the low at $332.8 million in Q3 2022.
- Average Revenue over 5 years is $381.6 million, with a median of $366.3 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2025: Revenue surged 35.92% in 2022, then decreased 4.04% in 2025.
- Over 5 years, Revenue stood at $348.6 million in 2022, then advanced by 3.31% to $360.1 million in 2023, then increased by 2.37% to $368.6 million in 2024, then rose by 13.34% to $417.8 million in 2025, then climbed by 8.93% to $455.1 million in 2026.
- The last three Revenue figures came in at $455.1 million (Q2 2026), $488.1 million (Q1 2026), and $417.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 2.63 Bn |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | 44.77 Mn |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | 258.75 Mn |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | 24.84 Mn |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | 455.11 Mn |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | 164.20 Mn |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | 409.54 Mn |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | 130.47 Mn |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | 28.84 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 3.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 455.11 Mn |
| Mar 31, 2026 | 488.13 Mn |
| Dec 31, 2025 | 417.80 Mn |
| Sep 30, 2025 | 405.55 Mn |
| Jun 30, 2025 | 404.87 Mn |
| Mar 31, 2025 | 375.26 Mn |
| Dec 31, 2024 | 368.62 Mn |
| Sep 30, 2024 | 422.61 Mn |
| Jun 30, 2024 | 388.92 Mn |
| Mar 31, 2024 | 363.89 Mn |
| Dec 31, 2023 | 360.07 Mn |
| Sep 30, 2023 | 345.26 Mn |
| Jun 30, 2023 | 340.91 Mn |
| Mar 31, 2023 | 350.77 Mn |
| Dec 31, 2022 | 348.55 Mn |
| Sep 30, 2022 | 332.83 Mn |
| Jun 30, 2022 | 344.94 Mn |
| Mar 31, 2022 | 353.92 Mn |
| Dec 31, 2021 | 342.13 Mn |
| Sep 30, 2021 | 319.93 Mn |