GDS Holdings (GDS) Total Debt (2015 - 2026)
GDS Holdings (GDS) posted Total Debt of $4.0 billion for Q2 2026, up 5.3% on a QoQ basis from $3.8 billion in Q1 2026, and up 10.08% year-over-year from $3.6 billion in Q2 2025.
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GDS Holdings (GDS) Total Debt (2015 - 2026) Analysis & Trends
GDS Holdings has reported Total Debt for 12 years, with the latest figure at $4.0 billion in Q2 2026.
- On a quarterly basis, Total Debt rose 10.08% year-over-year to $4.0 billion in Q2 2026; TTM through Jun 2026 was $4.0 billion, a 10.08% increase from a year earlier, with the FY2025 full-year figure at $3.8 billion, down 0.68% from the prior year.
- Total Debt was $4.0 billion for Q2 2026 at GDS Holdings, up from $3.8 billion in the prior quarter.
- The five-year high for Total Debt was $4.6 billion in Q3 2024, with the low at $3.6 billion in Q1 2025.
- Average Total Debt over 5 years is $3.9 billion, with a median of $3.8 billion recorded in 2022.
- The sharpest annual moves came in 2022 and 2025: Total Debt soared 90.37% in 2022, then slipped 23.17% in 2025.
- Over 5 years, Total Debt stood at $3.8 billion in 2022, then dropped by 6.96% to $3.6 billion in 2023, then gained by 2.49% to $3.7 billion in 2024, then gained by 3.12% to $3.8 billion in 2025, then gained by 6.6% to $4.0 billion in 2026.
- The last three Total Debt figures came in at $4.0 billion (Q2 2026), $3.8 billion (Q1 2026), and $3.8 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn | 19.69 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn | 4.21 Bn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn | 4.98 Bn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn | 5.64 Bn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn | 4.02 Bn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn | 6.11 Bn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn | 2.52 Bn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn | 600.20 Mn |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn | 64.89 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 74.23 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.02 Bn |
| Mar 31, 2026 | 3.81 Bn |
| Dec 31, 2025 | 3.77 Bn |
| Sep 30, 2025 | 3.57 Bn |
| Jun 30, 2025 | 3.65 Bn |
| Mar 31, 2025 | 3.56 Bn |
| Dec 31, 2024 | 3.65 Bn |
| Sep 30, 2024 | 4.65 Bn |
| Jun 30, 2024 | 4.37 Bn |
| Mar 31, 2024 | 4.31 Bn |
| Dec 31, 2023 | 3.57 Bn |
| Sep 30, 2023 | 4.03 Bn |
| Jun 30, 2023 | 3.94 Bn |
| Mar 31, 2023 | 4.09 Bn |
| Dec 31, 2022 | 3.83 Bn |
| Sep 30, 2022 | 3.74 Bn |
| Jun 30, 2022 | 3.74 Bn |
| Mar 31, 2022 | 4.08 Bn |
| Dec 31, 2021 | 4.31 Bn |
| Sep 30, 2021 | 2.93 Bn |