Vnet (VNET) Capital Expenditures (2014 - 2025)

Vnet has disclosed Capital Expenditures across 12 years of filings, most recently posting -$258.8 million for Q4 2025.

• Capital Expenditures for Q4 2025 came in at -$258.8 million, down 26.54% year-over-year; the trailing twelve-month figure through Dec 2025 was -$1.1 billion (down 56.86% YoY), and the FY2025 annual result was $1.1 billion, up 62.31% from the prior year.
• Capital Expenditures came in at -$258.8 million for Q4 2025 at Vnet, up from -$306.8 million in the prior quarter.
• In the past five years, Capital Expenditures ranged from a high of -$54.4 million in Q2 2023 to a low of -$306.8 million in Q3 2025.
• The 5-year median for Capital Expenditures is -$138.3 million (2024), against an average of -$151.9 million.
• Across the five-year window, Capital Expenditures tumbled 267.42% in 2021 and soared 44.13% in 2023, its largest moves.
• Vnet's Capital Expenditures stood at -$146.8 million in 2021, then gained by 11.29% to -$130.3 million in 2022, then dropped by 10.01% to -$143.3 million in 2023, then plunged by 42.72% to -$204.5 million in 2024, then declined by 26.54% to -$258.8 million in 2025.
• The last three Capital Expenditures figures came in at -$258.8 million (Q4 2025), -$306.8 million (Q3 2025), and -$261.1 million (Q2 2025), per Business Quant data.