Vnet (VNET) Capital Expenditures (2014 - 2025)

Vnet (VNET) has 12 years of Capital Expenditures data on file, last reported at -$258.8 million in Q4 2025.

• For the quarter ending Q4 2025, Capital Expenditures fell 26.54% year-over-year to -$258.8 million; the trailing twelve-month figure through Dec 2025 stood at -$1.1 billion (down 56.86% YoY), and the FY2025 full-year result was $1.1 billion, up 62.31% from the prior year.
• Capital Expenditures improved to -$258.8 million in Q4 2025, 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.
• A 5-year average of -$151.9 million and a median of -$138.3 million in 2024 frame the typical range for Capital Expenditures.
• Across the five-year window, Capital Expenditures sank 267.42% in 2021 and soared 44.13% in 2023, its largest moves.
• Tracing VNET's Capital Expenditures over 5 years: stood at -$146.8 million in 2021, then rose by 11.29% to -$130.3 million in 2022, then slipped by 10.01% to -$143.3 million in 2023, then sank by 42.72% to -$204.5 million in 2024, then dropped by 26.54% to -$258.8 million in 2025.
• Business Quant data shows VNET's Capital Expenditures at -$258.8 million in Q4 2025, -$306.8 million in Q3 2025, and -$261.1 million in Q2 2025.