Vnet VNET
NASDAQ VNET
$6.06 +0.10 (+1.68%)
As of: Sep 16, 2026 · 3:59 PM EDT

Vnet (VNET) Capital Expenditures (2014 - 2026)

Vnet's (VNET) quarterly Capital Expenditures came in at -$223.0 million in Q2 2026, up 14.57% year-over-year from -$194.7 million in Q2 2025, and up 12.21% quarter-over-quarter from -$254.1 million in Q1 2026.

Analysis

Vnet (VNET) Capital Expenditures (2014 - 2026) Analysis & Trends

Vnet has disclosed Capital Expenditures across 13 years of filings, most recently posting -$223.0 million for Q2 2026.

  • In Q2 2026, Capital Expenditures rose 14.57% year-over-year to -$223.0 million; the TTM figure through Jun 2026 stood at -$1.0 billion (down 13.85% YoY), while the FY2025 annual figure was -$1.1 billion, down 62.31% from the prior year.
  • Capital Expenditures came in at -$223.0 million for Q2 2026 at Vnet, up from -$254.1 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.
  • Average Capital Expenditures over 5 years is -$172.1 million, with a median of -$151.0 million recorded in 2022.
  • Year-over-year, Capital Expenditures jumped 44.13% in 2023 and tumbled 152.35% in 2024.
  • Over 5 years, Capital Expenditures stood at -$130.3 million in 2022, then dropped by 10.01% to -$143.3 million in 2023, then slumped by 42.72% to -$204.5 million in 2024, then declined by 26.54% to -$258.8 million in 2025, then gained by 13.83% to -$223.0 million in 2026.
  • Per Business Quant data, the three most recent Capital Expenditures figures were -$223.0 million in Q2 2026, -$254.1 million in Q1 2026, and -$258.8 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn 1.58 Bn
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn 855.56 Mn
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn 410.30 Mn
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn 1.29 Bn
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn -
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn 565.02 Mn
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn -223.03 Mn
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn -
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn -
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -223.03 Mn
Mar 31, 2026 -254.05 Mn
Dec 31, 2025 -258.81 Mn
Sep 30, 2025 -306.84 Mn
Jun 30, 2025 -261.08 Mn
Mar 31, 2025 -246.95 Mn
Dec 31, 2024 -204.54 Mn
Sep 30, 2024 -203.33 Mn
Jun 30, 2024 -137.40 Mn
Mar 31, 2024 -139.24 Mn
Dec 31, 2023 -143.31 Mn
Sep 30, 2023 -129.72 Mn
Jun 30, 2023 -54.45 Mn
Mar 31, 2023 -88.64 Mn
Dec 31, 2022 -130.26 Mn
Sep 30, 2022 -79.22 Mn
Jun 30, 2022 -78.81 Mn
Mar 31, 2022 -158.65 Mn
Dec 31, 2021 -146.84 Mn
Sep 30, 2021 -100.97 Mn