Vnet (VNET) Construction in Progress (2011 - 2025)

Vnet has disclosed Construction in Progress across 15 years of filings, most recently posting $317.4 million for Q4 2025.

• In Q4 2025, Construction in Progress fell 49.65% year-over-year to $317.4 million; the TTM figure through Dec 2025 stood at $317.4 million (down 49.65% YoY), while the FY2025 annual figure was $313.3 million, down 50.31% from the prior year.
• Construction in Progress came in at $317.4 million for Q4 2025 at Vnet, down from $630.5 million in the prior quarter.
• In the past five years, Construction in Progress ranged from a high of $630.5 million in Q4 2024 to a low of $317.4 million in Q4 2025.
• Average Construction in Progress over 5 years is $467.2 million, with a median of $479.5 million recorded in 2023.
• Year-over-year, Construction in Progress soared 50.29% in 2021 and tumbled 49.65% in 2025.
• Over 5 years, Construction in Progress stood at $506.7 million in 2021, then dropped by 23.12% to $389.5 million in 2022, then advanced by 22.81% to $478.4 million in 2023, then jumped by 31.81% to $630.5 million in 2024, then plunged by 49.65% to $317.4 million in 2025.
• Per Business Quant data, the three most recent Construction in Progress figures were $317.4 million in Q4 2025, $630.5 million in Q4 2024, and $480.7 million in Q3 2024.