Vnet (VNET) Convertible Debt (2020 - 2026)
Vnet's (VNET) quarterly Convertible Debt came in at $712.8 million in Q2 2026, down 1.37% year-over-year from $722.6 million in Q2 2025, and up 1.71% quarter-over-quarter from $700.8 million in Q1 2026.
Analysis
Vnet (VNET) Convertible Debt (2020 - 2026) Analysis & Trends
Vnet has disclosed Convertible Debt across 7 years of filings, most recently posting $712.8 million for Q2 2026.
- In Q2 2026, Convertible Debt fell 1.37% year-over-year to $712.8 million; the TTM figure through Jun 2026 stood at $712.8 million (down 1.37% YoY), while the FY2025 annual figure was $734.8 million, up 182.63% from the prior year.
- Convertible Debt came in at $712.8 million for Q2 2026 at Vnet, up from $700.8 million in the prior quarter.
- In the past five years, Convertible Debt ranged from a high of $913.3 million in Q2 2022 to a low of $75.6 million in Q4 2022.
- Average Convertible Debt over 5 years is $551.4 million, with a median of $666.6 million recorded in 2023.
- Year-over-year, Convertible Debt slumped 88.67% in 2022 and jumped 225.1% in 2023.
- Over 5 years, Convertible Debt stood at $75.6 million in 2022, then jumped by 225.1% to $245.8 million in 2023, then advanced by 7.47% to $264.2 million in 2024, then surged by 174.23% to $724.5 million in 2025, then dropped by 1.62% to $712.8 million in 2026.
- Per Business Quant data, the three most recent Convertible Debt figures were $712.8 million in Q2 2026, $700.8 million in Q1 2026, and $724.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 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
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 712.78 Mn |
| Mar 31, 2026 | 700.76 Mn |
| Dec 31, 2025 | 724.51 Mn |
| Sep 30, 2025 | 771.17 Mn |
| Jun 30, 2025 | 722.65 Mn |
| Mar 31, 2025 | 722.78 Mn |
| Dec 31, 2024 | 264.19 Mn |
| Sep 30, 2024 | 255.63 Mn |
| Jun 30, 2024 | 245.09 Mn |
| Mar 31, 2024 | 245.57 Mn |
| Dec 31, 2023 | 245.82 Mn |
| Sep 30, 2023 | 584.05 Mn |
| Jun 30, 2023 | 611.36 Mn |
| Mar 31, 2023 | 666.62 Mn |
| Dec 31, 2022 | 75.61 Mn |
| Jun 30, 2022 | 913.35 Mn |
| Mar 31, 2022 | 911.57 Mn |
| Dec 31, 2021 | 667.39 Mn |
| Sep 30, 2021 | 709.15 Mn |
| Jun 30, 2021 | 733.01 Mn |