Vnet (VNET) Convertible Debt (2020 - 2025)

Vnet has disclosed Convertible Debt across 6 years of filings, most recently posting $724.5 million for Q4 2025.

• Convertible Debt for Q4 2025 came in at $724.5 million, up 174.23% year-over-year; the trailing twelve-month figure through Dec 2025 was $724.5 million (up 174.23% YoY), and the FY2025 annual result was $734.8 million, up 182.63% from the prior year.
• Convertible Debt came in at $724.5 million for Q4 2025 at Vnet, down from $771.2 million in the prior quarter.
• In the past five years, Convertible Debt ranged from a high of $913348.0 billion in Q2 2022 to a low of $245.1 million in Q2 2024.
• The 5-year median for Convertible Debt is $728.8 million (2025), against an average of $58054.1 billion.
• Across the five-year window, Convertible Debt jumped 124602632.85% in 2022 and slumped 100.0% in 2023, its largest moves.
• Vnet's Convertible Debt stood at $667.4 million in 2021, then gained by 23.44% to $823.8 million in 2022, then plunged by 70.16% 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.
• The last three Convertible Debt figures came in at $724.5 million (Q4 2025), $771.2 million (Q3 2025), and $722.6 million (Q2 2025), per Business Quant data.