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

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

Historic Data

Download Data
DateValue
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