Cash Flow Statement
Growth Metrics

Vnet (VNET) Convertible Debt (2020 - 2025)

Vnet has reported Convertible Debt over the past 6 years, most recently at $724.5 million for Q4 2025.

  • For Q4 2025, Convertible Debt rose 174.23% year-over-year to $724.5 million; the TTM value through Dec 2025 reached $724.5 million, up 174.23%, while the annual FY2025 figure was $734.8 million, 182.63% up from the prior year.
  • Convertible Debt was $724.5 million for Q4 2025 at Vnet, down from $771.2 million in the prior quarter.
  • Across five years, Convertible Debt topped out at $913348.0 billion in Q2 2022 and bottomed at $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.
  • Year-over-year, Convertible Debt skyrocketed 124602632.85% in 2022 and then plummeted 100.0% in 2023.
  • Over 5 years, Convertible Debt stood at $667.4 million in 2021, then rose by 23.44% to $823.8 million in 2022, then tumbled by 70.16% to $245.8 million in 2023, then grew by 7.47% to $264.2 million in 2024, then skyrocketed by 174.23% to $724.5 million in 2025.
  • The last three reported values for Convertible Debt were $724.5 million (Q4 2025), $771.2 million (Q3 2025), and $722.6 million (Q2 2025) per Business Quant data.