Vnet (VNET) Convertible Debt (2020 - 2026)
Vnet (VNET) recorded Convertible Debt of $712.78 million in the quarter ended Jun 30, 2026, down 1.4% from $722.65 million a year earlier but up 1.7% from the prior quarter.
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Analysis
Vnet (VNET) Convertible Debt (2020 - 2026) Analysis & Trends
As of Dec 31, 2025, Vnet reported Convertible Debt of $734.82 million, up 182.6% from the prior year.
- Annual Convertible Debt has a five-year compound annual growth rate of 9.7% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Convertible Debt came in at $259.99 million in the year ended Dec 31, 2024 (+4.3%), $249.29 million in the year ended Dec 31, 2023 (-70.7%), $849.51 million in the year ended Dec 31, 2022 (+26.9%) and $669.58 million in the year ended Dec 31, 2021 (+45.0%).
- Quarterly Convertible Debt has ranged from $245.09 million in the quarter ended Jun 30, 2024 to $823.84 million in the quarter ended Dec 31, 2022 over the past five years.
- On a year-over-year basis, Convertible Debt rose in five of the last six quarters, with growth averaging 96.8%.
- Peak year-over-year performance for Convertible Debt in the last five years was growth of 201.7% in the quarter ended Sep 30, 2025, against a decline of 70.2% in the quarter ended Dec 31, 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $700.76 million (quarter ended Mar 31, 2026), $724.51 million (quarter ended Dec 31, 2025) and $771.17 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,960.03 Bn | 3,883.19 Bn | 60.48 Bn |
| 2 | International Business Machines | 235.53 Bn | 186.34 Bn | 9.91 Bn |
| 3 | Cloudflare | 108.82 Bn | 92.35 Bn | 499.52 Mn |
| 4 | Equinix | 98.02 Bn | 86.58 Bn | 1.40 Bn |
| 5 | Nebius | 41.68 Bn | 15.11 Bn | 448.70 Mn |
| 6 | CoreWeave | 34.12 Bn | 21.21 Bn | 1.70 Bn |
| 7 | Verisign | 27.89 Bn | 25.10 Bn | 384.60 Mn |
| 8 | Nutanix | 18.85 Bn | 10.53 Bn | 651.35 Mn |
| 9 | GoDaddy | 14.18 Bn | 9.76 Bn | 828.20 Mn |
| 10 | Vnet | 1.11 Bn | -2.62 Bn | 74.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 712.78 Mn |
| Mar 31, 2026 | 700.76 Mn |
| Dec 31, 2025 | 734.50 Mn |
| Sep 30, 2025 | 771.17 Mn |
| Jun 30, 2025 | 722.65 Mn |
| Mar 31, 2025 | 722.78 Mn |
| Dec 31, 2024 | 260.03 Mn |
| Sep 30, 2024 | 255.63 Mn |
| Dec 31, 2023 | 249.04 Mn |
| Sep 30, 2023 | 584.05 Mn |
| Jun 30, 2023 | 611.36 Mn |
| Mar 31, 2023 | 666.62 Mn |
| Dec 31, 2022 | 841.47 Mn |
| Jun 30, 2022 | 913.35 Mn |
| Mar 31, 2022 | 911.57 Mn |
| Dec 31, 2021 | 669.63 Mn |
| Sep 30, 2021 | 709.15 Mn |
| Jun 30, 2021 | 733.01 Mn |
| Mar 31, 2021 | 816.59 Mn |
| Dec 31, 2020 | 462.12 Mn |
API Access
Vnet Convertible Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=convertible-debt&ticker=VNET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "convertible-debt", "ticker": "VNET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=convertible-debt&ticker=VNET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();