Vnet (VNET) Convertible Debt (2020 - 2025)

Vnet (VNET) reported Convertible Debt of $724.5 million for Q4 2025, up 174.23% on a YoY basis from $264.2 million in Q4 2024, and down 6.05% sequentially from $771.2 million in Q3 2025.

Vnet (VNET) Convertible Debt (2020 - 2025) Analysis & Trends

Vnet (VNET) has 6 years of Convertible Debt data on file, last reported at $724.5 million in Q4 2025.

  • For the quarter ending Q4 2025, Convertible Debt rose 174.23% year-over-year to $724.5 million; the trailing twelve-month figure through Dec 2025 stood at $724.5 million (up 174.23% YoY), and the FY2025 full-year result was $734.8 million, up 182.63% from the prior year.
  • Convertible Debt retreated to $724.5 million in Q4 2025, 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.
  • A 5-year average of $58054.1 billion and a median of $728.8 million in 2025 frame the typical range for Convertible Debt.
  • Across the five-year window, Convertible Debt jumped 124602632.85% in 2022 and plunged 100.0% in 2023, its largest moves.
  • Tracing VNET's Convertible Debt over 5 years: stood at $667.4 million in 2021, then rose by 23.44% to $823.8 million in 2022, then sank by 70.16% to $245.8 million in 2023, then gained by 7.47% to $264.2 million in 2024, then jumped by 174.23% to $724.5 million in 2025.
  • Business Quant data shows VNET's Convertible Debt at $724.5 million in Q4 2025, $771.2 million in Q3 2025, and $722.6 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 International Business Machines 193.88 Bn 178.95 Bn 9.91 Bn
2 Accenture 84.94 Bn 75.26 Bn 6.13 Bn
3 GDS Holdings 50.55 Bn 48.40 Bn 164.04 Mn
4 Infosys 44.05 Bn 44.79 Bn 1.60 Bn
5 Cgi 41.25 Bn 40.60 Bn -
6 Fidelity National Information Services 20.63 Bn 19.87 Bn 1.11 Bn
7 Cognizant Technology Solutions 20.39 Bn 18.87 Bn 1.78 Bn
8 Wipro 18.65 Bn 17.52 Bn 738.00 Mn
9 Broadridge Financial Solutions 16.79 Bn 16.48 Bn 626.90 Mn
10 Vnet 12.53 Bn 12.66 Bn 77.27 Mn

Historic Data

Download Data
DateValue
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 245,565.00 Bn
Dec 31, 2023 245.82 Mn
Sep 30, 2023 584.05 Bn
Jun 30, 2023 611.36 Mn
Mar 31, 2023 666.62 Bn
Dec 31, 2022 823.84 Mn
Sep 30, 2022 908.65 Bn
Jun 30, 2022 913,348.00 Bn
Mar 31, 2022 911.57 Mn
Dec 31, 2021 667.39 Mn
Sep 30, 2021 709.15 Mn
Jun 30, 2021 733.01 Mn
Mar 31, 2021 816.59 Mn