Vnet (VNET) Cost of Revenue (2010 - 2025)

Vnet (VNET) has 16 years of Cost of Revenue data on file, last reported at $307.0 million in Q4 2025.

• For the quarter ending Q4 2025, Cost of Revenue rose 28.66% year-over-year to $307.0 million; the trailing twelve-month figure through Dec 2025 stood at $1.1 billion (up 21.99% YoY), and the FY2025 full-year result was $1.1 billion, up 25.98% from the prior year.
• Cost of Revenue advanced to $307.0 million in Q4 2025, from $286.9 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $307.0 million in Q4 2025 to a low of $162.3 million in Q1 2021.
• A 5-year average of $221.0 million and a median of $215.1 million in 2021 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue jumped 42.47% in 2021 and decreased 2.66% in 2024, its largest moves.
• Tracing VNET's Cost of Revenue over 5 years: stood at $214.3 million in 2021, then rose by 5.04% to $225.1 million in 2022, then increased by 0.61% to $226.4 million in 2023, then advanced by 5.37% to $238.6 million in 2024, then gained by 28.66% to $307.0 million in 2025.
• Business Quant data shows VNET's Cost of Revenue at $307.0 million in Q4 2025, $286.9 million in Q3 2025, and $263.3 million in Q2 2025.