Vnet (VNET) Cost of Revenue (2010 - 2026)

Vnet has disclosed Cost of Revenue across 17 years of filings, most recently posting $335.1 million for Q2 2026.

• In Q2 2026, Cost of Revenue rose 27.24% year-over-year to $335.1 million; the TTM figure through Jun 2026 stood at $1.2 billion (up 27.35% YoY), while the FY2025 annual figure was $1.1 billion, up 25.98% from the prior year.
• Cost of Revenue came in at $335.1 million for Q2 2026 at Vnet, up from $300.9 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $335.1 million in Q2 2026 to a low of $203.5 million in Q1 2022.
• Average Cost of Revenue over 5 years is $240.0 million, with a median of $225.7 million recorded in 2022.
• Year-over-year, Cost of Revenue slipped 2.66% in 2024 and increased 29.88% in 2026.
• Over 5 years, Cost of Revenue stood at $225.1 million in 2022, then rose by 0.61% to $226.4 million in 2023, then climbed by 5.37% to $238.6 million in 2024, then advanced by 28.66% to $307.0 million in 2025, then rose by 9.16% to $335.1 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $335.1 million in Q2 2026, $300.9 million in Q1 2026, and $307.0 million in Q4 2025.