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

Vnet has reported Cost of Revenue for 16 years, with the latest figure at $307.0 million in Q4 2025.

• Quarterly Cost of Revenue rose 28.66% year-over-year to $307.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.1 billion (up 21.99% YoY) and the FY2025 annual result came in at $1.1 billion, up 25.98% from the prior year.
• Cost of Revenue advanced to $307.0 million in Q4 2025 per VNET's latest filing, from $286.9 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $307.0 million in Q4 2025 and troughed at $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.
• The sharpest annual moves came in 2021 and 2024: Cost of Revenue soared 42.47% in 2021, then dropped 2.66% in 2024.
• Over 5 years, Cost of Revenue stood at $214.3 million in 2021, then climbed by 5.04% to $225.1 million in 2022, then advanced by 0.61% to $226.4 million in 2023, then increased by 5.37% to $238.6 million in 2024, then grew by 28.66% to $307.0 million in 2025.
• According to Business Quant data, Cost of Revenue over the past three periods registered $307.0 million, $286.9 million, and $263.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.