Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Consolidated Net IncomeCost of RevenueEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Equity IncomeGross ProfitIncome from Continuing OperationsIncome from Non-Controlling InterestsIncome towards Parent CompanyInterest & Investment IncomeInterest ExpensesInterest ExpensesNet Income towards Common StockholdersOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTax Rate
Others
Accumulated Depreciation & AmortizationAccumulated Depreciation & AmortizationCost of RevenueEBIATGross ProfitLeasesLoans and Notes ReceivablesLong-Term Debt IssuancesLong-Term Debt RepaymentsMachine, Furnitures, Fixtures & OtherNon-Current ReceivablesOther Gross PP&E AdjustmentsOther Gross PP&E AdjustmentsReceivables - NetReceivables - OtherReceivables RefundsShares OutstandingShares OutstandingShares Repurchased
Ratios

Vnet (VNET) Cost of Revenue (2016 - 2025)

Vnet has reported Cost of Revenue over the past 16 years, most recently at $307.0 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 28.66% year-over-year to $307.0 million; the TTM value through Dec 2025 reached $1.1 billion, up 21.99%, while the annual FY2025 figure was $39.9 million, 10.49% up from the prior year.
  • Cost of Revenue was $307.0 million for Q4 2025 at Vnet, up from $286.9 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $307.0 million in Q4 2025 and bottomed at $5.6 million in Q3 2021.
  • The 5-year median for Cost of Revenue is $208.8 million (2023), against an average of $146.3 million.
  • Year-over-year, Cost of Revenue fell 17.45% in 2022 and then soared 1945.03% in 2023.
  • Over 5 years, Cost of Revenue stood at $13.4 million in 2021, then dropped by 17.45% to $11.1 million in 2022, then soared by 1945.03% 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.
  • The last three reported values for Cost of Revenue were $307.0 million (Q4 2025), $286.9 million (Q3 2025), and $263.3 million (Q2 2025) per Business Quant data.