Vnet (VNET) EBITDA (2010 - 2026)
Vnet's (VNET) quarterly EBITDA came in at $135.3 million in Q2 2026, up 32.37% year-over-year from $102.2 million in Q2 2025, and up 4.72% quarter-over-quarter from $129.2 million in Q1 2026.
Analysis
Vnet (VNET) EBITDA (2010 - 2026) Analysis & Trends
Vnet has disclosed EBITDA across 17 years of filings, most recently posting $135.3 million for Q2 2026.
- In Q2 2026, EBITDA rose 32.37% year-over-year to $135.3 million; the TTM figure through Jun 2026 stood at $486.2 million (up 28.0% YoY), while the FY2025 annual figure was $425.9 million, up 27.94% from the prior year.
- EBITDA came in at $135.3 million for Q2 2026 at Vnet, up from $129.2 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $135.3 million in Q2 2026 to a low of $61.5 million in Q4 2022.
- Average EBITDA over 5 years is $88.0 million, with a median of $80.4 million recorded in 2022.
- Year-over-year, EBITDA slipped 15.32% in 2022 and soared 59.37% in 2024.
- Over 5 years, EBITDA stood at $61.5 million in 2022, then advanced by 0.8% to $62.0 million in 2023, then soared by 59.37% to $98.8 million in 2024, then climbed by 16.49% to $115.1 million in 2025, then climbed by 17.57% to $135.3 million in 2026.
- Per Business Quant data, the three most recent EBITDA figures were $135.3 million in Q2 2026, $129.2 million in Q1 2026, and $115.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 665.00 Mn |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | -119.21 Mn |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | -124.82 Mn |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | -59.94 Mn |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | 64.50 Mn |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | -78.47 Mn |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | 135.34 Mn |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | 31.74 Mn |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | -2.69 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | -8.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 135.34 Mn |
| Mar 31, 2026 | 129.25 Mn |
| Dec 31, 2025 | 115.12 Mn |
| Sep 30, 2025 | 106.52 Mn |
| Jun 30, 2025 | 102.25 Mn |
| Mar 31, 2025 | 94.04 Mn |
| Dec 31, 2024 | 98.82 Mn |
| Sep 30, 2024 | 84.76 Mn |
| Jun 30, 2024 | 78.96 Mn |
| Mar 31, 2024 | 74.77 Mn |
| Dec 31, 2023 | 62.01 Mn |
| Sep 30, 2023 | 69.62 Mn |
| Jun 30, 2023 | 73.78 Mn |
| Mar 31, 2023 | 80.99 Mn |
| Dec 31, 2022 | 61.52 Mn |
| Sep 30, 2022 | 64.01 Mn |
| Jun 30, 2022 | 72.69 Mn |
| Mar 31, 2022 | 79.85 Mn |
| Dec 31, 2021 | 72.65 Mn |
| Sep 30, 2021 | 69.91 Mn |