Vnet (VNET) Free Cash Flow (2014 - 2026)
Vnet's (VNET) quarterly Free Cash Flow came in at $254.3 million in Q2 2026, down 18.57% year-over-year from $312.3 million in Q2 2025, and down 8.94% quarter-over-quarter from $279.2 million in Q1 2026.
Analysis
Vnet (VNET) Free Cash Flow (2014 - 2026) Analysis & Trends
Vnet has disclosed Free Cash Flow across 13 years of filings, most recently posting $254.3 million for Q2 2026.
- In Q2 2026, Free Cash Flow fell 18.57% year-over-year to $254.3 million; the TTM figure through Jun 2026 stood at $1.3 billion (up 9.15% YoY), while the FY2025 annual figure was $1.4 billion, up 44.24% from the prior year.
- Free Cash Flow came in at $254.3 million for Q2 2026 at Vnet, down from $279.2 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $418.3 million in Q3 2025 to a low of $112.8 million in Q2 2023.
- Average Free Cash Flow over 5 years is $243.2 million, with a median of $240.5 million recorded in 2022.
- Year-over-year, Free Cash Flow surged 90.46% in 2022 and tumbled 48.6% in 2023.
- Over 5 years, Free Cash Flow stood at $212.8 million in 2022, then grew by 15.68% to $246.2 million in 2023, then climbed by 14.91% to $282.9 million in 2024, then gained by 19.09% to $336.9 million in 2025, then retreated by 24.54% to $254.3 million in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were $254.3 million in Q2 2026, $279.2 million in Q1 2026, and $336.9 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | -511.00 Mn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | -992.27 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | -653.84 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | -1.16 Bn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 207.99 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | -583.95 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 254.27 Mn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | - |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | -4.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 254.27 Mn |
| Mar 31, 2026 | 279.23 Mn |
| Dec 31, 2025 | 336.95 Mn |
| Sep 30, 2025 | 418.34 Mn |
| Jun 30, 2025 | 312.26 Mn |
| Mar 31, 2025 | 273.92 Mn |
| Dec 31, 2024 | 282.93 Mn |
| Sep 30, 2024 | 311.68 Mn |
| Jun 30, 2024 | 193.16 Mn |
| Mar 31, 2024 | 178.02 Mn |
| Dec 31, 2023 | 246.22 Mn |
| Sep 30, 2023 | 191.99 Mn |
| Jun 30, 2023 | 112.85 Mn |
| Mar 31, 2023 | 154.89 Mn |
| Dec 31, 2022 | 212.84 Mn |
| Sep 30, 2022 | 164.61 Mn |
| Jun 30, 2022 | 219.55 Mn |
| Mar 31, 2022 | 234.78 Mn |
| Dec 31, 2021 | 251.04 Mn |
| Sep 30, 2021 | 121.87 Mn |