Vnet (VNET) Intangibles (2010 - 2026)
Vnet's (VNET) quarterly Intangibles came in at $125.9 million in Q1 2026, up 2.92% quarter-over-quarter from $122.3 million in Q4 2025.
Analysis
Vnet (VNET) Intangibles (2010 - 2026) Analysis & Trends
Vnet has disclosed Intangibles across 17 years of filings, most recently posting $125.9 million for Q1 2026.
- In Q1 2026, Intangibles changed N/A year-over-year to $125.9 million; the TTM figure through Mar 2026 stood at $125.9 million (changed N/A YoY), while the FY2025 annual figure was $286.7 million, up 49.06% from the prior year.
- Intangibles came in at $125.9 million for Q1 2026 at Vnet, up from $122.3 million in the prior quarter.
- In the past five years, Intangibles ranged from a high of $213.9 million in Q1 2023 to a low of $122.3 million in Q4 2025.
- Average Intangibles over 5 years is $169.4 million, with a median of $188.5 million recorded in 2024.
- Year-over-year, Intangibles jumped 143.15% in 2022 and tumbled 37.4% in 2025.
- Over 5 years, Intangibles stood at $210.5 million in 2022, then fell by 8.72% to $192.1 million in 2023, then climbed by 1.71% to $195.4 million in 2024, then sank by 37.4% to $122.3 million in 2025, then increased by 2.92% to $125.9 million in 2026.
- Per Business Quant data, the three most recent Intangibles figures were $125.9 million in Q1 2026, $122.3 million in Q4 2025, and $127.8 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 1.20 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 133,000.00 |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 76.93 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | - |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | - |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 228.63 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | - |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | 13.49 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | 6.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 125.92 Mn |
| Dec 31, 2025 | 122.35 Mn |
| Sep 30, 2025 | 127.84 Mn |
| Jun 30, 2025 | 125.83 Mn |
| Dec 31, 2024 | 195.43 Mn |
| Sep 30, 2024 | 192.05 Mn |
| Jun 30, 2024 | 184.48 Mn |
| Mar 31, 2024 | 188.50 Mn |
| Dec 31, 2023 | 192.14 Mn |
| Sep 30, 2023 | 193.23 Mn |
| Jun 30, 2023 | 198.11 Mn |
| Mar 31, 2023 | 213.92 Mn |
| Dec 31, 2022 | 210.50 Mn |
| Jun 30, 2022 | 130.05 Mn |
| Mar 31, 2022 | 140.74 Mn |
| Dec 31, 2021 | 140.82 Mn |
| Sep 30, 2021 | 141.83 Mn |
| Jun 30, 2021 | 53.48 Mn |
| Mar 31, 2021 | 100.36 Mn |
| Dec 31, 2020 | 234.26 Mn |