Vnet (VNET) Invested Capital (2010 - 2026)
Vnet's (VNET) quarterly Invested Capital came in at $3.2 billion in Q2 2026, up 25.35% year-over-year from $2.6 billion in Q2 2025, and up 6.89% quarter-over-quarter from $3.0 billion in Q1 2026.
Analysis
Vnet (VNET) Invested Capital (2010 - 2026) Analysis & Trends
Vnet has disclosed Invested Capital across 17 years of filings, most recently posting $3.2 billion for Q2 2026.
- In Q2 2026, Invested Capital rose 25.35% year-over-year to $3.2 billion; the TTM figure through Jun 2026 stood at $3.2 billion (up 25.35% YoY), while the FY2025 annual figure was $3.0 billion, up 32.55% from the prior year.
- Invested Capital came in at $3.2 billion for Q2 2026 at Vnet, up from $3.0 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $3.2 billion in Q2 2026 to a low of $1.3 billion in Q4 2022.
- Average Invested Capital over 5 years is $2.1 billion, with a median of $2.0 billion recorded in 2024.
- Year-over-year, Invested Capital declined 11.76% in 2022 and jumped 81.67% in 2025.
- Over 5 years, Invested Capital stood at $1.3 billion in 2022, then advanced by 5.31% to $1.4 billion in 2023, then climbed by 18.24% to $1.6 billion in 2024, then jumped by 81.67% to $2.9 billion in 2025, then advanced by 9.41% to $3.2 billion in 2026.
- Per Business Quant data, the three most recent Invested Capital figures were $3.2 billion in Q2 2026, $3.0 billion in Q1 2026, and $2.9 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 34.07 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 4.36 Bn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 6.20 Bn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 6.70 Bn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 8.45 Bn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 3.69 Bn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 3.23 Bn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | 801.51 Mn |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | 402.28 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | 16.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.23 Bn |
| Mar 31, 2026 | 3.02 Bn |
| Dec 31, 2025 | 2.95 Bn |
| Sep 30, 2025 | 2.78 Bn |
| Jun 30, 2025 | 2.57 Bn |
| Mar 31, 2025 | 2.43 Bn |
| Dec 31, 2024 | 1.62 Bn |
| Sep 30, 2024 | 2.23 Bn |
| Jun 30, 2024 | 2.02 Bn |
| Mar 31, 2024 | 1.95 Bn |
| Dec 31, 2023 | 1.37 Bn |
| Sep 30, 2023 | 1.70 Bn |
| Jun 30, 2023 | 1.58 Bn |
| Mar 31, 2023 | 1.65 Bn |
| Dec 31, 2022 | 1.30 Bn |
| Jun 30, 2022 | 1.59 Bn |
| Mar 31, 2022 | 1.74 Bn |
| Dec 31, 2021 | 1.48 Bn |
| Sep 30, 2021 | 1.51 Bn |
| Jun 30, 2021 | 1.41 Bn |