Vnet (VNET) Net Income (2010 - 2026)
Vnet's (VNET) quarterly Net Income came in at $14.0 million in Q2 2026, up 234.03% year-over-year from $4.2 million in Q2 2025, and down 81.63% quarter-over-quarter from $76.1 million in Q1 2026.
Analysis
Vnet (VNET) Net Income (2010 - 2026) Analysis & Trends
Vnet has disclosed Net Income across 17 years of filings, most recently posting $14.0 million for Q2 2026.
- In Q2 2026, Net Income rose 234.03% year-over-year to $14.0 million; the TTM figure through Jun 2026 stood at $202.7 million (up 240.3% YoY), while the FY2025 annual figure was $19.1 million, down 43.94% from the prior year.
- Net Income came in at $14.0 million for Q2 2026 at Vnet, down from $76.1 million in the prior quarter.
- In the past five years, Net Income ranged from a high of $85.5 million in Q4 2025 to a low of -$341.3 million in Q4 2023.
- Average Net Income over 5 years is -$12.6 million, with a median of $5.2 million recorded in 2024.
- Year-over-year, Net Income slumped 3998.38% in 2023 and surged 18019.28% in 2025.
- Over 5 years, Net Income stood at -$8.3 million in 2022, then tumbled by 3998.38% to -$341.3 million in 2023, then soared by 100.14% to $472000.0 in 2024, then surged by 18019.28% to $85.5 million in 2025, then plunged by 83.66% to $14.0 million in 2026.
- Per Business Quant data, the three most recent Net Income figures were $14.0 million in Q2 2026, $76.1 million in Q1 2026, and $85.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 477.00 Mn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | -929.76 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | -267.53 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | -81.39 Mn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 123.45 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | -1.16 Bn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 13.97 Mn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | 13.57 Mn |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | -14.98 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | -9.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.97 Mn |
| Mar 31, 2026 | 76.06 Mn |
| Dec 31, 2025 | 85.52 Mn |
| Sep 30, 2025 | 27.10 Mn |
| Jun 30, 2025 | -10.43 Mn |
| Mar 31, 2025 | 22.18 Mn |
| Dec 31, 2024 | 472,000.00 |
| Sep 30, 2024 | 47.33 Mn |
| Jun 30, 2024 | 9.89 Mn |
| Mar 31, 2024 | -22.03 Mn |
| Dec 31, 2023 | -341.31 Mn |
| Sep 30, 2023 | -5.47 Mn |
| Jun 30, 2023 | -32.76 Mn |
| Mar 31, 2023 | 15.08 Mn |
| Dec 31, 2022 | -8.33 Mn |
| Sep 30, 2022 | -61.98 Mn |
| Jun 30, 2022 | -56.64 Mn |
| Mar 31, 2022 | 14.64 Mn |
| Dec 31, 2021 | -3.84 Mn |
| Sep 30, 2021 | 37.27 Mn |