Vnet (VNET) Non-Current Debt (2010 - 2026)
Vnet's (VNET) quarterly Non-Current Debt came in at $2.1 billion in Q2 2026, up 60.46% year-over-year from $1.3 billion in Q2 2025, and up 13.22% quarter-over-quarter from $1.9 billion in Q1 2026.
Analysis
Vnet (VNET) Non-Current Debt (2010 - 2026) Analysis & Trends
Vnet has disclosed Non-Current Debt across 17 years of filings, most recently posting $2.1 billion for Q2 2026.
- In Q2 2026, Non-Current Debt rose 60.46% year-over-year to $2.1 billion; the TTM figure through Jun 2026 stood at $2.1 billion (up 60.46% YoY), while the FY2025 annual figure was $1.7 billion, up 55.61% from the prior year.
- Non-Current Debt came in at $2.1 billion for Q2 2026 at Vnet, up from $1.9 billion in the prior quarter.
- In the past five years, Non-Current Debt ranged from a high of $2.1 billion in Q2 2026 to a low of $261.7 million in Q4 2022.
- Average Non-Current Debt over 5 years is $948.7 million, with a median of $868.0 million recorded in 2024.
- Year-over-year, Non-Current Debt climbed 13.02% in 2022 and soared 256.95% in 2025.
- Over 5 years, Non-Current Debt stood at $261.7 million in 2022, then jumped by 30.79% to $342.3 million in 2023, then jumped by 33.61% to $457.4 million in 2024, then soared by 256.95% to $1.6 billion in 2025, then jumped by 30.02% to $2.1 billion in 2026.
- Per Business Quant data, the three most recent Non-Current Debt figures were $2.1 billion in Q2 2026, $1.9 billion in Q1 2026, and $1.6 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 18.52 Bn |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | 3.11 Bn |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | 4.96 Bn |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | 5.45 Bn |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | 3.54 Bn |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | 4.30 Bn |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | 2.12 Bn |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | 414.39 Mn |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | 6.28 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 39.48 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.12 Bn |
| Mar 31, 2026 | 1.87 Bn |
| Dec 31, 2025 | 1.63 Bn |
| Sep 30, 2025 | 1.54 Bn |
| Jun 30, 2025 | 1.32 Bn |
| Mar 31, 2025 | 1.23 Bn |
| Dec 31, 2024 | 457.39 Mn |
| Sep 30, 2024 | 1.01 Bn |
| Jun 30, 2024 | 917.66 Mn |
| Mar 31, 2024 | 867.96 Mn |
| Dec 31, 2023 | 342.33 Mn |
| Sep 30, 2023 | 626.46 Mn |
| Jun 30, 2023 | 505.78 Mn |
| Mar 31, 2023 | 529.00 Mn |
| Dec 31, 2022 | 261.74 Mn |
| Jun 30, 2022 | 423.34 Mn |
| Mar 31, 2022 | 456.64 Mn |
| Dec 31, 2021 | 231.60 Mn |
| Sep 30, 2021 | 297.52 Mn |
| Jun 30, 2021 | 246.81 Mn |