Vnet (VNET) Operating Expenses (2010 - 2025)

Vnet (VNET) has 16 years of Operating Expenses data on file, last reported at -$55.4 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses fell 50.95% year-over-year to -$55.4 million; the trailing twelve-month figure through Dec 2025 stood at -$198.2 million (down 22.61% YoY), and the FY2025 full-year result was $201.9 million, up 26.77% from the prior year.
• Operating Expenses fell to -$55.4 million in Q4 2025, from -$46.8 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$31.7 million in Q2 2024 to a low of -$352.5 million in Q4 2023.
• A 5-year average of -$61.1 million and a median of -$43.2 million in 2022 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses slumped 603.11% in 2023 and surged 89.59% in 2024, its largest moves.
• Tracing VNET's Operating Expenses over 5 years: stood at -$102.0 million in 2021, then jumped by 50.83% to -$50.1 million in 2022, then tumbled by 603.11% to -$352.5 million in 2023, then surged by 89.59% to -$36.7 million in 2024, then plunged by 50.95% to -$55.4 million in 2025.
• Business Quant data shows VNET's Operating Expenses at -$55.4 million in Q4 2025, -$46.8 million in Q3 2025, and -$52.3 million in Q2 2025.