Vnet (VNET) Operating Expenses (2010 - 2026)
Vnet's Operating Expenses was -$40.67 million in the quarter ended Jun 30, 2026, compared with -$52.31 million a year earlier.
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Analysis
Vnet (VNET) Operating Expenses (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Vnet's Operating Expenses was -$196.36 million through Jun 30, 2026; for the year ended Dec 31, 2025, it came in at -$201.94 million.
- In earlier years, Operating Expenses was -$159.29 million in the year ended Dec 31, 2024, -$459.64 million in the year ended Dec 31, 2023, -$179.36 million in the year ended Dec 31, 2022 and -$22,231 in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Operating Expenses since the quarter ended Dec 31, 2024.
- Per Business Quant data, VNET's Operating Expenses in the three quarters before the quarter ended Jun 30, 2026 was -$53.48 million (quarter ended Mar 31, 2026), -$55.4 million (quarter ended Dec 31, 2025) and -$46.82 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 4,023.81 Bn | 3,959.30 Bn | 62.56 Bn | 10.93 Bn |
| 2 | International Business Machines | 229.57 Bn | 184.18 Bn | 9.71 Bn | 7.00 Bn |
| 3 | Cloudflare | 108.56 Bn | 91.00 Bn | 557.23 Mn | 625.16 Mn |
| 4 | Equinix | 104.79 Bn | 92.69 Bn | 1.31 Bn | 1.97 Bn |
| 5 | Nebius | 34.62 Bn | 23.47 Bn | - | - |
| 6 | CoreWeave | 27.89 Bn | 14.98 Bn | 1.70 Bn | 2.62 Bn |
| 7 | Verisign | 27.57 Bn | 24.93 Bn | 393.20 Mn | 146.50 Mn |
| 8 | Nutanix | 16.13 Bn | 7.81 Bn | 651.35 Mn | 581.36 Mn |
| 9 | GoDaddy | 14.07 Bn | 9.45 Bn | 843.00 Mn | 979.30 Mn |
| 10 | Vnet | 849.13 Mn | 109.17 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.67 Mn |
| Mar 31, 2026 | 53.48 Mn |
| Dec 31, 2025 | 55.40 Mn |
| Sep 30, 2025 | 46.82 Mn |
| Jun 30, 2025 | 52.31 Mn |
| Mar 31, 2025 | 43.66 Mn |
| Dec 31, 2024 | 37.29 Mn |
| Sep 30, 2024 | 42.79 Mn |
| Jun 30, 2024 | 31.69 Mn |
| Mar 31, 2024 | 50.46 Mn |
| Dec 31, 2023 | 347.56 Mn |
| Sep 30, 2023 | 37.59 Mn |
| Jun 30, 2023 | 34.41 Mn |
| Mar 31, 2023 | 34.53 Mn |
| Dec 31, 2022 | 50.13 Mn |
| Sep 30, 2022 | 43.60 Mn |
| Jun 30, 2022 | 48.03 Mn |
| Mar 31, 2022 | 40.93 Mn |
| Dec 31, 2021 | 101.96 Mn |
| Sep 30, 2021 | 40.56 Mn |
API Access
Vnet Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=VNET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "VNET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=VNET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();