Vnet VNET
NASDAQ VNET
$6.53 -0.22 (-3.33%)
As of: Sep 9, 2026 · 3:59 PM EDT

Vnet (VNET) Operating Expenses (2010 - 2026)

Vnet's (VNET) quarterly Operating Expenses came in at -$40.7 million in Q2 2026, up 22.25% year-over-year from -$33.3 million in Q2 2025, and up 23.96% quarter-over-quarter from -$53.5 million in Q1 2026.

Analysis

Vnet (VNET) Operating Expenses (2010 - 2026) Analysis & Trends

Vnet has disclosed Operating Expenses across 17 years of filings, most recently posting -$40.7 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 22.25% year-over-year to -$40.7 million; the TTM figure through Jun 2026 stood at -$196.4 million (down 11.92% YoY), while the FY2025 annual figure was -$201.9 million, down 26.77% from the prior year.
  • Operating Expenses came in at -$40.7 million for Q2 2026 at Vnet, up from -$53.5 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.
  • Average Operating Expenses over 5 years is -$60.9 million, with a median of -$43.6 million recorded in 2022.
  • Year-over-year, Operating Expenses tumbled 603.11% in 2023 and soared 89.59% in 2024.
  • Over 5 years, Operating Expenses stood at -$50.1 million in 2022, then plunged by 603.11% to -$352.5 million in 2023, then soared by 89.59% to -$36.7 million in 2024, then sank by 50.95% to -$55.4 million in 2025, then grew by 26.59% to -$40.7 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$40.7 million in Q2 2026, -$53.5 million in Q1 2026, and -$55.4 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Equinix 102.92 Bn 100.69 Bn 1.40 Bn 1.96 Bn
2 Terawulf 8.33 Bn 5.57 Bn 32.37 Mn 185.22 Mn
3 Applied Digital 7.46 Bn 3.49 Bn 97.29 Mn 383.57 Mn
4 Cipher Digital 6.94 Bn 2.92 Bn 9.79 Mn 35.08 Mn
5 GDS Holdings 6.17 Bn 3.98 Bn 97.89 Mn -28.32 Mn
6 Core Scientific 5.88 Bn 3.94 Bn 70.04 Mn 49.39 Mn
7 Vnet 1.75 Bn 757.22 Mn 74.45 Mn -40.67 Mn
8 Sify Technologies 1.55 Bn 1.55 Bn 51.65 Mn -97.82 Mn
9 WhiteFiber 745.81 Mn 685.44 Mn 18.88 Mn 38.09 Mn
10 Vulcan Infrastructure & Power 445.09 Mn 441.89 Mn -1.25 Mn 13.03 Mn
Historic Data

Historic Data

Download Data
DateValue
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 -36.70 Mn
Sep 30, 2024 -42.79 Mn
Jun 30, 2024 -31.69 Mn
Mar 31, 2024 -50.46 Mn
Dec 31, 2023 -352.46 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