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Consolidated Net IncomeCost of RevenueEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Equity IncomeGross ProfitIncome from Continuing OperationsIncome from Non-Controlling InterestsIncome towards Parent CompanyInterest & Investment IncomeInterest ExpensesInterest ExpensesNet Income towards Common StockholdersOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTax Rate
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Vnet (VNET) Operating Expenses (2016 - 2025)

Vnet has reported Operating Expenses over the past 16 years, most recently at -$55.4 million for Q4 2025.

  • For Q4 2025, Operating Expenses fell 50.95% year-over-year to -$55.4 million; the TTM value through Dec 2025 reached -$198.2 million, down 22.61%, while the annual FY2025 figure was $201.9 million, 26.77% up from the prior year.
  • Operating Expenses was -$55.4 million for Q4 2025 at Vnet, down from -$46.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at -$31.7 million in Q2 2024 and bottomed at -$352.5 million in Q4 2023.
  • The 5-year median for Operating Expenses is -$43.2 million (2022), against an average of -$61.1 million.
  • Year-over-year, Operating Expenses tumbled 603.11% in 2023 and then surged 89.59% in 2024.
  • Over 5 years, Operating Expenses stood at -$102.0 million in 2021, then skyrocketed 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 crashed by 50.95% to -$55.4 million in 2025.
  • The last three reported values for Operating Expenses were -$55.4 million (Q4 2025), -$46.8 million (Q3 2025), and -$52.3 million (Q2 2025) per Business Quant data.