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 | 3,949.85 Bn | 3,873.01 Bn | 60.48 Bn | 12.28 Bn |
| 2 | International Business Machines | 228.00 Bn | 178.81 Bn | 9.91 Bn | 7.29 Bn |
| 3 | Cloudflare | 103.51 Bn | 87.04 Bn | 499.52 Mn | 705.21 Mn |
| 4 | Equinix | 97.35 Bn | 85.92 Bn | 1.40 Bn | 1.96 Bn |
| 5 | Nebius | 41.52 Bn | 14.95 Bn | 448.70 Mn | 758.20 Mn |
| 6 | CoreWeave | 34.23 Bn | 21.32 Bn | 1.70 Bn | 2.62 Bn |
| 7 | Verisign | 27.83 Bn | 25.04 Bn | 384.60 Mn | 138.30 Mn |
| 8 | Nutanix | 18.34 Bn | 10.03 Bn | 651.35 Mn | 581.36 Mn |
| 9 | GoDaddy | 14.21 Bn | 9.79 Bn | 828.20 Mn | 955.50 Mn |
| 10 | Vnet | 1.10 Bn | -2.63 Bn | 74.45 Mn | -40.67 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();