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

Vnet (VNET) Operating Leases (2014 - 2026)

Vnet's (VNET) quarterly Operating Leases came in at $634.3 million in Q2 2026, up 8.53% year-over-year from $584.5 million in Q2 2025, and up 12.64% quarter-over-quarter from $563.2 million in Q1 2026.

Analysis

Vnet (VNET) Operating Leases (2014 - 2026) Analysis & Trends

Vnet has disclosed Operating Leases across 13 years of filings, most recently posting $634.3 million for Q2 2026.

  • In Q2 2026, Operating Leases rose 8.53% year-over-year to $634.3 million; the TTM figure through Jun 2026 stood at $634.3 million (up 8.53% YoY), while the FY2025 annual figure was $572.1 million, changed 0.0% from the prior year.
  • Operating Leases came in at $634.3 million for Q2 2026 at Vnet, up from $563.2 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $1.3 billion in Q4 2024 to a low of $337.1 million in Q2 2022.
  • Average Operating Leases over 5 years is $574.0 million, with a median of $511.2 million recorded in 2024.
  • Year-over-year, Operating Leases surged 270.59% in 2022 and sank 55.05% in 2025.
  • Over 5 years, Operating Leases stood at $403.9 million in 2022, then jumped by 164.33% to $1.1 billion in 2023, then advanced by 17.55% to $1.3 billion in 2024, then slumped by 55.05% to $564.1 million in 2025, then climbed by 12.45% to $634.3 million in 2026.
  • Per Business Quant data, the three most recent Operating Leases figures were $634.3 million in Q2 2026, $563.2 million in Q1 2026, and $564.1 million in Q4 2025.
Peer Set

Peer Comparison

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

Historic Data

Download Data
DateValue
Jun 30, 2026 634.34 Mn
Mar 31, 2026 563.18 Mn
Dec 31, 2025 564.12 Mn
Sep 30, 2025 579.15 Mn
Jun 30, 2025 584.46 Mn
Mar 31, 2025 565.82 Mn
Dec 31, 2024 1.25 Bn
Sep 30, 2024 511.24 Mn
Jun 30, 2024 494.89 Mn
Mar 31, 2024 456.07 Mn
Dec 31, 2023 1.07 Bn
Sep 30, 2023 460.54 Mn
Jun 30, 2023 437.53 Mn
Mar 31, 2023 489.41 Mn
Dec 31, 2022 403.86 Mn
Jun 30, 2022 337.12 Mn
Mar 31, 2022 354.12 Mn
Dec 31, 2021 330.70 Mn
Sep 30, 2021 224.60 Mn
Jun 30, 2021 146.66 Mn