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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |