Vnet (VNET) Research & Development (2010 - 2025)
Vnet (VNET) posted Research & Development of -$10.5 million for Q4 2025, down 5.0% sequentially from -$10.0 million in Q3 2025, and down 5.06% YoY from -$11.1 million in Q4 2024.
Vnet (VNET) Research & Development (2010 - 2025) Analysis & Trends
Vnet has reported Research & Development for 16 years, with the latest figure at -$10.5 million in Q4 2025.
- Quarterly Research & Development fell 5.06% year-over-year to -$10.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$39.2 million (down 7.0% YoY) and the FY2025 annual result came in at $39.9 million, up 10.49% from the prior year.
- Research & Development slipped to -$10.5 million in Q4 2025 per VNET's latest filing, from -$10.0 million in the prior quarter.
- Over five years, Research & Development peaked at -$5.1 million in Q1 2021 and troughed at -$12.2 million in Q4 2022.
- A 5-year average of -$9.4 million and a median of -$9.8 million in 2021 frame the typical range for Research & Development.
- The widest YoY moves for Research & Development: up 65.46% in 2021, down 316.53% in 2021.
- Over 5 years, Research & Development stood at -$9.9 million in 2021, then dropped by 23.32% to -$12.2 million in 2022, then rose by 15.39% to -$10.3 million in 2023, then increased by 2.99% to -$10.0 million in 2024, then fell by 5.06% to -$10.5 million in 2025.
- According to Business Quant data, Research & Development over the past three periods registered -$10.5 million, -$10.0 million, and -$9.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | 2.31 Bn |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 1.81 Bn |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | 270.00 Mn |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | - |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | - |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | - |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | - |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | -174.00 Mn |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | - |
| 10 | Vnet | 1.78 Bn | 950.66 Mn | 77.27 Mn | -10.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -10.52 Mn |
| Sep 30, 2025 | -10.02 Mn |
| Jun 30, 2025 | -9.77 Mn |
| Mar 31, 2025 | -8.87 Mn |
| Dec 31, 2024 | -10.01 Mn |
| Sep 30, 2024 | -8.65 Mn |
| Jun 30, 2024 | -8.01 Mn |
| Mar 31, 2024 | -9.94 Mn |
| Dec 31, 2023 | -10.32 Mn |
| Sep 30, 2023 | -8.78 Mn |
| Jun 30, 2023 | -8.70 Mn |
| Mar 31, 2023 | -9.58 Mn |
| Dec 31, 2022 | -12.20 Mn |
| Sep 30, 2022 | -10.31 Mn |
| Jun 30, 2022 | -11.46 Mn |
| Mar 31, 2022 | -11.46 Mn |
| Dec 31, 2021 | -9.89 Mn |
| Sep 30, 2021 | -8.32 Mn |
| Jun 30, 2021 | -5.93 Mn |
| Mar 31, 2021 | -5.12 Mn |