Vnet (VNET) Research & Development (2010 - 2026)

Vnet has disclosed Research & Development across 17 years of filings, most recently posting -$11.1 million for Q2 2026.

• In Q2 2026, Research & Development fell 17.45% year-over-year to -$11.1 million; the TTM figure through Jun 2026 stood at -$43.1 million (down 40.51% YoY), while the FY2025 annual figure was -$37.3 million, down 10.53% from the prior year.
• Research & Development came in at -$11.1 million for Q2 2026 at Vnet, down from -$10.8 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of -$6.0 million in Q1 2025 to a low of -$12.2 million in Q4 2022.
• Average Research & Development over 5 years is -$10.2 million, with a median of -$10.9 million recorded in 2023.
• Year-over-year, Research & Development slumped 123.6% in 2022 and surged 42.45% in 2025.
• Over 5 years, Research & Development stood at -$12.2 million in 2022, then climbed by 6.86% to -$11.4 million in 2023, then surged by 32.36% to -$7.7 million in 2024, then sank by 46.38% to -$11.2 million in 2025, then advanced by 1.52% to -$11.1 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were -$11.1 million in Q2 2026, -$10.8 million in Q1 2026, and -$11.2 million in Q4 2025.