Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Consolidated Net IncomeCost of RevenueEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Equity IncomeGross ProfitIncome from Continuing OperationsIncome from Non-Controlling InterestsIncome towards Parent CompanyInterest & Investment IncomeInterest ExpensesInterest ExpensesNet Income towards Common StockholdersOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTax Rate
Others
Ratios

Vnet (VNET) Research & Development (2016 - 2025)

Vnet has reported Research & Development over the past 16 years, most recently at -$11.2 million for Q4 2025.

  • For Q4 2025, Research & Development fell 46.38% year-over-year to -$11.2 million; the TTM value through Dec 2025 reached -$36.7 million, down 7.24%, while the annual FY2025 figure was $37.3 million, 10.53% up from the prior year.
  • Research & Development was -$11.2 million for Q4 2025 at Vnet, down from -$10.0 million in the prior quarter.
  • Across five years, Research & Development topped out at -$5.1 million in Q1 2021 and bottomed at -$12.2 million in Q4 2022.
  • The 5-year median for Research & Development is -$10.2 million (2022), against an average of -$9.5 million.
  • Year-over-year, Research & Development crashed 316.53% in 2021 and then skyrocketed 42.45% in 2025.
  • Over 5 years, Research & Development stood at -$9.9 million in 2021, then dropped by 23.32% to -$12.2 million in 2022, then increased by 6.86% to -$11.4 million in 2023, then skyrocketed by 32.36% to -$7.7 million in 2024, then crashed by 46.38% to -$11.2 million in 2025.
  • The last three reported values for Research & Development were -$11.2 million (Q4 2025), -$10.0 million (Q3 2025), and -$9.4 million (Q2 2025) per Business Quant data.