Growth Metrics

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

Historic Research & Development for Vnet (VNET) over the last 16 years, with Q3 2025 value amounting to -$71.3 million.

  • Vnet's Research & Development fell 3419.73% to -$71.3 million in Q3 2025 from the same period last year, while for Sep 2025 it was -$238.6 million, marking a year-over-year decrease of 11248.03%. This contributed to the annual value of $33.8 million for FY2024, which is 2589.96% down from last year.
  • Latest data reveals that Vnet reported Research & Development of -$71.3 million as of Q3 2025, which was down 3419.73% from -$67.6 million recorded in Q2 2025.
  • Over the past 5 years, Vnet's Research & Development peaked at $78.2 million during Q4 2023, and registered a low of -$81.1 million during Q2 2023.
  • Over the past 5 years, Vnet's median Research & Development value was -$11.7 million (recorded in 2023), while the average stood at -$27.9 million.
  • Data for Vnet's Research & Development shows a peak YoY increase of 74134.12% (in 2023) and a maximum YoY decrease of 59711.44% (in 2023) over the last 5 years.
  • Quarter analysis of 5 years shows Vnet's Research & Development stood at -$9.9 million in 2021, then dropped by 23.32% to -$12.2 million in 2022, then soared by 741.34% to $78.2 million in 2023, then crashed by 171.7% to -$56.1 million in 2024, then fell by 27.09% to -$71.3 million in 2025.
  • Its Research & Development stands at -$71.3 million for Q3 2025, versus -$67.6 million for Q2 2025 and -$43.6 million for Q1 2025.