Vnet (VNET) Research & Development (2010 - 2025)
Vnet (VNET) reported Research & Development of -$10.5 million for Q4 2025, down 5.06% on a YoY basis from -$11.1 million in Q4 2024, and down 5.0% sequentially from -$10.0 million in Q3 2025.
Vnet (VNET) Research & Development (2010 - 2025) Analysis & Trends
Vnet (VNET) has 16 years of Research & Development data on file, last reported at -$10.5 million in Q4 2025.
- For the quarter ending Q4 2025, Research & Development fell 5.06% year-over-year to -$10.5 million; the trailing twelve-month figure through Dec 2025 stood at -$39.2 million (down 7.0% YoY), and the FY2025 full-year result was $37.3 million, up 10.53% from the prior year.
- Research & Development slipped to -$10.5 million in Q4 2025, from -$10.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$5.1 million in Q1 2021 to a low of -$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.
- Peak annual rise in Research & Development reached 65.46% in 2021, while the deepest fall reached 316.53% in 2021.
- Tracing VNET's Research & Development over 5 years: stood at -$9.9 million in 2021, then retreated by 23.32% to -$12.2 million in 2022, then climbed by 15.39% to -$10.3 million in 2023, then advanced by 2.99% to -$10.0 million in 2024, then slipped by 5.06% to -$10.5 million in 2025.
- Business Quant data shows VNET's Research & Development at -$10.5 million in Q4 2025, -$10.0 million in Q3 2025, and -$9.8 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 2.31 Bn |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 1.81 Bn |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | -1.39 Mn |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | 270.00 Mn |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | - |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | - |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | - |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | -174.00 Mn |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | - |
| 10 | Vnet | 12.53 Bn | 12.66 Bn | 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 |