Vnet (VNET) Revenue (2010 - 2026)
Vnet's (VNET) quarterly Revenue came in at $409.5 million in Q2 2026, up 20.52% year-over-year from $339.8 million in Q2 2025, and up 4.97% quarter-over-quarter from $390.1 million in Q1 2026.
Analysis
Vnet (VNET) Revenue (2010 - 2026) Analysis & Trends
Vnet has disclosed Revenue across 17 years of filings, most recently posting $409.5 million for Q2 2026.
- In Q2 2026, Revenue rose 20.52% year-over-year to $409.5 million; the TTM figure through Jun 2026 stood at $1.5 billion (up 22.81% YoY), while the FY2025 annual figure was $1.4 billion, up 25.74% from the prior year.
- Revenue came in at $409.5 million for Q2 2026 at Vnet, up from $390.1 million in the prior quarter.
- In the past five years, Revenue ranged from a high of $409.5 million in Q2 2026 to a low of $251.2 million in Q2 2023.
- Average Revenue over 5 years is $301.6 million, with a median of $273.5 million recorded in 2022.
- Year-over-year, Revenue retreated 2.44% in 2023 and climbed 26.04% in 2026.
- Over 5 years, Revenue stood at $272.7 million in 2022, then dropped by 1.94% to $267.4 million in 2023, then gained by 15.09% to $307.8 million in 2024, then gained by 24.86% to $384.2 million in 2025, then rose by 6.58% to $409.5 million in 2026.
- Per Business Quant data, the three most recent Revenue figures were $409.5 million in Q2 2026, $390.1 million in Q1 2026, and $384.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 2.63 Bn |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | 44.77 Mn |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | 258.75 Mn |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | 24.84 Mn |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | 455.11 Mn |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | 164.20 Mn |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | 409.54 Mn |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | 130.47 Mn |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | 28.84 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 3.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 409.54 Mn |
| Mar 31, 2026 | 390.13 Mn |
| Dec 31, 2025 | 384.25 Mn |
| Sep 30, 2025 | 362.66 Mn |
| Jun 30, 2025 | 339.80 Mn |
| Mar 31, 2025 | 309.54 Mn |
| Dec 31, 2024 | 307.75 Mn |
| Sep 30, 2024 | 302.21 Mn |
| Jun 30, 2024 | 274.35 Mn |
| Mar 31, 2024 | 262.89 Mn |
| Dec 31, 2023 | 267.40 Mn |
| Sep 30, 2023 | 258.62 Mn |
| Jun 30, 2023 | 251.23 Mn |
| Mar 31, 2023 | 262.94 Mn |
| Dec 31, 2022 | 272.67 Mn |
| Sep 30, 2022 | 255.04 Mn |
| Jun 30, 2022 | 257.52 Mn |
| Mar 31, 2022 | 259.57 Mn |
| Dec 31, 2021 | 273.90 Mn |
| Sep 30, 2021 | 242.18 Mn |