Vnet (VNET) Share-based Compensation (2010 - 2025)
Vnet's (VNET) quarterly Share-based Compensation came in at $606628.0 in Q4 2025, down 89.68% year-over-year from $5.9 million in Q4 2024, and down 89.68% quarter-over-quarter from $5.9 million in Q4 2024.
Analysis
Vnet (VNET) Share-based Compensation (2010 - 2025) Analysis & Trends
Vnet has disclosed Share-based Compensation across 16 years of filings, most recently posting $606628.0 for Q4 2025.
- In Q4 2025, Share-based Compensation fell 89.68% year-over-year to $606628.0; the TTM figure through Dec 2025 stood at $606628.0 (down 97.05% YoY), while the FY2025 annual figure was $3.7 million, down 81.89% from the prior year.
- Share-based Compensation came in at $606628.0 for Q4 2025 at Vnet, down from $5.9 million in the prior quarter.
- In the past five years, Share-based Compensation ranged from a high of $39.7 million in Q4 2021 to a low of -$2.1 million in Q2 2024.
- Average Share-based Compensation over 5 years is $5.5 million, with a median of $1.3 million recorded in 2023.
- The largest YoY upside for Share-based Compensation was 1199.09% in 2024 against a maximum downside of 288.86% in 2024.
- Over 5 years, Share-based Compensation stood at $39.7 million in 2021, then slumped by 102.85% to -$1.1 million in 2022, then soared by 218.14% to $1.3 million in 2023, then surged by 340.22% to $5.9 million in 2024, then plunged by 89.68% to $606628.0 in 2025.
- Per Business Quant data, the three most recent Share-based Compensation figures were $606628.0 in Q4 2025, $5.9 million in Q4 2024, and $989000.0 in Q3 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Share-based Compensation (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 145.00 Mn |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | 83.94 Mn |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | 125.39 Mn |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | 29.02 Mn |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | 9.95 Mn |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | 18.24 Mn |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | - |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | 3.40 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 403,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 606,628.00 |
| Dec 31, 2024 | 5.88 Mn |
| Sep 30, 2024 | 989,000.00 |
| Jun 30, 2024 | -2.09 Mn |
| Mar 31, 2024 | 15.77 Mn |
| Dec 31, 2023 | 1.34 Mn |
| Sep 30, 2023 | 1.30 Mn |
| Jun 30, 2023 | 1.10 Mn |
| Mar 31, 2023 | 1.21 Mn |
| Dec 31, 2022 | -1.13 Mn |
| Sep 30, 2022 | 4.95 Mn |
| Jun 30, 2022 | 7.09 Mn |
| Mar 31, 2022 | 6.82 Mn |
| Dec 31, 2021 | 39.71 Mn |
| Sep 30, 2021 | 715,000.00 |
| Jun 30, 2021 | 4.26 Mn |
| Mar 31, 2021 | 5.32 Mn |
| Dec 31, 2020 | 12.57 Mn |
| Sep 30, 2020 | 3.40 Mn |
| Jun 30, 2020 | 1.64 Mn |