Vnet (VNET) Total Debt (2010 - 2026)
Vnet (VNET) recorded Total Debt of $2.73 billion in the quarter ended Jun 30, 2026, up 60.2% from $1.7 billion a year earlier and up 4.0% from the prior quarter.
Powered by 
Analysis
Vnet (VNET) Total Debt (2010 - 2026) Analysis & Trends
As of Dec 31, 2025, Vnet reported Total Debt of $1.96 billion, up 183.7% from the prior year.
- Annual Total Debt has a five-year compound annual growth rate of 75.5% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Total Debt came in at $691.35 million in the year ended Dec 31, 2024 (-51.1%), $1.41 billion in the year ended Dec 31, 2023 (+246.4%), $408.39 million in the year ended Dec 31, 2022 (-57.3%) and $956.95 million in the year ended Dec 31, 2021 (+711.5%).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly Total Debt in data going back to the quarter ended Dec 31, 2010.
- On a year-over-year basis, Total Debt has increased for seven consecutive quarters, with growth averaging 69.7% over the last eight quarters.
- Peak year-over-year performance for Total Debt in the last five years was growth of 721.5% in the quarter ended Dec 31, 2021, against a decline of 58.5% in the quarter ended Dec 31, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.63 billion (quarter ended Mar 31, 2026), $2.09 billion (quarter ended Dec 31, 2025) and $1.95 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,780.05 Bn | 3,703.20 Bn | 60.48 Bn | 40.29 Bn |
| 2 | International Business Machines | 207.28 Bn | 158.18 Bn | 9.91 Bn | 61.99 Bn |
| 3 | Cloudflare | 113.42 Bn | 96.95 Bn | 499.52 Mn | 1.29 Bn |
| 4 | Equinix | 100.18 Bn | 88.73 Bn | 1.40 Bn | 19.69 Bn |
| 5 | Nebius | 60.05 Bn | 33.49 Bn | 448.70 Mn | 8.55 Bn |
| 6 | CoreWeave | 47.35 Bn | 34.44 Bn | 1.70 Bn | 3.66 Bn |
| 7 | Verisign | 25.30 Bn | 22.51 Bn | 384.60 Mn | 2.33 Bn |
| 8 | Nutanix | 18.96 Bn | 10.65 Bn | 651.35 Mn | - |
| 9 | Akamai Technologies | 15.57 Bn | 8.98 Bn | 613.75 Mn | 1.71 Bn |
| 10 | Vnet | 1.53 Bn | -1.90 Bn | 74.45 Mn | 2.73 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.73 Bn |
| Mar 31, 2026 | 2.63 Bn |
| Dec 31, 2025 | 2.09 Bn |
| Sep 30, 2025 | 1.95 Bn |
| Jun 30, 2025 | 1.70 Bn |
| Mar 31, 2025 | 2.17 Bn |
| Dec 31, 2024 | 691.57 Mn |
| Sep 30, 2024 | 1.21 Bn |
| Jun 30, 2024 | 1.15 Bn |
| Mar 31, 2024 | 1.05 Bn |
| Dec 31, 2023 | 422.16 Mn |
| Sep 30, 2023 | 1.29 Bn |
| Jun 30, 2023 | 1.19 Bn |
| Mar 31, 2023 | 1.27 Bn |
| Dec 31, 2022 | 396.05 Mn |
| Jun 30, 2022 | 1.40 Bn |
| Mar 31, 2022 | 1.44 Bn |
| Dec 31, 2021 | 953.83 Mn |
| Sep 30, 2021 | 656.98 Mn |
| Jun 30, 2021 | 577.37 Mn |
API Access
Vnet Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=VNET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "VNET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=VNET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();