Vnet (VNET) Total Debt (2010 - 2026)
Vnet's (VNET) quarterly Total Debt came in at $2.5 billion in Q2 2026, up 54.62% year-over-year from $1.6 billion in Q2 2025, and up 9.0% quarter-over-quarter from $2.3 billion in Q1 2026.
Analysis
Vnet (VNET) Total Debt (2010 - 2026) Analysis & Trends
Vnet has disclosed Total Debt across 17 years of filings, most recently posting $2.5 billion for Q2 2026.
- In Q2 2026, Total Debt rose 54.62% year-over-year to $2.5 billion; the TTM figure through Jun 2026 stood at $2.5 billion (up 54.62% YoY), while the FY2025 annual figure was $2.0 billion, up 53.72% from the prior year.
- Total Debt came in at $2.5 billion for Q2 2026 at Vnet, up from $2.3 billion in the prior quarter.
- In the past five years, Total Debt ranged from a high of $2.5 billion in Q2 2026 to a low of $321.4 million in Q4 2022.
- Average Total Debt over 5 years is $1.2 billion, with a median of $1.0 billion recorded in 2024.
- Year-over-year, Total Debt climbed 11.67% in 2022 and jumped 200.66% in 2025.
- Over 5 years, Total Debt stood at $321.4 million in 2022, then surged by 45.44% to $467.5 million in 2023, then jumped by 41.0% to $659.1 million in 2024, then jumped by 200.66% to $2.0 billion in 2025, then advanced by 27.24% to $2.5 billion in 2026.
- Per Business Quant data, the three most recent Total Debt figures were $2.5 billion in Q2 2026, $2.3 billion in Q1 2026, and $2.0 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 19.69 Bn |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | 4.21 Bn |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | 4.98 Bn |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | 5.64 Bn |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | 4.02 Bn |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | 6.11 Bn |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | 2.52 Bn |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | 600.20 Mn |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | 64.89 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 74.23 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.52 Bn |
| Mar 31, 2026 | 2.31 Bn |
| Dec 31, 2025 | 1.98 Bn |
| Sep 30, 2025 | 1.90 Bn |
| Jun 30, 2025 | 1.63 Bn |
| Mar 31, 2025 | 1.50 Bn |
| Dec 31, 2024 | 659.09 Mn |
| Sep 30, 2024 | 1.25 Bn |
| Jun 30, 2024 | 1.12 Bn |
| Mar 31, 2024 | 1.05 Bn |
| Dec 31, 2023 | 467.45 Mn |
| Sep 30, 2023 | 752.73 Mn |
| Jun 30, 2023 | 628.42 Mn |
| Mar 31, 2023 | 603.74 Mn |
| Dec 31, 2022 | 321.41 Mn |
| Jun 30, 2022 | 486.14 Mn |
| Mar 31, 2022 | 526.49 Mn |
| Dec 31, 2021 | 287.81 Mn |
| Sep 30, 2021 | 355.38 Mn |
| Jun 30, 2021 | 278.05 Mn |