Vnet (VNET) Total Liabilities (2010 - 2026)
Vnet's (VNET) quarterly Total Liabilities came in at -$456.1 million in Q2 2026, up 47.07% year-over-year from -$310.1 million in Q2 2025, and up 13.16% quarter-over-quarter from -$525.2 million in Q1 2026.
Analysis
Vnet (VNET) Total Liabilities (2010 - 2026) Analysis & Trends
Vnet has disclosed Total Liabilities across 17 years of filings, most recently posting -$456.1 million for Q2 2026.
- In Q2 2026, Total Liabilities rose 47.07% year-over-year to -$456.1 million; the TTM figure through Jun 2026 stood at -$456.1 million (up 47.07% YoY), while the FY2025 annual figure was $5.2 billion, up 47.85% from the prior year.
- Total Liabilities came in at -$456.1 million for Q2 2026 at Vnet, up from -$525.2 million in the prior quarter.
- In the past five years, Total Liabilities ranged from a high of $5.1 billion in Q4 2025 to a low of -$966.0 million in Q1 2023.
- Average Total Liabilities over 5 years is $498.9 million, with a median of -$807.0 million recorded in 2022.
- Year-over-year, Total Liabilities soared 476.84% in 2024 and tumbled 122.54% in 2025.
- Over 5 years, Total Liabilities stood at $2.8 billion in 2022, then rose by 18.1% to $3.3 billion in 2023, then advanced by 6.81% to $3.5 billion in 2024, then surged by 43.46% to $5.1 billion in 2025, then sank by 108.98% to -$456.1 million in 2026.
- Per Business Quant data, the three most recent Total Liabilities figures were -$456.1 million in Q2 2026, -$525.2 million in Q1 2026, and $5.1 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn | 26.68 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn | 7.90 Bn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn | 6.19 Bn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn | 6.91 Bn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn | 7.74 Bn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn | 7.68 Bn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn | -456.08 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn | 543.51 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 96.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -456.08 Mn |
| Mar 31, 2026 | -525.20 Mn |
| Dec 31, 2025 | 5.08 Bn |
| Sep 30, 2025 | -740.89 Mn |
| Jun 30, 2025 | -861.60 Mn |
| Mar 31, 2025 | -875.66 Mn |
| Dec 31, 2024 | 3.54 Bn |
| Sep 30, 2024 | 3.29 Bn |
| Jun 30, 2024 | -849.36 Mn |
| Mar 31, 2024 | -831.61 Mn |
| Dec 31, 2023 | 3.32 Bn |
| Sep 30, 2023 | -872.17 Mn |
| Jun 30, 2023 | -870.01 Mn |
| Mar 31, 2023 | -965.95 Mn |
| Dec 31, 2022 | 2.81 Bn |
| Jun 30, 2022 | -806.96 Mn |
| Mar 31, 2022 | -894.03 Mn |
| Dec 31, 2021 | 2.42 Bn |
| Sep 30, 2021 | -794.11 Mn |
| Jun 30, 2021 | -1.06 Bn |