VNET Group, Inc.

VNET · NASDAQ
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9/30/2025
6/30/2025
3/31/2025
12/31/2024
Revenue$2,582$2,434$2,246$2,246
% Growth6.1%8.4%-0%
Cost of Goods Sold$2,043$1,886$1,681$1,742
Gross Profit$539$548$565$505
% Margin20.9%22.5%25.2%22.5%
R&D Expenses$71$68$44$56
G&A Expenses$186$212$180$193
SG&A Expenses$257$282$244$266
Sales & Mktg Exp.$71$70$64$73
Other Operating Expenses$5$25$29-$54
Operating Expenses$333$375$317$268
Operating Income$206$173$249$237
% Margin8%7.1%11.1%10.6%
Other Income/Exp. Net-$460-$61-$417-$151
Pre-Tax Income-$254$112-$168$86
Tax Expense$21$95$52$83
Net Income-$307-$12-$238-$11
% Margin-11.9%-0.5%-10.6%-0.5%
EPS-1.14-0.044-0.9-0.042
% Growth-2,467.6%95.1%-2,042.9%
EPS Diluted-1.14-0.06-0.9-0.041
Weighted Avg Shares Out269268266266
Weighted Avg Shares Out Dil269268266268
Supplemental Information
Interest Income$9$17$7$6
Interest Expense$151$158$101$77
Depreciation & Amortization$0$550$427$439
EBITDA$343$723$676$676
% Margin13.3%29.7%30.1%30.1%