← VNET Group, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $524.5m | $521.4m | $494.7m | $544.3m | $223.2m | $278.2m | $236.6m | $226.0m | $305.9m | $399.1m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $494.7m | — | — | — | — | — | — | — | |
| Cost of Revenue | $422.0m | $404.9m | $357.2m | $409.3m | $123.4m | $142.7m | $125.8m | $172.6m | $123.9m | $173.6m | |
| Gross Profit | $102.6m | $116.6m | $137.4m | $134.9m | $164.9m | $225.7m | $196.9m | $182.0m | $251.0m | $313.5m | |
| Operating expenses: | |||||||||||
| Operating Income (Loss) | ($121.0m) | ($210.3m) | $34.5m | $26.2m | $17.9m | $3.3m | $17.6m | ($277.6m) | $91.7m | $111.6m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $26.5m | $22.1m | $9.9m | $10.2m | $11.1m | $14.9m | $17.8m | $128.0m | $109.9m | $146.3m | |
| Capitalized Computer Software, Amortization | $57k | — | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $8.1m | ($2.6m) | ($11.8m) | ($4.0m) | $35.0m | $17.3m | ($75.9m) | ($11.1m) | ($2.6m) | $790k | |
| Goodwill, Impairment Loss | $0 | $117.8m | $0 | — | — | — | — | $192.1m | $0 | — | |
| Income (Loss) from Continuing Operations, Per Basic Share | ($0) | ($0) | ($0) | ($0) | ($1) | $0 | ($0) | ($3) | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | ($0) | ($0) | ($0) | ($0) | ($1) | ($0) | ($0) | ($3) | — | — | |
| Income (Loss) from Equity Method Investments | $5.1m | $8.3m | ($27.1m) | ($7.3m) | $1.7m | ($6.1m) | $279k | $462k | $1.1m | $984k | |
| Investment Income, Interest | $3.0m | $5.1m | $6.6m | — | — | — | — | — | — | — | |
| Other Operating Income | $977k | $836k | $731k | $986k | $1.2m | — | $8.7m | $15.0m | $15.7m | $4.0m | |
| Preferred Stock Dividends, Income Statement Impact | — | — | — | — | $72 | $1 | — | — | — | — | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | — | — | — | — | — | — | — | — | $15.1m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($135.8m) | ($154.9m) | ($23.6m) | ($25.3m) | ($394.0m) | $98.3m | ($91.1m) | ($2.5b) | $482.7m | $424.1m | |
| Net Income (Loss) Attributable to Parent | ($91.3m) | ($118.8m) | ($29.8m) | ($26.2m) | ($415.2m) | $78.5m | ($112.5m) | ($372.4m) | $25.1m | ($36.0m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | — | — | — | $168.1m | ($36.7m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($43.0m) | ($22.3m) | $2.7m | $150k | $4.5m | $2.4m | $2.0m | $6.6m | $8.9m | $67.5m | |
| Earnings Per Share, Basic | ($0.20) | ($0.21) | ($0.04) | ($0.04) | ($0.69) | $0.09 | ($0.13) | ($0.41) | $0.02 | ($0.02) | |
| Earnings Per Share, Diluted | ($0.20) | ($0.21) | ($0.04) | ($0.04) | ($0.69) | ($0.06) | ($0.13) | ($0.41) | $0.00 | ($0.02) | |
| Weighted Average Number of Shares Outstanding, Basic | 617.2m | 672.8m | 674.7m | 668.8m | 716.9m | 865.4m | 886.8m | 901.1m | 1.6b | 1.6b | |
| Weighted Average Number of Shares Outstanding, Diluted | 617.2m | 672.8m | 674.7m | 668.8m | 716.9m | 911.6m | 886.8m | 901.1m | 1.7b | 1.6b | |
| Research and Development Expense | $21.5m | $22.9m | $13.4m | $12.8m | $17.3m | $29.6m | $44.5m | $45.4m | $33.8m | $37.3m | |
| General and Administrative Expense | $92.1m | $79.9m | $67.3m | $59.7m | $82.0m | $132.2m | $93.2m | $76.3m | $90.3m | $114.0m | |
| Selling and Marketing Expense | $50.8m | $39.5m | $25.0m | $29.6m | $36.0m | $40.1m | $45.2m | $37.5m | $36.1m | $39.9m | |
| Interest Expense | $28.6m | $28.5m | $34.3m | $49.7m | $58.3m | $52.6m | $39.6m | $44.0m | $54.9m | $85.6m | |
| Current Income Tax Expense (Benefit) | $7.9m | $5.8m | $6.4m | $10.1m | $20.2m | $17.4m | $16.8m | $157.5m | $247.2m | — | |
| Income Tax Expense (Benefit) | ($1.6m) | ($13.9m) | $3.5m | $781k | $16.8m | $17.5m | $19.4m | $16.1m | $32.1m | $79.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.