GDSNasdaqServices-Computer Programming, Data Processing, Etc.Also trades as GDHLF

GDS Holdings Ltd

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026

$22.47−0.61 (-2.64%)

Close on Oct 19, 2026

GDS Holdings Ltd balance sheet

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31
Cash & Equivalents	2,046	1,078	1,056	1,191	1,887	2,528	858	332	299	265	144	98	8.03
Cash & Short-Term Investments	2,046	1,078	1,056	1,191	1,887	2,528	858	332	299	265	144	98	8.03
Receivables	353	414	351	349	272	227	126	78	56	29	17	–	–
Prepaid Expenses & Other	–	–	25	27	32	25	12	9.43	7.74	7.25	7.93	–	–
Other Current Assets	59	49	63	62	50	26	21	16	6.56	7.08	5.20	–	–
Total Current Assets	2,652	1,591	1,547	1,733	2,270	2,807	1,018	442	377	318	183	–	–
Property, Plant & Equipment	5,442	5,508	5,648	6,802	6,375	4,536	2,756	2,035	1,255	623	388	–	–
Gross Property, Plant & Equipment	–	–	–	–	–	–	2,667	1,876	1,103	611	391	–	–
Accumulated Depreciation	–	–	–	–	–	–	-371	-223	-148	-88	-65	–	–
Construction in Progress	807	899	1,219	1,570	1,135	806	460	383	300	100	62	–	–
Long-Term Investments	1,437	1,034	1.03	–	–	–	–	–	–	–	–	–	–
Operating Lease Right-of-Use Assets	691	711	748	817	632	469	114	75	–	–	–	–	–
Goodwill	742	806	829	1,026	1,110	398	274	255	241	193	200	209	–
Intangible Assets	39	66	97	152	201	120	57	70	54	13	7.25	–	–
Deferred Tax Assets	56	52	41	33	29	22	10	5.38	2.20	1.82	0.36	–	–
Other Long-Term Assets	93	92	105	96	168	74	42	31	33	14	8.88	–	–
Total Assets	11,440	10,090	10,486	10,847	11,241	8,775	4,524	3,038	2,020	1,182	792	–	–
Accounts Payable	276	355	387	448	612	560	241	219	171	74	33	–	–
Accrued Expenses	172	177	161	147	420	214	117	69	–	–	–	–	–
Short-Term Debt	59	246	59	240	728	189	57	100	71	35	51	–	–
Current Portion of Long-Term Debt	363	348	304	286	205	141	106	87	50	56	15	–	–
Current Debt	422	595	364	525	933	330	163	187	121	91	66	–	–
Current Portion of Leases	16	16	19	25	23	13	7.92	9.75	–	–	–	–	–
Current Income Taxes Payable	18	16	24	–	–	–	–	–	3.09	2.20	1.38	–	–
Deferred Revenue (Current)	16	12	17	23	14	15	13	11	8.55	5.86	7.18	–	–
Other Current Liabilities	17	1.30	2.41	2.46	–	–	–	–	–	–	–	–	–
Total Current Liabilities	1,019	1,244	1,170	1,537	2,113	1,171	574	510	372	213	143	–	–
Long-Term Debt	3,341	3,001	3,252	3,410	2,869	1,619	1,153	757	532	217	148	–	–
Long-Term Leases	172	175	189	235	296	236	102	61	–	–	–	–	–
Operating Lease Liabilities	188	191	208	260	318	250	110	70	–	–	–	–	–
Deferred Tax Liabilities	164	170	181	204	115	71	36	25	19	7.67	5.82	–	–
Other Long-Term Liabilities	32	41	43	39	85	54	50	50	55	16	12	–	–
Total Liabilities	7,473	6,847	7,651	7,341	7,177	4,688	2,892	2,235	1,332	751	474	–	–
Total Debt	3,763	3,596	3,616	3,935	3,803	1,949	1,317	943	653	308	214	–	–
Common Stock	0.08	0.07	0.07	0.07	0.08	0.08	0.06	0.05	0.05	0.04	0.01	–	–
Additional Paid-In Capital	4,534	4,055	4,132	4,212	4,548	4,403	1,782	1,058	901	581	47	–	–
Retained Earnings	-729	-828	-1,334	-751	-614	-417	-295	-235	-182	-124	-90	–	–
Comprehensive Income & Other	-119	-150	-137	-123	-94	-67	-7.57	-20	-31	-28	-9.56	–	–
Shareholders' Equity	3,687	3,077	2,661	3,338	3,840	3,918	1,479	803	688	430	-53	-2.67	-50
Noncontrolling Interest	128	18	23	17	9.29	0	–	–	–	–	–	–	–
Total Equity	3,815	3,095	2,684	3,355	3,850	3,918	1,479	803	688	430	-53	-2.67	-50
Total Liabilities & Equity	11,440	10,090	10,486	10,847	11,241	8,775	4,524	3,038	2,020	1,182	792	–	–
Shares Outstanding(shares)	–	–	–	–	–	–	–	–	941	760	218	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 22.6%
Operating margin: -0.5%
Net margin: 8.3%
Return on equity, FY2025: 3.9%

Financial strength

Current ratio: 2.60
Debt to equity: 1.02
Debt to assets: 32.9%
Cash to current liabilities: 200.7%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.