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 revenue by segment
By business segment
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Service revenue | CN¥11.43B | CN¥10.32B | CN¥9.78B | CN¥9.26B | CN¥7.81B | CN¥5.72B | CN¥4.09B | CN¥2.76B | CN¥1.59B | CN¥1.00B | 100.0% | +10.7% |
| Colocation services | CN¥10.37B | CN¥9.17B | CN¥8.54B | CN¥7.92B | CN¥6.51B | CN¥4.71B | CN¥3.26B | CN¥2.10B | CN¥1.22B | CN¥770.15M | 90.7% | +13.1% |
| Managed service and others | CN¥1.05B | CN¥1.15B | CN¥1.25B | CN¥1.34B | CN¥1.30B | CN¥1.01B | CN¥832.83M | CN¥655.23M | CN¥372.77M | CN¥232.87M | 9.2% | -8.5% |
| Equipment sales | CN¥4.20M | CN¥180.00K | CN¥564.00K | CN¥7.74M | CN¥4.28M | CN¥22.10M | CN¥27.83M | CN¥32.59M | CN¥24.31M | CN¥52.95M | 0.0% | +2231.7% |
By region
From the segment and revenue-disaggregation notes of GDS's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.