VNETNasdaqServices-Computer Programming, Data Processing, Etc.

VNET Group, Inc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 16, 2026

$3.88−0.04 (-1.02%)

Close on Oct 19, 2026

VNET Group, Inc. cash flow statement

Annual Quarterly TTM

CNY USD

Millions of CNY, 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	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Depreciation & Amortization	2,126	1,598	1,807	1,596	1,268	989	772	635	667	–	–	–	–	–	–	–	–
Stock-Based Compensation	26	149	35	118	320	137	44	60	47	119	190	234	68	68	42	278	–
Deferred Income Taxes	62	-13	-43	18	0.33	-23	-65	-20	-128	-66	-20	-29	-20	-9.32	-18	-9.05	-4.99
Change in Accounts Receivable	–	–	–	–	–	–	–	–	–	–	–	–	-303	-132	-66	-25	-1.53
Change in Inventory	–	–	–	–	–	–	–	-1.12	-1.13	9.11	-3.48	-2.34	–	–	–	–	–
Change in Accounts Payable	–	–	–	–	–	–	–	–	–	–	–	–	61	20	15	-7.44	11
Change in Unearned Revenue	-439	-226	447	116	0.31	-27	399	267	202	16	-11	-11	9.58	0	–	–	–
Operating Cash Flow	1,919	2,005	2,063	2,440	1,388	714	803	705	487	58	217	325	65	174	166	81	2.76
Capital Expenditures	-7,657	-4,924	-2,967	-2,996	-2,692	-2,473	-1,249	-435	-396	-575	-1,052	-801	-419	-447	-256	-59	-35
Acquisitions	–	–	–	-36	-680	-1,303	-83	-13	–	–	–	-1,308	-62	-67	-108	-48	–
Sale of Property, Plant & Equipment	63	277	32	6.13	10	1.78	2.48	15	5.72	0.05	1.70	17	0.24	0.20	7.60	27	0.19
Divestitures	756	–	13	0.30	–	5.80	–	3.39	-78	–	–	–	–	–	–	–	–
Purchase of Investments	-1,732	-221	-1,021	-213	-70	-328	-446	-352	-918	-339	-1,695	-189	-1,149	-318	-1,658	–	–
Other Investing Activities	–	–	–	–	–	-3.60	–	–	–	–	–	–	–	–	–	–	–
Investing Cash Flow	-8,012	-4,391	-3,905	-3,559	-3,773	-3,889	-1,612	-305	-833	-841	-370	-2,262	-1,507	-176	-1,268	-0.62	-35
Share Repurchases	-17	–	–	–	-1,702	-130	-12	–	-133	-43	-19	-214	-60	0	-190	–	–
Stock Issued	–	–	2,122	–	-0.13	2,680	0.57	–	–	2,549	1,808	0	533	0	1,333	0.02	–
Debt Issued	4,976	3,015	1,814	1,100	1,628	595	2,012	–	1,936	–	–	1,981	973	0	0	–	–
Debt Repaid	–	–	–	–	–	–	–	–	-421	–	–	–	–	-1.00	–	–	–
Other Financing Activities	-5.10	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financing Cash Flow	10,221	-628	3,941	2,298	968	4,163	462	-20	-613	1,909	1,115	1,122	2,478	24	1,444	-69	29
Foreign Exchange Rate Adjustments	-7.23	-4.95	9.99	102	9.15	-229	44	85	-140	160	79	0.26	-8.17	-0.34	-15	–	–
Net Change in Cash	4,121	-3,018	2,109	1,281	-1,408	759	-304	466	-1,099	-388	1,041	-814	1,027	22	327	11	-3.34
Free Cash Flow	-5,738	-2,918	-904	-555	-1,304	-1,759	-446	270	91	-517	-835	-475	-355	-273	-90	23	-32
Income Taxes Paid	422	212	146	160	83	102	42	57	55	50	63	33	38	44	8.85	2.93	2.01
Interest Paid	571	434	251	222	260	284	216	161	97	156	243	229	62	11	4.40	2.79	0.42

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, FY

Gross margin: –
Operating margin: –
Net margin: –
Return on equity, FY2025: -4.0%

Financial strength

Current ratio: 0.92
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 44.4%

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.