VNET Group, Inc. (VNET) quarterly cash flow statement — complete operating, investing & financing history
VNET Group, Inc. (VNET) cash flow statement — 17-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 217.34M | 173.68M | 546.42M | 809.82M | 366.6M | 195.71M | 572.24M | 760.37M | 405.2M | 267.59M | 1.61B | 454.31M | 423.48M | 455.01M | 569.57M | 607.42M | 942.71M | 482.6M | 663.99M | 134.67M |
| Operating CF Margin % | 7.84% | 6.45% | 20.62% | 31.53% | 15.06% | 8.71% | 25.47% | 36.66% | 20.32% | 14.1% | 84.76% | 24.08% | 23.25% | 25.2% | 30.29% | 33.48% | 54.65% | 29.31% | 38.21% | 8.63% |
| Operating CF Growth % | -40.71% | -11.26% | -4.51% | 6.5% | -9.53% | -26.86% | -64.44% | 67.37% | -4.31% | -41.19% | 182.52% | -25.21% | -55.08% | -5.72% | -14.22% | 351.03% | 199.46% | 75.84% | 133.94% | -35.86% |
| Net Income | -144.27M | -321.98M | 304.67M | 0 | 0 | 0 | -11.1M | 332.15M | 71.85M | -159.03M | -2.56B | -39.88M | -237.57M | 103.57M | -57.44M | -423.95M | -373.51M | 92.9M | -24.54M | 160.15M |
| Depreciation & Amortization | 682.06M | 633.7M | 598.25M | 551.9M | 548.24M | 426.02M | 443.98M | 393.51M | 388.71M | 377.09M | 1.35B | 461.6M | 433.01M | 431.65M | 449.47M | 410.99M | 385.88M | 349.61M | 352.78M | 316.95M |
| Stock-Based Compensation | 0 | 0 | 7.7M | 0 | 0 | 0 | 42.9M | 6.94M | -15.15M | 113.87M | 25.82M | 9.47M | 8.01M | 8.34M | -7.79M | 35.23M | 47.48M | 43.24M | 253.04M | 4.61M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.89M | 0 | 0 | 0 | 325K | 0 |
| Other Non-Cash Items | -320.45M | -138.04M | 643.09M | 257.92M | -181.64M | -230.3M | 238.8M | -107.34M | 101.89M | 137.3M | 2.75B | 130.63M | 357.79M | 62.63M | 113.89M | 436.88M | 447.48M | 39.99M | -8.45M | -41.29M |
| Working Capital Changes | 0 | 0 | -1.01B | 0 | 0 | 0 | -142.34M | 135.1M | -142.09M | -201.64M | 329.64M | -107.52M | -137.76M | -151.18M | 53.55M | 148.27M | 435.38M | -43.15M | 90.84M | -305.75M |
| Change in Receivables | 0 | 0 | -663.66M | 0 | 0 | 0 | 22.46M | -138.97M | 142.47M | -226.97M | 73.53M | -70.9M | 8.39M | -254.29M | -109.8M | 64.29M | -137.72M | -197.96M | 113.97M | -245.17M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 137.72M | 0 | -30.69M | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.46M | -47.02M | 0 | 0 | 0 | 0 | 0 | 144.06M | 0 | 76.07M | 0 | 195.73M | 0 |
| Cash from Investing | -936.54M | -2.22B | -555.62M | -2.29B | -3.28B | -1.88B | -1.38B | -1.34B | -1.03B | -650.94M | -3.15B | -750.15M | -1.05B | -701.52M | -1.33B | -614.48M | -578.63M | -1.03B | -1.14B | -1.49B |
| Capital Expenditures | -1.54B | -1.75B | -1.81B | -2.18B | -1.87B | -1.79B | -1.49B | -1.43B | -998.49M | -1.01B | -2.02B | -964.67M | -404.99M | -611.03M | -915.59M | -580.52M | -540.56M | -1.02B | -935.77M | -659.07M |
| CapEx % of Revenue | 55.53% | 65.12% | 68.3% | 85.05% | 76.83% | 79.78% | 66.46% | 68.79% | 50.08% | 52.97% | 106.45% | 51.12% | 22.23% | 33.84% | 48.68% | 32% | 31.34% | 61.72% | 53.84% | 42.24% |
| Acquisitions | 45.26M | 0 | -279.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 0 | 0 | 0 | -38.99M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -123.38M | -466.33M | 1.53B | -104.76M | -195.6M | -92.72M | 116.81M | -2.04M | 109.61M | 354.43M | -1.13B | 214.53M | 9.29M | -90.49M | -207.79M | 2.67M | -38.07M | -16.52M | -201.07M | -833.55M |
| Cash from Financing | -95.37M | 3.95B | 2.13B | 2.14B | 582.66M | 5.37B | 785.25M | 528.33M | 664.43M | -2.61B | 2.76B | 715.55M | -49.15M | 517.06M | 173.09M | 72.77M | -161.68M | 2.21B | -1.74B | 256.4M |
| Debt Issued (Net) | 263.41M | 2.51B | 0 | 1.59B | 622.81M | 4.57B | 0 | 587.97M | 157.52M | -3.2B | 1.34B | 498.84M | -334.17M | 121.96M | 238.5M | 83.2M | -99.56M | 2.08B | -1.69B | 248.2M |
| Equity Issued (Net) | 8.65M | 951.39M | -17.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -131K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -17.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -131K | 0 |
| Other Financing | -367.43M | 482.57M | 2.15B | 549.68M | -40.15M | 796.03M | 785.25M | -59.65M | 506.91M | 591.45M | 2.76B | 216.71M | 285.01M | 395.1M | 0 | -10.44M | -62.12M | 137.97M | -48.51M | 8.2M |
| Net Change in Cash | -715.65M | 1.88B | 2.12B | 661.15M | -2.35B | 3.69B | -894K | -53.87M | 45.91M | -3.01B | 2.07B | 407.25M | -625.87M | 253.35M | -766.58M | 139.82M | 251.37M | 1.66B | -2.22B | -1.09B |
| Free Cash Flow | -1.3B | -1.62B | -1.26B | -1.41B | -1.5B | -1.63B | -920.74M | -666.53M | -593.28M | -743.75M | -349.26M | -510.36M | 18.49M | -156.02M | -346.02M | 26.89M | 402.15M | -533.63M | -280.41M | -524.39M |
| FCF Margin % | -46.77% | -60.23% | -47.68% | -54.97% | -61.77% | -72.58% | -40.99% | -32.13% | -29.76% | -39.18% | -18.4% | -27.05% | 1.01% | -8.64% | -18.4% | 1.48% | 23.32% | -32.41% | -16.13% | -33.61% |
| FCF Growth % | 13.82% | 0.58% | -37.23% | -111.79% | -153.45% | -119.2% | -163.63% | -30.6% | -3309.37% | -376.71% | -0.93% | -1997.6% | -95.4% | 70.76% | -23.4% | 105.13% | 402.51% | -30.61% | 43.19% | 10.44% |
| FCF per Share | -4.57 | -5.91 | -4.30 | -5.25 | -5.60 | -6.14 | -3.43 | -2.30 | -2.27 | -2.85 | -2.27 | -3.44 | 0.12 | -0.89 | -2.34 | 0.18 | 2.72 | -3.41 | -1.87 | -3.51 |
| FCF Conversion (FCF/Net Income) | -1.51x | -0.08x | 1.85x | -2.64x | -30.60x | -0.82x | -51.57x | 2.45x | 6.36x | -1.43x | -0.66x | -9.00x | -1.82x | 5.53x | -8.87x | -1.43x | -2.50x | 5.32x | -24.34x | 0.86x |
| Interest Paid | 0 | 0 | 570.73M | 0 | 0 | 0 | 434.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |