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VNETVNET Group, Inc.
$8.75$2.4B
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HomeStocksVNETEarnings History

VNET logoVNET Group, Inc. (VNET) Earnings History

Net Loss

17 years of earnings data (2009–2025) · Currently unprofitable on a TTM basis

TTM Net Income
-$2.25B
● Net Loss
TTM EPS (Diluted)
$-8.22
Per share, diluted
YoY EPS Growth
-236.4%
Declining
Net Margin
-2.6%
After-tax profitability
EPS Growth Rate (CAGR)
1YN/A
3YN/A
5YN/A
10YN/A
Operating Margin7.6%
Gross Margin22.0%
Return on Equity-3.2%
Return on Assets-0.6%
Record Annual Net Income$500MFY2021
Record Quarterly EPS$7.08Q4 2017
Consecutive Profitable Years0years
Q1 2026
Net Income-$2.23B
EPS (Diluted)$-8.16
YoY Growth-236.4%Declining
QoQ Growth-854.0%Declining

Loading earnings history...

VNET Group, Inc. (VNET) Earnings Overview

As of June 22, 2026, VNET Group, Inc. (VNET) reported trailing twelve-month net income of -$2.25B, reflecting -236.4% year-over-year growth. The company earned $-8.22 per diluted share over the past four quarters, with a net profit margin of -2.6%.

Looking at the long-term picture, VNET's historical earnings data spans multiple years. The company achieved its highest annual net income of $500M in fiscal 2021.

VNET Group, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →

Compared to peers including GDS ($2.83B net income, 8.3% margin), DLR ($1.31B net income, 21.4% margin), EQIX ($1.42B net income, 14.6% margin), VNET has room to improve margins relative to the peer group. Compare VNET vs GDS →

VNET Earnings vs Peers

Earnings metrics vs comparable public companies

CompanyTTM Net IncomeTTM EPSNet MarginROEYoY GrowthCompare
VNET logoVNETCurrent
-$2.3B$-8.22-2.6%-3.2%-236.4%—
GDS logoGDS
$2.8B$11.138.3%3.6%+193.0%
DLR logoDLR
$1.3B$3.7221.4%5.5%+122.4%
EQIX logoEQIX
$1.4B$14.4014.6%9.7%+61.9%
IRM logoIRM
$272M$0.912.1%--19.7%
CYD logoCYD
$386M$10.281.7%2.6%+17.5%
Best in group
Lowest in group

VNET Historical Earnings Data (2009–2025)

17 years
Fiscal Year Net Income YoY % Operating Income EPS (Diluted) Net Margin Op. Margin
2025-$250M-236.3%$732M$-0.90-2.6%7.6%
2024$183M+106.9%$669M$0.662.2%8.1%
2023-$2.64B-234.8%-$1.97B$-17.58-35.7%-26.6%
2022-$790M-257.9%$62M$-5.16-11.0%0.9%
2021$500M+118.5%$21M$3.308.1%0.3%
2020-$2.71B-1386.3%$117M$-26.82-56.1%2.4%
2019-$182M+11.1%$182M$-1.20-4.8%4.8%
2018-$205M+73.5%$237M$-1.80-6.0%7.0%
2017-$773M-22.0%-$1.37B$-6.90-22.8%-40.3%
2016-$634M-48.0%-$840M$-7.92-17.4%-23.1%
2015-$428M-22.8%-$284M$-5.22-11.8%-7.8%
2014-$348M-622.6%-$115M$-5.22-12.1%-4.0%
2013-$48M-185.6%$42M$-0.78-2.5%2.1%
2012$56M+205.4%$81M$0.963.7%5.3%
2011$18M+107.2%$15M$0.361.8%1.5%
2010-$255M-4214.7%-$233M$-15.90-48.6%-44.3%
2009-$6M-$27M$-0.50-1.9%8.7%

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VNET — Frequently Asked Questions

Quick answers to the most common questions about buying VNET stock.

What is VNET earnings per share (EPS)?

VNET trailing twelve-month (TTM) diluted EPS is $-8.22, reflecting -236.4% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2009 to 2025 is available in the table on this page.

What is VNET Group, Inc.'s net income?

VNET Group, Inc. (VNET) trailing twelve-month net income is $-2.3B as of 2025. Earnings declined -236.4% year-over-year.

Is VNET profitable?

VNET is not currently profitable on a TTM basis, reporting a net loss of $-2.3B. Net margin is -2.6%. Investors should monitor for a return to profitability.

What is VNET's earnings growth rate?

VNET compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2009 to 2025.

What are VNET's profit margins?

VNET Group, Inc. net profit margin is -2.6%, operating margin is +7.6%, and gross margin is +22.0%. Below-average margins reflect competitive or cost pressures. Return on Equity is -3.2%.

Is VNET growing earnings?

VNET earnings are declining — EPS fell -236.4% year-over-year. TTM net income dropped to $-2.3B. This contrasts with the 5-year CAGR of N/A.

What was VNET's best earnings year?

VNET Group, Inc.'s highest annual net income on record is $500M, achieved in fiscal year 2021. Earnings history on this page spans 2009 to 2025 and includes all annual and quarterly figures.

What were VNET's earnings last quarter?

VNET's most recent reported quarter was Q1 2026. Net income was $-2.2B with diluted EPS of $-8.16. For a full breakdown of all quarters, see the quarterly earnings table on this page.

VNET Earnings Over Time (2009–2025)

Net income & EPS — annual and quarterly view