VNET
VNET Group·NASDAQ
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VNET fundamentals
VNET Group (VNET) released its earnings on Mar 16, 2026: revenue was 383.89M (YoY +24.77%), beat estimates; EPS was -0.0014 (YoY +82.93%), missed estimates.
Revenue / YoY
383.89M
+24.77%
EPS / YoY
-0.0014
+82.93%
Report date
Mar 16, 2026
VNET Earnings Call Summary for Q4,2025
- Revenue Surge: Q4 2025 revenue up 19.6% YoY to RMB 2.69 billion, with wholesale segment growing 47.1% YoY.
- 2026 Growth Targets: Revenue forecast of RMB 11.5-11.8 billion (+15.6%-18.6% YoY), EBITDA of RMB 3.55-3.75 billion (+19.2%-25.9% YoY).
- Capacity Expansion: 450-500 MW new builds planned for 2026, 70% focused on Greater Beijing with green energy integration.
- Customer Momentum: 150 MW of 2026 capacity already secured, with active participation in 2026-2027 customer tenders.
- Financial Strength: RMB 6.58 billion cash on hand, net debt/EBITDA of 4.3%, and 2026 CapEx fully financed via project loans and private REITs.
EPS
Actual | -0.1726 | -0.4538 | 0.0117 | -1.1743 | -0.0915 | 0.0371 | -0.0279 | -0.0283 | 0.0946 | -0.385 | -0.4047 | -0.0609 | 0.0611 | -0.2151 | -0.3944 | -0.3733 | -0.0997 | 0.033 | 0.0427 | -0.0082 | -0.0207 | -0.0014 | 0.007 | -0.0014 | ||||||||||||||||
Forecast | -0.0663 | -0.0502 | -0.0267 | 0.2258 | -0.0693 | -0.0504 | -0.0421 | -0.1468 | -0.0173 | -0.0424 | -0.0552 | -0.3783 | -0.0368 | -0.058 | -0.059 | -0.0838 | -0.0009 | -0.0323 | 0.0121 | 0.0288 | -0.0201 | 0.0076 | 0.0136 | 0.006 | ||||||||||||||||
Surprise | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -160.33% | -803.98% | +143.82% | -620.06% | -32.03% | +173.61% | +33.73% | +80.72% | +646.82% | -808.02% | -633.15% | +83.90% | +266.03% | -270.86% | -568.47% | -345.47% | -10977.78% | +202.17% | +252.89% | -128.47% | -2.99% | -118.42% | -48.53% | -123.33% |
Revenue
Actual | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 153.78M | 161.73M | 182.92M | 206.18M | 211.58M | 231.68M | 242.00M | 274.70M | 259.39M | 257.40M | 254.95M | 272.53M | 262.87M | 250.91M | 248.42M | 267.40M | 262.78M | 274.26M | 302.13M | 307.67M | 309.44M | 339.69M | 297.82M | 383.89M |
Forecast | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 153.77M | 161.89M | 181.73M | 202.92M | 211.69M | 229.12M | 239.45M | 276.96M | 276.85M | 255.54M | 256.24M | 284.06M | 260.86M | 259.16M | 265.37M | 288.07M | 264.35M | 266.54M | 287.55M | 283.19M | 306.12M | 320.42M | 342.17M | 374.56M |
Surprise | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | +0.01% | -0.10% | +0.65% | +1.60% | -0.05% | +1.12% | +1.06% | -0.82% | -6.30% | +0.73% | -0.50% | -4.06% | +0.77% | -3.19% | -6.39% | -7.17% | -0.60% | +2.90% | +5.07% | +8.64% | +1.09% | +6.02% | -12.96% | +2.49% |
Earnings Call
You can ask Aime
What is VNET Group's latest dividend and current dividend yield?What does VNET Group do and what are its main business segments?What is the revenue and EPS growth rate for VNET Group year over year?What is VNET Group's gross profit margin?What guidance did VNET Group's management provide for the next earnings period?What is the market's earnings forecast for VNET Group next quarter?What were the key takeaways from VNET Group's earnings call?What factors drove the changes in VNET Group's revenue and profit?
