VNET Group, Inc.VNETEarnings & Financial Report
Nasdaq
VNET Q1 2025 Key Financial Metrics
Revenue
$2.2B
Gross Profit
$565.3M
Operating Profit
$1.5M
Net Profit
$-17.3M
Gross Margin
25.2%
Operating Margin
0.1%
Net Margin
-0.8%
YoY Growth
N/A
Financial Flow
VNET Group, Inc. Q1 2025 Financial Summary
VNET Group, Inc. reported revenue of $2.2B for Q1 2025, with a net profit of $-17.3M (-0.8% margin). Cost of goods sold was $1.7B, operating expenses totaled $563.9M.
Key Financial Metrics
| Total Revenue | $2.2B |
|---|---|
| Net Profit | $-17.3M |
| Gross Margin | 25.2% |
| Operating Margin | 0.1% |
| Report Period | Q1 2025 |
VNET Group, Inc. Annual Revenue by Year
VNET Group, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $8.3B).
| Year | Annual Revenue |
|---|---|
| 2024 | $8.3B |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.90B | $1.99B | $2.12B | $2.25B | $2.25B |
| YoY Growth | N/A | N/A | N/A | N/A | N/A |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | |
|---|---|---|---|---|---|
| Assets | $3.90B | $4.01B | $4.26B | $4.43B | $5.35B |
| Liabilities | N/A | N/A | $3.29B | N/A | N/A |
| Equity | $895.1M | $900.6M | $902.9M | $948.1M | $927.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | |
|---|---|---|---|---|---|
| Operating CF | $267.59B | $405.20B | $760.37B | $572.24B | $195.71B |