VNET Group, Inc.

Key metrics

Financial performance

Over the last 8 fiscal years VNET Group, Inc.'s revenue grew from $162.21M to $544.25M, a compound annual growth rate of 16.3%. Net profit margin expanded from -17.4% to -4.8% over the same period - every figure below comes from the company's audited annual filings.

Key statistics

Latest filings

Browse the full filing history (416 filings)

Recent press releases

• VNET Reports Unaudited First Quarter 2026 Financial Results2026-05-26

  "We delivered a strong first quarter through effective execution of our dual-core strategy and Hyperscale 2.0 framework," said Josh Sheng Chen , Founder, Executive Chairperson and Interim Chief Executive Officer of VNET . "Our wholesale IDC business continued to thrive, securing a total of 517MW of new orders year-to-date 2026, including 510MW from a leading internet customer for our data centers in the Greater Beijing Area . As a pioneer in AIDC, we also advanced the development of high-performance, large-scale, green data center clusters, a segment where surging demand is increasingly constrained by limited resource availability. Moreover, we further strengthened our shareholder base by welcoming the affiliates of Contemporary Amperex Technology Co., Limited ("CATL") as strategic investors. At the same time, we would like to thank Shandong Hi-Speed Holdings Group Limited for their continued trust and support over the years. Looking ahead, our strategic alignment with CATL will unlock

• VNET Announces Changes to Leadership Team2026-04-20

  Mr. Josh Sheng Chen , Founder, Executive Chairperson and Interim Chief Executive Officer of VNET , commented, "On behalf of the Company, I would like to thank Qiyu for his contributions during his tenure. His financial discipline and strategic insight have been instrumental to the Company's growth. We wish him every success in his future endeavors."

• VNET Reports Unaudited Fourth Quarter and Full Year 2025 ...2026-03-16

  "We closed 2025 with strong full-year results, successfully achieving our 2025 delivery plan with a record 404MW delivered and exceeding guidance on both revenues and adjusted EBITDA," said Josh Sheng Chen, Founder, Executive Chairperson and Interim Chief Executive Officer of VNET . "Our wholesale IDC business maintained exceptional momentum, driven by strong customer demand and our proven ability to scale capacity rapidly and efficiently. Our order momentum remained robust, with a total of 135MW of new wholesale orders secured in the fourth quarter of 2025. As a leading player, we remain focused on reinforcing our core strengths and developing our scalable and high-performance data centers to capture the accelerating AI-driven demand. Moving forward, we will further advance our Hyperscale 2.0 framework to achieve sustainable, high-quality growth and create long-term value for all stakeholders."

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