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MARKETS / NASDAQ / GDS
NASDAQ · SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. · LARGE CAP

GDS Holdings Ltd. GDS

12 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 11.4B
▲ 10.8% YoY
CNY 949.6M
▼ 72.3% YoY
CNY -1.3B
Growth
CNY 11.4B
Revenue, FY2025 · full 12-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 11.4 · Net income 0.9
4B8B-2B-4B2014201620182020202220242025
Compound annual growth
+7.2%
+14.8%
+32.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +14.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
8 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating -0.5% · Net 8.4%
10%20%30%-20%-40%2014201620182020202220242025
ROE
FY2025 · ROE 3.9%
5%10%15%-10%-20%2014201620182020202220242025

Each CNY of equity produced 4 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow CNY B
FY2025 · FCF -1.3
-4B-8B2014201620182020202220242025
Net buybacks CNY M Dividends CNY M
FY2014 · Dividends — · Net buybacks 119.7
40M80M2014

Total assetsCNY 80.0B
EquityCNY 25.8B
CashCNY 14.3B
Gross debtCNY 25.9B
Net debtCNY 11.6B
Current ratio2.60×

Net debt stands at 45% of equity.

The 12-year record
12 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014
Revenue CNY B11.410.39.89.37.85.74.12.81.61.10.70.5
Operating income CNY B−0.11.2−2.20.70.60.70.50.20.1−0.0−0.0−0.1
EBITDA CNY B3.24.20.83.63.02.21.50.90.40.20.10.0
Income tax CNY B0.50.2−0.00.30.20.10.0−0.0−0.0−0.0−0.0−0.0
Net income CNY B0.93.4−4.3−1.3−1.2−0.7−0.4−0.4−0.3−0.3−0.1−0.1
Free cash flow CNY B−1.3−1.2−1.1−3.1−8.5−7.7−4.3−4.3−1.9−1.1−0.8−0.2
EPS, diluted CNY 0.552.27−2.96−1.03−0.90−0.59−0.45−0.43−0.42−1.35−0.99−1.91
Dividend / sh CNY ············
Payout %············
ROE %3.916.6−20.5−5.3−4.7−3.7−5.6−8.6−8.8−20.9··
Shares out B········0.940.760.22·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 58 reconciliationsAUDITED

Reconciled in 12 of 19 fiscal years. 37 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Programming, Data Processing, Etc.
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsnot stated in the filings
Data on record since2014

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