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GDS Holdings Ltd GDS
Nasdaq · stock · Services-Computer Programming, Data Processing, Etc. · website · IPO 2016-11-02
GDS Holdings Ltd financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.4B | $10.3B | $9.8B | $9.3B | $7.8B | $5.7B | $4.1B | $2.8B | $1.6B | $1.1B |
| Gross profit | $2.6B | $2.2B | $2.0B | $2.0B | $1.8B | $1.6B | $1.0B | $622.4M | $408.5M | $265.7M |
| R&D expense | $32.7M | $36.3M | $38.2M | $31.9M | $39.3M | $40.0M | $21.6M | $13.9M | $7.3M | $9.1M |
| Operating income | -$55.8M | $1.2B | -$2.2B | $713.2M | $569.5M | $672.9M | $479.8M | $168.4M | $82.2M | -$42.4M |
| Interest expense | — | — | $2.0B | $1.9B | $1.7B | $1.3B | $968.7M | $656.2M | $412.0M | $265.2M |
| Income tax | $469.7M | $156.1M | -$15.6M | $276.2M | $242.5M | $120.8M | $15.7M | -$9.4M | -$6.1M | -$8.3M |
| Net income | $949.6M | $3.4B | -$4.3B | -$1.3B | -$1.2B | -$666.4M | -$442.1M | -$430.3M | -$326.9M | -$276.4M |
| EPS (diluted) | $0.55 | $2.27 | $-2.96 | $-1.03 | $-0.90 | $-0.59 | $-0.45 | — | — | — |
| Operating cash flow | $3.4B | $2.2B | $2.4B | $2.9B | $1.2B | $320.9M | $293.4M | -$12.9M | -$167.8M | -$150.2M |
| Free cash flow | -$1.3B | -$949.6M | -$834.7M | -$3.0B | -$8.5B | -$7.7B | -$4.3B | -$4.3B | -$1.9B | -$1.1B |
| Cash & equivalents | $14.3B | $7.9B | — | — | — | — | — | — | $1.9B | $1.8B |
| Total assets | $80.0B | $73.6B | $74.4B | $74.8B | $71.6B | $57.3B | $31.5B | $20.9B | $13.1B | $8.2B |
| Total liabilities | $52.3B | $50.0B | $54.3B | $50.6B | $45.7B | $30.6B | $20.1B | $15.4B | $8.7B | $5.2B |
| Shareholders' equity | $26.7B | $22.6B | $19.1B | $23.1B | $24.5B | $25.6B | $10.3B | $5.5B | $4.5B | $3.0B |
Growth · year-over-year · Revenue CAGR 30.3%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +10.8% | +5.5% | +5.5% | +18.5% | +36.2% | +39.2% | +47.6% | +72.8% | +53.1% | +50.1% |
| Net income growth | -72.3% | — | — | — | — | — | — | — | — | — |
| EPS growth | -75.8% | — | — | — | — | — | — | — | — | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.