GDS Holdings Ltd

Technology · Information Technology Services

27.60$ -7.5% vs. previous close Closing price · As of: Oct 2, 2026

Statements

Income Statement

GDS Holdings Ltd (GDS) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (Q2 26), "Revenue" came in at 3,079 million CNY. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of CNY.

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Income Statement GDS
Line item	Q3 16	Q4 16	Q1 17	Q2 17	Q3 17	Q4 17	Q1 18	Q2 18	Q3 18	Q4 18	Q1 19	Q2 19	Q3 19	Q4 19	Q1 20	Q2 20	Q3 20	Q4 20	Q1 21	Q2 21	Q3 21	Q4 21	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	LTM
Revenue	297	312	350	336	424	505	562	638	763	830	892	985	1,066	1,179	1,240	1,342	1,525	1,632	1,706	1,864	2,061	2,187	2,244	2,310	2,368	2,404	2,409	2,472	2,519	2,556	2,627	2,826	2,620	2,691	2,723	2,900	2,887	2,881	3,367	3,079	12,215
Cost of Revenue	223	236	244	255	322	387	439	500	591	639	680	723	792	884	890	981	1,116	1,202	1,309	1,424	1,606	1,700	1,757	1,842	1,875	1,916	1,917	1,921	2,072	2,124	2,054	2,189	2,062	2,113	2,078	2,211	2,248	2,335	2,236	2,479	9,298
Gross Profit	75	76	106	81	103	118	123	138	172	190	212	262	274	295	350	361	409	430	397	440	455	487	486	469	493	488	492	551	447	432	574	638	558	578	645	689	639	547	1,132	600	2,917
Research & Development	2.2	2.2	1.5	1.2	2.1	2.5	2.7	3.2	3.3	4.7	4.6	4.2	6.2	6.6	8.7	10	11	10	9.3	8.6	9.0	12	9.8	9.4	6.7	10.0	9.8	5.0	11	13	10.0	11	8.6	6.9	7.9	8.8	8.3	7.6	9.6	7.0	32
Selling, General & Administrative	43	53	49	48	64	68	63	87	89	91	90	95	106	121	117	157	203	225	231	248	262	281	300	287	302	296	289	270	317	309	311	285	211	243	239	232	228	241	177	186	833
Total Operating Expenses	63	75	71	72	89	93	92	112	122	128	123	129	144	167	156	197	250	275	276	293	306	335	351	335	346	352	337	307	367	3,371	354	322	252	296	280	274	277	188	224	162	851
Operating Income	12	1.3	35	8.9	14	25	30	25	50	62	89	133	130	128	194	164	159	155	121	147	150	152	135	133	147	136	155	244	81	-2,938	219	316	305	282	365	415	362	358	908	438	2,067
Interest Expense	69	83	79	86	106	136	119	137	182	202	219	222	241	234	261	301	339	387	358	412	392	443	453	471	444	477	484	469	503	580	503	505	463	381	441	405	375	407	380	366	1,528
Pre-Tax Income	-54	-70	-46	-77	-93	-118	-87	-100	-116	-137	-123	-94	-109	-100	-76	-75	-170	-228	-219	-247	-231	-251	-301	-316	-272	-100	-311	-200	-400	-3,389	-283	-172	-152	-139	964	-5.7	911	-433	2,761	1,048	4,286
Income Tax Expense	-1.6	-0.2	-1.4	-1.3	-2.3	-1.0	-1.3	1.9	3.8	-14	14	-1.2	-0.7	3.5	16	26	35	44	59	51	70	62	72	59	67	78	164	25	21	-225	62	60	-0.3	34	200	65	182	23	109	213	526
Net Income	-53	-70	-44	-76	-90	-117	-86	-102	-119	-123	-137	-93	-109	-104	-92	-101	-211	-270	-277	-313	-325	-338	-373	-375	-340	-181	-475	-227	-421	-3,166	-346	-226	-192	4,189	763	-72	726	-461	2,649	833	3,747
EBITDA	75	73	112	87	119	136	168	192	260	296	351	402	429	453	504	616	621	641	138	784	858	931	-301	946	967	963	1,017	1,144	989	-1,785	1,076	1,208	1,114	1,148	2,290	1,282	2,608	1,231	1,836	1,289	6,964

LTM = last twelve months (sum of the four most recent quarters).

Showing the most recent 40 periods — older statements are on file for this stock.

Data as of: October 2, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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