12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CNY as reported — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | CN¥11.4B | CN¥950M | 22.6% | -0.5% | 3.7% | 1.2% | -CN¥1.3B | CN¥26.3B | CN¥14.3B |
| 2024 | CN¥10.3B | CN¥3.4B | 21.5% | 11.2% | 15.3% | 4.7% | -CN¥1.2B | CN¥26.2B | CN¥7.9B |
| 2023 | CN¥9.8B | -CN¥4.3B | 19.9% | -22.6% | -22.7% | -5.8% | -CN¥1.1B | CN¥25.7B | — |
| 2022 | CN¥9.3B | -CN¥1.3B | 21.1% | 7.7% | -5.5% | -1.7% | -CN¥3.1B | CN¥27.1B | — |
| 2021 | CN¥7.8B | -CN¥1.2B | 22.8% | 7.3% | -4.9% | -1.7% | -CN¥8.5B | CN¥24.2B | — |
| 2020 | CN¥5.7B | -CN¥666M | 27.0% | 11.7% | -2.6% | -1.2% | -CN¥7.7B | CN¥12.7B | — |
| 2019 | CN¥4.1B | -CN¥442M | 25.3% | 11.6% | -4.3% | -1.4% | -CN¥4.3B | CN¥9.2B | — |
| 2018 | CN¥2.8B | -CN¥430M | 22.3% | 6.0% | -7.8% | -2.1% | -CN¥4.3B | CN¥6.5B | — |
| 2017 | CN¥1.6B | -CN¥327M | 25.3% | 5.1% | -7.3% | -2.5% | -CN¥1.9B | CN¥4.3B | CN¥1.9B |
| 2016 | CN¥1.1B | -CN¥276M | 25.2% | -4.0% | -9.3% | -3.4% | -CN¥1.1B | CN¥2.1B | CN¥1.8B |
| 2015 | — | -CN¥99M | — | — | 29.0% | -1.9% | -CN¥813M | CN¥1.4B | CN¥924M |
| 2014 | — | -CN¥130M | — | — | 784.8% | — | — | — | CN¥607M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Dec '19 | CN¥1.2B | -CN¥104M | 25.0% | 10.8% | -1.0% | -0.3% | -CN¥2.1B | CN¥9.2B | — |
| Dec '18 | CN¥830M | -CN¥123M | 22.9% | 7.5% | -2.2% | -0.6% | -CN¥1.5B | CN¥6.5B | — |
Over the past 5 years, GDS Holdings's revenue has grown 14.8% per year. These are computed facts, not advice.
As of FY2025, GDS Holdings reported CN¥26.3B of total debt against CN¥14.3B of cash; operating income covered interest expense -0.0×.
In FY2025, gross margin was 22.6%, operating margin -0.5%, and net margin 8.3%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.