VNET Group (VNET) stock price, chart and financials

Price chart

Revenue (trailing twelve months)

$1.6B

Revenue (quarter)

$409.5M

Revenue growth (year over year)

+20.52%

Gross profit (trailing twelve months)

$323.4M

Gross margin

20.52%

Net income (trailing twelve months)

−$62.1M

Net income (quarter)

−$5.9M

Net income growth (year over year)

−350.25%

Net margin

−3.94%

Return on equity

−31.52%

EPS (trailing twelve months)

−$1.26

Book value per share

$4.81

P/E (trailing twelve months)

—

Price to book

1.03

Debt to assets

79.76%

Payout ratio

—

Dividend yield

—

Company profile

VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of June 2026, it had 50,081 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay Area. It also had 1.007 megawatts of wholesale capacity in service, with a further 585 MW under construction and a further 1.050 MW held for future development.

• Is VNET Group (VNET) profitable?

  No. VNET Group reported a net loss of $62.1M over the trailing twelve months.

• How much revenue does VNET Group (VNET) make?

  VNET Group generated $1.6B in revenue over the trailing twelve months, up 20.52% year over year.

• How do I buy stock in VNET Group (VNET)?

  VNET trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at Light Horse Dashboard, the trading API, or an AI agent connected over MCP. The trade panel on this page places the order once you are signed in.