# VNET Group (VNET) — Overview

VNET · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/vnet

## Price

Last close $4.40 on Oct 15, 2026. 52-week range $4.40 – $14.03.

## 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.

## Financials

| Metric | Value |
| --- | --- |
| 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 | 0.8 |
| Debt to assets | 79.76% |
| Payout ratio | 0.00% |
| Dividend yield | 0.00% |

## Frequently Asked Questions

### 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](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).