VNET VNET Group, Inc. - American Depositary Shares
NASDAQ · Technology · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 16, 2026
$5.13
· of 52w range
· above low
· to high
$5.1052w low
$14.4852w high
P/E
-52.9
EPS
$-0.16
your badges
52W Range
$5–$14
Analyst Rating
BUY
Price Target
$14
P/E
-52.9
ROE
-4.0%
Net Profit Margin
·
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VNET Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$5.13
P/E
-52.9
EPS
$-0.16
ROE
-4.0%
Debt/Equity
0.5
52W Range
$5–$14
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About VNET Group, Inc. - American Depositary Shares Company overview from Wikipedia
VNET Group, Inc. (VNET, formerly 21Vianet) is the largest private, carrier-neutral Internet and data center service provider in China. A Cayman Islands holding company, VNET provides value-added telecommunications services in China through four domestic PRC companies: VNET Technology, BJ iJoy, WiFire Network, and SH Zhiyan. It is the exclusive operator of Microsoft Azure and Microsoft 365 services in China, and also houses data centers for Alibaba and other Chinese companies.
== References ==
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorTechnology
industryTechnology
employees2,784
countryCN
10-Year Performance Revenue, net income, margins and EPS trends
Revenue·2016-12-31 → 2019-12-31
EPS$-0.162016-12-31 → 2025-12-31
Free Cash Flow$-5.74B2016-12-31 → 2025-12-31
Net margin·2016-12-31 → 2019-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | VNET | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -52.95Y avg ≈30.3 | ≈30.3 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | VNET | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| ROA | -0.65%5Y avg ≈-2.0% | ≈-2.0% | · | · | |
| ROE | -4.0%5Y avg ≈-9.4% | ≈-9.4% | · | · | |
| ROIC | -2.6%5Y avg ≈-5.3% | ≈-5.3% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | VNET | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.55Y avg ≈0.2 | ≈0.2 | · | · | |
| Current Ratio | 0.95Y avg ≈0.9 | ≈0.9 | · | · | |
| Quick Ratio | 0.55Y avg ≈0.3 | ≈0.3 | · | · | |
| Interest Coverage | 1.35Y avg ≈-0.6 | ≈-0.6 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-642.4%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 18, 2026 | $-0.54 | $1.27 | -142.4% |
| March 31, 2026 | May 26, 2026 | $-8.16 | $-0.24 | -3280.3% |
| Dec. 31, 2025 | $1.02 | $-0.52 | 296.1% | |
| Sept. 30, 2025 | $-1.14 | $-0.29 | -292.2% | |
| June 30, 2025 | $-0.06 | $0.04 | -260.4% | |
| March 31, 2025 | $-0.90 | $-0.12 | -678.5% | |
| Dec. 31, 2024 | $-0.06 | $0.15 | -139.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | · | · | · | · | · | $3.79B | $3.40B | $3.39B | $3.64B | $3.63B | $2.88B | |
| Cost of Revenue | · | · | · | · | · | · | $2.85B | $2.46B | $2.63B | $2.93B | $2.78B | $2.07B | |
| Gross Profit | $2.19B | $1.83B | $1.29B | $1.36B | $1.44B | $1.08B | $939M | $945M | $758M | $712M | $854M | $810M | |
| R&D Expense | $261M | $247M | $322M | $307M | $188M | $113M | $89M | $92M | $149M | $149M | $143M | $122M | |
| SG&A Expense | $797M | $659M | $542M | $643M | $842M | $535M | $415M | $463M | $520M | $640M | $569M | $483M | |
| Operating Income | $780M | $669M | $-1.97B | $121M | $21M | $117M | $182M | $237M | $-1.37B | $-840M | $-284M | $-115M | |
| Interest Expense | $599M | $401M | $312M | $273M | $335M | $381M | $346M | $236M | $185M | $199M | $274M | $232M | |
| Interest Income | · | · | · | · | · | · | · | $45M | $33M | $21M | $53M | $68M | |
| Pretax Income | $424M | $483M | $-2.48B | $-629M | $627M | $-2.57B | $-176M | $-162M | $-1.01B | $-943M | $-353M | $-312M | |
| Income Tax | $558M | $234M | $114M | $133M | $111M | $109M | $5M | $24M | $-90M | $-11M | $48M | $17M | |
| Net Income | $-252M | $183M | $-2.64B | $-776M | $500M | $-2.71B | $-182M | $-205M | $-773M | $-634M | $-428M | $-348M | |
| EPS (Basic) | $-0.16 | $0.11 | $-2.93 | $-0.87 | $0.57 | $-4.47 | $-0.27 | $-0.30 | $-1.36 | $-1.37 | $-0.85 | $-0.89 | |
| EPS (Diluted) | $-0.16 | $0.02 | $-2.93 | $-0.87 | $-0.36 | $-4.47 | $-0.27 | $-0.30 | $-1.36 | $-1.37 | $-0.85 | $-0.89 | |
| Shares (Basic) | 1,612,272,787 | 1,593,594,519 | 901,143,138 | 886,817,620 | 865,352,554 | 716,888,919 | 668,833,756 | 674,732,130 | 672,836,226 | 617,169,833 | 492,065,239 | 401,335,788 | |
| Shares (Diluted) | 1,612,272,787 | 1,742,346,367 | 901,143,138 | 886,817,620 | 911,591,433 | 716,888,919 | 668,833,756 | 674,732,130 | 672,836,226 | 617,169,833 | 492,065,239 | 401,335,788 | |
| EBITDA | $2.91B | $2.27B | $-164M | $1.72B | $1.29B | $1.11B | $954M | $237M | $-1.37B | $-840M | $-284M | $-115M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.52B | $1.49B | $2.24B | $2.66B | $1.37B | $2.71B | $1.81B | $2.36B | $1.95B | $1.30B | $1.69B | $644M | |
| Short-term Investments | $379M | $0 | $357M | · | · | $286M | $364M | $245M | $549M | $278M | $102M | $911M | |
| Inventory | · | · | · | · | · | · | · | $2M | $710.0K | $4M | $14M | $10M | |
| Prepaid Expense | $2.24B | $2.79B | $2.38B | $2.15B | $2.05B | $1.87B | $1.62B | $1.16B | $934M | $777M | $643M | $309M | |
| Current Assets | $11.45B | $6.82B | $9.82B | $7.05B | $5.32B | $6.06B | $5.23B | $4.68B | $4.25B | $5.16B | $3.47B | $2.87B | |
| PP&E (Net) | $22.78B | $17.22B | $13.02B | $11.96B | $10.09B | $8.11B | $5.44B | $4.03B | $3.32B | $3.78B | $3.65B | $3.04B | |
| PP&E (Gross) | · | · | $17.17B | $14.87B | $11.18B | $9.19B | $6.07B | $5.12B | $4.10B | $4.32B | $3.63B | $3.26B | |
| Accum. Depreciation | $9.23B | $7.90B | $6.99B | $5.55B | $4.21B | $3.29B | $2.51B | $1.87B | $1.33B | $1.34B | $1.09B | $706M | |
| Goodwill | · | $0 | $0 | $1.36B | $1.34B | $995M | $990M | $990M | $990M | $1.76B | $1.76B | $1.76B | |
| Intangibles | $2.00B | $1.40B | $1.38B | $1.50B | $900M | $1.55B | $1.22B | $355M | $401M | $977M | $1.27B | $1.40B | |
| Other Non-current Assets | $1.28B | $381M | $533M | $552M | $1.96B | $1.50B | $278M | $174M | $82M | $147M | $184M | $121M | |
| Total Assets | $44.59B | $32.36B | $30.39B | $26.95B | $23.10B | $19.37B | $14.27B | $11.15B | $9.91B | $12.42B | $10.85B | $9.64B | |
| Short-term Debt | · | · | · | · | · | $34M | $234M | $50M | $50M | $1.68B | $276M | $160M | |
| Current Liabilities | $12.45B | $9.34B | $11.44B | $6.33B | $5.18B | $6.12B | $4.47B | $2.19B | $1.76B | $4.37B | $2.82B | $2.99B | |
| Capital Leases | $4.00B | $3.78B | $3.27B | $2.91B | $2.28B | $645M | $579M | $766M | $601M | $537M | $579M | $512M | |
| Deferred Tax | $840M | $734M | $688M | $683M | $348M | $299M | $203M | $158M | $191M | $275M | $293M | $310M | |
| Total Liabilities | $36.03B | $25.44B | $23.87B | $19.97B | $15.49B | $12.48B | $9.04B | $5.79B | $4.71B | $5.57B | $6.02B | $6.64B | |
| Long-term Debt | $13.64B | $9.19B | $5.84B | · | · | · | · | · | · | · | · | · | |
| Total Debt | $3.23B | $2.01B | $753M | $484M | $384M | $248M | $502M | $50M | $50M | $1.68B | $276M | $160M | |
| Paid-in Capital | $17.36B | $17.30B | $17.29B | $15.24B | $15.20B | $13.08B | $9.20B | $9.14B | $8.98B | $9.02B | $6.40B | $4.23B | |
| Retained Earnings | $-11.13B | $-10.86B | $-11.02B | $-8.37B | $-7.59B | $-7.24B | $-4.04B | $-3.84B | $-3.63B | $-2.87B | $-2.23B | $-1.79B | |
| Treasury Stock | $179M | $162M | $327M | $350M | $350M | $350M | $350M | $338M | $338M | $205M | $193M | $214M | |
| AOCI | $46M | $-19M | $-14M | $11M | $-90M | $-56M | $78M | $86M | $-3M | $118M | $-24M | $-66M | |
| Stockholders' Equity | $6.22B | $6.37B | $6.01B | $6.61B | $7.24B | $6.56B | $4.95B | $5.09B | $5.05B | $6.13B | $4.01B | $2.20B | |
| Liabilities + Equity | $44.59B | $32.36B | $30.39B | $26.95B | $23.10B | $19.37B | $14.27B | $11.15B | $9.91B | $12.42B | $10.85B | $9.64B |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2.13B | $1.60B | $1.81B | $1.60B | $1.27B | $989M | $772M | $635M | $667M | · | · | · | |
| Stock-based Comp | $26M | $149M | $35M | $118M | $320M | $137M | $44M | $60M | $47M | $119M | $190M | $234M | |
| Deferred Tax | $62M | $-13M | $-43M | $18M | $325.0K | $-23M | $-65M | $-20M | $-128M | $-66M | $-20M | $-29M | |
| Amort. of Intangibles | $146M | $110M | $128M | $122M | $95M | $73M | $71M | $68M | $144M | $184M | $184M | $128M | |
| Other Non-cash | $-43M | $88M | $2.91B | $1.48B | $-700M | $2.32B | $234M | · | · | · | · | · | |
| Operating Cash Flow | $1.92B | $2.01B | $2.06B | $2.44B | $1.39B | $714M | $803M | $705M | $487M | $58M | $217M | $325M | |
| CapEx | $7.66B | $4.92B | $2.97B | $3.00B | $2.69B | $2.47B | $1.25B | $435M | $396M | $575M | $1.05B | $801M | |
| Investing Cash Flow | $-8.01B | $-4.39B | $-3.91B | $-3.56B | $-3.77B | $-3.89B | $-1.61B | $-305M | $-833M | $-841M | · | · | |
| Debt Issued | · | · | · | · | · | · | $2.01B | · | $1.94B | · | · | $1.98B | |
| Net Debt Issued | · | · | · | · | · | · | $2.01B | · | $1.94B | · | · | $1.98B | |
| Stock Issued | · | · | $2.12B | · | $-131.0K | $2.68B | $572.0K | · | · | $2.55B | $1.81B | $0 | |
| Stock Repurchased | $17M | · | · | · | $1.70B | $130M | $12M | · | $133M | $43M | · | $214M | |
| Net Stock Activity | $-17M | · | $2.12B | · | $-1.70B | $2.55B | $-11M | · | $-133M | $2.51B | $1.81B | $-214M | |
| Financing Cash Flow | $10.22B | $-628M | $3.94B | $2.30B | $968M | $4.16B | $462M | $-20M | $-613M | $1.91B | · | · | |
| Net Change in Cash | $4.12B | $-3.02B | $2.11B | $1.28B | $-1.41B | $759M | $-304M | $466M | $-1.10B | $-388M | $1.04B | $-814M | |
| Taxes Paid | $422M | $212M | $146M | $160M | $83M | $102M | $42M | $57M | $55M | $50M | · | · | |
| Free Cash Flow | $-5.74B | $-2.92B | $-904M | $-555M | $-1.30B | $-1.76B | $-446M | $270M | $6M | $-491M | $-1.02B | $-475M | |
| Levered FCF | $-5.55B | $-3.12B | $-1.23B | $-887M | $-1.58B | $-2.16B | $-803M | $-2M | $-162M | $-687M | $-1.33B | $-720M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | · | · | · | 24.8% | 27.8% | 22.4% | 19.6% | 23.5% | 28.2% | |
| Operating Margin | · | · | · | · | · | · | 4.8% | 7.0% | -40.3% | -23.1% | -7.8% | -4.0% | |
| Net Margin | · | · | · | · | · | · | -4.8% | -6.0% | -22.8% | -17.4% | -11.8% | -12.1% | |
| Pretax Margin | · | · | · | · | · | · | -4.6% | -4.8% | -29.7% | -25.9% | -9.7% | -10.8% | |
| EBITDA Margin | · | · | · | · | · | · | 25.2% | 7.0% | -40.3% | -23.1% | -7.8% | -4.0% | |
| ROA | -0.65% | 0.58% | -9.2% | -3.1% | 2.4% | -16.1% | -1.4% | -1.9% | -6.9% | -5.5% | -4.2% | -4.4% | |
| ROE | -4.0% | 3.0% | -41.9% | -11.2% | 7.2% | -47.0% | -3.6% | -4.0% | -13.8% | -12.5% | -13.8% | -14.9% | |
| ROIC | -2.6% | 4.1% | -30.5% | 2.1% | 0.23% | 1.8% | 3.4% | 5.3% | -24.4% | -10.6% | -7.5% | -5.1% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.7 | 0.9 | 1.1 | 1.0 | 1.0 | 1.2 | 2.1 | 2.4 | 1.2 | 1.2 | 1.0 | |
| Quick Ratio | 0.5 | 0.2 | 0.2 | 0.4 | 0.3 | 0.5 | 0.5 | 1.2 | 1.4 | 0.4 | 0.1 | 0.5 | |
| Debt / Equity | 0.5 | 0.3 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.3 | 0.1 | 0.1 | |
| Interest Coverage | 1.3 | 1.7 | -6.3 | 0.4 | 0.1 | 0.3 | 0.5 | 1.0 | -7.4 | -4.2 | -1.0 | -0.5 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | · | · | · | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | |
| Inventory Turnover | · | · | · | · | · | · | · | 1930.9 | 1024.8 | 326.1 | 235.7 | 410.8 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | · | · | · | · | · | · | $5.67 | $5.04 | $5.04 | $5.90 | $7.39 | $7.17 | |
| Cash Flow / Share | $1.19 | $1.15 | $2.29 | $2.75 | $1.52 | $1.00 | $1.20 | $1.04 | $0.60 | $0.14 | $0.07 | $0.81 | |
| EPS (TTM) | $-0.16 | $0.02 | $-2.93 | $-0.87 | $-0.36 | $-4.47 | $-0.27 | $-0.30 | $-1.36 | $-1.37 | $-0.85 | $-0.89 |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | · | · | · | · | · | $3.79B | $3.40B | $3.39B | $3.64B | $3.63B | $2.88B | |
| Net Income TTM | $-252M | $183M | $-2.64B | $-776M | $500M | $-2.71B | $-182M | $-205M | $-773M | $-634M | $-428M | $-348M | |
| P/E | -52.9 | 237.0 | -1.0 | -6.5 | -25.1 | -7.8 | -26.9 | -28.8 | -5.9 | -5.1 | -24.9 | -17.4 | |
| Earnings Yield | -1.9% | 0.42% | -102.1% | -15.3% | -4.0% | -12.9% | -3.7% | -3.5% | -17.0% | -19.5% | -4.0% | -5.8% |
Per Share
| Metric | Trend | Q4 2024 | Q4 2022 | Q4 2020 | Q4 2017 | Q4 2014 | Q4 2012 |
|---|---|---|---|---|---|---|---|
| EPS (TTM) | $0.02 | $-0.87 | $-4.47 | $-1.36 | $-0.89 | $0.16 |
Valuation (TTM)
| Metric | Trend | Q4 2024 | Q4 2022 | Q4 2020 | Q4 2017 | Q4 2014 | Q4 2012 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | · | · | · | $3.39B | $2.88B | $1.52B | |
| Net Income TTM | $183M | $-776M | $-2.71B | $-773M | $-348M | $56M | |
| P/E | 237.0 | -6.5 | -7.8 | -5.9 | -17.4 | 60.1 | |
| Earnings Yield | 0.42% | -15.3% | -12.9% | -17.0% | -5.8% | 1.7% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Net Income | $-252M | $183M | $-2.64B | $-776M | $500M |
| Diluted EPS | $-0.16 | $0.02 | $-2.93 | $-0.87 | $-0.36 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.3 | 0.1 | 0.1 | 0.1 |
| Current Ratio | 0.9 | 0.7 | 0.9 | 1.1 | 1.0 |
| Quick Ratio | 0.5 | 0.2 | 0.2 | 0.4 | 0.3 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-5.74B | $-2.92B | $-904M | $-555M | $-1.30B |
Institutional owners (13F) 194 filers · $1.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
194
Value held
$1.5B
New positions
37
Exited positions
60
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 37 (-27 vs prior Q) | 60 (+32 vs prior Q) | 69 (-6 vs prior Q) | 51 (-8 vs prior Q) | +43.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Point72 Asset Management, L.P. | $147,057,718 | 18,290,761 | 9.52% | Shares |
| Triata Capital Ltd | $94,582,037 | 11,763,935 | 6.12% | Shares |
| Blackstone Inc. | $83,633,125 | 10,402,130 | 5.41% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $77,721,707 | 9,666,879 | 5.03% | Shares |
| MILLENNIUM MANAGEMENT LLC | $70,502,278 | 8,768,940 | 4.56% | Shares |
| NORGES BANK | $68,560,191 | 8,527,387 | 4.44% | Shares |
| MORGAN STANLEY | $63,327,091 | 7,876,504 | 4.10% | Shares |
| S.A.C. Capital Advisors (Hong Kong) Ltd. | $52,038,725 | 5,037,631 | 3.37% | Shares |
| UBS Group AG | $39,914,387 | 4,964,476 | 2.58% | Shares |
| Infini Capital Management Ltd | $38,882,638 | 4,836,149 | 2.52% | Shares |
| Carmignac Gestion | $38,122,897 | 4,760,599 | 2.47% | Shares |
| CITADEL ADVISORS LLC | $33,238,164 | 4,134,100 | 2.15% | Put option |
| CITADEL ADVISORS LLC | $32,728,428 | 4,070,700 | 2.12% | Call option |
| BlackRock, Inc. | $31,509,671 | 3,919,113 | 2.04% | Shares |
| D. E. Shaw & Co., Inc. | $28,392,014 | 3,531,345 | 1.84% | Shares |
| Temasek Holdings (Private) Ltd | $28,344,570 | 3,525,444 | 1.83% | Shares |
| Oasis Management Co Ltd. | $27,731,472 | 3,449,188 | 1.79% | Shares |
| HSBC HOLDINGS PLC | $27,243,861 | 3,429,901 | 1.76% | Shares |
| BANK OF AMERICA CORP /DE/ | $27,193,692 | 3,382,300 | 1.76% | Shares |
| Pinpoint Asset Management (Singapore) Pte. Ltd. | $27,084,018 | 3,368,659 | 1.75% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $25,743,823 | 3,201,968 | 1.67% | Shares |
| Senvest Management, LLC | $24,921,081 | 3,099,637 | 1.61% | Shares |
| Tiger Pacific Capital LP | $23,395,483 | 2,909,886 | 1.51% | Shares |
| VANGUARD GROUP INC | $21,301,992 | 2,517,966 | 1.38% | Shares |
| JANE STREET GROUP, LLC | $20,817,972 | 2,589,300 | 1.35% | Call option |
| GOLDMAN SACHS GROUP INC | $20,086,783 | 2,498,356 | 1.30% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $16,432,224 | 2,043,809 | 1.06% | Shares |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | $16,015,680 | 1,992,000 | 1.04% | Shares |
| CoreView Capital Management Ltd | $15,990,989 | 1,988,929 | 1.03% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $12,585,331 | 1,567,498 | 0.81% | Shares |
| Capital International Investors | $12,021,336 | 1,495,191 | 0.78% | Shares |
| Balyasny Asset Management L.P. | $11,988,428 | 1,491,098 | 0.78% | Shares |
| Carrhae Capital LLP | $11,796,248 | 1,467,195 | 0.76% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $11,687,748 | 1,453,700 | 0.76% | Call option |
| Alden Global Capital LLC | $11,566,344 | 1,438,600 | 0.75% | Shares |
| Allianz Asset Management GmbH | $11,424,792 | 1,420,994 | 0.74% | Shares |
| TWO SIGMA ADVISERS, LP | $10,896,480 | 1,288,000 | 0.71% | Shares |
| Brevan Howard Capital Management LP | $10,160,640 | 1,284,531 | 0.66% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $8,980,680 | 1,117,000 | 0.58% | Put option |
| CITADEL ADVISORS LLC | $8,347,039 | 1,038,189 | 0.54% | Shares |
| AI-Squared Management Ltd | $8,253,060 | 1,026,500 | 0.53% | Shares |
| Point72 Europe (London) LLP | $8,068,329 | 781,058 | 0.52% | Shares |
| FIL Ltd | $8,066,307 | 1,003,272 | 0.52% | Shares |
| CITIGROUP INC | $7,688,540 | 956,286 | 0.50% | Shares |
| JANE STREET GROUP, LLC | $7,622,724 | 948,100 | 0.49% | Put option |
| STATE STREET CORP | $7,444,140 | 925,888 | 0.48% | Shares |
| CastleKnight Management LP | $7,031,784 | 874,600 | 0.46% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $6,264,535 | 779,171 | 0.41% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $6,181,996 | 768,905 | 0.40% | Shares |
| PineBridge Investments, L.P. | $6,028,361 | 583,578 | 0.39% | Shares |
Activists & 5%+ owners 12 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Lochpine BG I GP Limited, Lochpine Capital Limited, PJ Millennium I Limited, PJ Millennium II Limited, PJ Millennium Limited Partnership ×2 filings | Sept. 23, 2026 | 38.10% | Amendment | · | SEC |
| Beacon Capital Group Inc., Fast Horse Technology Limited, GenTao Capital Limited, Personal Group Limited, Sheng Chen, Sunrise Corporate Holding Ltd., Zentribe Capital (BVI) Limited | Sept. 23, 2026 | 24.80% | Amendment | · | SEC |
| Success Flow International Investment Limited, Choice Faith Group Holdings Limited, Shandong Hi-Speed Holdings Group Limited ×2 filings | May 19, 2026 | 38.10% | Amendment | · | SEC |
| Sheng Chen, GenTao Capital Limited, Fast Horse Technology Limited, Sunrise Corporate Holding Ltd., Personal Group Limited, Beacon Capital Group Inc., Zentribe Capital (BVI) Limited ×12 filings | May 15, 2026 | 32.40% | Amendment | · | SEC |
| Vector Holdco Pte. Ltd., BTO Vector Fund ESC (CYM) L.P., BTO Vector Fund FD (CYM) L.P., BTO Super Holding (NQ) Co. III Pte. Ltd., Blackstone Tactical Opportunities SG II (Cayman) - NQ L.P., BTO Holdings (Cayman) - NQ Manager L.L.C., Blackstone Tactical Opportunities Management Associates (Cayman) - NQ L.P., BTO GP-NQ L.L.C., Blackstone Tactical Opportunities LR Associates (Cayman) - NQ Ltd., Blackstone Holdings IV L.P., Blackstone Holdings IV GP L.P., Blackstone Holdings IV GP Management (Delaware) L.P., Blackstone Holdings IV GP Management L.L.C., Blackstone Inc., Blackstone Group Management L.L.C., Stephen A. Schwarzman ×2 filings | Feb. 18, 2026 | 3.94% | Amendment | · | SEC |
| Vector Holdco Pte. Ltd. (2), BTO Vector Fund ESC (CYM) L.P. (2), BTO Vector Fund FD (CYM) L.P. (2), BTO Super Holding (NQ) Co. III Pte. Ltd. (2), Blackstone Tactical Opportunities SG II (Cayman) - NQ L.P. (2), BTO Holdings (Cayman) - NQ Manager L.L.C. (2), Blackstone Tactical Opportunities Management Associates (Cayman) - NQ L.P. (2), BTO GP—NQ L.L.C. (2), Blackstone Tactical Opportunities LR Associates (Cayman) – NQ Ltd. (2), Blackstone Holdings IV L.P. (2), Blackstone Holdings IV GP L.P. (2), Blackstone Holdings IV GP Management (Delaware) L.P. (2), Blackstone Holdings IV GP Management L.L.C. (2), Blackstone Inc. (2), Blackstone Group Management L.L.C. (2), Stephen A. Schwarzman (2) ×3 filings | Feb. 1, 2022 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Tus-Holdings Co., Ltd. | May 17, 2021 | · | Initial filing | Passive investment | SEC |
| King Venture Holdings Limited, Kingsoft Corporation Limited ×6 filings | Dec. 16, 2020 | · | Initial filing | · | SEC |
| Temasek Holdings (Private) Limited, Tembusu Capital Pte. Ltd., Esta Investments Pte. Ltd. | March 9, 2020 | · | Initial filing | · | SEC |
| Esta Investments Pte. Ltd., Tembusu Capital Pte. Ltd., Temasek Holdings (Private) Limited ×6 filings | March 1, 2019 | · | Initial filing | Passive investment | SEC |
| Tuspark Innovation Venture Ltd., Tus-Holdings Co., Ltd., Tsinghua Holdings Co., Ltd. | July 13, 2016 | · | Initial filing | · | SEC |
| Granite Global Ventures III L.P., GGV III Entrepreneurs Fund L.P., Granite Global Ventures III L.L.C., Scott B. Bonham, Jixun Foo, Glenn Solomon, Jenny Lee, Hany M. Nada, Thomas K. Ng ×4 filings | May 15, 2015 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 5 insiders · 1 officers · 4 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Zhihua Zhang | SVP, Operational Finance | May 15, 2026 M | 33,924 | 0 | 1 | $-15,332 |
| David Lifeng Chen | Director | July 31, 2026 M | 501,252 | 0 | 1 | $-126,151 |
| Sean Shao | Director | June 1, 2026 S | 983,820 | 0 | 1 | $-102,600 |
| Yoshihisa Ueno | Director | May 15, 2026 A | · | 0 | 0 | $0 |
| Kenneth Tai | Director | May 15, 2026 A | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 17 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| REAI · Tidal Trust I | 1.77% | 2,656 NS | July 31, 2026 | N-PORT |
| PGJ · Invesco Exchange-Traded Fund Trust | 0.66% | 100,734 SH | Oct. 1, 2026 | Daily |
| ECNS · iShares Trust | 0.59% | 59,765 SH | Sept. 11, 2026 | Daily |
| SRVR · Pacer Funds Trust | 0.47% | 245,299 NS | July 31, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.16% | 56,567 NS | July 31, 2026 | N-PORT |
| EEMS · iShares, Inc. | 0.05% | 31,973 SH | Sept. 11, 2026 | Daily |
| DFEM · Dimensional ETF Trust | 0.01% | 183,251 NS | July 31, 2026 | N-PORT |
| DFAE · Dimensional ETF Trust | 0.01% | 170,629 NS | July 31, 2026 | N-PORT |
| VSS · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 236,445 SH | Aug. 19, 2026 | Daily |
| DFAX · Dimensional ETF Trust | 0.01% | 159,554 NS | July 31, 2026 | N-PORT |
| IEMG · iShares, Inc. | 0.01% | 1,620,056 SH | Sept. 11, 2026 | Daily |
| IXUS · iShares Trust | 0.00% | 191,342 SH | Sept. 10, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | 0.00% | 897,150 SH | Aug. 19, 2026 | Daily |
| VWO · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 854,763 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 42,122 SH | Aug. 19, 2026 | Daily |
| VSGX · VANGUARD WORLD FUND | 0.00% | 13,329 SH | Aug. 19, 2026 | Daily |
| FTLS · First Trust Exchange-Traded Fund III | -0.04% | -136,661 NS | July 31, 2026 | N-PORT |
VNET Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 20 analysts
BUY
Median target
$13.40
+161.3%
7 35.0%
Strong Buy
12 60.0%
Buy
1 5.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
14 analysts · 2026-10-01Mean target $13.62 +165.4%
← Below all targets
Current price $5.13
Low$7.51
Mean$13.62
High$25.03
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| VNET | · | -52.9 | · | · | -4.0% | · |
| KC | $38.13B | -45.0 | · | -9.8% | -12.9% | 15.7% |
Latest News Recent headlines mentioning this company
Is VNET Group (VNET) One of the Best Growth Stocks Under $20 to Buy?
Yahoo Finance · 3 months, 4 weeks ago
Stock Market Today, May 13: VNET Surges After CATL-Linked Buyers Agree to 38% Stake Purchase
Nasdaq · 4 months, 2 weeks ago
VNET Group Inc (VNET) Achieves High Growth on AI-Driven Demand
Yahoo Finance · 5 months, 2 weeks ago
VNET Group Q4 Earnings Call Highlights
Yahoo Finance · 6 months, 2 weeks ago
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Source: SEC 20-F filed Apr 16, 2026