Vnet Group, Inc. income statement

In fiscal 2019, Vnet Group, Inc. reported revenue of $549m, up 6.5% on the year before, operating income of $26.4m (a 4.8% margin) and net income of −$26.4m, or −$0.23 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Vnet Group, Inc.: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019
Revenue	46	78	158	242	320	467	579	549	502	515	549
Cost of revenue	34	59	115	174	236	335	443	441	390	372	413
Gross profit	12	19	43	67	84	131	136	107	112	143	136
Research and development	1	3	5	10	13	20	23	22	22	14	13
Selling and marketing	4	8	13	17	25	47	57	53	38	26	30
General and administrative	4	42	13	24	30	78	91	96	77	70	60
Operating income	4	−34	2	13	7	−19	−45	−127	−203	36	26
Interest expense	0	0	1	2	22	38	44	30	27	36	50
Provision for credit losses	—	—	—	—	—	—	—	—	10	0	0
Income before tax	4	−34	9	15	−6	−51	−56	−142	−149	−25	−25
Income tax	−5	0	2	6	2	3	8	−2	−13	4	1
Net income	−1	−38	3	9	−8	−57	−68	−95	−114	−31	−26
Diluted EPS	−$0.03	—	$0.06	$0.15	−$0.13	−$0.87	−$0.81	—	—	−$0.27	−$0.23
Diluted shares (average)	30m	30m	53m	59m	61m	67m	82m	103m	112m	112m	111m
EBITDA	7	−31	11	28	30	27	19	−54	−104	132	138

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Vnet Group, Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Vnet Group, Inc.