Stocks Technology VNET
NASDAQ · TechnologyVNET Group, Inc. (VNET)
It posted a net loss of $36M. In fiscal 2025 capital spending exceeded operating cash flow by $820.5M. At December 31, 2025 it held $789.9M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 16, 2026.
Key facts about VNET Group, Inc.
- Net worth
- VNET Group, Inc. has a market value (market cap) of $928.1M at the latest share price, and shareholders' equity of $889.2M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2019 revenue was $544.3M (+10.0% year on year), with a net loss of $26.2M.
- Cash flow
- In fiscal 2025 operations brought in $274.4M of cash; after $1.1B of capital spending, free cash flow was -$820.5M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 16, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What VNET Group, Inc. does
VNET Group, Inc. is registered with the SEC under industry code SIC 7370 (Services-Computer Programming, Data Processing, Etc.). Its shares trade on NASDAQ under the ticker VNET.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | -$36M | -$0.02 | -$820.5M |
| 2024 | n/a | $25.1M | $0.00 | -$399.8M |
| 2023 | n/a | -$372.4M | -$0.41 | -$127.3M |
| 2022 | n/a | -$112.5M | -$0.13 | -$80.5M |
| 2021 | n/a | $78.5M | -$0.06 | -$204.6M |
| 2020 | n/a | -$415.2M | -$0.69 | -$269.6M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Latest SEC filings
What VNET Group, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 27, 2026
- September 23, 2026Activist stake changed SCHEDULE 13D/A
- September 23, 2026Activist stake changed SCHEDULE 13D/A
- September 21, 2026
- August 28, 2026Activist stake (5% or more) SCHEDULE 13D
- August 18, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- May 26, 2026
- May 19, 2026Activist stake changed SCHEDULE 13D/A
- May 15, 2026Activist stake changed SCHEDULE 13D/A
Insider trades
What the people running VNET Group, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $15.7K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 2, 2026 | Zhang ZhihuaSVP, Operational Finance | Sold | 28,740 | $15.7K |
| October 31, 2026 | Chen David LifengDirector | Exercised options | 83,538 | - |
| October 31, 2026 | Zhang ZhihuaSVP, Operational Finance | Exercised options | 79,200 | - |
| July 31, 2026 | Chen David LifengDirector | Exercised options | 83,544 | - |
| June 1, 2026 | Shao SeanDirector | Sold | 60,000 | $102.8K |
| May 18, 2026 | Zhang ZhihuaSVP, Operational Finance | Sold | 9,072 | $15.4K |
| May 15, 2026 | Zhang ZhihuaSVP, Operational Finance | Exercised options | 42,996 | - |
| April 30, 2026 | Chen David LifengDirector | Exercised options | 83,544 | - |
Who owns VNET
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| PJ Millennium Limited Partnership13D, may seek influence with 4 related filers | 38.1% | September 23, 2026 |
| Shandong Hi-Speed Holdings Group Limited13D, may seek influence with 2 related filers | 38.1% | May 19, 2026 |
| Sheng Chen13D, may seek influence with 6 related filers | 24.8% | September 23, 2026 |
| Point72 Asset Management, L.P.13G, passive with 2 related filers | 6.6% | August 14, 2026 |
| Norges Bank13G, passive | 5.9% | January 28, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 160 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Point72 Asset Management, L.P. | 18,290,761 | +2,177,366 |
| Triata Capital Ltd | 11,763,935 | +576,253 |
| Blackstone Inc. | 10,402,130 | 0 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 9,666,879 | +3,805,601 |
| Millennium Management LLC | 8,768,940 | +3,565,311 |
| Norges Bank | 8,527,387 | new |
| Morgan Stanley | 7,876,504 | +785,530 |
| UBS Group AG | 4,964,476 | -772,932 |
| Carmignac Gestion | 4,760,599 | +4,437,879 |
| BlackRock, Inc. | 3,919,113 | +351,407 |
| D. E. Shaw & Co., Inc. | 3,531,345 | +1,004,171 |
| Temasek Holdings (Private) Ltd | 3,525,444 | +2,079,444 |
| Oasis Management Co Ltd. | 3,449,188 | -1,170,000 |
| Hsbc Holdings PLC | 3,429,901 | +3,014,875 |
| Bank of America Corp | 3,382,300 | +2,739,688 |
| Pinpoint Asset Management (Singapore) Pte. Ltd. | 3,368,659 | +3,316,689 |
| Manufacturers Life Insurance Company, The | 3,201,968 | +578,374 |
| Senvest Management, LLC | 3,099,637 | +320,000 |
| Tiger Pacific Capital LP | 2,909,886 | +2,143,661 |
| Goldman Sachs Group Inc | 2,498,356 | -2,204,424 |
Insiders
3 insiders reported holding 1,652,994 shares in total, about $5.4M at the last price.
| Holder | Shares |
|---|---|
| Shao SeanDirector | 983,820 |
| Chen David LifengDirector | 584,790 |
| Zhang ZhihuaSVP, Operational Finance | 84,384 |
Questions about VNET
What does VNET Group, Inc. do?
VNET Group, Inc. is a company in the Technology sector, listed on NASDAQ as VNET. Its shares trade on NASDAQ under the ticker VNET.
What is VNET Group, Inc.'s net worth?
VNET Group, Inc. has a market value (market cap) of $928.1M at the latest share price, and shareholders' equity of $889.2M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is VNET Group, Inc. profitable?
No. In fiscal 2025 it reported a net loss of $36M.
When did VNET Group, Inc. last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 16, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from November 3, 2026.
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Where the numbers come from
Financial figures are the values VNET Group, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.