Company data sheet · GDS Holdings
GDS Holdings: growth far beyond its economy.
- Industry
- Computer Programming, Data Processing, Etc.
- Headquarters
- China
- Ticker
- GDS (Nasdaq)
- Sources
- SEC filings (2016–2026), Stratrix's verified Decision Cases, market data and official economic statistics for China
- Data as of
- October 18, 2026
- From profit to ten straight losses. GDS Holdings lost money every year from 2014 to 2023: CN¥9.1 billion in all. 2024 was its first profit in eleven years: CN¥3.4 billion.
- It outgrew its own economy many times over. Revenue rose from CN¥1.1 billion in 2016 to CN¥11.4 billion in 2025: 10.8 times as much. China's economy, counted the same way in money terms, grew about 83%. Whatever drove it, the economy around it does not account for growth of that size.
- Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 901% in US dollars; the median among 258 large service companies grew 105%. It outgrew 91% of them.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | CN¥1.1 billion | −CN¥0.3 billion | |
| 2017 | CN¥1.6 billion | −CN¥0.3 billion | |
| 2018 | CN¥2.8 billion | −CN¥0.4 billion | |
| 2019 | CN¥4.1 billion | −CN¥0.4 billion | |
| 2020 | CN¥5.7 billion | −CN¥0.7 billion | |
| 2021 | CN¥7.8 billion | −CN¥1.2 billion | |
| 2022 | CN¥9.3 billion | −CN¥1.3 billion | |
| 2023 | CN¥9.8 billion | −CN¥4.3 billion | |
| 2024 | CN¥10.3 billion | CN¥3.4 billion | |
| 2025 | CN¥11.4 billion | CN¥0.9 billion |
As reported in its annual filings, in CNY. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Economic context: 3 measures for China, every year since 2016, from the official sources.
- Peer comparison: against 528 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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