# GDS Holdings Ltd (GDS)

Source page: https://stoqly.net/companies/gds

- **Ticker:** GDS (Nasdaq)
- **Sector:** Information Technology / Services-Computer Programming, Data Processing, Etc.
- **SEC CIK:** 0001526125
- **Latest annual report:** 20-F filed 2026-04-29 (https://www.sec.gov/Archives/edgar/data/1526125/000110465926051006/gds-20251231x20f.htm)
- **Data updated:** 2026-11-01

## Key figures

- **Last close:** $21.92 on 2026-10-30
- **Market cap:** $4.5B
- **P/E (trailing):** 35.8x
- **EPS, trailing 12 months:** $0.61
- **Revenue (FY2025):** $1.6B
- **Revenue growth:** +10.9%
- **Revenue growth, 5-year CAGR:** +13.9%
- **Gross margin:** 22.6%
- **Operating margin:** −0.5%
- **Net margin:** 8.3%
- **Free cash flow:** −$184M
- **Free cash flow margin:** −11.6%
- **Return on invested capital:** −0.1%
- **Return on equity:** 3.9%
- **Net debt:** $1.7B
- **Net debt / EBITDA:** 3.6x
- **Change in share count:** +11.5%
- **Piotroski F-score:** 6/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/gds/figures.csv

| US$ millions | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| Revenue | 159 | 239 | 422 | 597 | 831 | 1,212 | 1,377 | 1,381 | 1,434 | 1,591 |
| Operating income | -6 | 12 | 25 | 69 | 97 | 88 | 106 | -312 | 160 | -8 |
| Net income | -42 | -48 | -65 | -64 | -97 | -184 | -188 | -606 | 476 | 132 |
| Diluted EPS (US$) | -1.63 | -0.50 | -0.52 | -0.52 | -0.68 | -1.12 | -1.22 | -3.34 | 2.52 | 0.61 |
| Operating cash flow | -19 | -25 | -2 | 42 | 46 | 186 | 417 | 292 | 269 | 468 |
| Free cash flow | -168 | -279 | -646 | -617 | -1,118 | -1,318 | -454 | -159 | -171 | -184 |
| Cash | 261 | 288 | 332 | 858 | 2,523 | 1,893 | 1,191 | 1,055 | 1,078 | 2,043 |
| Debt and leases | 308 | 653 | 943 | 1,987 | 2,952 | 3,815 | 3,934 | 3,613 | 3,596 | 3,759 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.