GDS Holdings Ltd
GDS Nasdaq· Services-Computer Programming, Data Processing, Etc.
Last close · Oct 30, 2026
$21.92
KIRA · Stoqly’s AI analyst, in plain words
- GDS Holdings Ltd had $1.6B of revenue in fiscal 2025, up 10.9% on the year before. Over five years, revenue changed +13.9% a year on average.
- Its operating margin was −0.5%, down 11.6 pts: of every 100 in sales, about −0 is left after running the business.
- GDS Holdings Ltd made $132M of net profit in fiscal 2025.
- Free cash flow was −$184M in fiscal 2025, −11.6% of revenue. At that burn of $184M a year, its $2.0B of cash and short-term investments would last about 11.1 years.
- GDS Holdings Ltd owes $1.7B more than it holds in cash, about 3.6 years of operating profit.
Market cap
$4.5B
P/E
35.8x
Revenue
$1.6B
Net income
$132M
Free cash flow
−$184M
Operating margin
−0.5%
GDS Holdings Ltd in 30 seconds · fiscal 2025
Are sales growing?
+10.9%
Yes. Sales grew 10.9% last year.
Does it make a profit?
8.3%
A little. It keeps 8.3% of every sale as profit.
How long would its cash last?
11.1 yrs
Comfortably. It burns $184M a year and holds $2.0B, about 11.1 years at that pace.
Is debt under control?
3.6x
Heavy. Repaying its debt would take 3.6 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
35.8x
One share costs 35.8 times its yearly profit per share.
What GDS Holdings Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 29, 2026
- Legal name
- GDS Holdings Ltd
- CIK
- 0001526125
GDS Holdings Ltd · GDS · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.2B | $1.4B | $1.4B | $1.4B | $1.6B |
| Revenue growth | 45.8% | 13.6% | 0.3% | 3.9% | 10.9% |
| Gross margin | 22.8% | 21.1% | 19.9% | 21.5% | 22.6% |
| Operating margin | 7.3% | 7.7% | −22.6% | 11.2% | −0.5% |
| Net income | −$184M | −$188M | −$606M | $476M | $132M |
| Net margin | −15.2% | −13.7% | −43.9% | 33.2% | 8.3% |
| Diluted EPS | −$1.12 | −$1.22 | −$3.34 | $2.52 | $0.61 |
| Cash | |||||
| Cash from operations | $186M | $417M | $292M | $269M | $468M |
| Capital expenditure | $1.5B | $871M | $451M | $440M | $653M |
| Free cash flow | −$1.3B | −$454M | −$159M | −$171M | −$184M |
| FCF margin | −108.7% | −33.0% | −11.5% | −11.9% | −11.6% |
| Share count change | 15.9% | 0.8% | 0.3% | 0.5% | 11.5% |
| Debt and strength | |||||
| Cash and short-term investments | $1.9B | $1.2B | $1.1B | $1.1B | $2.0B |
| Debt incl. finance leases | $3.8B | $3.9B | $3.6B | $3.6B | $3.8B |
| Shareholders' equity | $3.9B | $3.3B | $2.7B | $3.1B | $3.7B |
| Net debt / EBITDA | 3.9x | 4.8x | 15.6x | 4.1x | 3.6x |
| Current ratio | 1.1x | 1.1x | 1.3x | 1.3x | 2.6x |
| Interest coverage | 0.3x | 0.4x | −1.1x | 0.6x | −0.0x |
| Returns and quality | |||||
| Return on capital | 1.2% | 1.4% | −4.7% | 2.3% | −0.1% |
| Return on equity | −4.7% | −5.2% | −20.2% | 16.6% | 3.9% |
| Return on tangible equity | −8.0% | −10.4% | −35.4% | 21.1% | 4.3% |
| Piotroski F-score | 3 | 4 | 5 | 5 | 6 |
| Altman Z'' | 0.5 | 0.4 | −0.0 | 0.5 | 1.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.7M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
GDS Holdings Ltd · GDS · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $21.92 a share, the company is worth $4.5B: 35.8 times its earnings of the last four quarters.
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001526125). Latest version: stoqly.net/companies/gds. Data updated November 1, 2026. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.