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VNET Group, Inc.

VNETTechnologyNASDAQ

Information Technology Services

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Financials · Annual
Revenue
$9.95B
+20.5% YoY
Net Income
-$256.8M
-240.2% YoY
EBITDA
$3.14B
+27.0% YoY
Free Cash Flow
-$2.54B

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About VNET Group, Inc.

Headquartered within the technology sector, VNET Group, Inc. focuses on Information Technology Services services and products. VNET Group, Inc., an investment holding company, provides data center hosting and related services in China. The $3.02B market capitalization puts VNET squarely in mid-cap range for its industry. The company offers managed hosting services comprising managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; and value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and standby server services.

Key stats
Market Cap$3.02B
Fwd P/E26.02
EPS$-1.21
Beta0.19
52W Change+98.9%
ROE-4.1%
Analysis

On the balance sheet, VNET has $8.49B in cash with $30.18B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$2.54B. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -4.1%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 1.1% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $7.07B (2022) to $9.95B (2025), reflecting a 41% increase over the period.

VNET's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing VNET.

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