VNET
VNET Group, Inc.
NasdaqGSUSDEQUITY
Technology
DELAYED
Sell
-50/100
Last price
5.40
▼ 0.04 (0.83%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
—
Prev close
5.45
Day high
5.56
Day low
5.29
Volume
7.13M
Market cap
$1.54B
P/E (TTM)
—
52W range
5.10 – 14.48
Trailing performance
Returnvs SPY
1W
-5.43%
-7.4%
1M
-15.23%
-16.4%
3M
-35.17%
-39.7%
6M
-32.08%
-50.3%
YTD
-36.17%
-50.4%
1Y
-48.96%
-65.4%
3Y
+72.52%
-9.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on VNET open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+57.47K
Net buying
Buy transactions
2
126.54K shares
Sell transactions
2
69.07K shares
Net transactions
+4
Buys less sells
Sell : buy shares
0.5 : 1
Mixed
Insider-held shares
62.41K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 1, 26 | SHAO SEAN Director |
SELL | 60.00K | $636.00K | Direct |
| May 18, 26 | ZHANG ZHIHUA Officer |
SELL | 9.07K | $95.44K | Direct |
| May 15, 26 | ZHANG ZHIHUA Officer |
— | 43.00K | — | Direct |
| Apr 30, 26 | CHEN DAVID LIFENG Director |
— | 83.54K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
CHEN DAVID LIFENG |
Director | 417.71K | Conversion of Exercise of derivative security |
SHAO SEAN |
Director | 983.82K | Sale |
ZHANG ZHIHUA |
Officer | 33.92K | Sale |
Fundamentals
Market cap$1.54B
Enterprise value$31.74B
Revenue (TTM)$10.74B
Gross profit$2.20B
EBITDA$3.28B
Net income$-2.38B
EPS (TTM)$-1.22
Free cash flow$-3.81B
Total cash$6.72B
Total debt$30.98B
Book value / share$2.13
Shares outstanding280.10M
Float172.09M
Short % of float24.84%
Dividend yield0.00%
Beta (5Y)0.23
Valuation & profitability ratios
Trailing P/E—
Forward P/E35.47
PEG ratio0.45
Price / sales—
Price / book2.53
EV / revenue2.96
EV / EBITDA9.67
Gross margin20.49%
Operating margin8.25%
Profit margin-6.24%
Return on equity-4.70%
Return on assets1.17%
Debt / equity309.21
Current ratio0.97
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $9.95B | $8.26B | $7.41B | $7.07B | +20.5% |
| Operating revenue | $9.95B | $8.26B | $7.41B | $7.07B | +20.5% |
| Cost of revenue | $7.76B | $6.43B | $6.12B | $5.71B | +20.7% |
| Gross profit | $2.19B | $1.83B | $1.29B | $1.36B | +19.7% |
| Research & development | $261.13M | $246.61M | $322.22M | $306.84M | +5.9% |
| Selling, general & admin | $1.02B | $890.45M | $768.06M | $954.86M | +15.0% |
| Total operating expense | $1.41B | $1.16B | $1.39B | $1.24B | +21.5% |
| Operating income | $780.30M | $669.44M | -$100.02M | $121.16M | +16.6% |
| Net interest income | -$561.27M | -$373.02M | -$270.37M | -$241.73M | -50.5% |
| Pre-tax income | $417.20M | $474.69M | -$2.49B | -$630.46M | -12.1% |
| Tax provision | $557.51M | $234.23M | $114.37M | $133.46M | +138.0% |
| Net income | -$256.77M | $183.20M | -$2.64B | -$775.95M | -240.2% |
| Net income to common | -$256.77M | $168.12M | -$2.64B | -$775.95M | -252.7% |
| Basic EPS | -0.96 | 0.66 | -17.58 | -5.22 | -245.5% |
| Diluted EPS | -0.96 | 0.12 | -17.58 | -5.22 | -900.0% |
| EBIT | $1.02B | $875.66M | -$2.17B | -$357.15M | +16.0% |
| EBITDA | $3.14B | $2.47B | -$366.56M | $1.24B | +27.0% |
| Basic shares | 268.71M | 265.60M | 150.19M | 147.80M | +1.2% |
| Diluted shares | 270.95M | 290.39M | 150.19M | 147.80M | -6.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $5.52B | $1.49B | $2.24B | $2.66B | +270.1% |
| Cash & short-term investments | $5.90B | $1.49B | $2.60B | $2.66B | +295.5% |
| Accounts receivable | $2.49B | $1.85B | $1.90B | $1.90B | +34.9% |
| Total current assets | $11.45B | $6.82B | $9.82B | $7.05B | +67.9% |
| Property, plant & equipment | $27.65B | $21.83B | $17.04B | $15.47B | +26.6% |
| Goodwill & intangibles | $2.87B | $2.17B | $1.99B | $3.44B | +32.4% |
| Total assets | $44.59B | $32.36B | $30.39B | $26.95B | +37.8% |
| Total current liabilities | $12.45B | $9.34B | $11.44B | $6.33B | +33.2% |
| Current debt | $4.48B | $1.42B | $4.96B | $1.02B | +215.8% |
| Long-term debt | $16.72B | $9.67B | $6.88B | $8.91B | +73.0% |
| Total debt | $28.17B | $17.51B | $17.17B | $14.76B | +60.9% |
| Total liabilities | $36.03B | $25.44B | $23.87B | $19.97B | +41.6% |
| Retained earnings | -$11.13B | -$10.86B | -$11.02B | -$8.37B | -2.4% |
| Shareholder equity | $6.22B | $6.37B | $6.01B | $6.61B | -2.3% |
| Working capital | -$995.35M | -$2.52B | -$1.61B | $720.19M | +60.6% |
| Net tangible assets | $3.35B | $4.20B | $4.03B | $3.17B | -20.3% |
| Shares issued | 1.65B | 1.64B | 1.58B | 921.50M | +0.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$133.42M | $248.42M | -$2.60B | -$761.99M | -153.7% |
| Depreciation & amortisation | $2.13B | $1.60B | $1.81B | $1.60B | +33.0% |
| Stock-based compensation | $25.78M | $148.56M | $35.30M | $118.17M | -82.6% |
| Change in working capital | -$736.89M | -$309.25M | -$66.82M | $382.86M | -138.3% |
| Operating cash flow | $1.92B | $2.01B | $2.06B | $2.44B | -4.3% |
| Capital expenditure | -$7.87B | -$5.13B | -$3.06B | -$3.10B | -53.4% |
| Investing cash flow | -$8.01B | -$4.39B | -$3.91B | -$3.56B | -82.5% |
| Share buybacks | -$17.20M | $0 | $0 | $0 | — |
| Financing cash flow | $10.22B | -$627.65M | $3.94B | $2.30B | +1,728.4% |
| Free cash flow | -$5.95B | -$3.12B | -$997.15M | -$660.39M | -90.5% |
| End cash position | $6.20B | $2.08B | $5.10B | $2.99B | +198.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $2.78B | $2.69B | $2.69B | $2.58B | $2.43B | +3.3% |
| Operating revenue | $2.78B | $2.69B | $2.69B | $2.58B | $2.43B | +3.3% |
| Cost of revenue | $2.27B | $2.08B | $2.15B | $2.04B | $1.89B | +9.6% |
| Gross profit | $505.18M | $615.87M | $540.38M | $539.03M | $547.74M | -18.0% |
| Research & development | $75.16M | $74.42M | $78.67M | $71.30M | $67.57M | +1.0% |
| Selling, general & admin | $223.70M | $216.06M | $240.19M | $257.09M | $282.44M | +3.5% |
| Total operating expense | $275.93M | $368.94M | $387.38M | $333.29M | $374.72M | -25.2% |
| Operating income | $229.25M | $246.93M | $153.01M | $205.74M | $173.02M | -7.2% |
| Net interest income | -$187.88M | -$210.65M | -$184.43M | -$142.29M | -$140.64M | +10.8% |
| Pre-tax income | $37.30M | $38.65M | $732.57M | -$255.76M | $111.78M | -3.5% |
| Tax provision | $57.84M | $486.16M | $388.93M | $21.47M | $95.05M | -88.1% |
| Net income | -$144.68M | -$2.23B | $299.83M | -$307.07M | -$11.98M | +93.5% |
| Net income to common | -$144.68M | -$2.23B | $299.83M | -$307.07M | -$11.98M | +93.5% |
| Basic EPS | -0.54 | -8.16 | 1.02 | -1.14 | -0.06 | +93.4% |
| Diluted EPS | -0.54 | -8.16 | 0.00 | -1.14 | -0.06 | +93.4% |
| EBIT | $241.80M | $259.69M | $922.01M | -$104.74M | $269.28M | -6.9% |
| EBITDA | $241.80M | $259.69M | $922.01M | -$104.74M | $269.28M | -6.9% |
| Basic shares | 283.67M | 274.14M | 269.38M | 268.95M | 268.41M | +3.5% |
| Diluted shares | 283.67M | 274.14M | 293.77M | 268.95M | 268.41M | +3.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $6.72B | $7.77B | $5.52B | $3.50B | $2.92B | -13.5% |
| Cash & short-term investments | $6.72B | $8.49B | $5.90B | $4.75B | $4.16B | -20.8% |
| Accounts receivable | $2.64B | $2.68B | $2.49B | $2.20B | $2.22B | -1.6% |
| Total current assets | $12.76B | $14.49B | $11.45B | $10.96B | $10.18B | -11.9% |
| Property, plant & equipment | $30.62B | $29.24B | $27.65B | $27.28B | $24.92B | +4.7% |
| Goodwill & intangibles | $3.17B | $2.86B | $2.87B | $2.84B | $2.84B | +10.9% |
| Total assets | $49.51B | $49.12B | $44.59B | $43.35B | $39.71B | +0.8% |
| Total current liabilities | $13.11B | $14.66B | $12.45B | $12.17B | $10.45B | -10.5% |
| Current debt | $4.18B | $5.18B | $4.48B | $3.00B | $2.73B | -19.2% |
| Long-term debt | $19.24B | $17.77B | $16.72B | $16.48B | $14.65B | +8.3% |
| Total debt | $30.63B | $29.77B | $28.17B | $26.66B | $24.34B | +2.9% |
| Total liabilities | $39.49B | $39.12B | $36.03B | $35.76B | $32.09B | +0.9% |
| Retained earnings | -$13.50B | -$13.36B | -$11.13B | -$11.43B | -$11.12B | -1.1% |
| Shareholder equity | $4.08B | $4.23B | $6.22B | $5.75B | $6.17B | -3.7% |
| Working capital | -$350.60M | -$165.58M | -$995.35M | -$1.21B | -$267.10M | -111.7% |
| Net tangible assets | $908.28M | $1.38B | $3.35B | $2.90B | $3.33B | -34.0% |
| Shares issued | 1.71B | 1.74B | 1.65B | 1.61B | 1.61B | -1.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Operating cash flow | $218.08M | $173.68M | $742.14M | $809.82M | $366.60M | +25.6% |
| Capital expenditure | -$1.54B | -$1.79B | -$3.75B | -$2.22B | -$1.89B | +14.3% |
| Investing cash flow | -$971.94M | -$2.22B | -$2.44B | -$2.29B | -$3.28B | +56.2% |
| Financing cash flow | -$86.94M | $3.95B | $7.50B | $2.14B | $582.66M | -102.2% |
| Free cash flow | -$1.32B | -$1.62B | -$3.01B | -$1.41B | -$1.53B | +18.5% |
| End cash position | $7.21B | $8.08B | $6.20B | $4.08B | $3.42B | -10.7% |
Options analytics
Put / call volume
3.77
Put-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
1.00
-81.5% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
-12.5%
Calls bid over puts
Call volume
113
Contracts, this expiry
Put volume
426
Contracts, this expiry
Heaviest call OI
1.00
0 contracts
Heaviest put OI
4.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.38 | -0.49 | -30.7% |
| Mar 2026 | -0.17 | -8.16 | -4,747.3% |
| Dec 2025 | 0.18 | 1.05 | +470.7% |
| Sep 2025 | 0.09 | -1.13 | -1,324.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.16 | 1 | $2.98B | +15.4% |
| Next quarter | 0.25 | 1 | $3.22B | +19.9% |
| Current year | -6.11 | 3 | $11.69B | +17.5% |
| Next year | 1.02 | 3 | $14.26B | +22.0% |
Analyst targets & ownership
Mean target$13.64
High target$25.07
Low target$7.52
Implied upside152.57%
Analyst count14
ConsensusSTRONG BUY
Strong buy / Buy4 / 9
Hold1
Sell / Strong sell0 / 0
Held by insiders0.02%
Held by institutions45.61%
Institutions holding227
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
5.93
-8.86% from price
SMA 20
6.18
-12.66% from price
SMA 50
6.60
-18.19% from price
SMA 100
7.70
-29.87% from price
SMA 200
8.79
-38.54% from price
EMA 12
5.85
-7.64% from price
EMA 26
6.19
-12.76% from price
EMA 50
6.62
-18.49% from price
RSI (14)
36.9
Neutral
MACD (12,26,9)
-0.34
Hist -0.11
ATR (14)
0.42
7.80% of price
Realised vol 30D
73.0%
Annualised
Bollinger upper
7.37
20, 2σ
Bollinger lower
5.00
20, 2σ
50 / 200 cross
Death
6.60 vs 8.79
Trend bias
Below 200
-38.54%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.46
More volatile than market
Correlation to SPY
0.42
Loosely linked
Realised vol 30D
73.0%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-63.4%
Peak to trough
Max drawdown 5Y
-92.6%
Peak to trough
ATR 14
0.42
7.80% of price
Beta (reported)
0.23
5Y monthly, from filing
Short interest
Shares short
39.57M
Prior 38.35M
Change vs prior
+3.2%
Shorts adding
% of float
24.84%
Heavily shorted
% of shares out
13.87%
Against total outstanding
Days to cover
7.9
Crowded exit
Float
172.09M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 7, 26 | Deutsche Bank | INITIATED | — | Buy |
| Aug 22, 25 | B of A Securities | MAINTAINED | Buy | Buy |
| Mar 14, 25 | Citigroup | MAINTAINED | Buy | Buy |
| Nov 29, 24 | UBS | MAINTAINED | Buy | Buy |
| Oct 9, 24 | HSBC | UPGRADE | Hold | Buy |
| Sep 4, 24 | Citigroup | INITIATED | — | Buy |
| Mar 19, 24 | B of A Securities | UPGRADE | Neutral | Buy |
| Jun 12, 23 | HSBC | DOWNGRADE | Buy | Hold |
| Sep 1, 22 | Credit Suisse | DOWNGRADE | Outperform | Neutral |
| May 17, 22 | Credit Suisse | MAINTAINED | — | Outperform |
| Nov 22, 21 | HSBC | UPGRADE | Hold | Buy |
| Nov 19, 21 | Goldman Sachs | DOWNGRADE | Buy | Sell |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-09-21
Corporate Changes & Voting Matters
6-K · 2026-08-18
Corporate Changes & Voting Matters
6-K · 2026-05-26
Corporate Changes & Voting Matters
6-K · 2026-05-13
Corporate Changes & Voting Matters
6-K · 2026-04-20
Periodic Financial Reports
20-F · 2026-04-16
Corporate Changes & Voting Matters
6-K · 2026-03-16
Corporate Changes & Voting Matters
6-K · 2026-03-10
Headlines
VNET Group (VNET) Stock May Be Undervalued After A 100% Run
Simply Wall St. · 5d ago
VNET Announces Closing of Previously Announced Strategic Investment
PR Newswire · 16d ago
Vnet Group (VNET): A Data Center Milestone Comes With A Catch
Insider Monkey · 41d ago
VNET Group (VNET) Is Expanding Rapidly. Can It Finance the AI Data-Center Buildout?
Insider Monkey · 46d ago
VNET Group (VNET) Could Be 58% Undervalued After Reaffirming 2026 Guidance
Simply Wall St. · 49d ago
VNET Group Inc (VNET) (Q2 2026) Earnings Call Highlights: Surpasses 1 Gigawatt Wholesale ...
GuruFocus.com · 50d ago
VNET Group Q2 Earnings Call Highlights
MarketBeat · 50d ago
VNET Reports Unaudited Second Quarter 2026 Financial Results
PR Newswire · 50d ago
PRIVATE STRATEGY · BY QUALIFICATION
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