# VNET Group share price today (VNET Group, Inc., VNET)

> VNET Group, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. VNET · Technology · Information Technology Services · data as of 4 November 2026. Page: https://www.sectoralpha.in/us/stocks/vnet

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## Key numbers

- Price: $3.52 (−63.5% in a year)
- Revenue (Jun 2026): ₹2.8 B (+14.2% on a year ago)
- Profit (Jun 2026): −₹0.1 B
- Operating margin: 8.3% (+1.2 points on a year ago)
- ROE: −3%, FY25
- Profit that came in as cash: 512%, last 2 years

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the VNET Group share price today? VNET Group, Inc.'s share price was $3.52 at the close on 4 November 2026. It has been falling for 6 weeks. That is 57.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between $3 and $14, and at that close it sat 3% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 32 weeks running. Over the last 10 years the share price moved −63% while the S&P 500 moved +261%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 27 March 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does VNET Group pay? VNET Group, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is VNET Group on? VNET Group is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is VNET Group profitable? VNET Group, Inc. posted a net loss of ₹0.1 B in the Jun 2026 quarter. The full FY25 year was a loss of ₹0.3 B. That loss is 5.2% of the quarter's revenue. The same quarter a year earlier lost ₹0.01 B. 9 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was −₹0.3 B (−252.7% on the year before). This company reports in its home currency, not US dollars, so the money charts are left out here. The figures in the text are in that currency (₹); nothing is converted. ## How much revenue does VNET Group make, and is it growing? VNET Group, Inc. reported ₹2.8 B of revenue in the Jun 2026 quarter, +14.2% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 12.6% a year on average. The last full year, FY25, came in at ₹9.9 B. The last four reported quarters add to ₹10.7 B. FY25 revenue was ₹9.9 B, +20.5% on the year before. Recent pace: the last four quarters grew +18.8% on average, against 12.6% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +18.7%, against +18.3% a year over the last 8 quarters (stabilising). This company reports in its home currency, not US dollars, so the money charts are left out here. The figures in the text are in that currency (₹); nothing is converted. ## How much of its sales does VNET Group keep? VNET Group, Inc.'s operating margin was 8.3% in the Jun 2026 quarter, 1.2 percentage points higher than the same quarter a year ago. Across 5 years it has been between −1.3% and 8.1%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +1.2 percentage points on the year while gross margin changed −4.3 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is VNET Group's profit turning into cash? Over the last 2 years, 512% of VNET Group, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in ₹1.9 B of operating cash against −₹0.3 B of profit. After ₹7.7 B of spending on assets, free cash was −₹5.7 B: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. This company reports in its home currency, not US dollars, so the money charts are left out here. The figures in the text are in that currency (₹); nothing is converted. ## Where does VNET Group's cash go? VNET Group, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent ₹16.0 B on assets over the last 3 years. Averaged over those years that is 53.6% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: ₹16.0 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. This company reports in its home currency, not US dollars, so the money charts are left out here. The figures in the text are in that currency (₹); nothing is converted. ## What is VNET Group's P/E ratio, and how does it compare with its own history? VNET Group, Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. The P/E comes back here once profit turns positive. ## Is the VNET Group business getting better or worse? VNET Group, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does VNET Group earn on its capital? VNET Group, Inc. earned a ROE of −3% in FY25. That is up from a low of −41% in FY23. Its return on capital used (ROIC) is left out: on sales this small it reads −9%, a number that says nothing useful about the business. It comes from a −2.6% net margin and 0.22× asset turnover (sales divided by assets). Why the return is what it is (FY25): a −2.6% net margin × 0.22× asset turnover × 5.21× leverage (assets divided by equity) ≈ −3.0% on equity. The margin does its share; borrowing is a big part of it. ## Does VNET Group have too much debt? VNET Group, Inc. has total debt of ₹31.0 B against shareholder equity of ₹10.0 B as of Jun 2026, so its debt is 3.09× its equity. Year by year, that ratio went from 1.46 in FY21 to 3.33 in FY25. Keep that borrowing in mind when reading the returns on this page. This company reports in its home currency, not US dollars, so the money charts are left out here. The figures in the text are in that currency (₹); nothing is converted. ## What is the VNET Group shareholding pattern? We have no ownership or short-position figures for VNET Group, Inc., so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 9.4 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is VNET Group from balance-sheet trouble? For VNET Group, Inc., the Z-score is 0.16. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 0.16 is inside the danger zone, so the balance sheet is a real risk. ## How does VNET Group rank in its industry? There is no score against its industry: VNET Group, Inc. is not among the largest members shown in this industry comparison for Information Technology Services. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is VNET Group compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to VNET Group in size? VNET Group is the 41st largest of 52 Information Technology Services companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Keel Infrastructure Corp., BigBear.ai Holdings, Inc. and Grid Dynamics Holdings, Inc. Just below it: N-able, Inc., SharonAI Holdings Inc. and TaskUs, Inc. ### Information Technology Services companies close in size

1. [Keel Infrastructure Corp.](https://www.sectoralpha.in/us/stocks/keel) $1.3 billion
2. [BigBear.ai Holdings, Inc.](https://www.sectoralpha.in/us/stocks/bbai) $1.2 billion
3. [Grid Dynamics Holdings, Inc.](https://www.sectoralpha.in/us/stocks/gdyn) $1.1 billion
4. VNET Group, Inc. $1 billion
5. [N-able, Inc.](https://www.sectoralpha.in/us/stocks/nabl) $958 million
6. [SharonAI Holdings Inc.](https://www.sectoralpha.in/us/stocks/shaz) $874 million
7. [TaskUs, Inc.](https://www.sectoralpha.in/us/stocks/task) $791 million

[All 52 Information Technology Services companies, largest first](https://www.sectoralpha.in/us/sectors/information-technology-services#all-companies)

### Companies close in size in other industries

1. [Ambiq Micro, Inc.](https://www.sectoralpha.in/us/stocks/ambq) $1 billion · Semiconductors
2. [Apogee Enterprises, Inc.](https://www.sectoralpha.in/us/stocks/apog) $1 billion · Building Products & Equipment
3. VNET Group, Inc. $1 billion
4. [FMC Corporation](https://www.sectoralpha.in/us/stocks/fmc) $999 million · Agricultural Inputs
5. [Central Pacific Financial Corp.](https://www.sectoralpha.in/us/stocks/cpf) $999 million · Banks - Regional

## What else do people ask about VNET Group? ### What were VNET Group's latest quarterly results? VNET Group, Inc. reported revenue of ₹2.8 B and a net loss of ₹0.1 B for the Jun 2026 quarter. The operating margin was 8.3%, 1.2 percentage points higher than a year earlier (as of 4 November 2026). ### What is VNET Group's market cap? VNET Group, Inc.'s market capitalisation is $1.0 B at a stock price of $3.52. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is VNET Group performing? VNET Group, Inc.'s share price has been falling for 6 weeks. Over the past 13 weeks it has done worse than the S&P 500, for 32 weeks running. This describes what the data did, not a rating (as of 4 November 2026). ### Will VNET Group's stock price go up? This page does not forecast VNET Group, Inc.'s stock price. What it shows instead: the stock price is $3.52, and it has been falling for 6 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026). ### Is VNET Group's profit real cash? Yes, over the last 2 years, 512% of VNET Group, Inc.'s reported profit came in as cash from operations. The latest year was lower at -747%, so the trend is worth watching. In FY25, operating cash was ₹1.9 B against reported profit of −₹0.3 B. Most of that cash then goes into building new capacity. These are yearly figures (as of 4 November 2026). ### Where is VNET Group in its business cycle? VNET Group, Inc.'s FY25 operating margin was 7.8%, against a 5-year range of −1.3% to 8.1%: the middle of its own range, neither a peak nor a low. The latest quarter was 8.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the VNET Group story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is VNET Group a stock worth studying right now? What the numbers show: VNET Group, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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