VNET Earnings Miss by 99.5% as Revenue Plunges 82.9% to $384.2M in Q4

$VNET

Earnings Per Share (adj.)

$0.04

vs $0.18 est. (-99.5%)

Revenue

$384.2M

vs $2.7B est.

Earnings miss by wide margin. VNET Group, Inc. (NASDAQ: VNET) reported adjusted EPS of $0.04 for Q4 2025, missing the consensus estimate of $0.18 by 99.5%. The information technology services provider delivered GAAP diluted EPS of $0.001, with net income essentially flat at $0.00. Adjusted EBITDA reached $115.1 million for the quarter. The adjusted EPS matched the prior quarter’s $0.04 but represented a 102.7% improvement from the year-ago loss of $0.04 per share.

Revenue collapses year-over-year. Q4 2025 revenue totaled $384.2 million, falling dramatically short of the $2.65 billion consensus. The revenue figure matched the prior quarter’s $384.2 million but plunged 82.9% from year-ago revenue of $2.25 billion. Gross profit for the quarter came in at $77.3 million. The sharp year-over-year revenue decline suggests a significant business restructuring or asset divestiture occurred between Q4 2024 and Q4 2025, though the company has not yet detailed the drivers during its earnings call at 8:00 AM ET.

What to Watch: Management commentary on the 8:00 AM ET earnings call will be critical to understanding the 82.9% revenue decline and whether the current $384 million quarterly run rate represents the company’s new baseline following a business transformation. Analyst consensus remains bullish with 13 of 14 analysts rating the stock Buy or Strong Buy, suggesting the Street may already be modeling a smaller, restructured business.

This article was generated using AlphaStreet’s proprietary financial analysis technology and reviewed by our editorial team.