GDS PRESS-RELEASE SEC Filing Analysis

Final — all horizons settled through T+60d

GDS ▼ -18.41% at T+60d

NEUTRAL call ✗ call lost -18.41% · α vs SPY -28.27% · entry $44.26 → $36.11

Last close $32.56 (close Jun 12) · -26.43% from $44.26 entry

Entry anchored
Mar 16, 03:59 PM ET
via Databento tick

T+1d

+0.52%

call +0.52% · α +1.92%

$44.49

settled 3mo ago

T+5d

-1.76%

call -1.76% · α +0.89%

$43.48

settled 3mo ago

T+20d

-3.07%

call -3.07% · α -7.37%

$42.90

settled 2mo ago

T+60d

-18.41%

call -18.41% · α -28.27%

$36.11

settled 4d ago

Price Chart

Loading chart...

Executive Summary

GDS Holdings reported mixed Q4 and full-year 2025 results with solid revenue and adjusted EBITDA growth, but a significant net loss due to a one-time RMB1.56 billion impairment charge. The company raised $685 million in capital and provided 2026 guidance implying mid-to-high single-digit revenue and EBITDA growth, reflecting cautious optimism around AI-driven demand.

Key Financial Metrics

Revenue

$1.6B

+10.8% YoY

EPS

$0.08

Guidance

RMB12,400M-RMB12,900M

initiated

Deal Value

$685.0M

Actionable Insight

The impairment charge is a one-time accounting event and does not reflect ongoing operations. Focus on the strong adjusted EBITDA growth, improving utilization (75.5%), and capital raised to fund expansion. The 2026 guidance suggests moderation in growth, so monitor AI-driven demand trends and execution on capacity ramp-up.

Key Facts

Q4 2025 revenue: $417.8M (+8.6% YoY), full-year 2025 revenue: $1.63B (+10.8% YoY)
Q4 net loss: $66.2M (vs. $173.4M loss in Q4 2024) due to $223.3M impairment loss on long-lived assets
Full-year 2025 net income: $137.2M (vs. $770.9M net loss in 2024)
Adjusted EBITDA: $195.3M in Q4 (+5.2% YoY), $772.7M for full year (+10.8% YoY)
Raised $685M via sale of DayOne shares and private placement of convertible preferred shares
2026 guidance: revenue $1.77B–$1.84B (8.5%–12.8% growth), adjusted EBITDA $822M–$858M (6.4%–11.0% growth)

Financial Impact

Revenue and adjusted EBITDA grew solidly in 2025, but Q4 profitability was severely impacted by a $223.3M impairment charge. The company strengthened its balance sheet with $685M in new capital.

revenueepsebitdacash_flowdilution

Risk Factors

Impairment indicates valuation pressure on leased data center assets; may signal oversupply or lease risk
2026 guidance implies decelerating growth; AI demand may not materialize as expected
High leverage: long-term debt of $6.1B vs. $2.0B cash

Market Snapshot

Exchange

OTC

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3257009

5 reports for GDS

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for GDS — sortable, filterable
	Type				Now
Jun 11, 2026 3d ago	Institutional Cluster MIXED ★ 4/10	$32.94 awaiting T+5	awaiting T+5	—	$32.56 (−1.14%)
May 20, 2026 25d ago	Press Release BULLISH ★ 7/10	$36.66 $33.88	▼ −7.58%	▼ −8.82%	$32.56 (−11.18%)
Apr 29, 2026 6w ago	Press Release NEUTRAL ★ 4/10	$41.54 $45.00	▲ +8.33%	▲ +5.22%	$32.56 (−21.62%)
Mar 17, 2026 12w ago	Press Release MIXED ★ 6/10	$44.26 $43.48	▼ −1.76%	▲ +0.89%	$32.56 (−26.43%)
Mar 3, 2026 14w ago	Press Release NEUTRAL ★ 3/10	$37.99 $43.89	▲ +15.53%	▲ +16.01%	$32.56 (−14.29%)

US Market Status

Market Closed — Opens in 5h 1m

Related Tickers

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access