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DisclosuresTermsPrivacy

Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. TENK/calls is an independent service and is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

TTENK/calls
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Pulling SEC filings + quote and writing the call…

TTENK/calls
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Home›Stocks›VNET
VNET logo

VNET

VNET Group, Inc.

Next earnings Aug 19, 2026 · consensus $1.59 EPS, $2.84B rev

Avoid
$7.92
▲ +5.46%
$7.92▲ +13.47%
over 1Y
L $6.61H $14.03
Today+5.5%
1W+2.9%
1M-26.5%
3M-3.3%
YTD-13.1%
1Y+13.5%
OverviewFinancialsValuationQualityFilings
Rating
Avoid
Quality
F
Valuation
Fair value
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 19 analysts
Strong Buy

Unprofitable (net margin -6.6%).

Revenue (FY2019) $544M · FY2019

VNET Group, Inc. shows $544M in FY2019 revenue, a -6.6% net margin, and -4.0% ROE.

Weighing against it: unprofitable (net margin -6.6%); high leverage (liabilities/equity 5.8x).

Is VNET a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Bear put spread (caution)~60d expiry
  • Long put 8 @ ~0.87 est
  • Short put 7 @ ~0.41 est
debit $46max +$54max −$46BE 7.54

AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.

Open in the calculator →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue—————
Gross profit$226M$197M$182M$251M$314M
Operating income$3.35M$17.6M-$278M$91.7M$112M
Net income$78.5M-$113M-$372M$25.1M-$36.0M
Diluted EPS-$0.06-$0.13-$0.41$0.00-$0.02
Net margin—————

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$1.54B
EV / EBITDA3.7
EV / Sales2.8
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-1.6%
FCF yield-36.4%

Quality & risk

ROIC (est.)9.2%
Free cash flow-$821M
Total debt$70.2M
Net cash$720M
Altman Z-Score0.03 distress
Piotroski F-Score3/6

Capital returns

Buyback yield0.1%
Dividend yield (est.)—
Shareholder yield0.1%
Shares Δ YoY+1.2%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Recent filings

all on EDGAR ↗
4Period ending 2026-06-012026-06-03open ↗6-KPeriod ending 2026-05-262026-05-26open ↗4Period ending 2026-05-152026-05-19open ↗SCHEDULE 13D/AFiling2026-05-19open ↗SCHEDULE 13D/AFiling2026-05-15open ↗4Period ending 2026-05-152026-05-15open ↗4Period ending 2026-05-152026-05-15open ↗4Period ending 2026-05-152026-05-15open ↗6-KPeriod ending 2026-05-132026-05-13open ↗4Period ending 2026-04-302026-05-01open ↗6-KPeriod ending 2026-04-202026-04-20open ↗20-FPeriod ending 2025-12-312026-04-16open ↗

Quality score

F
ValueGrowthProfitHealthMom.
ValueC
GrowthF
ProfitabilityD
Financial healthD
MomentumF
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✗Liabilities below 2× equity
6.9752-week14.03
Revenue
$544M
Net margin
-6.6%
ROE
-4.0%
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$544M
Net income-$36.0M-243.5%
Gross profit$314M+24.9%
Operating income$112M+21.7%
Diluted EPS-$0.02
Cash & equivalents$790M+286.3%
Total assets$6.38B+43.9%
Total liabilities$5.15B+47.8%
Stockholders' equity$889M+2.0%
Gross: 57.6%Op.: 20.5%L/E: 5.79x

Frequently asked

Is VNET Group, Inc. (VNET) a buy?
VNET currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Unprofitable (net margin -6.6%).
What is VNET Group, Inc.'s quality score?
VNET scores 39.66513097425026/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001508475, latest 4 filed 2026-06-03) · EODHD · as of 7/4/2026, 8:19:05 PM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 4, 2026, 4:19 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC

Last 90 days: 0 open-market buys · 2 sales

2026-06-01
Shao Sean
Director
Sell60.0K @ $1.71$103K
2026-05-18
ZHANG ZHIHUA
SVP, Operational Finance
Sell9.07K @ $1.69$15.4K
2026-05-15
ZHANG ZHIHUA
SVP, Operational Finance
Exercise43.0K
2026-04-30
Chen David Lifeng
Director
Exercise83.5K
2026-03-23
Chen David Lifeng
Director
Sell83.5K @ $1.51$126K

Vs tracked universe

compare →

1195 tracked peers · median

TENK Score40 vs 67
Revenue growth— vs 7.5%
Net margin-6.6% vs 10.0%
Return on equity-4.0% vs 12.0%
P/E— vs 26.2