# GDS Holdings Ltd: overview

GDS · Nasdaq · CIK 1526125 · [Technology](/sectors/technology.md)

Pages: [Overview](/companies/gds.md) · [Financials](/companies/gds/financials.md) · [Filings](/companies/gds/filings.md) · [Insiders](/companies/gds/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [7.8](/filings/0001104659-24-053528.md) | [9.3](/filings/0001410578-25-000935.md) | [9.8](/filings/0001104659-26-051006.md) | [10.3](/filings/0001104659-26-051006.md) | [11.4](/filings/0001104659-26-051006.md) |
| Gross margin | % | [22.8%](/filings/0001104659-24-053528.md) | [21.1%](/filings/0001410578-25-000935.md) | [19.9%](/filings/0001104659-26-051006.md) | [21.5%](/filings/0001104659-26-051006.md) | [22.6%](/filings/0001104659-26-051006.md) |
| Operating margin | % | [7.3%](/filings/0001104659-24-053528.md) | [7.7%](/filings/0001410578-25-000935.md) | [(22.6%)](/filings/0001104659-26-051006.md) | [11.2%](/filings/0001104659-26-051006.md) | [(0.5%)](/filings/0001104659-26-051006.md) |
| Net margin | % | [(15.2%)](/filings/0001104659-24-053528.md) | [(13.7%)](/filings/0001410578-25-000935.md) | [(43.9%)](/filings/0001104659-26-051006.md) | [33.2%](/filings/0001104659-26-051006.md) | [8.3%](/filings/0001104659-26-051006.md) |
| Diluted EPS | $ per share | [(0.90)](/filings/0001104659-24-053528.md) | [(1.03)](/filings/0001410578-25-000935.md) | [(2.96)](/filings/0001104659-26-051006.md) | [2.27](/filings/0001104659-26-051006.md) | [0.55](/filings/0001104659-26-051006.md) |
| Free cash flow | $bn | [(8.5)](/filings/0001104659-24-053528.md) | [(3.1)](/filings/0001410578-25-000935.md) | [(1.1)](/filings/0001104659-26-051006.md) | [(1.2)](/filings/0001104659-26-051006.md) | [(1.3)](/filings/0001104659-26-051006.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/gds/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Singapore Technologies Telemedia Pte Ltd](/funds/1219573.md) | 2026-06-30 | $295.4m | 9,835,680 |  | Unchanged |
| [Sachem Head Capital Management LP](/funds/1582090.md) | 2026-06-30 | $260.8m | 8,685,000 |  | Unchanged |
| [CANADA PENSION PLAN INVESTMENT BOARD](/funds/1283718.md) | 2026-06-30 | $210.3m | 7,004,083 |  | Unchanged |
| [BARCLAYS PLC](/funds/312069.md) | 2026-06-30 | $199.8m | 6,654,192 |  | Added +3,663,017 |
| [Tekne Capital Management, LLC](/funds/1558971.md) | 2026-06-30 | $179.5m | 5,976,818 |  | Added +925,000 |
| [BAMCO INC /NY/](/funds/1017918.md) | 2026-06-30 | $127.5m | 4,245,033 |  | Reduced −352,213 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $107.8m | 3,590,986 |  | Added +1,565,360 |
| [Carrhae Capital LLP](/funds/1555254.md) | 2026-06-30 | $99.1m | 3,300,419 |  | Added +1,115,757 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $95.0m | 3,162,100 |  | Added +1,113,768 |
| [TOMS Capital Investment Management LP](/funds/1743937.md) | 2026-06-30 | $81.7m | 2,722,000 |  | New +2,722,000 |

## Recent filings

[All 457 filings](/companies/gds/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-04 | 11:23 ET | [6-K](/filings/0001104659-26-105234.md) | Report of a foreign private issuer, period 2026-09-04 | 0001104659-26-105234 |
| 2026-08-13 | 12:15 ET | [6-K](/filings/0001104659-26-095498.md) | Report of a foreign private issuer, period 2026-08-13 | 0001104659-26-095498 |
| 2026-07-30 | 10:40 ET | [6-K](/filings/0001104659-26-088432.md) | Report of a foreign private issuer, period 2026-07-30 | 0001104659-26-088432 |
| 2026-07-28 | 10:01 ET | [6-K](/filings/0001104659-26-087263.md) | Report of a foreign private issuer, period 2026-07-28 | 0001104659-26-087263 |
| 2026-06-25 | 12:24 ET | [6-K](/filings/0001104659-26-077555.md) | Report of a foreign private issuer, period 2026-06-25 | 0001104659-26-077555 |
| 2026-06-02 | 12:35 ET | [6-K](/filings/0001104659-26-069256.md) | Report of a foreign private issuer, period 2026-06-02 | 0001104659-26-069256 |
| 2026-05-20 | 13:28 ET | [6-K](/filings/0001104659-26-064187.md) | Report of a foreign private issuer, period 2026-05-20 | 0001104659-26-064187 |
| 2026-05-20 | 12:44 ET | [6-K](/filings/0001104659-26-064164.md) | Report of a foreign private issuer, period 2026-05-20 | 0001104659-26-064164 |
| 2026-05-19 | 13:11 ET | [6-K](/filings/0001104659-26-063599.md) | Report of a foreign private issuer, period 2026-05-19 | 0001104659-26-063599 |
| 2026-05-06 | 11:15 ET | [6-K](/filings/0001104659-26-055904.md) | Report of a foreign private issuer, period 2026-05-06 | 0001104659-26-055904 |

## Latest annual report

[Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-051006.md), filed Apr 29, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1526125
- Tickers: GDS, GDHLF
- Exchange: Nasdaq
- SIC code: 7370 Services-Computer Programming, Data Processing, Etc.
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:42 ET. No prices; not investment advice.
