GDS Holdings delivered solid financial results for Q3 2025 with strong revenue growth, a return to net profitability, and a high adjusted EBITDA margin, bolstered by the C-REIT transaction.

GDS reported solid operational and financial progress in Q2 2025, significantly reducing net loss, increasing revenue by over $44 million YoY, and strengthening liquidity with a successful capital raise and REIT transaction.

GDS delivered a strong turnaround in Q1 2025, posting a net income of $105.3M driven by a large gain on deconsolidation of subsidiaries. Revenue grew 12% year-over-year, while adjusted EBITDA margin improved to 48.6%.

GDS posted solid Q4 2024 results with increased revenue and a major net income boost, driven by asset monetization and growth in data center utilization.