Quick Answer
GDS Holdings Ltd reported R&D Expense of $36.32 million for fiscal year 2024.
GDS Holdings Ltd R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $36.32M | -4.8% |
| 2023 | $38.16M | +19.6% |
| 2022 | $31.91M | -18.9% |
| 2021 | $39.34M | -1.8% |
| 2020 | $40.05M | +85.2% |
| 2019 | $21.63M | +55.4% |
| 2018 | $13.91M | +91.6% |
| 2017 | $7.26M | -20.2% |
| 2016 | $9.10M | +156.0% |
| 2015 | $3.55M | +122.5% |
| 2014 | $1.60M | — |
- GDS Holdings Ltd showed a decrease of -4.8% in R&D Expense compared to the prior fiscal year.
- Over the 2014–2024 period, GDS Holdings Ltd’s r&d expense has grown by 2174.2% (from $1.60 million to $36.32 million).
- The most recent figure is from GDS Holdings Ltd’s fiscal year 2024 report (Form 20-F), filed with the SEC on April 28, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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