GDS Holdings (GDS)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from GDS's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from GDS Holdings's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7.8B | $9.3B | $9.8B | $10.3B | $11.4B |
| Net income | -$1.2B | -$1.3B | -$4.3B | $3.4B | $950M |
| Free cash flow | -$8.5B | -$3.1B | -$1.1B | -$1.2B | -$1.3B |
| EPS (diluted) | -$0.90 | -$1.03 | -$2.96 | $2.27 | $0.55 |
| Operating margin | 7.3% | 7.7% | -22.6% | 11.2% | -0.49% |
Where the revenue comes from
Revenue by products, fiscal 2025.
Superinvestors who own GDS
From each investor's latest 13F filing (what a 13F shows). 3 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Ron Baron Baron Capital (BAMCO) |
Trimmed | $127M | 0.19% | Q2 2026 |
| Seth Klarman Baupost Group |
Added | $113M | 2.1% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Trimmed | $222,853 | 0.0% | Q2 2026 |
Insider buying
Open-market purchases by GDS Holdings's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are GDS Holdings insiders buying the stock?
No open-market insider purchases of GDS in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own GDS Holdings?
3 of the superinvestors Investingly tracks hold GDS in their latest 13F, including Ron Baron, Seth Klarman, Cliff Asness.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.