Company: GDHLF
Filing Date: 2025-05-27
Form Type: 424B5
Source: 0001104659-25-053057
Chunk: 47

Company: GDS Holdings Ltd
Filing Date: 2025-05-27
Form: 424B5
Chunk 47
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 Share-based compensation expenses                       | ​ | ​ | ​                                    | ​ |    97,055 | ​ | ​ | ​ | ​               | ​ |  1.0 | ​ | ​ | ​ | ​    | ​ |   116,467 | ​ | ​ | ​ | ​               | ​ |  1.2 | ​ | ​ | ​ | ​    | ​ |    92,402 | ​ | ​ | ​ | ​   | ​ |  12,733 | ​ | ​ | ​ | ​               | ​ |  0.9 | ​ | ​ | ​ | ​                            | ​ |    26,096 | ​ | ​ | ​ | ​               | ​ |  1.1 | ​ | ​ | ​ | ​    | ​ |     6,016 | ​ | ​ | ​ | ​   | ​ |     829 | ​ | ​ | ​ | ​               | ​ |  0.2 | ​ | ​ |
| Adjusted gross profit                                   | ​ | ​ | ​                                    | ​ | 4,788,629 | ​ | ​ | ​ | ​               | ​ | 51.7 | ​ | ​ | ​ | ​    | ​ | 5,087,630 | ​ | ​ | ​ | ​               | ​ | 52.0 | ​ | ​ | ​ | ​    | ​ | 5,314,174 | ​ | ​ | ​ | ​   | ​ | 732,313 | ​ | ​ | ​ | ​               | ​ | 51.5 | ​ | ​ | ​ | ​                            | ​ | 1,270,130 | ​ | ​ | ​ | ​               | ​ | 52.2 | ​ | ​ | ​ | ​    | ​ | 1,455,422 | ​ | ​ | ​ | ​   | ​ | 200,562 | ​ | ​ | ​ | ​               | ​ | 53.4 | ​ | ​ |

Quarterly Key Performance Indicators Our net revenue and results of operations are largely determined by the amount of data center area in service, the degree to which data center space is committed or pre-committed as well as its utilization. The following table sets forth our key performance indicators on a quarterly basis, starting from the three months ended March 31, 2023 and ending with the three months ended March 31, 2025.

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