GDS (GDS) reported a Q4 net loss Tuesday of 0.31 Chinese renminbi ($0.05) per diluted share, swinging from net income of 2.81 renminbi a year earlier.

Analysts polled by FactSet expected a loss of 0.26 renminbi.

Net revenue for the quarter ended Dec. 31 was 2.92 billion renminbi, up from 2.69 billion renminbi a year earlier.

Analysts surveyed by by FactSet expected 2.94 billion renminbi.

For 2026, the company expects revenue of 12.40 billion renminbi to 12.90 billion renminbi. Analysts are looking for 12.63 billion renminbi.

GDS shares were down 3.9% in premarket activity.