Data centre operator DayOne reported a net loss of $77.2 million for the first half of 2026, marking a nearly sixfold increase from the $12.6 million loss recorded during the same period in 2025, according to the company’s IPO filing.
The H1 2025 loss, however, represented only a small portion of DayOne’s full-year loss of $367.1 million in 2025. The company had reported a net loss of $57.6 million in 2024.
Despite the losses, DayOne has continued to grow its revenue. The company generated $178.1 million in revenue in 2024, which increased to $484.3 million in 2025. Revenue reached a further $512 million during the first half of 2026.
DayOne was initially established as a consolidated subsidiary of GDS Holdings Limited (GDS), a China-focused developer and operator of data centres. The company was separated from GDS’s consolidated operations effective December 31, 2024. GDS currently retains a 19.4% ownership stake in DayOne.
Since its establishment in 2022, DayOne has secured access to 4.6GW of resources across 10 markets, including 2.3GW in bookings.
To finance its expansion, the company raised $1.9 billion through Series A and Series B equity financing rounds in 2024, attracting institutional private equity and strategic investors. It subsequently raised another $1.3 billion in 2025, followed by $3.2 billion in 2026.
DayOne expects demand for data centre capacity in Asia Pacific, excluding China, to increase from 16GW in 2025 to 49GW by 2030. In Europe, the market is projected to grow from 16GW to 38GW over the same period.
The company is currently concentrating its expansion efforts on opportunities across Southeast Asia.
