Kingsoft Cloud Holdings (KC) financial statements

Technology · Software - Application · Market cap $2.2B

Kingsoft Cloud Holdings reported revenue of 9.6B CNY in fiscal 2025, up 23.2% a year over 7 years.

Net income was -936M CNY and the operating margin -8.1%, against -44.2% in 2018.

The diluted share count rose 418% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CNY).

02.557.51020182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in CNY, from Kingsoft Cloud Holdings's 10-K filings with the SEC.

Fiscal year20182019202020212022202320242025
Revenue2.2B CNY4.0B CNY6.6B CNY9.1B CNY8.2B CNY7.0B CNY7.8B CNY9.6B CNY
Cost of revenue2.4B CNY3.9B CNY6.2B CNY8.7B CNY7.8B CNY6.2B CNY6.4B CNY8.1B CNY
Gross profit-200M CNY8M CNY357M CNY351M CNY430M CNY850M CNY1.3B CNY1.5B CNY
Research and development441M CNY595M CNY775M CNY1.0B CNY971M CNY785M CNY846M CNY810M CNY
Selling, general and admin339M CNY556M CNY789M CNY1.1B CNY1.7B CNY1.5B CNY1.3B CNY1.5B CNY
Operating income-979M CNY-1.1B CNY-1.2B CNY-1.8B CNY-2.3B CNY-2.1B CNY-1.7B CNY-773M CNY
Interest expense39M CNY5M CNY9M CNY52M CNY138M CNY146M CNY230M CNY498M CNY
Pre-tax income-997M CNY-1.1B CNY-947M CNY-1.6B CNY-2.7B CNY-2.2B CNY-2.0B CNY-948M CNY
Income tax10M CNY9M CNY15M CNY16M CNY24M CNY18M CNY-2M CNY-4M CNY
Net income-1.0B CNY-1.1B CNY-962M CNY-1.6B CNY-2.7B CNY-2.2B CNY-2.0B CNY-936M CNY
EPS (diluted)-2.20 CNY-1.31 CNY-0.41 CNY-0.46 CNY-0.73 CNY-0.61 CNY-0.54 CNY-0.23 CNY
Diluted shares793M890M2.40B3.44B3.62B3.56B3.66B4.11B
Gross margin-9.0%0.2%5.4%3.9%5.3%12.1%17.2%15.7%
Operating margin-44.2%-28.9%-18.4%-20.0%-27.5%-29.9%-22.3%-8.1%
Net margin-45.4%-28.1%-14.6%-17.5%-32.5%-30.9%-25.3%-9.8%

Balance sheet

Fiscal years, in CNY, from Kingsoft Cloud Holdings's 10-K filings with the SEC.

Fiscal year20182019202020212022202320242025
Cash and short-term investments1.5B CNY2.2B CNY6.1B CNY6.7B CNY4.7B CNY2.3B CNY2.7B CNY6.0B CNY
Receivables—1.3B CNY2.3B CNY3.6B CNY2.4B CNY1.5B CNY1.5B CNY1.7B CNY
Total current assets—4.1B CNY9.5B CNY12.4B CNY9.0B CNY6.1B CNY6.8B CNY11.0B CNY
Property, plant and equipment—1.7B CNY2.0B CNY2.4B CNY2.1B CNY2.2B CNY4.6B CNY10.1B CNY
Goodwill——0 CNY4.6B CNY4.6B CNY4.6B CNY4.6B CNY4.6B CNY
Total assets—6.0B CNY11.9B CNY21.1B CNY17.3B CNY15.1B CNY17.6B CNY26.7B CNY
Total current liabilities—2.4B CNY3.5B CNY7.5B CNY6.7B CNY6.8B CNY9.2B CNY9.4B CNY
Long-term debt—74M CNY———100M CNY1.7B CNY3.0B CNY
Total liabilities—2.5B CNY3.7B CNY9.6B CNY7.7B CNY7.8B CNY12.1B CNY17.4B CNY
Shareholders' equity-3.2B CNY-4.2B CNY8.2B CNY10.6B CNY8.8B CNY6.9B CNY5.2B CNY9.3B CNY
Net debt-1.5B CNY-1.8B CNY-3.4B CNY-4.2B CNY-3.4B CNY-2.2B CNY-988M CNY-3.0B CNY

Cash flow

Fiscal years, in CNY, from Kingsoft Cloud Holdings's 10-K filings with the SEC.

Fiscal year20182019202020212022202320242025
Operating cash flow-383M CNY-439M CNY-290M CNY-709M CNY189M CNY-169M CNY628M CNY3.8B CNY
Stock-based compensation47M CNY121M CNY330M CNY434M CNY360M CNY182M CNY214M CNY447M CNY
Share buybacks (net)————-208M CNY0 CNY0 CNY—
Net borrowing-80M CNY-81M CNY-100M CNY-74M CNY0 CNY0 CNY-2M CNY-160M CNY
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Questions

What was Kingsoft Cloud Holdings's revenue in 2025?

9.6B CNY in fiscal 2025, from its 10-K filing.

From Kingsoft Cloud Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.