NASDAQ · KC

Kingsoft Cloud Holdings Limited financials

$9.09−0.66%

Close Sep 29, 2026 · split-adjusted

Quarterly Annual

Revenue

1.01BFY20

9.06BFY21

1.19BFY22

995.6MFY23

1.07BFY24

1.37BFY25

Net income

-150.5MFY20

-1.59BFY21

-385.4MFY22

-307.5MFY23

-269.4MFY24

-133.8MFY25

Income statement & cash flow

Fiscal year	FY25 Dec 31	FY24 Dec 31	FY23 Dec 31	FY22 Dec 31	FY21 Dec 31	FY20 Dec 31
Revenue	$1.37B	$1.07B	$995.6M	$1.19B	$9.06B	$1.01B
Gross profit	$214.9M	$183.7M	$120.1M	$62.3M	$351.3M	$54.7M
Gross margin	15.7%	17.2%	12.1%	5.3%	3.9%	5.4%
Operating income	-$110.5M	-$238.2M	-$297.9M	-$326.4M	-$1.81B	-$185.0M
Net income	-$133.8M	-$269.4M	-$307.5M	-$385.4M	-$1.59B	-$150.5M
Net margin	−9.8%	−25.3%	−30.9%	−32.5%	−17.5%	−14.9%
Diluted EPS	$-0.03	$-0.07	$-0.09	$-0.11	$-0.46	$-0.06
EBITDA	$244.0M	$60.8M	-$72.7M	-$158.6M	-$956.8M	-$68.8M
Operating cash flow	$543.3M	$86.1M	-$23.9M	$27.4M	-$708.9M	-$44.5M
Free cash flow	$543.3M	$86.1M	-$23.9M	$27.4M	-$708.9M	-$285.9M
Diluted shares	4,107.1M	3,658.1M	3,558.4M	3,623.8M	3,441.7M	2,400.9M

Balance sheet

Period end	Dec 31	Dec 31	Dec 31	Dec 31	Dec 31	Dec 31
Cash & equivalents	$860.2M	$362.9M	$318.6M	$3.42B	$661.8M	$524.9M
Short-term investments	$0.00	$12.4M	$0.00	$1.25B	$390.9M	$412.7M
Total debt	$910.7M	$532.4M	$171.1M	$909.5M	$211.6M	$54.1M
Total assets	$3.82B	$2.41B	$2.13B	$17.32B	$3.31B	$1.83B
Total liabilities	$2.49B	$1.66B	$1.11B	$7.73B	$1.50B	$565.4M
Shareholders' equity	$1.33B	$754.2M	$1.02B	$9.58B	$1.80B	$1.26B

From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.

Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology