Kingsoft Cloud Holdings Limited (KC) — Financial statements
Income statement, balance sheet, and cash flow for Kingsoft Cloud Holdings Limited — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 9,559↑22.8% | 7,785↑10.5% | 7,047↓15.3% | 8,324↓6.9% | 8,943 | |
| Cost of Revenue | 8,055↑25.0% | 6,444↑4.0% | 6,197↓23.1% | 8,056↓7.0% | 8,666 | |
| Gross Profit | 1,503↑12.1% | 1,341↑57.7% | 850↑217.9% | 267↓3.5% | 277 | |
| Operating Expenses | ||||||
| R&D Expenses | 810↓5.6% | 858↑9.3% | 785↓20.6% | 988↓4.1% | 1,030 | |
| General & Administrative Expenses | 1,054 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 62 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 1,117↑30.7% | 854↓1.1% | 864↓45.0% | 1,570↑51.6% | 1,036 | |
| Other Expenses | 104↓92.5% | 1,380↑5.3% | 1,310 | 0.00 | 0.00 | |
| Operating Expenses | 2,031↓34.1% | 3,080↑4.1% | 2,959↑15.6% | 2,558↑23.8% | 2,066 | |
| Total Costs & Expenses | 10,086↑5.9% | 9,524↑4.0% | 9,156↓13.7% | 10,615↓1.1% | 10,732 | |
| Operating Results | ||||||
| Operating Income | -527↑69.7% | -1,739↑17.5% | -2,109↑8.0% | -2,291↓28.1% | -1,789 | |
| Depreciation & Amortization | 2,480↑96.4% | 1,263↑34.3% | 940↓20.2% | 1,178↑39.5% | 845 | |
| EBITDA | 2,031↑516.3% | -488↑54.8% | -1,079↑22.5% | -1,393↓111.1% | -660 | |
| EBIT | -450↑74.3% | -1,751↑13.3% | -2,020↑21.4% | -2,570↓70.9% | -1,504 | |
| Interest & Other Income | ||||||
| Net Interest Income | -406↓97.4% | -206↓204.1% | -68↓16.4% | -58↓395.6% | 20 | |
| Interest Income | 79↑187.2% | 27↓65.1% | 78↓4.6% | 82↑15.7% | 71 | |
| Interest Expense | 484↑108.0% | 233↑59.6% | 146↑4.1% | 140↑173.0% | 51 | |
| Non-Operating Income | -78↓754.2% | 12↑113.3% | -89↓131.8% | 280↑198.2% | -285 | |
| Other Income / Expenses | -421↓74.1% | -242↓322.8% | -57↑86.4% | -420↓279.9% | 233 | |
| Income Before Tax | -948↑52.1% | -1,981↑8.5% | -2,166↑20.1% | -2,711↓74.3% | -1,556 | |
| Income Tax Expense | -4↓175.8% | -2↓108.5% | 18↓27.9% | 25↑60.3% | 16 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -944↑52.3% | -1,979↑9.4% | -2,184↑20.2% | -2,736↓74.1% | -1,571 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -936↑52.4% | -1,967↑9.6% | -2,176↑19.6% | -2,705↓72.5% | -1,568 | |
| Bottom-Line Net Income | -936↑52.4% | -1,967↑9.6% | -2,176↑19.6% | -2,705↓72.5% | -1,568 | |
| EPS (Basic) | -3.30↑59.3% | -8.10↑11.5% | -9.15↑16.4% | -10.95↓58.7% | -6.90 | |
| EPS (Diluted) | -3.30↑59.3% | -8.10↑11.5% | -9.15↑16.4% | -10.95↓58.7% | -6.90 | |
| Weighted Average Shares | 274↑11.7% | 245↑2.8% | 238↓1.8% | 243↑5.3% | 231 | |
| Weighted Average Diluted Shares | 274↑11.7% | 245↑2.8% | 238↓1.8% | 243↑5.3% | 231 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.