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NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Kingsoft Cloud Holdings Ltd. KC

8 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 9.6B
▲ 22.8% YoY
CNY -936.3M
In brief

What this company does

Kingsoft Cloud offers various cloud services to customers in strategically selected verticals. It provides cloud products consisting primarily of unified IaaS infrastructure, PaaS middleware, certain SaaS applications and AI solutions, supporting a range of use cases for its customers' business objectives. The public cloud products it offers include elastic computing, cloud storage, cloud network, cloud databases, big data and the Starflow (Xingliu) Platform, a platform for training, inference, model service and agent service. As of December 31, 2025, the company had approximately 101,500 servers and exabyte-level storage capacity. In 2023, 2024 and 2025, it had a total of 486, 492 and 473 Premium Customers, respectively. Its revenue increased by 10.5% from RMB7,047.5 million in 2023 to RMB7,785.2 million in 2024, and further increased by 22.8% to RMB9,558.6 million (US$1,366.9 million) in 2025.

Written from the business description in Kingsoft Cloud Holdings Ltd's annual report to the U.S. Securities and Exchange Commission, filed 23 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 9.6B
Revenue, FY2025 · full 8-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 9.6 · Net income -0.9
4B8B-1B-2B20182019202020212022202320242025
Compound annual growth
+5.3%
+7.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−10 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -8.1% · Net -9.9%
-20%-40%20182019202020212022202320242025
ROE
FY2025 · ROE -12.9%
-20%-40%20182019202020212022202320242025

Each CNY of equity lost 13 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Net buybacks CNY M Dividends CNY M
FY2024 · Dividends — · Net buybacks 0.0
80M160M202220232024

Total assetsCNY 26.7B
EquityCNY 9.3B
CashCNY 6.0B
Gross debtCNY 6.4B
Net debtCNY 353.8M
Current ratio1.17×

Net debt stands at 4% of equity.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue CNY B9.67.87.08.29.16.64.02.2
Operating income CNY B−0.8−1.7−2.1−2.3−1.8−1.2−1.1−1.0
EBITDA CNY B1.7−0.5−1.2−1.1−1.0−0.4−0.5−0.6
Income tax CNY B−0.0−0.00.00.00.00.00.00.0
Net income CNY B−0.9−2.0−2.2−2.7−1.6−1.0−1.1−1.0
EPS, diluted CNY −0.23−0.54−0.61−0.73−0.46−0.41−1.31−2.20
Dividend / sh CNY ········
Payout %········
ROE %−12.9−32.6−27.7−27.4−16.9−47.6··
Shares out B3.694.483.563.513.653.340.89·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 57 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2018

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