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MARKETS / BALCAO / RAASY
BALCAO · SERVICES-PREPACKAGED SOFTWARE · SMALL CAP

Cloopen Group Holding Ltd. RAASY

8 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 535.7M
▼ 6.6% YoY
CNY -239.3M
CNY -231.8M
In brief

What this company does

The company provides cloud-based communications solutions to enterprises in China across three offerings: communications platform as a service (CPaaS), cloud-based contact centers (cloud-based CC), and cloud-based unified communications and collaborations (cloud-based UC&C). The company aggregates telecommunications resources from mobile network operators and offers its CPaaS platform with modules in the form of APIs and SDKs that embed voice, messaging and other communications functions into customers' business systems and applications. The company's cloud-based CC solutions include RongCC and 7moor Cloud. The company's cloud-based UC&C solutions consist primarily of RongVideo, used for intra-organizational communications and collaboration through instant messaging and video conferencing. As of December 31, 2025, the company had an active customer base of 6,151 enterprises, of which 102 were large-enterprise customers. The company's revenues decreased by 6.6% to RMB535.7 million (US$76.6 million) in 2025. The company maintains research and development centers in Beijing, where its headquarters is located, and in Wuhan, China, and had a research and development team of 234 members as of December 31, 2025, accounting for 23.2% of its total employees.

Written from the business description in Cloopen Group Holding Ltd's annual report to the U.S. Securities and Exchange Commission, filed 8 May 2026. Every sentence was checked against that document before publication.

Growth
CNY 535.7M
Revenue, FY2025 · full 8-year series below
Revenue CNY M Net income CNY M
FY2025 · Revenue 535.7 · Net income -239.3
400M-400M-800M20182019202020212022202320242025
Compound annual growth
−3.4%
−5.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −5.8% 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
−45 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -45.9% · Net -44.6%
-50%-100%-150%20182019202020212022202320242025
ROE
FY2025 · ROE -25.0%
-20%-40%20182019202020212022202320242025

Each CNY of equity lost 25 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF -231.8
-200M-400M20182019202020212022202320242025
Net buybacks CNY M Dividends CNY M
FY2022 · Dividends — · Net buybacks 39.3
20M2022

Total assetsCNY 1.4B
EquityCNY 841.4M
CashCNY 324.1M
Current ratio2.29×

Equity funds 61% of total assets.

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 B0.50.60.60.60.80.70.60.5
Operating income CNY B−0.2−0.2−0.4−1.0−0.9−0.4−0.2−0.2
EBITDA CNY B−0.2−0.2−0.4−1.0−0.9−0.4−0.2−0.2
Income tax CNY B−0.0−0.0−0.0−0.00.00.00.00.0
Net income CNY B−0.2−0.1−0.4−1.0−0.9−0.4−0.2−0.3
Free cash flow CNY B−0.2−0.2−0.5−0.6−0.2−0.2−0.2−0.2
EPS, diluted CNY −0.74−0.44−1.27−3.03−19.62−18.55−2.68−2.88
Dividend / sh CNY ········
Payout %········
ROE %−25.0−12.5−29.6−50.4····
Shares out B·······0.06

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

Compare

This company against its peers

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 onOTC market
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2017

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