KC
Kingsoft Cloud Holdings Ltd
NASDAQ: KC · TECHNOLOGY · SOFTWARE - APPLICATION
$14.89
-3.37% today
Updated 2026-04-29
Market cap
$4.46B
P/E ratio
—
P/S ratio
0.47x
EPS (TTM)
$-0.51
Dividend yield
—
52W range
$10 – $18
Volume
1.5M
Kingsoft Cloud Holdings Ltd (KC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $2.30B | $3.95B | $6.22B | $8.94B | $8.32B | $7.05B | $7.79B | $9.30B |
| Revenue growth (YoY) | — | +91.3% | +71.2% | +57.6% | +43.8% | -6.9% | -15.3% | +10.5% | +19.4% |
| Cost of revenue | $1.33B | $2.52B | $3.94B | $5.89B | $8.67B | $8.06B | $6.20B | $6.44B | $7.84B |
| Gross profit | $-122.46M | $-214.06M | $2.31M | $326.35M | $277.22M | $267.39M | $850.17M | $1.34B | $1.46B |
| Gross margin | -10.2% | -9.3% | 0.1% | 5.2% | 3.1% | 3.2% | 12.1% | 17.2% | 15.7% |
| R&D | $389.17M | $457.70M | $593.56M | $732.82M | $1.03B | $988.27M | $784.70M | $857.98M | $788.22M |
| SG&A | $93.65M | $146.85M | $238.65M | $379.89M | $601.70M | $1.15B | $557.84M | $834.85M | $1.12B |
| Operating income | $-708.62M | $-1.02B | $-1.14B | $-1.14B | $-1.79B | $-2.29B | $-2.11B | $-1.74B | $-751.86M |
| Operating margin | -58.8% | -44.2% | -28.9% | -18.4% | -20.0% | -27.5% | -29.9% | -22.3% | -8.1% |
| EBITDA | $-369.98M | $-566.92M | $-491.36M | $-169.99M | $-659.72M | $-1.39B | $-1.08B | $-487.77M | $1.66B |
| EBITDA margin | -30.7% | -24.6% | -12.5% | -2.7% | -7.4% | -16.7% | -15.3% | -6.3% | 17.9% |
| EBIT | $-660.14M | $-995.35M | $-1.09B | $-886.65M | $-1.50B | $-2.57B | $-2.02B | $-1.75B | $-751.86M |
| Interest expense | $35.49M | $40.34M | $4.91M | $8.94M | $51.37M | $140.23M | $146.01M | $232.96M | $484.48M |
| Income tax | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-696.29M | $-1.05B | $-1.11B | $-909.73M | $-1.57B | $-2.70B | $-2.18B | $-1.97B | $-910.74M |
| Net income growth (YoY) | — | -50.2% | -6.0% | +17.9% | -72.4% | -72.5% | +19.6% | +9.6% | +53.7% |
| Profit margin | -57.8% | -45.4% | -28.1% | -14.6% | -17.5% | -32.5% | -30.9% | -25.3% | -9.8% |