Kingsoft Cloud Holdings Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	9,559	7,785	7,047	8,180	9,061
Revenue Growth (YoY)	22.78%	10.47%	-13.85%	-9.72%	37.76%
Cost of Revenue	8,055	6,444	6,197	7,751	8,710
Gross Profit	1,503	1,341	850.17	429.54	351.29
Selling, General & Admin	1,466	1,314	1,520	1,710	1,120
Research & Development	810.3	845.99	784.81	971.22	1,044
Other Operating Expenses	-	919.72	653.67	-	-
Operating Income	-772.91	-1,739	-2,109	-2,251	-1,812
Interest Income	80.86	27.01	78.41	80.74	71.94
Interest Expense	-498.05	-229.71	-146.03	-137.81	-52.04
Other Non-Operating Income (Expense)	233.22	-51.81	10.48	-355.43	216.48
Total Non-Operating Income (Expense)	-183.97	-254.5	-57.14	-412.5	236.38
Pretax Income	-947.9	-1,981	-2,166	-2,664	-1,576
Provision for Income Taxes	4.2	1.52	-17.96	-24.47	-15.74
Net Income	-936.25	-1,967	-2,176	-2,658	-1,589
Minority Interest in Earnings	-7.44	-12.36	-7.31	-30.2	-3.04
Net Income to Common	-936.25	-1,967	-2,176	-2,658	-1,589
Shares Outstanding (Basic)	274	244	237	242	229
Shares Outstanding (Diluted)	274	244	237	242	229
Shares Change (YoY)	12.27%	2.80%	-1.81%	5.29%	43.35%
EPS (Basic)	-3.45	-8.10	-9.15	-10.95	-6.90
EPS (Diluted)	-3.45	-8.10	-9.15	-10.95	-6.90
Shares Outstanding	298.66	245.85	237.47	233.89	243.09
Free Cash Flow	-941.34	-3,044	-2,128	-1,230	-1,432
Free Cash Flow Per Share	-3.44	-12.48	-8.97	-5.09	-6.24
Gross Margin	15.73%	17.22%	12.06%	5.25%	3.88%
Operating Margin	-8.09%	-22.34%	-29.92%	-27.52%	-20.00%
Profit Margin	-9.87%	-25.42%	-30.98%	-32.86%	-17.57%
FCF Margin	-9.85%	-39.10%	-30.19%	-15.03%	-15.81%
EBITDA	1,707	-475.92	-1,168	-1,094	-956.79
EBITDA Margin	17.86%	-6.11%	-16.57%	-13.37%	-10.56%
EBIT	-772.91	-1,739	-2,109	-2,251	-1,812
EBIT Margin	-8.09%	-22.34%	-29.92%	-27.52%	-20.00%
Effective Tax Rate	-0.44%	-0.08%	0.83%	0.92%	1.00%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.