Cheetah Mobile Inc. (CMCM)

NYSE: CMCM · Real-Time Price · USD

2.700

+0.100 (3.85%)

At close: Oct 1, 2026, 4:00 PM

2.630

-0.070 (-2.59%)

After-hours: Oct 2, 2026, 8:45 AM EDT

Cheetah Mobile Financials Overview

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

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	1,121	1,150	806.88	669.5	884.07	784.62
Revenue Growth	14.03%	42.58%	20.52%	-24.27%	12.68%	-49.47%
Gross Profit	754.93	834.03	545.2	437.56	631.51	526.96
Operating Income	-162.17	-137.88	-284.37	-209.43	-225.59	-229.57
Net Income	-325.44	-269.05	-625.4	-602.79	-504.76	-353.14
Earnings Per Share	-10.51	-8.82	-20.81	-20.50	-18.10	-12.35
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Internet Services	564.13	615.28	517.19	450.13	697.39	653.76
AI and Others	-	535.16	289.69	219.37	186.68	130.86
Total	1,121	1,150	806.88	669.5	884.07	784.62

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Cash & Investments	1,271	1,516	1,833	2,021	1,672	1,847
Total Debt	2.9	64.94	25.61	35.99	41.47	48.13
Net Cash (Debt)	1,269	1,451	1,808	1,985	1,631	1,799
Net Cash Growth	-37.20%	-19.72%	-8.94%	21.75%	-9.35%	9.56%
Net Cash Per Share	40.88	47.32	60.14	67.40	56.47	62.89

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Operating Cash Flow	-	-172.26	-238.32	550.46	-424.25	102.81
Capital Expenditures	-	-12.85	-22.83	-9.68	-6.78	-46.82
Free Cash Flow	-	-185.1	-261.15	540.78	-431.03	55.99
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Gross Margin	67.32%	72.50%	67.57%	65.36%	71.43%	67.16%
Operating Margin	-14.46%	-11.98%	-35.24%	-31.28%	-25.52%	-29.26%
Pretax Margin	-24.39%	-19.70%	-68.70%	-95.24%	-61.74%	-43.28%
Profit Margin	-29.02%	-23.39%	-77.51%	-90.04%	-57.09%	-45.01%
FCF Margin	-	-16.09%	-32.37%	80.77%	-48.76%	7.14%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 4, 2026	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
Forward PE	-	7.93	7.93	7.93	7.93	7.93
P/FCF Ratio	-	-	-	0.87	-	21.89
PS Ratio	0.51	1.11	1.24	0.70	0.41	1.56