Cheetah Mobile 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	1,150	806.88	669.5	884.07	784.62
Revenue Growth (YoY)	42.58%	20.52%	-24.27%	12.68%	-49.47%
Cost of Revenue	316.41	261.68	231.94	252.56	257.66
Gross Profit	834.03	545.2	437.56	631.51	526.96
Selling, General & Admin	629.26	586.81	472.06	691.19	562.14
Research & Development	346.15	243.39	178.21	180.96	211.59
Other Operating Expenses	38.07	152.25	-2.87	-15.05	-17.21
Total Operating Expenses	1,013	982.45	647.4	857.1	756.53
Operating Income	-179.44	-437.26	-209.84	-225.59	-229.57
Interest Income	30.63	44.42	60.98	35.71	25.39
Other Non-Operating Income (Expense)	-77.87	-161.5	-488.79	-355.9	-135.39
Total Non-Operating Income (Expense)	-47.24	-117.07	-427.81	-320.19	-110
Pretax Income	-226.68	-554.33	-637.65	-545.78	-339.57
Provision for Income Taxes	8.47	47.26	-43.78	-25.09	13.63
Net Income	-257.71	-617.56	-602.9	-513.48	-351.13
Minority Interest in Earnings	22.56	15.97	9.03	-7.22	-2.08
Net Income to Common	-257.71	-617.56	-602.9	-513.48	-351.13
Shares Outstanding (Basic)	31	30	29	29	29
Shares Outstanding (Diluted)	31	30	29	29	29
Shares Change (YoY)	2.02%	2.07%	2.00%	0.95%	0.63%
EPS (Basic)	-8.77	-20.80	-20.48	-18.09	-12.35
EPS (Diluted)	-8.82	-20.81	-20.50	-18.09	-12.35
Shares Outstanding	31.04	30.32	1,494	1,449	1,433
Free Cash Flow	-185.1	-261.15	540.78	-431.03	55.99
Free Cash Flow Per Share	-6.04	-8.69	18.36	-14.93	1.96
Gross Margin	72.50%	67.57%	65.36%	71.43%	67.16%
Operating Margin	-15.60%	-54.19%	-31.34%	-25.52%	-29.26%
Profit Margin	-20.44%	-74.56%	-88.70%	-58.90%	-45.02%
FCF Margin	-16.09%	-32.37%	80.77%	-48.76%	7.14%
EBITDA	-32.21	-385.8	-174.58	-172.57	-178.75
EBITDA Margin	-2.80%	-47.81%	-26.08%	-19.52%	-22.78%
EBIT	-179.44	-437.26	-209.84	-225.59	-229.57
EBIT Margin	-15.60%	-54.19%	-31.34%	-25.52%	-29.26%
Effective Tax Rate	-3.74%	-8.53%	6.87%	4.60%	-4.01%

Updated Mar 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q