Kingsoft Cloud Holdings Ltd Financials

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

Financial Health Signals

Financial Profile 40/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Kingsoft Cloud Holdings Ltd has an operating margin of -22.3%, meaning the company retains $-22 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -29.9% the prior year.

Growth

Kingsoft Cloud Holdings Ltd's revenue grew 7.5% year-over-year to $1.1B, a solid pace of expansion. This earns a growth score of 50/100.

Leverage

Kingsoft Cloud Holdings Ltd carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Kingsoft Cloud Holdings Ltd's current ratio of 0.75 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 10/100, which could limit financial flexibility.

Piotroski F-Score Neutral

6/9

Kingsoft Cloud Holdings Ltd passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.32x

For every $1 of reported earnings, Kingsoft Cloud Holdings Ltd generates $-0.32 in operating cash flow ($86.1M OCF vs -$269.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-7.6x

Kingsoft Cloud Holdings Ltd earns $-7.6 in operating income for every $1 of interest expense (-$238.2M vs $31.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Kingsoft Cloud Holdings Ltd (KC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$1.1B

YoY+7.5%

Kingsoft Cloud Holdings Ltd generated $1.1B in revenue in fiscal year 2024. This represents an increase of 7.5% from the prior year.

EBITDA

-$65.2M

YoY+60.4%

Kingsoft Cloud Holdings Ltd's EBITDA was -$65.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 60.4% from the prior year.

Free Cash Flow

N/A

Net Income

-$269.4M

YoY+12.1%

Kingsoft Cloud Holdings Ltd reported -$269.4M in net income in fiscal year 2024. This represents an increase of 12.1% from the prior year.

EPS (Diluted)

$-0.07

YoY+22.2%

Kingsoft Cloud Holdings Ltd earned $-0.07 per diluted share (EPS) in fiscal year 2024. This represents an increase of 22.2% from the prior year.

Cash & Debt

$362.9M

YoY+14.2%

Kingsoft Cloud Holdings Ltd held $362.9M in cash against $227.5M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

3.81B

YoY+0.0%

Kingsoft Cloud Holdings Ltd had 3.81B shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Gross Margin

17.2%

YoY+5.2pp

Kingsoft Cloud Holdings Ltd's gross margin was 17.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 5.2 percentage points from the prior year.

Operating Margin

-22.3%

YoY+7.6pp

Kingsoft Cloud Holdings Ltd's operating margin was -22.3% in fiscal year 2024, reflecting core business profitability. This is up 7.6 percentage points from the prior year.

Net Margin

-25.3%

YoY+5.6pp

Kingsoft Cloud Holdings Ltd's net profit margin was -25.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 5.6 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$115.9M

YoY+4.9%

Kingsoft Cloud Holdings Ltd invested $115.9M in research and development in fiscal year 2024. This represents an increase of 4.9% from the prior year.

Share Buybacks

Kingsoft Cloud Holdings Ltd spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

KC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20
Revenue	$1.1B+7.5%	$992.6M-16.3%	$1.2B-16.6%	$1.4B+41.1%	$1.0B
Cost of Revenue	$882.9M+1.1%	$872.9M-22.3%	$1.1B-17.8%	$1.4B+43.4%	$953.3M
Gross Profit	$183.7M+53.4%	$119.7M+92.3%	$62.3M+13.0%	$55.1M+0.8%	$54.7M
R&D Expenses	$115.9M+4.9%	$110.5M-21.5%	$140.8M-14.0%	$163.8M+37.9%	$118.8M
SG&A Expenses	$114.4M-23.4%	$149.3M-10.4%	$166.7M+76.5%	$94.4M+62.2%	$58.2M
Operating Income	-$238.2M+19.8%	-$297.0M+9.0%	-$326.4M-14.8%	-$284.4M-53.7%	-$185.0M
Interest Expense	$31.5M+53.0%	$20.6M+2.9%	$20.0M+144.7%	$8.2M+463.6%	$1.4M
Income Tax	-$209K-108.3%	$2.5M-28.7%	$3.5M+43.6%	$2.5M+8.1%	$2.3M
Net Income	-$269.4M+12.1%	-$306.5M+20.5%	-$385.4M-54.6%	-$249.3M-69.1%	-$147.5M
EPS (Diluted)	$-0.07+22.2%	$-0.09+18.2%	$-0.11	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A

KC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.4B+13.5%	$2.1B-15.5%	$2.5B-24.1%	$3.3B+80.9%	$1.8B
Current Assets	$937.2M+9.1%	$858.9M-34.5%	$1.3B-32.6%	$1.9B+33.2%	$1.5B
Cash & Equivalents	$362.9M+14.2%	$317.7M-35.9%	$495.7M-25.1%	$661.8M+26.1%	$524.9M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$201.2M-6.6%	$215.5M-38.1%	$348.3M-37.8%	$560.4M+56.6%	$357.8M
Goodwill	$631.0M-2.7%	$648.7M-2.9%	$667.8M-8.0%	$725.8M	N/A
Total Liabilities	$1.7B+50.3%	$1.1B-1.7%	$1.1B-25.5%	$1.5B+166.0%	$565.4M
Current Liabilities	$1.3B+30.5%	$961.8M-0.4%	$965.4M-18.1%	$1.2B+122.1%	$531.1M
Long-Term Debt	$227.5M-24.1%	$299.6M+19.8%	$250.0M	N/A	N/A
Total Equity	$708.0M-27.0%	$970.5M-23.9%	$1.3B-23.3%	$1.7B+31.8%	$1.3B
Retained Earnings	-$2.0B-12.9%	-$1.7B-18.4%	-$1.5B-25.1%	-$1.2B-30.2%	-$898.8M

Metric	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20
Total Assets	$2.4B+13.5%	$2.1B-15.5%	$2.5B-3.7%	$2.6B-8.1%	$2.8B-14.2%	$3.3B+80.9%	$1.8B
Current Assets	$937.2M+9.1%	$858.9M-34.5%	$1.3B-7.0%	$1.4B-8.4%	$1.5B-20.9%	$1.9B+33.2%	$1.5B
Cash & Equivalents	$362.9M+14.2%	$317.7M-35.9%	$495.7M+11.5%	$444.7M+9.0%	$407.9M-38.4%	$661.8M+26.1%	$524.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$201.2M-6.6%	$215.5M-38.1%	$348.3M-3.5%	$360.9M-15.9%	$428.9M-23.5%	$560.4M+56.6%	$357.8M
Goodwill	$631.0M-2.7%	$648.7M-2.9%	$667.8M+3.1%	$647.5M-5.8%	$687.6M-5.3%	$725.8M	N/A
Total Liabilities	$1.7B+50.3%	$1.1B-1.7%	$1.1B-3.1%	$1.2B-6.4%	$1.2B-17.8%	$1.5B+166.0%	$565.4M
Current Liabilities	$1.3B+30.5%	$961.8M-0.4%	$965.4M-4.6%	$1.0B-8.3%	$1.1B-6.4%	$1.2B+122.1%	$531.1M
Long-Term Debt	$227.5M-24.1%	$299.6M+19.8%	$250.0M	N/A	N/A	N/A	N/A
Total Equity	$708.0M-27.0%	$970.5M-23.9%	$1.3B-3.9%	$1.3B-9.6%	$1.5B-11.7%	$1.7B+31.8%	$1.3B
Retained Earnings	-$2.0B-12.9%	-$1.7B-18.4%	-$1.5B-8.4%	-$1.4B-2.6%	-$1.3B-12.4%	-$1.2B-30.2%	-$898.8M

KC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$86.1M+461.5%	-$23.8M-186.9%	$27.4M+124.6%	-$111.2M-149.9%	-$44.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$496.0M-423.1%	-$94.8M-1889.8%	-$4.8M+92.8%	-$66.2M+90.0%	-$661.2M
Financing Cash Flow	$446.0M+1489.7%	-$32.1M+80.8%	-$167.0M-148.1%	$347.2M-63.0%	$938.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	N/A	$30.2M	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	$52.9M+217.8%	$16.6M	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	$126.5M+124.0%	$56.5M	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	-$118.5M-618.1%	-$16.5M	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$18.9M	N/A	N/A	N/A	N/A

KC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
Gross Margin	17.2%+5.2pp	12.1%+6.8pp	5.3%+1.4pp	3.9%-1.6pp	5.4%
Operating Margin	-22.3%+7.6pp	-29.9%-2.4pp	-27.5%-7.5pp	-20.0%-1.7pp	-18.4%
Net Margin	-25.3%+5.6pp	-30.9%+1.6pp	-32.5%-15.0pp	-17.5%-2.9pp	-14.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	-11.2%+3.3pp	-14.4%+0.9pp	-15.3%-7.8pp	-7.5%+0.5pp	-8.1%
Current Ratio	0.75-0.1	0.89-0.5	1.36-0.3	1.65-1.1	2.75
Debt-to-Equity	0.32+0.0	0.31+0.1	0.20-0.7	0.90+0.5	0.45
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.75-0.1	0.89-0.5	1.36-0.0	1.390.0	1.40-0.3	1.65-1.1	2.75
Debt-to-Equity	0.32+0.0	0.31+0.1	0.20-0.7	0.87+0.0	0.84-0.1	0.90+0.5	0.45
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.75), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Kingsoft Cloud Holdings Ltd's annual revenue?

Kingsoft Cloud Holdings Ltd (KC) reported $1.1B in total revenue for fiscal year 2024. This represents a 7.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Kingsoft Cloud Holdings Ltd's revenue growing?

Kingsoft Cloud Holdings Ltd (KC) revenue grew by 7.5% year-over-year, from $992.6M to $1.1B in fiscal year 2024.

Is Kingsoft Cloud Holdings Ltd profitable?

No, Kingsoft Cloud Holdings Ltd (KC) reported a net income of -$269.4M in fiscal year 2024, with a net profit margin of -25.3%.

What is Kingsoft Cloud Holdings Ltd's earnings per share (EPS)?

Kingsoft Cloud Holdings Ltd (KC) reported diluted earnings per share of $-0.07 for fiscal year 2024. This represents a 22.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Kingsoft Cloud Holdings Ltd's EBITDA?

Kingsoft Cloud Holdings Ltd (KC) had EBITDA of -$65.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Kingsoft Cloud Holdings Ltd have?

As of fiscal year 2024, Kingsoft Cloud Holdings Ltd (KC) had $362.9M in cash and equivalents against $227.5M in long-term debt.

What is Kingsoft Cloud Holdings Ltd's gross margin?

Kingsoft Cloud Holdings Ltd (KC) had a gross margin of 17.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Kingsoft Cloud Holdings Ltd's operating margin?

Kingsoft Cloud Holdings Ltd (KC) had an operating margin of -22.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Kingsoft Cloud Holdings Ltd's net profit margin?

Kingsoft Cloud Holdings Ltd (KC) had a net profit margin of -25.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Kingsoft Cloud Holdings Ltd's operating cash flow?

Kingsoft Cloud Holdings Ltd (KC) generated $86.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Kingsoft Cloud Holdings Ltd's total assets?

Kingsoft Cloud Holdings Ltd (KC) had $2.4B in total assets as of fiscal year 2024, including both current and long-term assets.

How much does Kingsoft Cloud Holdings Ltd spend on research and development?

Kingsoft Cloud Holdings Ltd (KC) invested $115.9M in research and development during fiscal year 2024.

How many shares does Kingsoft Cloud Holdings Ltd have outstanding?

Kingsoft Cloud Holdings Ltd (KC) had 3.81B shares outstanding as of fiscal year 2024.

What is Kingsoft Cloud Holdings Ltd's current ratio?

Kingsoft Cloud Holdings Ltd (KC) had a current ratio of 0.75 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Kingsoft Cloud Holdings Ltd's debt-to-equity ratio?

Kingsoft Cloud Holdings Ltd (KC) had a debt-to-equity ratio of 0.32 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Kingsoft Cloud Holdings Ltd's return on assets (ROA)?

Kingsoft Cloud Holdings Ltd (KC) had a return on assets of -11.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Kingsoft Cloud Holdings Ltd's Piotroski F-Score?

Kingsoft Cloud Holdings Ltd (KC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Kingsoft Cloud Holdings Ltd's earnings high quality?

Kingsoft Cloud Holdings Ltd (KC) has an earnings quality ratio of -0.32x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Kingsoft Cloud Holdings Ltd cover its interest payments?

Kingsoft Cloud Holdings Ltd (KC) has an interest coverage ratio of -7.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Kingsoft Cloud Holdings Ltd?

Kingsoft Cloud Holdings Ltd (KC) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.