Kingsoft Cloud Holdings Limited (KC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2025, filed Apr 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KC SEC filings page.
Kingsoft Cloud Holdings Limited (KC) reported $1.4B in revenue for fiscal year 2025, up 28.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Kingsoft Cloud's recovery is visible in margins and cash generation, but investment remains supported partly by financing inflows.
Operating cash flow reached$544M despite a net loss of$134M , so reported earnings materially understate cash generated in FY2025. Depreciation and amortization of$355M was a major bridge, meaning that cash strength reflects substantial noncash expense rather than accounting profitability.
Gross margin rose from
Current ratio reached 1.2x in FY2025 while total liabilities rose to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Kingsoft Cloud Holdings Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Kingsoft Cloud Holdings Limited has an operating margin of -8.1%, meaning the company loses $8 on every $100 of revenue. This results in a profitability score of 28/100. This is up from -22.3% the prior year.
Kingsoft Cloud Holdings Limited's revenue surged 28.2% year-over-year to $1.4B, reflecting rapid business expansion. This strong growth earns a score of 79/100.
Kingsoft Cloud Holdings Limited 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 97/100, indicating a strong balance sheet with room for future borrowing.
Kingsoft Cloud Holdings Limited's current ratio of 1.17 is below the typical benchmark, resulting in a score of 27/100. However, the company holds substantial cash reserves (64% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Not available for Kingsoft Cloud Holdings Limited, and counted as zero in the overall score.
Kingsoft Cloud Holdings Limited posts a -10.1% return on equity (ROE), meaning it loses $10 for every $100 of shareholders' equity. This results in a returns score of 28/100. This is up from -38.0% the prior year.
Kingsoft Cloud Holdings Limited scores 0.17, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.6B) relative to total liabilities ($2.5B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Kingsoft Cloud Holdings Limited passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Kingsoft Cloud Holdings Limited reported a net loss of $133.9M while generating $543.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Kingsoft Cloud Holdings Limited reported an operating loss of $110.5M against $71.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Kingsoft Cloud Holdings Limited held $860.6M in cash against $432.4M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
KC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, Diluted Shares (Avg).
KC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q4'2410-K | Q4'2310-K | Q4'2210-K | Q3'2210-Q | Q2'2210-Q | Q4'2110-K | Q4'2010-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.8B+58.6% | $2.4B+13.5% | $2.1B-15.5% | $2.5B-24.1% | $2.6B | $2.8B | $3.3B+80.9% | $1.8B |
| Current Assets | $1.6B+68.2% | $937.2M+9.1% | $858.9M-34.5% | $1.3B-32.6% | $1.4B | $1.5B | $1.9B+33.2% | $1.5B |
| Cash & Equivalents | $860.6M+137.2% | $362.9M+14.2% | $317.7M-35.9% | $495.7M-25.1% | $444.7M | $407.9M | $661.8M+26.1% | $524.9M |
| Short-Term Investments | $0-100.0% | $12.4M | $0-100.0% | $181.8M-53.5% | $304.4M | $391.1M | $390.9M-5.3% | $412.7M |
| Accounts Receivable | $248.9M+23.7% | $201.2M-6.6% | $215.5M-38.1% | $348.3M-37.8% | $360.9M | $428.9M | $560.4M+56.6% | $357.8M |
| Long-Term Investments | $33.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $658.6M+4.4% | $631.0M-2.7% | $648.7M-2.9% | $667.8M-8.0% | $647.5M | $687.6M | $725.8M | N/A |
| Total Liabilities | $2.5B+50.4% | $1.7B+50.3% | $1.1B-1.7% | $1.1B-25.5% | $1.2B | $1.2B | $1.5B+166.0% | $565.4M |
| Current Liabilities | $1.3B+7.4% | $1.3B+30.5% | $961.8M-0.4% | $965.4M-18.1% | $1.0B | $1.1B | $1.2B+122.1% | $531.1M |
| Non-Current Liabilities | $1.1B+185.0% | $401.1M+186.0% | $140.3M-9.9% | $155.7M-52.1% | $145.2M | $133.1M | $324.8M+847.9% | $34.3M |
| Long-Term Debt | $432.4M+90.0% | $227.5M-24.1% | $299.6M+19.8% | $250.0M | N/A | N/A | N/A | N/A |
| Total Equity | $1.3B+88.2% | $708.0M-27.0% | $970.5M-23.9% | $1.3B-23.3% | $1.3B | $1.5B | $1.7B+31.8% | $1.3B |
| Retained Earnings | -$2.2B-11.4% | -$2.0B-12.9% | -$1.7B-18.4% | -$1.5B-25.1% | -$1.4B | -$1.3B | -$1.2B-30.2% | -$898.8M |
Not reported in any period shown, so not listed: Inventory.
KC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q4'2410-K | Q4'2310-K | Q4'2210-K | Q3'2210-Q | Q2'2210-Q | Q4'2110-K | Q4'2010-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | $52.9M | $16.6M | N/A | N/A | N/A |
| Depreciation & Amortization | N/A | N/A | N/A | $45.2M | $36.2M | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | $126.5M | $56.5M | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | -$118.5M | -$16.5M | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | $18.9M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid.
KC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Kingsoft Cloud Holdings Limited KC | FY2025 | $1.4B | -$133.9M | -9.8% | $2.6B | 43/100 |
| SPS Commerce, Inc. SPSC | FY2025 | $751.5M | $93.3M | 12.4% | $3.1B | 78/100 |
| Vertex, Inc. VERX | FY2025 | $748.4M | $7.2M | 1.0% | $2.1B | 49/100 |
| SoundHound AI, Inc. SOUN | FY2025 | $168.9M | -$14K | 0.0% | $2.0B | 52/100 |
| Q2 Holdings Inc QTWO | FY2025 | $794.8M | $52.0M | 6.5% | $3.7B | 48/100 |
| Workiva Inc. WK | FY2025 | $884.6M | -$26.2M | -3.0% | $4.0B | 44/100 |
Where Kingsoft Cloud Holdings Limited Ranks
Frequently Asked Questions
What is Kingsoft Cloud Holdings Limited's annual revenue?
Kingsoft Cloud Holdings Limited (KC) reported $1.4B in total revenue for fiscal year 2025. This represents a 28.2% 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 Limited's revenue growing?
Kingsoft Cloud Holdings Limited (KC) revenue grew by 28.2% year-over-year, from $1.1B to $1.4B in fiscal year 2025.
Is Kingsoft Cloud Holdings Limited profitable?
No, Kingsoft Cloud Holdings Limited (KC) reported a net income of -$133.9M in fiscal year 2025, with a net profit margin of -9.8%.
What is Kingsoft Cloud Holdings Limited's EBITDA?
Kingsoft Cloud Holdings Limited (KC) had EBITDA of $244.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Kingsoft Cloud Holdings Limited have?
As of fiscal year 2025, Kingsoft Cloud Holdings Limited (KC) had $860.6M in cash and equivalents against $432.4M in long-term debt.
What is Kingsoft Cloud Holdings Limited's gross margin?
Kingsoft Cloud Holdings Limited (KC) had a gross margin of 15.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Kingsoft Cloud Holdings Limited's operating margin?
Kingsoft Cloud Holdings Limited (KC) had an operating margin of -8.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Kingsoft Cloud Holdings Limited's net profit margin?
Kingsoft Cloud Holdings Limited (KC) had a net profit margin of -9.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Kingsoft Cloud Holdings Limited's return on equity (ROE)?
Kingsoft Cloud Holdings Limited (KC) has a return on equity of -10.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Kingsoft Cloud Holdings Limited's operating cash flow?
Kingsoft Cloud Holdings Limited (KC) generated $543.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Kingsoft Cloud Holdings Limited's total assets?
Kingsoft Cloud Holdings Limited (KC) had $3.8B in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Kingsoft Cloud Holdings Limited spend on research and development?
Kingsoft Cloud Holdings Limited (KC) invested $115.9M in research and development during fiscal year 2025.
What is Kingsoft Cloud Holdings Limited's current ratio?
Kingsoft Cloud Holdings Limited (KC) had a current ratio of 1.17 as of fiscal year 2025, which is considered adequate.
What is Kingsoft Cloud Holdings Limited's debt-to-equity ratio?
Kingsoft Cloud Holdings Limited (KC) had a debt-to-equity ratio of 0.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kingsoft Cloud Holdings Limited's return on assets (ROA)?
Kingsoft Cloud Holdings Limited (KC) had a return on assets of -3.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Kingsoft Cloud Holdings Limited's P/E ratio?
Kingsoft Cloud Holdings Limited (KC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $2.6B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Kingsoft Cloud Holdings Limited's price-to-sales ratio?
Kingsoft Cloud Holdings Limited (KC) trades at 1.9x sales, its market capitalization divided by revenue of $1.4B revenue, FY2025. The market capitalization is $2.6B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Kingsoft Cloud Holdings Limited's Altman Z-Score?
Kingsoft Cloud Holdings Limited (KC) has an Altman Z-Score of 0.17, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Kingsoft Cloud Holdings Limited's Piotroski F-Score?
Kingsoft Cloud Holdings Limited (KC) has a Piotroski F-Score of 4 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kingsoft Cloud Holdings Limited's earnings high quality?
Kingsoft Cloud Holdings Limited (KC) reported a net loss of $133.9M while generating $543.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 Limited cover its interest payments?
Kingsoft Cloud Holdings Limited (KC) reported an operating loss of $110.5M against $71.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Limited?
Kingsoft Cloud Holdings Limited (KC) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.