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

Kingsoft Cloud Holdings Ltd (KCLHF) reported diluted earnings per share of -$0.03 for fiscal year 2025. This represents a 57.1% 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.

Kingsoft Cloud Holdings Ltd (KCLHF) Financials

KCLHF

FY2025 annual

Revenue $1.4B +28.2% YoY

Net Income -$133.9M +50.3% YoY

EPS (Diluted) -$0.03 +57.1% YoY

Operating Cash Flow $543.5M +531.3% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Apr 23, 2026 Currency USD FYE December

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 KCLHF SEC filings page.

Kingsoft Cloud Holdings Ltd (KCLHF) 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).

Rhea AI KCLHF FY2025 2026-08-30

Scale returned in FY2025, but cash generation outpaced reported earnings while investment and financing rebuilt a more liquid balance sheet.

FY2025 combined a net loss of -$133.9M with operating cash flow of $543.5M; the wide gap points to substantial non-cash charges and cash timing rather than earnings funding operations. Depreciation and amortization reached $354.7M against EBITDA of $244.2M, so operating economics improved while asset-related charges still kept bottom-line earnings negative.

The business is showing operating leverage: revenue increased to $1.4B in FY2025 from $1.1B in FY2024, while operating margin improved to -8.1% from -22.3%. Gross margin nevertheless slipped to 15.7% from 17.2%, indicating the improvement came mainly from cost absorption or discipline rather than richer unit economics.

Although operating cash flow was positive, investing used $647.7M while financing supplied $598.2M, implying internally generated cash did not fund the investment program alone. The current ratio recovered to 1.2x from 0.7x, while liabilities rose to $2.5B from $1.7B; short-term liquidity improved alongside a larger obligation base.

Financial Health Signals

Financial health score not available

Kingsoft Cloud Holdings Ltd does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

0.68

Kingsoft Cloud Holdings Ltd scores 0.68, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($4.8B) 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.

Piotroski F-Score Neutral

4/9

Kingsoft Cloud Holdings Ltd 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.

Earnings Quality Mixed

N/A

Kingsoft Cloud Holdings Ltd 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.

Interest Coverage At Risk

N/A

Kingsoft Cloud Holdings Ltd 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

Export CSV

Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$860.6M

YoY+137.2%

QoQ+137.2%

Kingsoft Cloud Holdings Ltd held $860.6M in cash against $432.4M in long-term debt as of Q4 2025.

Shares Outstanding

4.48B

YoY+17.7%

QoQ+17.7%

Kingsoft Cloud Holdings Ltd had 4.48B shares outstanding in Q4 2025. This represents an increase of 17.7% from the same quarter a year earlier. Against the prior quarter it is up 17.7%.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

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.

KCLHF 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.

KCLHF quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Revenue	$1.4B+28.2%	$1.1B+7.5%	$992.6M-16.3%	$1.2B-16.6%	$1.4B+41.1%	$1.0B
Cost of Revenue	$1.2B+30.5%	$882.9M+1.1%	$872.9M-22.3%	$1.1B-17.8%	$1.4B+43.4%	$953.3M
Gross Profit	$215.0M+17.0%	$183.7M+53.4%	$119.7M+92.3%	$62.3M+13.0%	$55.1M+0.8%	$54.7M
R&D Expenses	$115.9M0.0%	$115.9M+4.9%	$110.5M-21.5%	$140.8M-14.0%	$163.8M+37.9%	$118.8M
SG&A Expenses	$130.8M+14.4%	$114.4M-23.4%	$149.3M-10.4%	$166.7M+76.5%	$94.4M+62.2%	$58.2M
Operating Income	-$110.5M+53.6%	-$238.2M+19.8%	-$297.0M+9.0%	-$326.4M-14.8%	-$284.4M-53.7%	-$185.0M
EBITDA	$244.2M+474.5%	-$65.2M+60.4%	-$164.5M-3.7%	-$158.6M-5.6%	-$150.1M-118.1%	-$68.8M
Interest Expense	$71.2M+126.3%	$31.5M+53.0%	$20.6M+2.9%	$20.0M+144.7%	$8.2M+463.6%	$1.4M
Income Tax	-$601K-187.6%	-$209K-108.3%	$2.5M-28.7%	$3.5M+43.6%	$2.5M+8.1%	$2.3M
Net Income	-$133.9M+50.3%	-$269.4M+12.1%	-$306.5M+20.5%	-$385.4M-54.6%	-$249.3M-69.1%	-$147.5M
EPS (Basic)	-$0.03+57.1%	-$0.07+22.2%	-$0.09+18.2%	-$0.11	N/A	N/A
EPS (Diluted)	-$0.03+57.1%	-$0.07+22.2%	-$0.09+18.2%	-$0.11	N/A	N/A
Diluted Shares (Avg)	4.11B+12.3%	3.66B+2.8%	3.56B-1.8%	3.62B+5.3%	3.44B+43.4%	2.40B

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
EPS (Basic)	N/A	N/A	N/A	-$0.03	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	-$0.03	N/A	N/A	N/A	N/A

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).

KCLHF Balance Sheet

KCLHF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Total Assets	$3.8B+58.6%	$2.4B+13.5%	$2.1B-15.5%	$2.5B-24.1%	$3.3B+80.9%	$1.8B
Current Assets	$1.6B+68.2%	$937.2M+9.1%	$858.9M-34.5%	$1.3B-32.6%	$1.9B+33.2%	$1.5B
Cash & Equivalents	$860.6M+137.2%	$362.9M+14.2%	$317.7M-35.9%	$495.7M-25.1%	$661.8M+26.1%	$524.9M
Short-Term Investments	$0-100.0%	$12.4M	$0-100.0%	$181.8M-53.5%	$390.9M-5.3%	$412.7M
Accounts Receivable	$248.9M+23.7%	$201.2M-6.6%	$215.5M-38.1%	$348.3M-37.8%	$560.4M+56.6%	$357.8M
Long-Term Investments	$33.5M	$0	$0	$0	$0	$0
Goodwill	$658.6M+4.4%	$631.0M-2.7%	$648.7M-2.9%	$667.8M-8.0%	$725.8M	N/A
Total Liabilities	$2.5B+50.4%	$1.7B+50.3%	$1.1B-1.7%	$1.1B-25.5%	$1.5B+166.0%	$565.4M
Current Liabilities	$1.3B+7.4%	$1.3B+30.5%	$961.8M-0.4%	$965.4M-18.1%	$1.2B+122.1%	$531.1M
Non-Current Liabilities	$1.1B+185.0%	$401.1M+186.0%	$140.3M-9.9%	$155.7M-52.1%	$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
Total Equity	$1.3B+88.2%	$708.0M-27.0%	$970.5M-23.9%	$1.3B-23.3%	$1.7B+31.8%	$1.3B
Retained Earnings	-$2.2B-11.4%	-$2.0B-12.9%	-$1.7B-18.4%	-$1.5B-25.1%	-$1.2B-30.2%	-$898.8M

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.

KCLHF Cash Flow Statement

KCLHF quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Operating Cash Flow	$543.5M+531.3%	$86.1M+461.5%	-$23.8M-186.9%	$27.4M+124.6%	-$111.2M-149.9%	-$44.5M
Depreciation & Amortization	$354.7M+105.0%	$173.0M+30.6%	$132.5M-21.1%	$167.8M+25.0%	$134.3M+15.6%	$116.2M
Stock-Based Compensation	$63.9M+117.5%	$29.4M+14.8%	$25.6M-51.0%	$52.2M-23.5%	$68.2M+34.7%	$50.6M
Investing Cash Flow	-$647.7M-30.6%	-$496.0M-423.1%	-$94.8M-1889.8%	-$4.8M+92.8%	-$66.2M+90.0%	-$661.2M
Financing Cash Flow	$598.2M+34.1%	$446.0M+1489.7%	-$32.1M+80.8%	-$167.0M-148.1%	$347.2M-63.0%	$938.6M
Share Buybacks	N/A	$0	N/A	$30.2M	N/A	N/A

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.

KCLHF 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.

KCLHF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Gross Margin	15.7%-1.5pp	17.2%+5.2pp	12.1%+6.8pp	5.3%+1.4pp	3.9%-1.6pp	5.4%
Operating Margin	-8.1%+14.2pp	-22.3%+7.6pp	-29.9%-2.4pp	-27.5%-7.5pp	-20.0%-1.7pp	-18.4%
Net Margin	-9.8%+15.5pp	-25.3%+5.6pp	-30.9%+1.6pp	-32.5%-15.0pp	-17.5%-2.9pp	-14.6%
Return on Equity	-10.1%+28.0pp	-38.0%-6.5pp	-31.6%-1.4pp	-30.2%-15.2pp	-15.0%-3.3pp	-11.7%
Return on Assets	-3.5%+7.7pp	-11.2%+3.3pp	-14.4%+0.9pp	-15.3%-7.8pp	-7.5%+0.5pp	-8.1%
Current Ratio	1.17+0.4x	0.75-0.1x	0.89-0.5x	1.36-0.3x	1.65-1.1x	2.75
Debt-to-Equity	0.320.0x	0.320.0x	0.31+0.1x	0.20-0.7x	0.90+0.5x	0.45
Asset Turnover	0.36-0.1x	0.440.0x	0.470.0x	0.470.0x	0.43-0.1x	0.55

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
Current Ratio	1.17+0.4x	0.75-0.1x	0.89-0.5x	1.36-0.3x	1.39	1.40	1.65-1.1x	2.75
Debt-to-Equity	0.320.0x	0.320.0x	0.31+0.1x	0.20-0.7x	0.87	0.84	0.90+0.5x	0.45

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.

Where Kingsoft Cloud Holdings Ltd Ranks

Frequently Asked Questions

What is Kingsoft Cloud Holdings Ltd's annual revenue?

Kingsoft Cloud Holdings Ltd (KCLHF) 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 Ltd's revenue growing?

Kingsoft Cloud Holdings Ltd (KCLHF) revenue grew by 28.2% year-over-year, from $1.1B to $1.4B in fiscal year 2025.

Is Kingsoft Cloud Holdings Ltd profitable?

No, Kingsoft Cloud Holdings Ltd (KCLHF) reported a net income of -$133.9M in fiscal year 2025, with a net profit margin of -9.8%.

What is Kingsoft Cloud Holdings Ltd's EBITDA?

Kingsoft Cloud Holdings Ltd (KCLHF) had EBITDA of $244.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Kingsoft Cloud Holdings Ltd have?

As of fiscal year 2025, Kingsoft Cloud Holdings Ltd (KCLHF) had $860.6M in cash and equivalents against $432.4M in long-term debt.

What is Kingsoft Cloud Holdings Ltd's gross margin?

Kingsoft Cloud Holdings Ltd (KCLHF) 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 Ltd's operating margin?

Kingsoft Cloud Holdings Ltd (KCLHF) 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 Ltd's net profit margin?

Kingsoft Cloud Holdings Ltd (KCLHF) 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 Ltd's return on equity (ROE)?

Kingsoft Cloud Holdings Ltd (KCLHF) 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 Ltd's operating cash flow?

Kingsoft Cloud Holdings Ltd (KCLHF) generated $543.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Kingsoft Cloud Holdings Ltd's total assets?

Kingsoft Cloud Holdings Ltd (KCLHF) had $3.8B in total assets as of fiscal year 2025, including both current and long-term assets.

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

Kingsoft Cloud Holdings Ltd (KCLHF) invested $115.9M in research and development during fiscal year 2025.

How many shares does Kingsoft Cloud Holdings Ltd have outstanding?

Kingsoft Cloud Holdings Ltd (KCLHF) had 4.48B shares outstanding as of fiscal year 2025.

What is Kingsoft Cloud Holdings Ltd's current ratio?

Kingsoft Cloud Holdings Ltd (KCLHF) had a current ratio of 1.17 as of fiscal year 2025, which is considered adequate.

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

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

Kingsoft Cloud Holdings Ltd (KCLHF) 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 Ltd's Altman Z-Score?

Kingsoft Cloud Holdings Ltd (KCLHF) has an Altman Z-Score of 0.68, 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 Ltd's Piotroski F-Score?

Kingsoft Cloud Holdings Ltd (KCLHF) 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 Ltd's earnings high quality?

Kingsoft Cloud Holdings Ltd (KCLHF) 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 Ltd cover its interest payments?

Kingsoft Cloud Holdings Ltd (KCLHF) 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.