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 Financials

KCLHF

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Kingsoft Cloud Holdings Ltd (KCLHF) financial statements, including the 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 FY2024 2026-04-22

Improving unit economics lifted cash generation, but investment and short-term obligations still outran the business’s gross profit.

FY2024’s switch from -$23.8M of operating cash outflow to $86.1M of inflow means cash improved before accounting profit did. Receivables fell as revenue recovered, pointing to a working-capital release, but $446.0M of financing still funded -$496.0M of investing outflow rather than self-funded expansion.

The gross margin step-up to 17.2% from 12.1% shows the core revenue mix or cost base got materially better, not just bigger. But SG&A plus R&D still ran above gross profit, so improved product economics have not yet covered the company’s operating structure.

The business is operating with tighter liquidity: the current ratio fell to 0.7x while current liabilities reached $1.25B, leaving less short-term balance-sheet flexibility. At the same time, equity has been compressed by recurring losses, so the company is carrying a thinner capital cushion than in FY2023.

Financial Health Signals

Financial health score pending refresh

We are recalculating Kingsoft Cloud Holdings Ltd's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. 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

-4.06x

For every $1 of reported earnings, Kingsoft Cloud Holdings Ltd generates $-4.06 in operating cash flow ($543.5M OCF vs -$133.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-1.6x

Kingsoft Cloud Holdings Ltd earns $-1.6 in operating income for every $1 of interest expense (-$110.5M vs $71.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.4B

YoY+28.2%

5Y CAGR+6.3%

Kingsoft Cloud Holdings Ltd generated $1.4B in revenue in fiscal year 2025. This represents an increase of 28.2% from the prior year.

EBITDA

$244.2M

YoY+474.5%

Kingsoft Cloud Holdings Ltd's EBITDA was $244.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 474.5% from the prior year.

Net Income

-$133.9M

YoY+50.3%

Kingsoft Cloud Holdings Ltd reported -$133.9M in net income in fiscal year 2025. This represents an increase of 50.3% from the prior year.

EPS (Diluted)

$-0.03

YoY+57.1%

Kingsoft Cloud Holdings Ltd earned $-0.03 per diluted share (EPS) in fiscal year 2025. This represents an increase of 57.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$860.6M

YoY+137.2%

5Y CAGR+10.4%

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

Dividends Per Share

N/A

Shares Outstanding

4.48B

YoY+17.7%

5Y CAGR+6.1%

Kingsoft Cloud Holdings Ltd had 4.48B shares outstanding in fiscal year 2025. This represents an increase of 17.7% from the prior year.

Margins & Returns

Gross Margin

15.7%

YoY-1.5pp

5Y CAGR+10.3pp

Kingsoft Cloud Holdings Ltd's gross margin was 15.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.5 percentage points from the prior year.

Operating Margin

-8.1%

YoY+14.2pp

5Y CAGR+10.3pp

Kingsoft Cloud Holdings Ltd's operating margin was -8.1% in fiscal year 2025, reflecting core business profitability. This is up 14.2 percentage points from the prior year.

Net Margin

-9.8%

YoY+15.5pp

5Y CAGR+4.8pp

Kingsoft Cloud Holdings Ltd's net profit margin was -9.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 15.5 percentage points from the prior year.

Return on Equity

-10.1%

YoY+28.0pp

5Y CAGR+1.6pp

Kingsoft Cloud Holdings Ltd's ROE was -10.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 28.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$115.9M

YoY-0.0%

5Y CAGR-0.5%

Kingsoft Cloud Holdings Ltd invested $115.9M in research and development in fiscal year 2025. This represents a decrease of 0.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

KCLHF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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
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 (Diluted)	$-0.03+57.1%	$-0.07+22.2%	$-0.09+18.2%	$-0.11	N/A	N/A

Metric	Q4'25	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	N/A
Cost of Revenue	N/A	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	N/A
R&D Expenses	N/A	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	N/A
Operating Income	N/A	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	N/A
Income Tax	N/A	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	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

KCLHF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$248.9M+23.7%	$201.2M-6.6%	$215.5M-38.1%	$348.3M-37.8%	$560.4M+56.6%	$357.8M
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
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	Q4'25	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20
Total Assets	$3.8B+58.6%	$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	$1.6B+68.2%	$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	$860.6M+137.2%	$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	N/A
Accounts Receivable	$248.9M+23.7%	$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	$658.6M+4.4%	$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	$2.5B+50.4%	$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+7.4%	$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	$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-3.9%	$1.3B-9.6%	$1.5B-11.7%	$1.7B+31.8%	$1.3B
Retained Earnings	-$2.2B-11.4%	-$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

KCLHF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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
Capital Expenditures	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
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
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0	N/A	$30.2M	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20
Operating Cash Flow	N/A	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	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	$126.5M+124.0%	$56.5M	N/A	N/A	N/A
Financing Cash Flow	N/A	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	N/A
Share Buybacks	N/A	N/A	N/A	$18.9M	N/A	N/A	N/A	N/A

KCLHF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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+0.4	0.75-0.1	0.89-0.5	1.36-0.3	1.65-1.1	2.75
Debt-to-Equity	0.320.0	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	N/A

Metric	Q4'25	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	N/A
Operating Margin	N/A	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	N/A
Return on Equity	N/A	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	N/A
Current Ratio	1.17+0.4	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	0.320.0	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	N/A

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) has an earnings quality ratio of -4.06x, 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 (KCLHF) has an interest coverage ratio of -1.6x, 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.