Welcome to our dedicated page for Kingsoft Cloud Holdings SEC filings (Ticker: KC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Kingsoft Cloud Holdings Limited filings document the regulatory record of a Cayman Islands-incorporated China cloud service provider with Nasdaq and Hong Kong listings. Its Form 20-F and Hong Kong annual report disclosures cover audited consolidated financial statements, public cloud and enterprise cloud operations, and annual ESG reporting.
Form 6-K submissions provide current-report disclosures on unaudited results, Hong Kong monthly returns for authorized share capital, issued shares and public float compliance, continuing connected transactions with Xiaomi, proposed articles amendments, share incentive plan matters, and board or company-secretary governance changes. The filings also record capital-structure movements and shareholder-related disclosure obligations across the company's ordinary shares and ADS holders.
Kingsoft Cloud Holdings Limited is revising and expanding its long-term cooperation with Xiaomi under two framework agreements. The company proposes higher annual caps for cloud services provided to Xiaomi in 2026 and 2027, raising the 2026 cap from RMB3,138.3 million to RMB4,000.0 million and the 2027 cap from RMB4,035.1 million to RMB6,000.0 million, after a 2025 utilization rate of about 97.6% of the RMB2,309.8 million cap. It also significantly increases procurement limits from Xiaomi for IDC services, hardware equipment and new API-related services, including higher IDC caps of RMB100.0 million in 2026 and RMB150.0 million in 2027, hardware caps up to RMB1,500.0 million in 2027, and API caps of RMB20.0 million for 2026 and RMB50.0 million for 2027. These continuing connected transactions require reporting, annual review, announcements and, for certain items, Independent Shareholders’ approval under Hong Kong Listing Rules, with an AGM planned to seek such approvals.
Kingsoft Cloud Holdings Limited submitted a Form 6-K as a foreign issuer for April 2026. The filing primarily makes available the company’s 2025 Hong Kong Annual Report and its 2025 Environmental, Social and Governance (ESG) Report as exhibits for investors and regulators.
Kingsoft Cloud Holdings Limited filed its annual report for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. The company also released its 2025 Environmental, Social and Governance Report outlining its “CLOUD” sustainable development strategy and related ESG practices.
Kingsoft Cloud Holdings Limited files its annual report as a Cayman Islands holding company that operates China cloud businesses mainly through variable interest entities (VIEs). In 2023, 2024 and 2025, VIEs generated 65%, 67% and 69% of net revenues and held 52% and 57% of consolidated assets as of the end of 2024 and 2025.
The company reports net losses of RMB2,183.6 million, RMB1,979.0 million and RMB943.7 million (US$134.9 million) over 2023–2025, while continuing heavy investment in R&D, infrastructure and data centers. It highlights extensive legal, regulatory and enforcement risks from its VIE structure, PRC data and cybersecurity rules, evolving CSRC overseas listing filings, U.S. export controls and sanctions, and possible U.S. trading prohibitions under the HFCAA if PCAOB access is curtailed.
Kingsoft Cloud notes improved operating cash flow in 2024 and 2025 and cash and cash equivalents of RMB6,018.0 million (US$860.6 million) at December 31, 2025, but emphasizes that regulatory interventions in China or renewed PCAOB inspection limits could materially affect operations, capital-raising and the value of its ADSs.
Kingsoft Cloud Holdings Limited reports board-approved changes to its Hong Kong governance roles. External provider Ms. So Ka Man resigned as company secretary, authorized representative and process agent with effect from April 14, 2026.
The Board appointed Mr. Tian Bo and Ms. Chan Hiu Lam as joint company secretaries from the same date. Ms. Chan, from Tricor Services Limited, also becomes authorized representative and process agent, and meets Hong Kong Listing Rules qualification requirements. The Stock Exchange granted a three-year waiver from strict compliance with Rules 3.28 and 8.17 to allow Mr. Tian to serve as joint company secretary, conditional on Ms. Chan’s ongoing assistance and continued Listing Rules compliance.
Kingsoft Cloud Holdings Limited furnished a Form 6-K stating that it submitted a monthly return dated April 9, 2026 to The Stock Exchange of Hong Kong Limited. The return covers movements in its authorized share capital and issued shares during March 2026, detailed in Exhibit 99.1.
Kingsoft Cloud Holdings Ltd director Qu Heng has filed an initial ownership report as a company insider. This Form 3 filing establishes Heng’s status as a director subject to insider reporting rules but, in the data provided, does not list any specific share transactions or derivative positions.
Kingsoft Cloud Holdings Limited reported strong top-line growth in 2025 while significantly narrowing losses. Total revenues rose 22.8% to RMB9,558.6 million, driven by public cloud services up 32.5% to RMB6,633.5 million and enterprise cloud services up 5.3% to RMB2,925.1 million.
Gross profit increased 12.1% to RMB1,503.4 million, though gross margin slipped to 15.7%. Net loss was reduced by over half to RMB943.7 million, with net loss margin improving to 9.9%. Non-GAAP EBITDA jumped to RMB2,336.4 million, lifting its margin to 24.4%. Cash and cash equivalents more than doubled to RMB6,018.0 million following sizeable ADS, share offerings and a placing. The company is investing heavily in AI-focused cloud infrastructure and proposed governance and share incentive plan updates while remaining loss-making overall.
Kingsoft Cloud reported strong growth for the fourth quarter and full year 2025, driven by AI-related demand and public cloud services. Fourth-quarter revenue reached RMB2,761.4 million, up 23.7% year-over-year, with public cloud revenue up 34.9% to RMB1,902.4 million. Gross billing of AI business was RMB926 million, a 95% year-over-year increase.
Q4 gross margin was 16.9%, slightly below 19.1% a year earlier due to higher depreciation from new AI-focused infrastructure, but non-GAAP gross profit rose to RMB470.9 million. Non-GAAP EBITDA was RMB785.2 million with a 28.4% margin, up from 16.1% a year ago, and non-GAAP operating profit improved to RMB54.6 million, marking a second consecutive profitable quarter on this basis. The company still posted a Q4 net loss of RMB162.9 million.
For full-year 2025, revenue rose 22.8% to RMB9,558.6 million, led by 32.5% growth in public cloud. Operating loss narrowed to RMB772.9 million from RMB1,739.0 million, while non-GAAP EBITDA increased to RMB2,336.4 million with a 24.4% margin. Cash and cash equivalents were RMB6,018.0 million as of December 31, 2025, up from RMB3,954.5 million as of September 30, 2025.
Kingsoft Cloud Holdings Ltd director Wang Hang has filed an initial Form 3, which is the standard statement of beneficial ownership for company insiders. This filing lists him as a director and shows no reported transactions or derivative positions in Kingsoft Cloud Holdings Ltd securities at the time of the filing.