Kingsoft Cloud Holdings Ltd income statement

In fiscal 2025, Kingsoft Cloud Holdings Ltd reported revenue of $1.33bn, up 22.9% on the year before, operating income of −$108m (a -8.1% margin) and net income of −$130m, or −$0.48 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Kingsoft Cloud Holdings Ltd: income statement, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	336	573	953	1,405	1,218	996	1,082	1,330
Cost of revenue	367	572	902	1,350	1,154	876	896	1,121
Gross profit	−30	1	52	54	64	120	186	209
Research and development	67	86	112	162	145	111	118	113
Selling and marketing	29	46	59	80	83	65	67	77
General and administrative	22	35	55	93	171	150	116	127
Operating income	−148	−166	−175	−281	−335	−298	−242	−108
Interest expense	6	1	1	8	21	21	32	69
Income before tax	−151	−160	−137	−244	−397	−306	−275	−132
Income tax	1	1	2	2	4	3	−0	−1
Net income	−153	−161	−139	−246	−396	−308	−273	−130
Diluted EPS	—	−$2.85	−$0.89	−$1.07	−$1.63	−$1.29	−$1.13	−$0.48
Diluted shares (average)	53m	59m	160m	229m	242m	237m	244m	274m
EBITDA	−86	−78	−65	−148	−163	−165	−66	238

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Kingsoft Cloud Holdings Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Kingsoft Cloud Holdings Ltd.