Kingsoft Cloud Holdings Ltd (KC)
Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company’s product portfolio includes cloud products, such as infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, containers, database, big data, security, storage, and delivery solutions. It offers research and development services, as well as enterprise digital solutions and related services. The company also provides public cloud services to customers in various verticals, including video, e-commerce, intelligent mobility, artificial intelligence, and mobile internet; and enterprise cloud services to customers in financial services, public service, and healthcare businesses. Kingsoft Cloud Holdings Limited was incorporated in 2012 and is headquartered in Beijing, China.
Sector: Services-Prepackaged Software
Industry: Software - Application
Kingsoft Cloud Holdings Limited
NASDAQ:KCTechnology · Software - Services
AHAfter hours-1.42%$8.32
Prev close$8.52-0.94%Close$8.44-1.42%Now$8.32
Close$8.44-0.94%
Mkt Cap$2.53B
Float176.97M
O/S299.37M
VOL1.57M sh
$ Vol$13.18M
RVOL1.35×
Inst Own4.3%
SI4.4%
Dilution
Financials Summary
Revenue$1.43B
Net Income-$140.31M
Total Assets$4.01B
Free Cash Flow-$141.07M
Debt & Equity
Debt 41%
Equity 59%
Total Debt$969.31M
Total Equity$1.4B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in KC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.01B
Liabilities$2.61B
Accounts Receivable$346.98M
Accounts Payable$302.08M
Inventory$0
PP&E (Net)$1.53B
Goodwill$690.66M
Intangible Assets$79.89M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $1.43B | $1.17B | $1.06B | $1.23B | $1.36B | $985.68M | $592.9M | $332.42M | $185.22M |
| YoY Growth | 22.8% | 10.5% | -13.8% | -9.7% | 37.8% | 66.2% | 78.4% | 79.5% | - |
| Cost of Revenue | $1.21B | $965.75M | $928.74M | $1.16B | $1.31B | $932.19M | $591.75M | $362.45M | $202.94M |
| Gross Profit | $225.3M | $200.95M | $127.41M | $64.37M | $52.64M | $53.5M | $1.16M | -$30.03M | -$17.71M |
| Gross Margin | 15.7% | 17.2% | 12.1% | 5.3% | 3.9% | 5.4% | 0.2% | -9.0% | -9.6% |
| Research and Development | $121.43M | $126.78M | $117.61M | $145.55M | $156.43M | $116.16M | $89.19M | $66.02M | $59.83M |
| Selling, General, and Administrative | $167.33M | $127.99M | $129.44M | $181.94M | $150.72M | $113.48M | $74.05M | $50.73M | $31.4M |
| Other | $15.57M | $69.92M | $83.35M | $70.83M | $3.92M | $4.78M | $9.28M | $0 | $0 |
| Total Operating Expenses | $304.34M | $324.69M | $330.4M | $398.32M | $311.07M | $234.42M | $172.53M | $116.75M | $91.22M |
| Operating Income (EBIT) | -$79.03M | -$123.74M | -$202.99M | -$333.95M | -$258.43M | -$180.92M | -$171.37M | -$146.78M | -$108.94M |
| Operating Margin | -5.5% | -10.6% | -19.2% | -27.2% | -19.0% | -18.4% | -28.9% | -44.2% | -58.8% |
| Interest Expense | $72.6M | $34.91M | $21.88M | $21.02M | $7.7M | $1.34M | $736K | $6.05M | $5.32M |
| Interest Income | $11.79M | $4.1M | $11.75M | $12.31M | $10.64M | $10.93M | $11.75M | $18.14M | $2.87M |
| Other Income (Expense) | -$63.02M | -$173.07M | -$121.56M | -$65.27M | $22.24M | $38.96M | $6.19M | -$2.61M | $2M |
| Income Before Tax (EBT) | -$142.05M | -$296.81M | -$324.55M | -$399.22M | -$236.18M | -$141.96M | -$165.18M | -$149.38M | -$106.94M |
| Income Tax Expense | -$630K | -$228K | $2.69M | $3.67M | $2.36M | $2.23M | $1.35M | $1.44M | $100K |
| Net Income | -$140.31M | -$294.73M | -$326.15M | -$398.36M | -$238.09M | -$144.21M | -$166.53M | -$150.83M | -$107.04M |
| Net Income Margin | -9.8% | -25.3% | -30.9% | -32.5% | -17.5% | -14.6% | -28.1% | -45.4% | -57.8% |
| Supplementary Data | |||||||||
| EPS | -3.30 | -8.10 | -9.15 | -10.95 | -6.90 | -6.15 | -19.65 | -33.23 | -25.07 |
| Diluted EPS | -3.30 | -8.10 | -9.15 | -10.95 | -6.90 | -6.15 | -19.65 | -33.23 | -25.07 |
| Weighted Average OS | 273.80M | 245.09M | 238.41M | 242.80M | 230.60M | 157.62M | 57.05M | 30.59M | 28.77M |
| EBITDA | $304.3M | -$73.1M | -$161.73M | -$205.11M | -$100.16M | -$26.95M | -$73.84M | -$81.77M | -$56.88M |
| EBITDA Margin | 21.2% | -6.3% | -15.3% | -16.7% | -7.4% | -2.7% | -12.5% | -24.6% | -30.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $917.32M | $396.95M | $337.98M | $512.4M | $632.04M | $513.23M | $303.21M | $225.85M |
| Short-Term Investments | $0 | $13.55M | $0 | $187.88M | $373.31M | $403.58M | $33.78M | $330.91M |
| Cash and Short-Term Investments | $917.32M | $410.5M | $337.98M | $700.28M | $1.01B | $916.81M | $336.99M | $556.76M |
| Accounts Receivable | $346.98M | $394.04M | $375.93M | $493.93M | $681M | $380.64M | $221.68M | $117.07M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $388.74M | $30.37M | $47.19M | $30.86M | $56.66M | $50.64M | $4.43M | $1.72M |
| Total Current Assets | $1.65B | $1.03B | $913.87M | $1.36B | $1.86B | $1.43B | $621.89M | $709.51M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $1.53B | $776.67M | $480.4M | $355.58M | $392.72M | $337.78M | $263M | $165.81M |
| Goodwill | $690.66M | $690.22M | $690.22M | $690.22M | $693.13M | $0 | $0 | $0 |
| Intangible Assets | $79.89M | $104.14M | $125.06M | $151.06M | $175.3M | $2.48M | $1.11M | $1.52M |
| Long-Term Investments | $35.11M | $35.09M | $38.95M | $41M | $31.05M | $18.97M | $17.22M | $749K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $1.17M | $0 | $0 | $0 |
| Other Long-Term Assets | $20.97M | $5.17M | $9.95M | $1.17M | $5.22M | $2.63M | $724K | $481K |
| Total Long-Term Assets | $2.36B | $1.61B | $1.34B | $1.24B | $1.3B | $361.87M | $282.05M | $168.56M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $4.01B | $2.64B | $2.26B | $2.6B | $3.16B | $1.79B | $903.94M | $878.07M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $302.08M | $281.29M | $270.51M | $344.97M | $440.39M | $308.32M | $188.01M | $108.02M |
| Short-Term Debt | $508.24M | $333.56M | $166.48M | $136.3M | $202.04M | $52.88M | $14.99M | $12.11M |
| Current Income Tax Payable | $0 | $47.23M | $28.37M | $7.78M | $9.02M | $3.08M | $3.38M | $2.14M |
| Current Unearned Revenue | $0 | $73.76M | $65.66M | $64.25M | $58.06M | $28.68M | $11.93M | $5.85M |
| Other Current Liabilities | $591.48M | $5.45M | $11.02M | $14.83M | $10.78M | $8.14M | $4.55M | $6.97M |
| Total Current Liabilities | $1.41B | $1.37B | $1.02B | $997.87M | $1.13B | $519.36M | $362.66M | $215.33M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $453.4M | $248.86M | $14.99M | $0 | $0 | $0 | $11.14M | $26.13M |
| Long-Term Unearned Revenue | $0 | $457K | $13.07M | $15.61M | $1.05M | $1.05M | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $9.28M | $15.24M | $21.36M | $25.03M | $30.85M | $4K | $31K | $57K |
| Other Long-Term Liabilities | $728.52M | $59.9M | $40.37M | $74.78M | $254.55M | $5.03M | $1.16B | $1.12B |
| Total Long-Term Liabilities | $1.2B | $438.78M | $149.23M | $160.97M | $310.17M | $33.5M | $1.17B | $1.15B |
| Other Liabilities | $1 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.61B | $1.81B | $1.17B | $1.16B | $1.44B | $552.86M | $1.53B | $1.36B |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $18.46M | $18.46M |
| Common Stock | $4.63M | $3.85M | $3.81M | $3.76M | $3.71M | $3.42M | $833K | $727K |
| Retained Earnings | -$2.29B | -$2.14B | -$1.85B | -$1.52B | -$1.12B | -$878.84M | -$734.64M | -$568.11M |
| Comprehensive Income & Other | $73.79M | $89.75M | $86.49M | $67.9M | -$31.15M | -$10.26M | $72.59M | $62.9M |
| Other Stockholders' Equity | $3.68B | $2.91B | $2.87B | $2.83B | $2.7B | $2.11B | $104.8M | $81.37M |
| Total Equity | $1.4B | $774.49M | $1.03B | $1.32B | $1.59B | $1.23B | -$629.01M | -$486.02M |
| Minority Interest | -$599K | $50.55M | $53.31M | $117.26M | $133.15M | $9K | $0 | $0 |
| Total Liabilities and Equity | $4.01B | $2.59B | $2.21B | $2.48B | $3.03B | $1.79B | $903.94M | $878.07M |
| Supplementary Data | ||||||||
| Total Debt | $969.31M | $778.58M | $258.13M | $202.33M | $242.03M | $91.76M | $26.13M | $38.24M |
| Net Debt | $51.98M | $381.63M | -$79.85M | -$310.07M | -$390.01M | -$421.47M | -$277.08M | -$187.62M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | -$141.42M | -$296.58M | -$327.24M | -$402.89M | -$238.54M | -$144.2M | -$166.53M | -$150.83M | -$107.04M |
| Depreciation & Amortization | $371.71M | $189.29M | $140.94M | $173.45M | $128.22M | $113.6M | $90.6M | $61.8M | $44.61M |
| Deferred Income Tax | -$5.96M | -$6.13M | -$3.67M | -$5.27M | -$1.78M | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $66.97M | $32.14M | $27.22M | $53.93M | $65.09M | $49.47M | $18.18M | $7.03M | $13.64M |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$107.32M | -$40.4M | $54.29M | $118.09M | -$142.35M | -$164.76M | -$110.61M | -$6.21M | -$56.41M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $43.78M | -$28.16M | -$93.11M | -$87.73M | $88.93M | $120.52M | $79.99M | $38.98M | $42.82M |
| Other Working Capital | $327.41M | $51.78M | -$20.28M | $47.99M | -$10.36M | -$646K | $13.63M | -$22.51M | $46.52M |
| Total Working Capital Change | $263.87M | -$16.77M | -$59.11M | $78.35M | -$63.78M | -$44.89M | -$16.98M | $10.25M | $32.93M |
| Other Non-Cash Items | $14.46M | $192.23M | $196.52M | $130.75M | $4.55M | -$17.51M | $8.92M | $14.33M | -$4.29M |
| Net Cash from Operating | $569.63M | $94.18M | -$25.34M | $28.32M | -$106.23M | -$43.52M | -$65.81M | -$57.41M | -$20.16M |
| Investing Activities | |||||||||
| Capital Expenditures | -$710.7M | -$550.3M | -$293.54M | -$212.6M | -$108.39M | -$233.78M | -$149.79M | -$164.04M | -$51.86M |
| Acquisitions | $0 | -$415K | -$820K | -$33.48M | $22.53M | -$2.2M | -$14.14M | -$749K | -$884K |
| Purchases of Investments | -$10.63M | -$13.49M | -$82.45M | -$382.07M | -$384.89M | -$840.38M | -$166.64M | -$429.62M | -$285.02M |
| Sales of Investments | $24.18M | $0 | $274.32M | $605.93M | $407.65M | $433.34M | $465.71M | $417.28M | $59.73M |
| Other Investing Activities | $18.32M | $21.64M | $1.6M | $17.3M | -$80K | -$3.49M | -$2.77M | $1.27M | $5.19M |
| Net Cash from Investing | -$678.83M | -$542.57M | -$100.88M | -$4.93M | -$63.19M | -$646.5M | $132.36M | -$175.87M | -$272.84M |
| Financing Activities | |||||||||
| Debt Repaid | -$14.42M | -$347.84M | -$36.67M | $68.29M | -$167.56M | $14.99M | $45.83M | $62.35M | -$12.73M |
| Common Stock Issuance | $683.99M | $0 | $0 | $0 | $0 | $870.65M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$31.23M | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$137.65M | -$31.95M | -$101M | -$7.4M | $7.63M | $1.68M | $3.13M | $0 | $7.97M |
| Net Cash from Financing | $626.87M | $487.86M | -$34.15M | -$172.66M | $331.57M | $917.77M | $9.67M | $365.04M | $278.92M |
| Forex Effect | -$10.06M | -$3.41M | $3.88M | $10.96M | -$7.5M | -$17.73M | $1.13M | $8.16M | -$5.78M |
| Net Change in Cash | $507.6M | $36.06M | -$156.49M | -$138.31M | $154.65M | $210.02M | $77.36M | $139.92M | -$19.87M |
| Supplementary Data | |||||||||
| Operating Cash Flow | $569.63M | $94.18M | -$25.34M | $28.32M | -$106.23M | -$43.52M | -$65.81M | -$57.41M | -$20.16M |
| Capital Expenditure | -$710.7M | -$551.97M | -$294.44M | -$215.41M | -$110.21M | -$238.53M | -$149.81M | -$164.28M | -$52.6M |
| Free Cash Flow | -$141.07M | -$457.79M | -$319.78M | -$187.09M | -$216.44M | -$282.05M | -$215.62M | -$221.69M | -$72.76M |
| Cash at Beginning | $409.14M | $373.08M | $529.57M | $667.88M | $513.23M | $303.21M | $225.85M | $85.94M | $105.8M |
| Cash at End | $916.74M | $409.14M | $373.08M | $529.57M | $667.88M | $513.23M | $303.21M | $225.85M | $85.94M |