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KC Financials Kingsoft Cloud Holdings Ltd

6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 6.3% per year over the past 5 years.
  • Operating margin has expanded, at -8.1% in the latest year.

Financial health

  • Total debt ($911M) exceeds cash ($861M); net debt is $51M.
  • Total debt has grown faster than revenue (75.9% vs 6.3% per year).
  • Operating income covered interest expense -1.6× in the latest year.
  • Total debt is 3.7× EBITDA.
Revenue & net income
-$385M $518M $1B $0 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-32% -8% 17% 0% 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1 $1 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $456M $911M 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$661M $139M $939M $0 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $1.4B -$134M 15.7% -8.1% $911M $861M
2024 $1.1B -$269M 17.2% -22.3% $532M $363M
2023 $993M -$307M 12.1% -29.9% $456M $318M
2022 $1.2B -$385M 5.3% -27.5% $382M $496M
2021 $1.4B -$249M 3.9% -20.0% $212M $662M
2020 $1.0B -$147M 5.4% -18.4% $54M $525M

Valuation over time

How the market has priced KC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 31.4 62.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is KC growing its revenue and profit?

Over the past 5 years, Kingsoft Cloud Holdings Ltd's revenue has grown 6.3% per year. These are computed facts, not advice.

How much debt does KC have?

As of FY2025, Kingsoft Cloud Holdings Ltd reported $911M of total debt against $861M of cash; operating income covered interest expense -1.6×.

What is KC's profit margin?

In FY2025, gross margin was 15.7%, operating margin -8.1%, and net margin -9.8%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.