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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Dec '22
$336M
-$83M
7.3%
-30.7%
—
$382M
$496M
Sep '22
$241M
-$100M
6.6%
-25.5%
—
$146M
$445M
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.
The price-to-sales ratio has fallen from 31.0× (Mar '23) to 26.2× (Jun '26).
Price / sales (P/S)
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.