FilingsSEC filing

Kingsoft Cloud’s 2025 revenue rose 22.8% to CNY 9.56 billion and its operating loss narrowed to CNY 772.91 million

The net loss attributable to shareholders was CNY 936.25 million, against CNY 1.97 billion a year earlier, the 20-F filed Apr 23, 2026 showed.

From the public record1 min read

Published Oct 27, 2026 · 05:53 UTCFiled Apr 23, 2026

RevenueCNY 9.56 billion

Operating income−CNY 772.91 million

Net income attributable to shareholders−CNY 936.25 million

Year endedDec 31, 2025

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Kingsoft Cloud, listed on Nasdaq as KC, reported revenue of CNY 9.56 billion, in Chinese yuan, for the year ended Dec 31, 2025, in a Form 20-F, the annual report that certain non-US companies file with the Securities and Exchange Commission, filed on Apr 23, 2026. That was up 22.8% from CNY 7.79 billion in 2024.1 2 3 4 5 6 7

The operating loss was CNY 772.91 million, against CNY 1.74 billion a year earlier. The net loss attributable to the company’s shareholders was CNY 936.25 million, against CNY 1.97 billion. Including non-controlling interests, the part of subsidiaries that other holders own, the net loss was CNY 943.69 million, against CNY 1.98 billion. The diluted loss was CNY 0.23 a share, against CNY 0.54.8 9 10 11 12 13 14 15

Revenue in earlier years was CNY 9.06 billion in 2021, CNY 8.18 billion in 2022 and CNY 7.05 billion in 2023, so the 2025 figure was above the 2021 one. In US dollars, the same filing stated 2025 revenue of $1.37 billion, an operating loss of $110.53 million and a net loss attributable to shareholders of $133.88 million.16 17 18 2 19 20 21

Our records hold revenue, operating income, net income attributable to the company’s shareholders and diluted earnings per share for the year ended Dec 31, 2025, and the net loss including non-controlling interests. Our records keep one value for each period, so they cannot say whether the year-earlier figures were restated. This article rests on those figures alone, so it leaves out what drove the changes.22 23

How each figure was checked23 facts

where Kingsoft Cloud is listedNASDAQ: KCOur database
revenue for the year ended Dec 31, 2025CNY 9.56 billion for the year from Jan 1, 2025 to Dec 31, 2025Our database
the form is a 20-F20-FOur database
when the 20-F was filedApr 23, 2026Our database
revenue change on the year before22.8% on the same year a year earlierOur database
revenue a year earlierCNY 7.79 billion in the same year a year earlierOur database
revenue, year ended Dec 31, 2024CNY 7.79 billion for the year from Jan 1, 2024 to Dec 31, 2024Our database
operating loss for the year ended Dec 31, 2025an operating loss of CNY 772.91 million for the year from Jan 1, 2025 to Dec 31, 2025Our database
operating loss a year earlieran operating loss of CNY 1.74 billion in the same year a year earlierOur database
net loss attributable to the company's shareholders, year ended Dec 31, 2025a net loss attributable to the company's shareholders of CNY 936.25 million for the year from Jan 1, 2025 to Dec 31, 2025Our database
net loss attributable to the company's shareholders a year earliera net loss attributable to the company's shareholders of CNY 1.97 billion in the same year a year earlierOur database
net loss including non-controlling interests, year ended Dec 31, 2025a net loss including non-controlling interests of CNY 943.69 million for the year from Jan 1, 2025 to Dec 31, 2025Our database
net loss including non-controlling interests a year earliera net loss including non-controlling interests of CNY 1.98 billion in the same year a year earlierOur database
diluted loss per share, year ended Dec 31, 2025a diluted loss of CNY 0.23 per share for the year from Jan 1, 2025 to Dec 31, 2025Our database
diluted loss per share a year earliera diluted loss of CNY 0.54 per share in the same year a year earlierOur database
revenue, year ended Dec 31, 2021CNY 9.06 billion for the year from Jan 1, 2021 to Dec 31, 2021Our database
revenue, year ended Dec 31, 2022CNY 8.18 billion for the year from Jan 1, 2022 to Dec 31, 2022Our database
revenue, year ended Dec 31, 2023CNY 7.05 billion for the year from Jan 1, 2023 to Dec 31, 2023Our database
revenue in US dollars, year ended Dec 31, 2025$1.37 billion for the year from Jan 1, 2025 to Dec 31, 2025Our database
operating loss in US dollars, year ended Dec 31, 2025an operating loss of $110.53 million for the year from Jan 1, 2025 to Dec 31, 2025Our database
net loss attributable to shareholders in US dollars, year ended Dec 31, 2025a net loss of $133.88 million for the year from Jan 1, 2025 to Dec 31, 2025Our database
what our records cover of the report (figures)Our records hold revenue, operating income, net income attributable to the company's shareholders and diluted earnings per share for this report's year ended Dec 31, 2025. Our records also hold net income including non-controlling interests for this report's year ended Dec 31, 2025. Other measures a company reports (net income attributable to its owners, EBITDA, impairments, segment figures, adjusted figures) are in our records only where the dossier offers them.Our database
what our records cover of the report (restatement)Our records keep one value for each period of an SEC filer, the latest filed, so they cannot tell whether this filing's year-earlier figures were restated.Our database