Kingsoft Cloud's second-quarter revenue rose 30.8% to RMB3,072.0 million as its net loss narrowed to RMB93.0 million

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.

On Aug 19, 2026, Kingsoft Cloud, a cloud provider in China listed on Nasdaq and in Hong Kong, reported unaudited revenue of RMB3,072.0 million for the quarter ended June 30, 2026, up 30.8% from RMB2,349.2 million in the same quarter of 2025. Net loss was RMB93.0 million, narrowed by 79.6% from RMB456.9 million a year earlier; that is the consolidated figure, including non-controlling interests, and the net loss attributable to the company was RMB93.1 million.1^,2^,3^,4^,5^,6

Operating profit was RMB23.0 million, against an operating loss of RMB327.0 million in the same period of 2025 and an operating loss of RMB166.1 million in the previous quarter. Tao Zou, quoted in the release as chief executive officer, said the company recorded a positive operating margin on a GAAP basis for the first time; a footnote to the release puts the margin at 0.7%.7^,8^,9^,10

Public cloud revenue was RMB2,357.6 million, up 45.1% from RMB1,625.3 million a year earlier, and the company said the increase was mainly driven by growing demand for AI cloud services. Enterprise cloud revenue was RMB714.3 million, down 1.3% from RMB723.9 million a year earlier. AI cloud gross billings, which the company reports beside revenue, reached RMB1,327 million; Zou said they grew 82% from a year earlier and were 56% of public cloud revenue.11^,12^,13^,14^,15

Cost of revenues rose 29.6% to RMB2,605.8 million from RMB2,010.4 million a year earlier, mainly because of continued investment in AI computing resources, the company said. Within it, depreciation and amortization costs rose from RMB552.0 million a year earlier to RMB963.8 million, mainly because of newly acquired and leased servers and network equipment, the company said. Gross profit was RMB466.2 million, up 37.6% from RMB338.9 million a year earlier, and the gross margin was 15.2% against 14.4% a year earlier and 12.8% in the previous quarter. Total operating expenses fell 33.4% to RMB443.2 million from RMB665.8 million a year earlier.16^,17^,18^,19^,20

The company's non-GAAP measures are its own and are not defined under US GAAP: non-GAAP EBITDA was RMB1,100.5 million, against RMB406.0 million in the same quarter of 2025. It defines that measure as non-GAAP net loss before interest income, interest expense, income tax expense and depreciation and amortization, and its non-GAAP net loss leaves out share-based compensation expenses and foreign exchange loss or gain. Non-GAAP operating profit was RMB124.0 million, a 4.0% margin according to chief financial officer Yi Li, and the company defines it as operating profit excluding share-based compensation expenses and amortization of intangible assets.21^,22^,23^,24^,25^,26^,27^,28

Li said capital expenditures, including assets capitalized through leasing arrangements, were RMB3.3 billion in the quarter, an increase from the first quarter. Cash and cash equivalents were RMB4,674.3 million at June 30, 2026, down from RMB6,018.0 million at Dec 31, 2025, a decrease the company attributed mainly to buying computing power equipment.29^,27^,30

Amounts here are in renminbi, as the release states them; its own US dollar translations use RMB6.7851 to US$1.00, the rate in effect on June 30, 2026.31