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Kingsoft Cloud Holdings Limited

Kingsoft Cloud Holdings Limited

NASDAQ•KC
CEO: Mr. Tao Zou
Sector: Technology
Industry: Software - Application
Listing Date: 2020-05-08
Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including 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, 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, the People's Republic of China.
Contact Information
Building D, Xiaomi Science and Technology Park No. 33 Xierqi Middle Road Haidian District, Beijing, 100085, China
86-10-6292-7777
www.ksyun.com
Market Cap
$2.94B
P/E (TTM)
-22.6
77.1
Dividend Yield
--
52W High
$22.26
52W Low
$8.84
52W Range
18%
Rank66Top 89.6%
1.9
F-Score
Modified Piotroski Analysis
Based on 8-year fundamentals
Weak • 1.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2017-2024

Financial Dashboard

Q3 2025 Data

Revenue

$344.48M+30.73%
4-Quarter Trend

EPS

-$0.00-99.62%
4-Quarter Trend

FCF

$0.00-100.00%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Revenue Rebounds Strongly Total revenues reached RMB7.79B in 2024, marking a 10.5% increase from RMB7.05B in 2023, driven by AI demands.
Gross Margin Expansion Noted Gross margin expanded significantly to 17.2% in 2024 from 12.1% in 2023; net loss decreased 9.4% to RMB1.98B.
Operating Cash Flow Positive Operating cash flow turned positive, generating RMB628.4M in 2024, reversing RMB169.1M outflow recorded in 2023.
Premium Customer Base Grows Total Premium Customers reached 492 in 2024, a slight increase from 486 customers in 2023, showing customer retention success.

Risk Factors

PRC Regulatory Enforcement Risks Substantial uncertainties exist regarding PRC laws affecting VIE enforceability; adverse government actions could severely impact financial condition.
High Technology Investment Strain Continuous substantial investment in infrastructure and R&D, like RMB846.0M R&D in 2024, may negatively impact cash flow without guaranteed returns.
Key Customer Concentration Risk Significant revenue dependency remains; loss of one major Premium Customer or usage reduction could materially harm revenues and operations.
US Auditor Inspection Uncertainty Continued uncertainty regarding PCAOB access to auditors creates ongoing risk of being deemed a 'Commission-Identified Issuer' and potential Nasdaq delisting.

Outlook

Focus on AI Growth Areas Future growth strategy centers on capturing strong demands from AI business and enterprise cloud projects, optimizing revenue mix.
Continued Infrastructure Expansion Intend to fund future growth via existing cash and financing, continuing substantial investment in infrastructure, technologies, and product expansion.
Improving Operating Efficiency Expect costs to decrease as a proportion of revenues through achieving greater economies of scale and higher operating efficiency moving forward.

Peer Comparison

Revenue (TTM)

ePlus inc.PLUS
$2.26B
+6.4%
WEBTOON Entertainment Inc.WBTN
$1.40B
+5.7%
Kingsoft Cloud Holdings LimitedKC
$1.25B
+23.6%

Gross Margin (Latest Quarter)

Dave Inc.DAVE
82.2%
-8.5pp
Progress Software CorporationPRGS
81.0%
-2.8pp
Marqeta, Inc.MQ
69.2%
+91.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
KC$2.94B-22.6-16.5%34.1%
DAVE$2.91B19.865.8%0.1%
PLUS$2.37B19.412.2%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.5%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Mar 18, 2026
|
EPS:-$0.05
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 15, 2025|
    Revenue: $1.08B+10.5%
    |
    EPS: $-1.13+11.5%
    Miss

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 30, 2024|
    Revenue: $995.24M-13.8%
    |
    EPS: $-1.29+16.4%
    Miss

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 27, 2023|
    Revenue: $1.22B-9.7%
    |
    EPS: $-1.63-58.7%
    Miss

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: May 2, 2022|
    Revenue: $1.40B+37.8%
    |
    EPS: $-1.07-12.2%
    Miss

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Apr 22, 2021|
    Revenue: $953.34M+66.2%
    |
    EPS: $-0.89+68.7%
    Miss