CMCM on NYSE

Cheetah Mobile

Logo: http://www.cmcm.com/, Public domain, via Wikimedia Commons5

Chinese mobile internet company

Cheetah Mobile Inc. (Chinese: 猎豹移动公司) is a Chinese mobile internet company incorporated in the Cayman Islands and headquartered in Beijing.3 It is part of Kingsoft.1 Its shares trade on NYSE under the symbol CMCM.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

$164.5MRevenue, fiscal 20256
-$36.9MNet income, fiscal 20256
2009Founded1

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  • TickerCMCM on NYSE1
  • Industrymobile app1
  • HeadquartersChaoyang District1
  • Websitewww.cmcm.com
  • Legal formpublic company1
  • Incorporated inCayman Islands7
  • Business addressBldg No.11, Wandong Science & Technology, Cultural Park, No.7 Sanjianfangnanli, Chaoyang District, Beijing, F4 1000247
  • Filer categoryNon-accelerated filer7
  • LEI529900JR51JXQWYK5B184
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressc/o MAPLES CORPORATE SERVICES LIMITED, Ugland House, South Church Street, P. O. Box 309, KY1-1104 Grand Cayman, Cayman Islands4
  • Registered withGeneral Registry, 2289974

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Cheetah Mobile Inc. (Chinese: 猎豹移动公司) is a Chinese mobile internet company incorporated in the Cayman Islands and headquartered in Beijing.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

72.5%Gross margin6
-15.6%Operating margin6
-22.4%Net margin6
48.8%Revenue growth, 20256
-16.0%Return on equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Internet Business brought in 53% of the revenue Cheetah Mobile broke down this way in fiscal 2025.

  1. Internet Business615.3M CNY653%up 19% from 2024
  2. Other Operating535.2M CNY647%up 85% from 2024
Business segments by year
Business segments202320242025
Internet Business450.1M CNY517.2M CNY615.3M CNY
Other Operating219.4M CNY289.7M CNY535.2M CNY

Regions

China brought in 39% of the revenue Cheetah Mobile broke down this way in fiscal 2025.

  1. China443.2M CNY639%up 28% from 2024
  2. Europe318.4M CNY628%up 132% from 2024
  3. Rest Of World150.6M CNY613%up 39% from 2024
  4. Japan139.2M CNY612%up 10% from 2024
  5. United States99.0M CNY69%up 13% from 2024
Regions by year
Regions202320242025
China343.1M CNY346.8M CNY443.2M CNY
Europe92.5M CNY137.1M CNY318.4M CNY
Rest Of World90.8M CNY108.7M CNY150.6M CNY
Japan113.1M CNY126.5M CNY139.2M CNY
United States30.0M CNY87.8M CNY99.0M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue28¢$45.2M
  • Other costs72¢$118.1M
  • Income tax1¢$1.2M

Out of $164.5M in revenue.6 The company lost money this year.

Financial statements

Revenue91011121314156$164.5M in 2025−77% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $724.6M$724.6M20182019: $515.3M$515.3M2019−29%2020: $238.0M$238.0M2020−54%2021: $123.1M$123.1M2021−48%2022: $128.2M$128.2M2022+4%2023: $94.3M$94.3M2023−26%2024: $110.5M$110.5M2024+17%2025: $164.5M$164.5M2025+49%
Gross profit91011121314156$119.3M in 2025−76% since 2018
0$200.0M$400.0M$600.0M2018: $500.5M$500.5M20182019: $336.9M$336.9M2019−33%2020: $165.1M$165.1M2020−51%2021: $82.7M$82.7M2021−50%2022: $91.6M$91.6M2022+11%2023: $61.6M$61.6M2023−33%2024: $74.7M$74.7M2024+21%2025: $119.3M$119.3M2025+60%
Operating income91011121314156-$25.7M in 2025
-$200.0M-$100.0M0$100.0M2018: $68.0M$68.0M20182019: -$159.6M-$159.6M20192020: -$81.4M-$81.4M2020−49%2021: -$36.0M-$36.0M2021−56%2022: -$32.7M-$32.7M2022−9%2023: -$29.6M-$29.6M2023−10%2024: -$59.9M-$59.9M2024+103%2025: -$25.7M-$25.7M2025−57%
Net income91011121314156-$36.9M in 2025
-$100.0M0$100.0M$200.0M2018: $169.7M$169.7M20182019: -$45.1M-$45.1M20192020: $63.9M$63.9M20202021: -$55.1M-$55.1M20212022: -$74.4M-$74.4M2022+35%2023: -$84.9M-$84.9M2023+14%2024: -$84.6M-$84.6M2024−0%2025: -$36.9M-$36.9M2025−56%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Total Revenues1.2B CNY806.9M CNY669.5M CNY
Cost of revenues (a)-316.4M CNY-261.7M CNY-231.9M CNY
Gross profit834.0M CNY545.2M CNY437.6M CNY
Research and development-346.2M CNY-243.4M CNY-178.2M CNY
Selling and marketing-362.7M CNY-342.4M CNY-242.5M CNY
General and administrative-266.5M CNY-244.4M CNY-229.5M CNY
Impairment of goodwill and intangible assets-41.6M CNY-152.9M CNY
Other operating income, net3.5M CNY637.0K CNY2.9M CNY
Total operating expenses-1.0B CNY-982.5M CNY-647.4M CNY
Operating loss-179.4M CNY-437.3M CNY-209.8M CNY
Interest income, net30.6M CNY44.4M CNY61.0M CNY
Foreign exchange (losses)/gains30.8M CNY-21.7M CNY-11.4M CNY
Other income36.9M CNY52.1M CNY96.8M CNY
Other expense-145.5M CNY-191.8M CNY-574.1M CNY
Loss before taxes-226.7M CNY-554.3M CNY-637.6M CNY
Income tax benefits/(expenses)-8.5M CNY-47.3M CNY43.8M CNY
Net loss-235.2M CNY-601.6M CNY-593.9M CNY
Less: net income attributable to noncontrolling interests22.6M CNY16.0M CNY9.0M CNY
Net loss-257.7M CNY-617.6M CNY-602.9M CNY
Basic-0 CNY-0 CNY-0 CNY
Diluted-0 CNY-0 CNY-0 CNY
Basic-9 CNY-21 CNY-20 CNY
Diluted-9 CNY-21 CNY-20 CNY
Basic1.5B shares1.5B shares1.5B shares
Diluted1.5B shares1.5B shares1.5B shares
Foreign currency translation adjustments-50.4M CNY49.0M CNY45.8M CNY
Unrealized (losses)/gain on available-for-sale securities, net1.1M CNY2.6M CNY-43.5M CNY
Other comprehensive income/(loss)-49.3M CNY51.7M CNY2.3M CNY
Total comprehensive loss-284.5M CNY-549.9M CNY-591.6M CNY
Less: total comprehensive income attributable to noncontrolling interests21.4M CNY14.1M CNY8.4M CNY
Total comprehensive loss attributable to Cheetah Mobile Inc.-305.9M CNY-564.0M CNY-600.0M CNY
Conversion ratio, ADS to Class A ordinary share50.0K pure50.0K pure50.0K pure

Compare Cheetah Mobile with another company

Corporate structure

Cheetah Mobile is part of a group headed by Kingsoft. 13 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Cheetah Mobile

  • Tencent Holdings Ltd Filed SCHEDULE 13D/A on Cheetah Mobile, latest Apr 17, 2025
  • Shengdong Pang Filed SC 13G on Cheetah Mobile, latest Oct 29, 2024
  • Sheng Fu Filed SC 13D/A on Cheetah Mobile, latest Oct 13, 2023 (2 filings since Mar 22, 2022)

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Cheetah Mobile reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$15.4M6 Dec 31, 2025$17.3M15 Dec 31, 2024−10.9%
Property and equipment, net$5.8M6 Dec 31, 2025$7.1M15 Dec 31, 2024−18.5%
Operating-lease assets (leased space)$2.4M6 Dec 31, 2025$3.6M15 Dec 31, 2024−33.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$215.4M6 Dec 31, 2025$251.1M15 Dec 31, 2024−14.2%
Marketable securities, current$1.4M6 Dec 31, 2025$46.0K15 Dec 31, 2024+2860.9%
Marketable securities, non-current$10.4M6 Dec 31, 2025$13.0M15 Dec 31, 2024−20.4%
Stakes in other companies (equity method)$29.4M6 Dec 31, 2025$28.8M15 Dec 31, 2024+2.3%
Long-term investments$98.4M6 Dec 31, 2025$112.0M15 Dec 31, 2024−12.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$65.8M6 Dec 31, 2025$58.1M15 Dec 31, 2024+13.2%
Intangible assets, net (excluding goodwill)$7.7M6 Dec 31, 2025$26.1M15 Dec 31, 2024−70.4%
Finite-lived intangibles, gross663.2M CNY6 Dec 31, 2025633.3M CNY6 Dec 31, 2024+4.7%
Accumulated amortization499.7M CNY6 Dec 31, 2025373.9M CNY6 Dec 31, 2024+33.6%
Finite-lived intangibles, net$7.7M6 Dec 31, 2025$26.1M15 Dec 31, 2024−70.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$7.7M6 Dec 31, 2025$8.1M15 Dec 31, 2024−5.5%
Finished goods$6.4M15 Dec 31, 2024$4.0M14 Dec 31, 2023+62.1%

The story

Chen Rui (陈睿 current CEO of Bilibili) founded Cheetah Mobile. The company was established in 2010 as a merger of Kingsoft Security (where Chen served as General Manager) and Conew Image (which was founded by Sheng Fu).

In 2014, Cheetah Mobile launched an IPO selling 13 million American depositary shares at US$14 per share, and thereby raised US$168 million. The IPO was managed by Morgan Stanley, JP Morgan Chase & Co., and Credit Suisse Group. Kingsoft and Tencent are major investors in Cheetah Mobile, holding 54% and 18% respectively.

In late 2015, Cheetah Mobile announced that it had entered into a global strategic partnership with Yahoo. The company incorporated Yahoo's search and native advertising platforms within its own apps.

In February 2016, Cheetah Mobile and Cubot launched the CheetahPhone, an Android 6.0 Marshmallow based smartphone, at MWC in Barcelona, Spain.

On April 1, 2015 Cheetah Mobile acquired French mobile advertising firm MobPartner, valued at $58 million. On August 2, 2016, Cheetah Mobile announced its acquisition of a French startup News Republic for $57 million. News Republic is a news aggregator.

On February 20, 2020, Cheetah Mobile was banned from Google Play due to their scheme of ad fraud, resulting in all of their apps being removed as part of a 600 app deletion.

In September 2022, the U.S. Securities and Exchange Commission charged the company's CEO and former President with insider trading. The SEC found that Sheng Fu, CEO, and Ming Xu, then-President and CTO of Cheetah Mobile, established a trading plan after learning of a significant drop in advertising revenues from their largest partner. In 2016, they sold 96,000 Cheetah Mobile shares under this plan, avoiding losses of approximately $203,290 and $100,127, respectively. Sheng Fu also made misleading public statements about the company's revenue trends and failed to disclose negative revenue trends in its 2016 reports. Both Fu and Xu violated antifraud provisions of the Securities Exchange Act, with Fu also violating provisions of the Securities Act, leading to cease-and-desist orders and civil penalties of $556,580 for Fu and $200,254 for Xu.

From Wikipedia’s article on Cheetah Mobile, shared under CC BY-SA 4.0.8

Leadership

Who has led Cheetah Mobile, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Thomas Jintao Ren2026–now
2010201520202025
Board members and other officers (6)

Products and brands

  • software

Listed on Wikidata.1

Subsidiaries and ownership

Parent company

Owners

Subsidiaries

From Wikidata.1

Former names

  • Kingsoft Internet Software Holdings LtdJan 27, 2014 to Mar 6, 20147

Timeline

  1. May 8, 2014Went public Listed on NYSE1
  2. 2009Founded Founded1

Calendar

Coming up

  1. Nov 25, 2026Reports results for the quarter ending Sep/202621

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

61 filings to the SEC since October 2021: 5 annual reports, 10 insider forms, 4 large holders, 42 other. The latest 20:

  1. Sep 22, 20264 EDGAR
  2. Sep 11, 20266-K EDGAR
  3. Jun 22, 20264 EDGAR
  4. Jun 22, 20264 EDGAR
  5. Jun 10, 20266-K EDGAR
  6. Apr 23, 202620-F EDGAR
  7. Mar 27, 20263 EDGAR
  8. Mar 24, 20266-K EDGAR
  9. Mar 18, 20263 EDGAR
  10. Mar 18, 20263 EDGAR
  11. Mar 18, 20263 EDGAR
  12. Mar 18, 20263 EDGAR
  13. Mar 18, 20263 EDGAR
  14. Mar 18, 20263 EDGAR
  15. Nov 26, 20256-K EDGAR
  16. Sep 11, 20256-K EDGAR
  17. Jul 28, 20256-K EDGAR
  18. Jun 20, 20256-K EDGAR
  19. Apr 17, 2025SCHEDULE 13D/A EDGAR
  20. Apr 15, 202520-F EDGAR

The 61 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Tencent Holdings LtdSCHEDULE 13D/A, 1 filing Apr 17, 202522
  • Shengdong PangSC 13G, 1 filing Oct 29, 202423
  • Sheng FuSC 13D/A, 2 filings Mar 22, 2022 to Oct 13, 202324

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Russell Investments Group, Ltd.38,766$118.2K0.0%No change
Renaissance Technologies LLC38,654$116.7K0.0%+5,812
Morgan Stanley18,164$54.9K0.0%−15,316
XTX Topco Ltd14,469$43.7K0.0%New
Goldman Sachs Group Inc11,135$33.6K0.0%−4,509
Citadel Advisors LLC10,781$32.6K0.0%New
Bnp Paribas Financial Markets3,700$11.2K0.0%No change
Simplex Trading, LLC1,023$3.1K0.0%New
Jpmorgan Chase & Co366$1.1K0.0%−40
Group One Trading LLC138$4170.0%New
UBS Group AG125$3770.0%−164
SBI Securities Co., Ltd.99$2990.0%No change
Acadian Asset Management LLC30,521$890.0%−3,100
Virtu Financial LLC13,281$400.0%New
Caitong International Asset Management Co., Ltd2$60.0%+1

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Cheetah Mobile is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCheetah Mobile Inc.2
  • CIK0001597835
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company25
  • Incorporated inCayman Islands25
  • Fiscal year endsDecember 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business addressBldg No.11, Wandong Science & Technology, Cultural Park, No.7 Sanjianfangnanli, Chaoyang District, Beijing, F4 1000242
  • Phone86 10 6292 77792
  • Shares outstanding511,244,362 Common Class A shares; 1,040,686,985 Common Class B shares as of Dec 31, 202525
  • AuditorMarcum Asia CPAs LLP, Beijing China PCAOB ID 5395; no auditor attestation of internal control over financial reporting25
  • On EDGAR sinceJan 27, 20142
  • Filings212 in all: 6-K (87), CORRESP (21), UPLOAD (19), SC 13G/A (17), 20-F (12), SC 13G (12), 3 (7), 144 (3)2
    All 28 form types

    4 (3), DRSLTR (3), F-1/A (3), SC 13D (3), 20-F/A (2), DRS/A (2), EFFECT (2), NT 20-F (2), S-8 (2), SC 13D/A (2), 424B3 (1), 424B4 (1), 8-A12B (1), CERTNYS (1), CT ORDER (1), DRS (1), F-1 (1), F-6 (1), FWP (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (20-F) Apr 23, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares, each representing fifty Class A ordinary sharesCMCMThe New York Stock Exchange
Class A ordinary shares, par value US$0.000025 per share*

From the cover page of the 20-F filed Apr 23, 2026 (Section 12(b) of the Exchange Act).25

Sources

The numbers on this page point here. Each one links to the record it came from.

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