KC on Nasdaq

Kingsoft Cloud Holdings Ltd

Kingsoft Cloud Holdings Ltd is a prepackaged software services company in the Cayman Islands.1 Its shares trade on Nasdaq under the symbol KC.1

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Last updated Oct 20, 2026.

Overview

$1.4BRevenue, fiscal 20252
-$133.9MNet income, fiscal 20252

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  • TickerKC on Nasdaq1
  • IndustryServices-Prepackaged Software1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressBldg D, Xiaomi Science & Technology Park, No. 33 Xierqi Middle Road, Haidian District, Beijing, 000003
  • Filer categoryLarge accelerated filer3

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In January 2012, we incorporated Kingsoft Cloud Holdings Limited under the laws of the Cayman Islands as our offshore holding company. In February 2012, we incorporated Kingsoft Cloud Corporation Limited as Kingsoft Cloud Holdings Limited’s wholly owned subsidiary in Hong Kong.4 From its latest annual report

Financials

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

Key numbers, fiscal 2025

15.7%Gross margin2
-8.1%Operating margin2
-9.8%Net margin2
28.2%Revenue growth, 20252
-10.0%Return on equity2
0.32×Debt to equity2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue84¢$1.2B
  • Research and development8¢$115.9M
  • Other costs7¢$98.5M
  • Income tax0¢$601.0K

Out of $1.4B in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$543.5M

Out of $543.5M of cash from operations.2

Financial statements

Revenue567892$1.4B in 2025+36% since 2020
0$500.0M$1.0B$1.5B2020: $1.0B$1.0B20202021: $1.4B$1.4B2021+41%2022: $1.2B$1.2B2022−17%2023: $992.6M$992.6M2023−16%2024: $1.1B$1.1B2024+7%2025: $1.4B$1.4B2025+28%
Gross profit567892$215.0M in 2025+293% since 2020
0$100.0M$200.0M$300.0M2020: $54.7M$54.7M20202021: $55.1M$55.1M2021+1%2022: $62.3M$62.3M2022+13%2023: $119.7M$119.7M2023+92%2024: $183.7M$183.7M2024+53%2025: $215.0M$215.0M2025+17%
Operating income567892-$110.5M in 2025−40% since 2020
-$400.0M-$300.0M-$200.0M-$100.0M02020: -$185.0M-$185.0M20202021: -$284.4M-$284.4M2021+54%2022: -$326.4M-$326.4M2022+15%2023: -$297.0M-$297.0M2023−9%2024: -$238.2M-$238.2M2024−20%2025: -$110.5M-$110.5M2025−54%
Net income567892-$133.9M in 2025−9% since 2020
-$400.0M-$300.0M-$200.0M-$100.0M02020: -$147.5M-$147.5M20202021: -$249.3M-$249.3M2021+69%2022: -$385.4M-$385.4M2022+55%2023: -$306.5M-$306.5M2023−20%2024: -$269.4M-$269.4M2024−12%2025: -$133.9M-$133.9M2025−50%
Fiscal year2019202020212022202320242025
Revenue$1.0B5$1.4B6$1.2B7$992.6M8$1.1B9$1.4B2
Cost of revenue$953.3M5$1.4B6$1.1B7$872.9M8$882.9M9$1.2B2
Gross profit$54.7M5$55.1M6$62.3M7$119.7M8$183.7M9$215.0M2
Research and development$118.8M5$163.8M6$140.8M7$110.5M8$115.9M9$115.9M2
Operating expenses$339.5M6$388.7M7$416.7M8$421.9M9$325.5M2
Operating income-$185.0M5-$284.4M6-$326.4M7-$297.0M8-$238.2M9-$110.5M2
Interest$1.4M5$8.2M6$20.0M7$20.6M8
Income before tax-$247.3M6-$386.2M7-$305.0M8-$271.3M9-$135.5M2
Income tax$2.3M5$2.5M6$3.5M7$2.5M8-$209.0K9-$601.0K2
Net income-$147.5M5-$249.3M6-$385.4M7-$306.5M8-$269.4M9-$133.9M2
Earnings per share-$0.117-$0.098-$0.079-$0.032
Earnings per share (diluted)-$0.117-$0.098-$0.079-$0.032
Shares (weighted, basic)3.4B shares83.6B shares93.6B shares23.7B shares24.1B shares2
Shares (weighted, diluted)3.4B shares83.6B shares93.6B shares23.7B shares24.1B shares2

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Corporate structure

Kingsoft Cloud Holdings Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Kingsoft Cloud Holdings Ltd

  • CANADA PENSION PLAN INVESTMENT BOARD Filed SC 13G on Kingsoft Cloud Holdings Ltd, latest Feb 14, 2024
  • Xiaomi Corp Filed SC 13G/A on Kingsoft Cloud Holdings Ltd, latest Feb 6, 2024
  • FIRST TRUST PORTFOLIOS LP Filed SC 13G/A on Kingsoft Cloud Holdings Ltd, latest Feb 3, 2023 (2 filings since Jan 31, 2022)
  • Kingsoft Cloud Holdings Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Kingsoft Cloud Holdings Ltd 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
Property and equipment, before depreciation$2.4B2 Dec 31, 2025$1.3B9 Dec 31, 2024+82.9%
Property and equipment, net$1.4B2 Dec 31, 2025$634.3M9 Dec 31, 2024+127.6%
Finance-lease assets$512.3M2 Dec 31, 2025
Operating-lease assets (leased space)$14.1M2 Dec 31, 2025$18.8M9 Dec 31, 2024−25.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$860.6M2 Dec 31, 2025$362.9M9 Dec 31, 2024+137.2%
Marketable securities, current$02 Dec 31, 2025$12.4M9 Dec 31, 2024−100.0%
Stakes in other companies (equity method)$2.6M2 Dec 31, 2025$32.1M9 Dec 31, 2024−91.8%
Long-term investments$33.5M2 Dec 31, 2025

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$658.6M2 Dec 31, 2025$631.0M9 Dec 31, 2024+4.4%
Intangible assets, net (excluding goodwill)$76.2M2 Dec 31, 2025$95.2M9 Dec 31, 2024−20.0%
Indefinite-lived intangibles (excluding goodwill)0 CNY9 Dec 31, 20240 CNY9 Dec 31, 2023
Finite-lived intangibles, gross$187.6M2 Dec 31, 2025$178.1M9 Dec 31, 2024+5.4%
Accumulated amortization$111.4M2 Dec 31, 2025$82.9M9 Dec 31, 2024+34.5%
Finite-lived intangibles, net$76.2M2 Dec 31, 2025$95.2M9 Dec 31, 2024−20.0%

Leadership

Who has led Kingsoft Cloud Holdings Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Tao Zou2026–now

Chief financial officer

  1. Yi Li2026–now
  • Chief executive officerTao Zou Mar 18, 2026 to now10
  • Chief financial officerYi Li Mar 18, 2026 to now11
Board members and other officers (7)

Timeline

  1. Mar 18, 2026New chief executive Tao Zou becomes CEO10

Calendar

Coming up

  1. Nov 18, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.04) a share, on Nov 19, 2025.18

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

Filings

246 filings to the SEC since October 2021: 5 annual reports, 10 insider forms, 6 large holders, 225 other. The latest 20:

  1. Oct 7, 20266-K EDGAR
  2. Sep 21, 20266-K EDGAR
  3. Sep 4, 20266-K EDGAR
  4. Aug 21, 2026144 EDGAR
  5. Aug 19, 20266-K EDGAR
  6. Aug 19, 20266-K EDGAR
  7. Aug 6, 20266-K EDGAR
  8. Jul 21, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Jul 17, 20266-K EDGAR
  10. Jul 7, 20266-K EDGAR
  11. Jun 30, 20266-K EDGAR
  12. Jun 4, 20266-K EDGAR
  13. May 29, 20266-K EDGAR
  14. May 27, 20266-K EDGAR
  15. May 19, 20266-K EDGAR
  16. May 14, 20266-K EDGAR
  17. May 7, 20266-K EDGAR
  18. Apr 24, 20266-K EDGAR
  19. Apr 23, 20266-K EDGAR
  20. Apr 23, 20266-K EDGAR

The 246 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.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 17, 2026Zou TaoActing Chief Executive OfficerSale300,000$0.64$192.3KForm 4

From Forms 4 filed with the SEC.

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.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 84. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Artisan Partners Limited Partnership3,467,310$31.4M0.1%+1,115,859
Citigroup Inc1,164,643$10.5M0.0%+296,215
UBS Group AG1,040,255$9.4M0.0%−652,050
Bank Of America Corp /de/914,017$8.3M0.0%+748,513
State Street Corp890,600$8.1M0.0%+45,406
Morgan Stanley734,311$6.6M0.0%+99,891
Manufacturers Life Insurance Company, The712,071$6.4M0.0%+4,250
Defiance ETFs, LLC641,893$5.9M0.1%−17,045
Matthews International Capital Management LLC477,826$4.3M1.5%+257,447
Bnp Paribas Financial Markets347,306$3.1M0.0%+323,804
Deutsche Bank Ag\335,399$3.0M0.0%+17,410
Stifel Financial Corp238,301$2.2M0.0%+81,804
Inspire Investing, LLC224,400$2.0M0.1%New
Balyasny Asset Management L.P.197,701$1.8M0.0%+49,963
Schonfeld Strategic Advisors LLC190,211$1.7M0.0%+177,969
Citadel Advisors LLC167,025$1.5M0.0%+93,270
Sei Investments Co109,389$990.0K0.0%+47,980
Daiwa Securities Group Inc.98,300$889.6K0.0%+21,900
CenterBook Partners LP87,551$792.3K0.0%+19,852
Qube Research & Technologies Ltd86,817$785.7K0.0%New
National Bank Of Canada /fi/70,600$638.9K0.0%−66,200
Headlands Technologies LLC64,988$588.1K0.1%New
Vident Advisory, LLC62,037$561.4K0.0%+4,491
Millennium Management LLC60,890$551.1K0.0%New
Marex Group Ltd57,500$520.4K0.0%New

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

SEC filer profile

How Kingsoft Cloud Holdings Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKingsoft Cloud Holdings Ltd1
  • CIK0001795589
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business addressBldg D, Xiaomi Science & Technology Park, No. 33 Xierqi Middle Road, Haidian District, Beijing, 00000, China1
  • Phone86 10 8232 56551
  • Shares outstanding4,479,857,667 shares as of Dec 31, 20254
  • AuditorErnst & Young Hua Ming LLP, Beijing, the People’s Republic of China PCAOB ID 1408; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceDec 20, 20191
  • Filings298 in all: 6-K (193), 144 (20), UPLOAD (14), CORRESP (11), 3 (9), 20-F (6), DRSLTR (5), SC 13G (5)1
    All 25 form types

    DRS/A (4), F-1/A (4), FWP (3), S-8 (3), SC 13G/A (3), 424B4 (2), 424B5 (2), DRS (2), EFFECT (2), F-1 (2), F-3ASR (2), 4 (1), 424B3 (1), 424B7 (1), 8-A12B (1), CERT (1), F-1MEF (1)

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

Securities registered for trading

ClassSymbolExchange
American depositary shares, each ADS represents 15 ordinary shares, par valueUS$0.001 per shareKCThe Nasdaq Global Select Market
Ordinary shares, par value US$0.001 per share*The Nasdaq Global Select Market

From the cover page of the 20-F filed Apr 23, 2026 (Section 12(b) of the Exchange Act).4

Sources

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