Cheetah Mobile (CMCM) Cost of Revenue (2013 - 2025)

Cheetah Mobile has reported Cost of Revenue for 13 years, with the latest figure at $14.8 million in Q4 2025.

• For the quarter ending Q4 2025, Cost of Revenue rose 67.94% year-over-year to $14.8 million; the trailing twelve-month figure through Dec 2025 stood at $44.5 million (down 5.26% YoY), and the FY2025 full-year result was $45.2 million, down 3.55% from the prior year.
• Cost of Revenue for Q4 2025 stood at $14.8 million, up from $10.3 million in the prior quarter.
• The five-year high for Cost of Revenue was $23.1 million in Q4 2021, with the low at $7.0 million in Q3 2023.
• Historically, Cost of Revenue has averaged $11.9 million across 5 years, with a median of $9.8 million in 2025.
• Annual changes were most pronounced in 2021 — Cost of Revenue plunged 56.58% — and 2024, when it jumped 128.62%.
• Cheetah Mobile's Cost of Revenue stood at $23.1 million in 2021, then declined by 18.85% to $18.8 million in 2022, then slipped by 10.93% to $16.7 million in 2023, then sank by 47.25% to $8.8 million in 2024, then surged by 67.94% to $14.8 million in 2025.
• The last three Cost of Revenue figures came in at $14.8 million (Q4 2025), $10.3 million (Q3 2025), and $9.8 million (Q2 2025), per Business Quant data.