Cheetah Mobile (CMCM) Cost of Revenue (2013 - 2026)
Cheetah Mobile's (CMCM) quarterly Cost of Revenue came in at $13.4 million in Q1 2026, up 39.9% YoY from $9.6 million in Q1 2025, and down 9.44% on a QoQ basis from $14.8 million in Q4 2025.
Cheetah Mobile (CMCM) Cost of Revenue (2013 - 2026) Analysis & Trends
Cheetah Mobile (CMCM) has 14 years of Cost of Revenue data on file, last reported at $13.4 million in Q1 2026.
- Quarterly Cost of Revenue rose 39.9% year-over-year to $13.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $48.3 million (up 5.31% YoY) and the FY2025 annual result came in at $45.2 million, up 26.21% from the prior year.
- Cost of Revenue retreated to $13.4 million in Q1 2026, from $14.8 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $18.8 million in Q4 2022 to a low of $7.0 million in Q3 2023.
- A 5-year average of $11.7 million and a median of $10.0 million in 2025 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2024 — Cost of Revenue jumped 128.62% — and 2025, when it slumped 47.33%.
- Tracing CMCM's Cost of Revenue over 5 years: stood at $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, then declined by 9.44% to $13.4 million in 2026.
- The last three Cost of Revenue figures came in at $13.4 million (Q1 2026), $14.8 million (Q4 2025), and $10.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,198.66 Bn | 3,769.62 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,534.83 Bn | 1,444.57 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Taboola.com | 1,134.89 Bn | 1,134.76 Bn | 139.48 Mn | 337.35 Mn |
| 4 | Baidu | 289.38 Bn | 284.89 Bn | 1.88 Mn | 2.84 Bn |
| 5 | Spotify Technology | 103.04 Bn | 92.80 Bn | 1.75 Bn | 3.56 Bn |
| 6 | Joyy | 77.48 Bn | 76.59 Bn | 205.64 Mn | 376.28 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 131,586.00 |
| 8 | Nebius | 49.27 Bn | 39.64 Bn | 295.20 Mn | 103.80 Mn |
| 9 | 30.43 Bn | 27.64 Bn | 734.60 Mn | 70.31 Mn | |
| 10 | Cheetah Mobile | 4.73 Bn | 4.55 Bn | 24.15 Mn | 13.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.40 Mn |
| Mar 31, 2026 | 13.40 Mn |
| Dec 31, 2025 | 14.80 Mn |
| Dec 31, 2025 | 14.80 Mn |
| Sep 30, 2025 | 10.26 Mn |
| Sep 30, 2025 | 10.26 Mn |
| Jun 30, 2025 | 9.83 Mn |
| Jun 30, 2025 | 9.83 Mn |
| Mar 31, 2025 | 9.58 Mn |
| Mar 31, 2025 | 9.58 Mn |
| Dec 31, 2024 | 8.81 Mn |
| Dec 31, 2024 | 8.81 Mn |
| Sep 30, 2024 | 8.79 Mn |
| Sep 30, 2024 | 8.79 Mn |
| Jun 30, 2024 | 18.67 Mn |
| Jun 30, 2024 | 18.67 Mn |
| Mar 31, 2024 | 10.66 Mn |
| Mar 31, 2024 | 10.66 Mn |
| Dec 31, 2023 | 16.70 Mn |
| Dec 31, 2023 | 16.70 Mn |