Cheetah Mobile (CMCM) Operating Expenses (2013 - 2026)
Cheetah Mobile's (CMCM) quarterly Operating Expenses came in at -$29.8 million in Q2 2026, up 9.48% year-over-year from -$27.2 million in Q2 2025, and down 5.51% on a QoQ basis from -$28.2 million in Q1 2026.
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Analysis
Cheetah Mobile (CMCM) Operating Expenses (2013 - 2026) Analysis & Trends
Cheetah Mobile (CMCM) has 14 years of Operating Expenses data on file, last reported at -$29.8 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 9.48% year-over-year to -$29.8 million in Q2 2026; TTM through Jun 2026 was -$137.8 million, a 4.01% increase from a year earlier, with the FY2025 full-year figure at -$144.9 million, down 7.67% from the prior year.
- Operating Expenses for Q2 2026 stood at -$29.8 million, down from -$28.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$21.5 million in Q3 2023 and bottomed at -$72.1 million in Q4 2022.
- Historically, Operating Expenses has averaged -$34.8 million across 5 years, with a median of -$29.6 million in 2025.
- The widest annual swing landed in 2022, when Operating Expenses tumbled 35.18%; it then soared 38.36% in 2023.
- Year by year, Operating Expenses stood at -$72.1 million in 2022, then soared by 38.36% to -$44.4 million in 2023, then declined by 17.14% to -$52.0 million in 2024, then climbed by 3.52% to -$50.2 million in 2025, then soared by 40.65% to -$29.8 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$29.8 million in Q2 2026, -$28.2 million in Q1 2026, and -$50.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 49.08 Bn | 47.84 Bn | 1.53 Bn | 1.32 Bn |
| 2 | Dropbox | 7.45 Bn | 6.33 Bn | 506.50 Mn | 341.70 Mn |
| 3 | Open Text | 5.57 Bn | 4.61 Bn | 1.01 Bn | 691.79 Mn |
| 4 | Box | 4.51 Bn | 4.07 Bn | 253.97 Mn | 221.33 Mn |
| 5 | Monday.Com | 4.35 Bn | 3.27 Bn | 321.96 Mn | 323.50 Mn |
| 6 | Asana | 2.10 Bn | 1.88 Bn | 186.10 Mn | 227.32 Mn |
| 7 | Cheetah Mobile | 81.58 Mn | -80.47 Mn | 24.85 Mn | -29.80 Mn |
| 8 | Upland Software | 10.94 Mn | -20.73 Mn | 37.47 Mn | 67.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -29.80 Mn |
| Mar 31, 2026 | -28.25 Mn |
| Dec 31, 2025 | -50.21 Mn |
| Sep 30, 2025 | -29.56 Mn |
| Jun 30, 2025 | -32.92 Mn |
| Mar 31, 2025 | -29.77 Mn |
| Dec 31, 2024 | -52.05 Mn |
| Sep 30, 2024 | -28.84 Mn |
| Jun 30, 2024 | -27.39 Mn |
| Mar 31, 2024 | -26.86 Mn |
| Dec 31, 2023 | -44.43 Mn |
| Sep 30, 2023 | -21.49 Mn |
| Jun 30, 2023 | -25.04 Mn |
| Mar 31, 2023 | -22.88 Mn |
| Dec 31, 2022 | -72.09 Mn |
| Dec 31, 2021 | -53.33 Mn |
| Sep 30, 2021 | -28.70 Mn |
| Jun 30, 2021 | -34.07 Mn |
| Mar 31, 2021 | -29.85 Mn |
| Dec 31, 2020 | -41.59 Mn |
API Access
Cheetah Mobile Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CMCM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CMCM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CMCM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();