Cheetah Mobile (CMCM) Operating Expenses (2013 - 2026)
Cheetah Mobile's (CMCM) quarterly Operating Expenses came in at -$28.2 million in Q1 2026, up 5.12% YoY from -$26.9 million in Q1 2025, and up 43.75% on a QoQ basis from -$50.2 million in Q4 2025.
Cheetah Mobile (CMCM) Operating Expenses (2013 - 2026) Analysis & Trends
Cheetah Mobile (CMCM) has 14 years of Operating Expenses data on file, last reported at -$28.2 million in Q1 2026.
- Quarterly Operating Expenses rose 5.12% year-over-year to -$28.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$140.9 million (up 14.95% YoY) and the FY2025 annual result came in at $2.9 million, up 0.97% from the prior year.
- Operating Expenses rose to -$28.2 million in Q1 2026, from -$50.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$21.5 million in Q3 2023 to a low of -$72.1 million in Q4 2022.
- A 5-year average of -$37.1 million and a median of -$29.7 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses slumped 119.92% — and 2025, when it surged 40.21%.
- Tracing CMCM's Operating Expenses over 5 years: stood at -$72.1 million in 2022, then surged by 38.36% to -$44.4 million in 2023, then retreated by 17.14% to -$52.0 million in 2024, then increased by 3.52% to -$50.2 million in 2025, then surged by 43.75% to -$28.2 million in 2026.
- The last three Operating Expenses figures came in at -$28.2 million (Q1 2026), -$50.2 million (Q4 2025), and -$29.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,226.97 Bn | 3,797.93 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,534.26 Bn | 1,444.00 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn | 132.22 Mn |
| 4 | Baidu | 289.47 Bn | 284.98 Bn | 1.88 Mn | 4.19 Bn |
| 5 | Spotify Technology | 102.75 Bn | 92.51 Bn | 1.75 Bn | 512.79 Mn |
| 6 | Joyy | 77.93 Bn | 77.04 Bn | 205.64 Mn | -187.82 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 303,858.00 |
| 8 | Nebius | 49.20 Bn | 39.57 Bn | 295.20 Mn | 527.00 Mn |
| 9 | 30.47 Bn | 27.69 Bn | 734.60 Mn | 573.19 Mn | |
| 10 | Cheetah Mobile | 4.66 Bn | 4.47 Bn | 24.15 Mn | -28.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -55.07 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 |
| Sep 30, 2020 | -55.61 Mn |