Cheetah Mobile (CMCM) Operating Expenses (2013 - 2025)

Cheetah Mobile has reported Operating Expenses for 13 years, with the latest figure at -$50.2 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses rose 3.52% year-over-year to -$50.2 million; the trailing twelve-month figure through Dec 2025 stood at -$142.5 million (down 5.43% YoY), and the FY2025 full-year result was $2.9 million, up 0.97% from the prior year.
• Operating Expenses for Q4 2025 stood at -$50.2 million, down from -$29.6 million in the prior quarter.
• The five-year high for Operating Expenses was -$21.5 million in Q3 2023, with the low at -$72.1 million in Q4 2022.
• Historically, Operating Expenses has averaged -$35.9 million across 5 years, with a median of -$29.8 million in 2025.
• Annual changes were most pronounced in 2021 — Operating Expenses jumped 59.99% — and 2022, when it slumped 35.18%.
• Cheetah Mobile's Operating Expenses stood at -$53.3 million in 2021, then tumbled by 35.18% to -$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.
• The last three Operating Expenses figures came in at -$50.2 million (Q4 2025), -$29.6 million (Q3 2025), and -$32.9 million (Q2 2025), per Business Quant data.