Kingsoft Cloud Holdings (KC) Cost of Revenue (2019 - 2026)
Kingsoft Cloud Holdings' (KC) quarterly Cost of Revenue came in at $384.0 million in Q2 2026, up 36.85% on a YoY basis from $280.6 million in Q2 2025, and up 12.35% quarter-over-quarter from $341.8 million in Q1 2026.
Analysis
Kingsoft Cloud Holdings (KC) Cost of Revenue (2019 - 2026) Analysis & Trends
Kingsoft Cloud Holdings (KC) has reported Cost of Revenue for 8 consecutive years, with $384.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 36.85% year-over-year to $384.0 million; the trailing twelve-month figure through Jun 2026 stood at $1.3 billion (up 37.47% YoY), and the FY2025 full-year result was $1.2 billion, up 30.47% from the prior year.
- Cost of Revenue rose to $384.0 million in Q2 2026 per KC's latest filing, from $341.8 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $384.0 million in Q2 2026 and bottomed at $195.9 million in Q3 2023.
- Historically, Cost of Revenue has averaged $265.1 million across 5 years, with a median of $253.5 million in 2022.
- The sharpest annual moves came in 2022 and 2026: Cost of Revenue slumped 30.87% in 2022, then soared 50.19% in 2026.
- Over 5 years, Cost of Revenue stood at $285.5 million in 2022, then slipped by 27.51% to $206.9 million in 2023, then advanced by 19.57% to $247.4 million in 2024, then jumped by 32.69% to $328.3 million in 2025, then rose by 16.97% to $384.0 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $384.0 million, $341.8 million, and $328.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,711.27 Bn | 3,578.52 Bn | 60.48 Bn | 29.53 Bn |
| 2 | International Business Machines | 221.25 Bn | 209.98 Bn | 9.91 Bn | 7.26 Bn |
| 3 | Nebius | 57.28 Bn | 49.24 Bn | 448.70 Mn | 133.60 Mn |
| 4 | CoreWeave | 49.24 Bn | 43.70 Bn | 1.70 Bn | 879.00 Mn |
| 5 | Nutanix | 18.40 Bn | 16.38 Bn | 610.79 Mn | 92.28 Mn |
| 6 | DigitalOcean Holdings | 11.81 Bn | 11.04 Bn | 154.66 Mn | 126.52 Mn |
| 7 | Kingsoft Cloud Holdings | 3.27 Bn | 2.57 Bn | 68.71 Mn | 384.04 Mn |
| 8 | SharonAI Holdings | 2.00 Bn | 139.21 Mn | 1.17 Mn | 761,755.00 |
| 9 | Tuya | 1.16 Bn | 182.03 Mn | 43.05 Mn | 49.89 Mn |
| 10 | Backblaze | 776.06 Mn | 724.68 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 384.04 Mn |
| Mar 31, 2026 | 341.84 Mn |
| Dec 31, 2025 | 328.33 Mn |
| Sep 30, 2025 | 294.58 Mn |
| Jun 30, 2025 | 280.64 Mn |
| Mar 31, 2025 | 227.61 Mn |
| Dec 31, 2024 | 247.44 Mn |
| Sep 30, 2024 | 225.47 Mn |
| Jun 30, 2024 | 216.51 Mn |
| Mar 31, 2024 | 205.31 Mn |
| Dec 31, 2023 | 206.95 Mn |
| Sep 30, 2023 | 195.86 Mn |
| Jun 30, 2023 | 224.62 Mn |
| Mar 31, 2023 | 243.20 Mn |
| Dec 31, 2022 | 285.49 Mn |
| Sep 30, 2022 | 259.56 Mn |
| Jun 30, 2022 | 274.90 Mn |
| Mar 31, 2022 | 330.30 Mn |
| Dec 31, 2021 | 412.99 Mn |
| Sep 30, 2021 | 360.90 Mn |