Kingsoft Cloud Holdings (KC) Operating Expenses (2019 - 2025)

Kingsoft Cloud Holdings has reported Operating Expenses for 7 years, with the latest figure at -$76.0 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses fell 18.23% year-over-year to -$76.0 million; the trailing twelve-month figure through Dec 2025 stood at -$319.0 million (up 26.0% YoY), and the FY2025 full-year result was $325.5 million, down 22.86% from the prior year.
• Operating Expenses for Q4 2025 stood at -$76.0 million, down from -$73.9 million in the prior quarter.
• The five-year high for Operating Expenses was -$64.3 million in Q4 2024, with the low at -$206.2 million in Q3 2024.
• Historically, Operating Expenses has averaged -$94.9 million across 5 years, with a median of -$85.2 million in 2021.
• Annual changes were most pronounced in 2021 — Operating Expenses tumbled 111.7% — and 2025, when it soared 64.16%.
• Kingsoft Cloud Holdings' Operating Expenses stood at -$109.6 million in 2021, then dropped by 9.02% to -$119.5 million in 2022, then grew by 29.78% to -$83.9 million in 2023, then gained by 23.36% to -$64.3 million in 2024, then dropped by 18.23% to -$76.0 million in 2025.
• The last three Operating Expenses figures came in at -$76.0 million (Q4 2025), -$73.9 million (Q3 2025), and -$92.9 million (Q2 2025), per Business Quant data.