Kingsoft Cloud Holdings (KC) Operating Expenses (2019 - 2025)
Kingsoft Cloud Holdings posted quarterly Operating Expenses of -$76.0 million for Q4 2025, down 18.23% year-on-year from -$93.0 million in Q4 2024, and down 2.89% on a QoQ basis from -$73.9 million in Q3 2025.
Kingsoft Cloud Holdings (KC) has 7 years of Operating Expenses data on file, last reported 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.
- Across five years, Operating Expenses topped out at -$64.3 million in Q4 2024 and bottomed at -$206.2 million in Q3 2024.
- The 5-year median for Operating Expenses is -$85.2 million (2021), against an average of -$94.9 million.
- The widest annual swing landed in 2021, when Operating Expenses sank 111.7%; it then soared 64.16% in 2025.
- A 5-year view of Operating Expenses shows it stood at -$109.6 million in 2021, then declined by 9.02% to -$119.5 million in 2022, then increased by 29.78% to -$83.9 million in 2023, then advanced by 23.36% to -$64.3 million in 2024, then declined 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 6.82 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 1.16 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 2.33 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 1.04 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 3.32 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 4.54 Bn |
| 10 | Kingsoft Cloud Holdings | 8.23 Bn | 7.37 Bn | 66.54 Mn | -76.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -76.05 Mn |
| Sep 30, 2025 | -73.91 Mn |
| Jun 30, 2025 | -92.95 Mn |
| Mar 31, 2025 | -76.14 Mn |
| Dec 31, 2024 | -64.32 Mn |
| Sep 30, 2024 | -206.21 Mn |
| Jun 30, 2024 | -82.00 Mn |
| Mar 31, 2024 | -78.59 Mn |
| Dec 31, 2023 | -83.93 Mn |
| Sep 30, 2023 | -137.21 Mn |
| Jun 30, 2023 | -78.57 Mn |
| Mar 31, 2023 | -115.33 Mn |
| Dec 31, 2022 | -119.52 Mn |
| Sep 30, 2022 | -88.09 Mn |
| Jun 30, 2022 | -92.15 Mn |
| Mar 31, 2022 | -96.67 Mn |
| Dec 31, 2021 | -109.63 Mn |
| Sep 30, 2021 | -86.52 Mn |
| Jun 30, 2021 | -67.98 Mn |
| Mar 31, 2021 | -71.53 Mn |
| Dec 31, 2020 | -51.78 Mn |
| Sep 30, 2020 | -52.39 Mn |
| Jun 30, 2020 | -72.33 Mn |
| Mar 31, 2020 | -50.78 Mn |
| Dec 31, 2019 | -50.65 Mn |
| Sep 30, 2019 | -42.61 Mn |
| Jun 30, 2019 | -41.56 Mn |
| Mar 31, 2019 | -31.44 Mn |