Kingsoft Cloud Holdings (KC) Research & Development (2019 - 2025)
Kingsoft Cloud Holdings' (KC) quarterly Research & Development came in at -$27.2 million in Q4 2025, down 13.99% YoY from -$31.6 million in Q4 2024, and up 3.02% on a QoQ basis from -$28.0 million in Q3 2025.
Kingsoft Cloud Holdings (KC) Research & Development (2019 - 2025) Analysis & Trends
Kingsoft Cloud Holdings (KC) has 7 years of Research & Development data on file, last reported at -$27.2 million in Q4 2025.
- Quarterly Research & Development fell 13.99% year-over-year to -$27.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$113.5 million (up 3.52% YoY) and the FY2025 annual result came in at $115.9 million, changed 0.03% from the prior year.
- Research & Development grew to -$27.2 million in Q4 2025, from -$28.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$23.9 million in Q4 2024 to a low of -$43.7 million in Q4 2021.
- A 5-year average of -$32.3 million and a median of -$31.7 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2021 — Research & Development slumped 68.96% — and 2023, when it surged 33.4%.
- Tracing KC's Research & Development over 5 years: stood at -$43.7 million in 2021, then increased by 15.15% to -$37.0 million in 2022, then surged by 33.4% to -$24.7 million in 2023, then climbed by 3.29% to -$23.9 million in 2024, then dropped by 13.99% to -$27.2 million in 2025.
- The last three Research & Development figures came in at -$27.2 million (Q4 2025), -$28.0 million (Q3 2025), and -$27.1 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Kingsoft Cloud Holdings | 3.50 Bn | 2.63 Bn | 66.54 Mn | -27.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -27.20 Mn |
| Sep 30, 2025 | -28.04 Mn |
| Jun 30, 2025 | -27.12 Mn |
| Mar 31, 2025 | -31.17 Mn |
| Dec 31, 2024 | -23.86 Mn |
| Sep 30, 2024 | -33.62 Mn |
| Jun 30, 2024 | -28.07 Mn |
| Mar 31, 2024 | -32.13 Mn |
| Dec 31, 2023 | -24.67 Mn |
| Sep 30, 2023 | -27.46 Mn |
| Jun 30, 2023 | -26.74 Mn |
| Mar 31, 2023 | -31.36 Mn |
| Dec 31, 2022 | -37.04 Mn |
| Sep 30, 2022 | -34.88 Mn |
| Jun 30, 2022 | -32.99 Mn |
| Mar 31, 2022 | -38.91 Mn |
| Dec 31, 2021 | -43.66 Mn |
| Sep 30, 2021 | -41.71 Mn |
| Jun 30, 2021 | -35.97 Mn |
| Mar 31, 2021 | -40.39 Mn |