Kingsoft Cloud Holdings (KC) Research & Development (2019 - 2025)
Kingsoft Cloud Holdings (KC) posted Research & Development of -$27.2 million for Q4 2025, up 3.02% on a QoQ basis from -$28.0 million in Q3 2025, and down 13.99% year-over-year from -$31.6 million in Q4 2024.
Kingsoft Cloud Holdings (KC) Research & Development (2019 - 2025) Analysis & Trends
Kingsoft Cloud Holdings' Research & Development history runs 7 years deep, the most recent figure standing at -$27.2 million for 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 was -$27.2 million for Q4 2025 at Kingsoft Cloud Holdings, up from -$28.0 million in the prior quarter.
- Across five years, Research & Development topped out at -$23.9 million in Q4 2024 and bottomed at -$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 sank 68.96% — and 2023, when it surged 33.4%.
- Kingsoft Cloud Holdings' Research & Development stood at -$43.7 million in 2021, then gained by 15.15% to -$37.0 million in 2022, then jumped by 33.4% to -$24.7 million in 2023, then increased by 3.29% to -$23.9 million in 2024, then fell by 13.99% to -$27.2 million in 2025.
- Business Quant data shows KC's Research & Development at -$27.2 million in Q4 2025, -$28.0 million in Q3 2025, and -$27.1 million in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -37.02 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 496.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.33 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 3.77 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 1.37 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 253.90 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 588.95 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 508.44 Mn |
| 10 | Kingsoft Cloud Holdings | 39.80 Bn | 38.95 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 |