Kingsoft Cloud Holdings (KC) Research & Development (2019 - 2025)
Kingsoft Cloud Holdings posted quarterly Research & Development of -$27.2 million for Q4 2025, down 13.99% year-on-year 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) has 7 years of Research & Development data on file, last reported at -$27.2 million in Q4 2025.
- For the quarter ending Q4 2025, Research & Development fell 13.99% year-over-year to -$27.2 million; the trailing twelve-month figure through Dec 2025 stood at -$113.5 million (up 3.52% YoY), and the FY2025 full-year result was $115.9 million, changed 0.03% from the prior year.
- Research & Development for Q4 2025 stood at -$27.2 million, 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.
- The 5-year median for Research & Development is -$31.7 million (2023), against an average of -$32.3 million.
- The widest annual swing landed in 2021, when Research & Development plunged 68.96%; it then surged 33.4% in 2023.
- A 5-year view of Research & Development shows it stood at -$43.7 million in 2021, then rose by 15.15% to -$37.0 million in 2022, then soared by 33.4% to -$24.7 million in 2023, then grew by 3.29% to -$23.9 million in 2024, then declined 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 1.62 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 437.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 823.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 508.44 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.11 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 840.00 Mn |
| 10 | Kingsoft Cloud Holdings | 8.23 Bn | 7.37 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 |
| Dec 31, 2020 | -27.75 Mn |
| Sep 30, 2020 | -24.68 Mn |
| Jun 30, 2020 | -32.67 Mn |
| Mar 31, 2020 | -27.63 Mn |
| Dec 31, 2019 | -24.33 Mn |
| Sep 30, 2019 | -22.24 Mn |
| Jun 30, 2019 | -21.05 Mn |
| Mar 31, 2019 | -18.42 Mn |