Kingsoft Cloud Holdings (KC) Research & Development (2019 - 2026)
Kingsoft Cloud Holdings' (KC) quarterly Research & Development came in at -$28.0 million in Q2 2026, down 3.2% on a YoY basis from -$28.9 million in Q2 2025, and little changed quarter-over-quarter from -$28.0 million in Q1 2026.
Analysis
Kingsoft Cloud Holdings (KC) Research & Development (2019 - 2026) Analysis & Trends
Kingsoft Cloud Holdings (KC) has reported Research & Development for 8 consecutive years, with -$28.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development fell 3.2% year-over-year to -$28.0 million; the trailing twelve-month figure through Jun 2026 stood at -$111.3 million (up 3.89% YoY), and the FY2025 full-year result was -$115.9 million, changed 0.03% from the prior year.
- Research & Development held at -$28.0 million in Q2 2026 per KC's latest filing, 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 -$38.9 million in Q1 2022.
- Historically, Research & Development has averaged -$30.1 million across 5 years, with a median of -$28.1 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Research & Development soared 33.4% in 2023, then fell 22.41% in 2024.
- Over 5 years, Research & Development stood at -$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, then declined by 2.91% to -$28.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered -$28.0 million, -$28.0 million, and -$27.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,711.27 Bn | 3,578.52 Bn | 60.48 Bn | 10.00 Bn |
| 2 | International Business Machines | 221.25 Bn | 209.98 Bn | 9.91 Bn | 2.31 Bn |
| 3 | Nebius | 57.28 Bn | 49.24 Bn | 448.70 Mn | 191.00 Mn |
| 4 | CoreWeave | 49.24 Bn | 43.70 Bn | 1.70 Bn | 60.00 Mn |
| 5 | Nutanix | 18.40 Bn | 16.38 Bn | 610.79 Mn | 283.61 Mn |
| 6 | DigitalOcean Holdings | 11.81 Bn | 11.04 Bn | 154.66 Mn | 57.52 Mn |
| 7 | Kingsoft Cloud Holdings | 3.27 Bn | 2.57 Bn | 68.71 Mn | -27.99 Mn |
| 8 | SharonAI Holdings | 2.00 Bn | 139.21 Mn | 1.17 Mn | - |
| 9 | Tuya | 1.16 Bn | 182.03 Mn | 43.05 Mn | -23.13 Mn |
| 10 | Backblaze | 776.06 Mn | 724.68 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -27.99 Mn |
| Mar 31, 2026 | -28.03 Mn |
| 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 |