Kingsoft Cloud Holdings (KCLHF) Research & Development (2019 - 2025)

Kingsoft Cloud Holdings has reported Research & Development for 7 years, with the latest figure 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.
• The five-year high for Research & Development was -$23.9 million in Q4 2024, with the low at -$43.7 million in Q4 2021.
• Historically, Research & Development has averaged -$32.3 million across 5 years, with a median of -$31.7 million in 2023.
• Annual changes were most pronounced in 2021 — Research & Development slumped 68.96% — and 2023, when it surged 33.4%.
• Kingsoft Cloud Holdings' Research & Development 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.