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Sep 30, 2025
Kingsoft Cloud Q3 2025 Earnings Report
Kingsoft Cloud reported accelerated revenue growth and turned adjusted net profit positive in Q3 2025.
Key Takeaways
Kingsoft Cloud delivered strong top-line growth driven by AI-related demand and strategic ecosystem partnerships. While it recorded a small net loss under GAAP, the company achieved a non-GAAP net profit and turned adjusted operating profit positive.
Revenue reached $348,087,000, led by strong performance in public cloud services.
Adjusted net profit turned positive at $4,035,000 for the first time.
AI gross billing hit $109,900,000, reflecting growing demand.
Cash position decreased due to investments in AI infrastructure and debt repayment.
Revenue by Segment
Forward Guidance
The company is optimistic about continued AI-driven growth, with ecosystem synergies and infrastructure investments supporting future performance.
Positive Outlook
- Continued expansion of AI public cloud infrastructure.
- Strong ecosystem revenue growth from Xiaomi-Kingsoft collaboration.
- Improved cost controls leading to better margins.
- Solid cash reserves to fund strategic investments.
- Adjusted profitability milestones achieved for the first time.
Challenges Ahead
- Net loss still present under GAAP despite improvements.
- Declining cash due to capital expenditures and debt repayment.
- High server and infrastructure costs compressing GAAP gross margin.
- No revenue contribution from 'Other' segment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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