CMCM NYSE Services-Prepackaged Software Financials FY2016βFY2025
Cheetah Mobile Inc. had $160M of revenue in fiscal 2025, up 42.8% on the year before. Over five years, revenue changed β6.6% a year on average.
Hi! I read Cheetah Mobile Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+42.8%
Yes. Sales grew 42.8% last year.
Does it make a profit?
β22.4%
No. It lost money last year.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Cheetah Mobile Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 25, 2026
Wednesday Β· in 31 days
No past results dates on file yet.
KIRA Β· Cheetah Mobile Inc. had $160M of revenue in fiscal 2025, up 42.8% on the year before. Over five years, revenue changed β6.6% a year on average. Its operating margin was β15.6%, up 38.6Β pts: of every 100 in sales, about β16 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
KIRA Β· Cheetah Mobile Inc. lost $35.9M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Cheetah Mobile Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $291M | $242M | $284M | $251M | $217M |
| Current ratio | 1.9x | 1.8x | 1.3x | 1.2x | 1.3x |
| Quick ratio | 1.9x | 1.7x | 1.3x | 1.2x | 1.2x |
| Total assets | $784M | $745M | $793M | $754M | $669M |
| Total liabilities | $255M | $295M | $418M | $452M | $389M |
| Shareholders' equity | $516M | $440M | $346M | $260M | $230M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
KIRA Β· Cheetah Mobile Inc. passes 5 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 4 / 8 | 4 / 8 | 2 / 8 | 3 / 8 | 3 / 8 | 3 / 8 | 2 / 8 | 3 / 8 | 5 / 8 |
| Accruals ratio | β8.9% | 11.0% | 10.6% | β1.0% | 7.2% | β8.6% | β1.7% | β21.2% | β6.8% | β1.7% |
| Altman Z'' | 2.78 | 5.88 | 7.27 | 4.50 | 3.66 | 3.79 | 2.97 | 1.12 | 0.17 | 0.29 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $687M | $736M | $753M | $519M | $225M | $122M | $131M | $94.5M | $112M | $160M |
| Gross profit | $455M | $473M | $520M | $339M | $156M | $81.7M | $93.8M | $61.8M | $75.8M | $116M |
| Operating income | β$1.9M | $66.1M | $70.6M | β$161M | β$76.9M | β$35.6M | β$33.5M | β$29.6M | β$60.8M | β$25.0M |
| Pretax income | β$10.4M | $212M | $192M | β$52.9M | $73.6M | β$52.6M | β$81.1M | β$90.0M | β$77.0M | β$31.5M |
| Income tax | β$1.8M | $8.5M | $17.7M | $1.1M | $14.1M | $2.1M | β$3.7M | β$6.2M | $6.6M | $1.2M |
| Net income | β$12.1M | $199M | $176M | β$45.4M | $60.4M | β$54.4M | β$76.3M | β$85.1M | β$85.8M | β$35.9M |
| Net income to common | β$12.1M | $197M | $171M | β$49.8M | $58.8M | β$54.8M | β$77.6M | β$85.1M | β$86.9M | β |
| Diluted EPS | β$0.44 | $6.93 | $5.93 | β$1.82 | $2.07 | β$1.92 | β$2.69 | β$2.90 | β$2.89 | β |
| Diluted shares | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B |
| Cash flow | ||||||||||
| Cash from operations | $59.2M | $92.6M | $52.2M | β$34.7M | β$6.7M | $15.9M | β$63.0M | $77.7M | β$33.1M | β$24.0M |
| Capital expenditure | $11.2M | $2.9M | β | β | β | β | β | β | β | β |
| Free cash flow | $48.1M | $89.7M | β | β | β | β | β | β | β | β |
| Depreciation and amortization | $7.0M | $6.7M | $6.1M | $5.4M | $7.6M | $7.1M | $7.3M | $3.9M | $3.1M | $1.6M |
| Stock-based compensation | $46.1M | $10.8M | $12.9M | $18.4M | $11.7M | $1.1M | $1.2M | $4.7M | $3.6M | $2.8M |
| Acquisitions | $55.2M | $11.5M | β | $4.1M | β | β | β | $33.6M | β | $4.4M |
| Share buybacks | $26.9M | β | $33.5M | $0.0M | β | β | β | β | β | β |
| Dividends and buybacks | $26.9M | β | $33.5M | $0.0M | β | β | β | β | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $255M | $571M | $540M | $338M | $254M | $291M | $242M | $284M | $251M | $217M |
| Total debt | $21.8M | β | β | β | β | β | β | β | β | β |
| Current assets | $457M | $829M | $809M | $574M | $451M | $409M | $453M | $488M | $518M | $462M |
| Current liabilities | $298M | $333M | $267M | $251M | $240M | $213M | $258M | $384M | $422M | $364M |
| Inventory | $0.1M | $4.1M | $1.8M | $4.5M | $3.7M | $2.4M | $2.4M | $5.7M | $6.4M | $7.7M |
| Property and equipment, net | $16.9M | $13.7M | $9.3M | $14.9M | $15.6M | $16.0M | $8.5M | $7.6M | $7.1M | $5.7M |
| Goodwill | $136M | $97.5M | $89.8M | β | β | β | β | $81.2M | $58.1M | $65.7M |
| Intangible assets | $32.7M | $10.8M | $7.0M | $6.4M | $1.9M | $1.6M | $1.2M | $30.8M | $26.1M | $7.7M |
| Total assets | $798M | $1.1B | $1.2B | $1.0B | $859M | $784M | $745M | $793M | $754M | $669M |
| Total liabilities | $337M | $352M | $292M | $290M | $279M | $255M | $295M | $418M | $452M | $389M |
| Shareholders' equity | $434M | $660M | $796M | $709M | $573M | $516M | $440M | $346M | $260M | $230M |
| Margins | ||||||||||
| Gross margin | 66.2% | 64.2% | 69.1% | 65.4% | 69.4% | 67.2% | 71.4% | 65.4% | 67.6% | 72.5% |
| Operating margin | β0.3% | 9.0% | 9.4% | β31.0% | β34.2% | β29.3% | β25.5% | β31.3% | β54.2% | β15.6% |
| EBITDA margin | 0.7% | 9.9% | 10.2% | β29.9% | β30.8% | β23.4% | β20.0% | β27.2% | β51.5% | β14.6% |
| Net margin | β1.8% | 27.1% | 23.4% | β8.8% | 26.8% | β44.8% | β58.1% | β90.1% | β76.5% | β22.4% |
| FCF margin | 7.0% | 12.2% | β | β | β | β | β | β | β | β |
| Returns | ||||||||||
| Return on capital | β0.7% | β | β | β | β | β | β | β | β | β |
| Return on capital employed | β0.4% | 8.1% | 7.5% | β21.2% | β12.4% | β6.2% | β6.9% | β7.2% | β18.3% | β8.2% |
| Return on equity | β2.8% | 36.5% | 24.2% | β6.0% | 9.4% | β10.0% | β16.0% | β21.7% | β28.3% | β14.6% |
| Return on assets | β1.5% | 20.5% | 15.0% | β4.1% | 6.5% | β6.6% | β10.0% | β11.1% | β11.1% | β5.0% |
| Return on tangible equity | β4.6% | 35.8% | 24.4% | β7.1% | 10.3% | β10.6% | β17.7% | β36.4% | β49.3% | β23.0% |
| Growth | ||||||||||
| Revenue growth | β | 7.1% | 2.3% | β31.0% | β56.7% | β45.9% | 7.9% | β28.0% | 18.6% | 42.8% |
| Net income growth | β | β | β11.6% | β125.8% | β | β190.2% | β | β | β | β |
| EPS growth | β | β | β14.5% | β130.7% | β | β192.5% | β | β | β | β |
| FCF growth | β | 86.6% | β | β | β | β | β | β | β | β |
| Share count change | β | 2.7% | 1.1% | β5.0% | 3.8% | 0.6% | 1.0% | 2.0% | 2.1% | 2.0% |
| Financial health | ||||||||||
| Net debt / EBITDA | β45.6x | β | β | β | β | β | β | β | β | β |
| Debt / equity | 0.1x | β | β | β | β | β | β | β | β | β |
| Current ratio | 1.5x | 2.5x | 3.0x | 2.3x | 1.9x | 1.9x | 1.8x | 1.3x | 1.2x | 1.3x |
| Quick ratio | 1.5x | 2.5x | 3.0x | 2.3x | 1.9x | 1.9x | 1.7x | 1.3x | 1.2x | 1.2x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.6% | 0.4% | β | β | β | β | β | β | β | β |
| Stock comp / revenue | 6.7% | 1.5% | 1.7% | 3.6% | 5.2% | 0.9% | 0.9% | 5.0% | 3.2% | 1.7% |
| Payouts / FCF | 56.0% | β | β | β | β | β | β | β | β | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | 4.0 | 4.0 | 2.0 | 3.0 | 3.0 | 3.0 | 2.0 | 3.0 | 5.0 |
| Altman Z'' | 2.8 | 5.9 | 7.3 | 4.5 | 3.7 | 3.8 | 3.0 | 1.1 | 0.2 | 0.3 |
| Accruals ratio | β8.9% | 11.0% | 10.6% | β1.0% | 7.2% | β8.6% | β1.7% | β21.2% | β6.8% | β1.7% |
Source: SEC EDGAR XBRL filings (CIK 0001597835). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. Per-share figures are per US-listed share (1 ADS = 50 ordinary shares). For information only β not investment advice. Check the original filings before relying on any figure.
