Cheetah Mobile Inc. balance sheet CMCM

Annual Quarterly

As of Dec 31, 2025, Cheetah Mobile Inc. had total assets of $669.8 million and total liabilities of $389.7 million. Total assets were down 11.2% from a year earlier. Stockholders' equity was $229.9 million. It held $315.3 million in cash and investments against $2.2 million of total debt, net cash of $313.1 million. The current ratio, current assets divided by current liabilities, was 1.27.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Assets
Cash	215 -14.2%	251 -11.7%	285 +29.5%	220 -11.6%	249 +24.8%	199 +41.1%	141 -65.1%	405 +13.7%	356 +64.2%	217 -18.3%
Short-term investments	1 +2860.9%	0 -68.1%	0 -99.4%	23 -45.1%	41 -25.4%	55 -71.9%	197 +45.3%	135 -36.9%	215 +312.0%	52 +1053.7%
Long-term investments	98 -12.1%	112 -15.2%	132 -49.2%	260 -17.0%	313 -15.3%	369 +2.2%	362	—	177 +25.9%	141 +1.5%
Cash and investments	315 -13.2%	363 -12.9%	417 -17.0%	502 -16.7%	603 -3.4%	624 -10.8%	699 +29.5%	540 -27.8%	748 +82.6%	410 +0.2%
Receivables	67 +3.2%	65 +14.9%	56 +37.3%	41 +53.9%	27 -22.7%	35 -48.7%	67 -29.3%	95 -0.2%	95 +10.3%	87 -9.7%
Inventory	8 -5.5%	8 +42.0%	6 +136.1%	2 +0.1%	2 -34.4%	4 -17.9%	4 +153.0%	2 -56.8%	4	—
Total current assets	462 -10.7%	518 +6.0%	488 +7.8%	453 +11.1%	408 -9.7%	452 -21.3%	574 -29.2%	810 -2.4%	829 +81.5%	457 -2.7%
Property and equipment, net	6 -18.5%	7 -6.9%	8 -10.9%	9 -46.7%	16 +2.2%	16 +5.2%	15 +59.8%	9 -32.1%	14 -19.0%	17 -8.2%
Goodwill	66 +13.2%	58 -28.5%	81	—	—	—	—	90 -7.8%	97 -28.3%	136 +52.8%
Total assets	670 -11.2%	754 -5.0%	793 +6.5%	745 -4.6%	781 -9.2%	860 -14.6%	1,007 -16.5%	1,206 +5.3%	1,145 +43.5%	798 +4.6%
Liabilities and equity
Accounts payable	30 +0.6%	30 +25.5%	24 +24.3%	19 -8.9%	21 +30.5%	16 +29.0%	13 -49.5%	25 -1.6%	25 -9.9%	28 +32.7%
Total current liabilities	365 -13.7%	422 +9.9%	384 +49.0%	258 +21.4%	212 -11.8%	241 -3.9%	251 -6.1%	267 -19.8%	333 +11.9%	298 +12.8%
Total liabilities	390 -13.7%	452 +7.9%	419 +41.9%	295 +16.2%	254 -9.2%	280 -3.5%	290 -0.9%	292 -17.1%	353 +4.6%	337 +15.2%
Stockholders' equity	230 -11.7%	260 -24.7%	346 -21.3%	440 -14.5%	515 -10.4%	574 -18.9%	708 -11.1%	797 +20.7%	660 +52.1%	434 -3.5%
Debt
Long-term debt	—	—	—	—	—	—	—	—	—	22
Lease liabilities	2 -37.9%	4 -19.6%	4 -27.4%	6 -20.4%	8 +161.7%	3 -88.8%	26	—	—	—
Total debt	2 -37.9%	4 -19.6%	4 -27.4%	6 -20.4%	8 +161.7%	3 -88.8%	26	—	—	22 +8.5%
Net cash	313 -12.9%	360 -12.8%	412 -16.9%	496 -16.6%	595 -4.1%	621 -7.8%	673	—	—	388 -0.2%
Ratios
Current ratio	1.27x	1.23x	1.27x	1.76x	1.92x	1.87x	2.29x	3.03x	2.49x	1.54x
Debt to equity	0.01x	0.01x	0.01x	0.01x	0.01x	0.01x	0.04x	—	—	0.05x
Debt to EBITDA	—	—	—	—	—	—	—	—	—	4.45x
Return on equity	-16.03%	-32.49%	-24.55%	-16.93%	-10.71%	11.12%	-6.37%	21.31%	31.40%	-2.67%
Return on assets	-5.50%	-11.22%	-10.70%	-9.99%	-7.05%	7.42%	-4.48%	14.07%	18.10%	-1.45%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry: Services-Prepackaged Software (SIC 7372)
Listed as: CMCM (NYSE)
Fiscal year ends: December 31
Incorporated in: Cayman Islands
Headquarters: Chaoyang District, Beijing, China
SEC filer status: Non-accelerated filer
SEC CIK: 1597835
Former names: Kingsoft Internet Software Holdings Ltd (until Mar 6, 2014)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.