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CMCM

Cheetah Mobile Inc.

CMCM

Cheetah Mobile Inc. • NYSE
$7.79 ▲ 5.56% (+0.41)
Market Cap $4.75 M
52w High $9.44
52w Low $3.28
Dividend Yield 0%
P/E -3.76
Volume 8.17K
Outstanding Shares 609.60K

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $295.218M ▲ $235.855M ▲ $-22.643M ▲ -7.67% ▲ $-37.5 ▲ $1.8M ▲
Q1-2025 $259.006M ▲ $216.036M ▼ $-33.357M ▲ -12.879% ▲ $-55 ▲ $-26.535M ▲
Q4-2024 $237.089M ▲ $379.905M ▲ $-366.784M ▼ -154.703% ▼ $-610 ▼ $-54.243M ▲
Q3-2024 $192.083M ▲ $202.378M ▲ $-46.897M ▲ -24.415% ▲ $-77.5 ▲ $-63.194M ▲
Q2-2024 $187.417M $199.063M $-123.841M -66.078% $-210.5 $-69.977M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $2.02B ▲ $5.24B ▲ $3.075B ▲ $1.839B ▼
Q1-2025 $1.7B ▼ $4.903B ▼ $2.716B ▼ $1.876B ▼
Q4-2024 $1.833B ▲ $5.504B ▲ $3.297B ▲ $1.901B ▼
Q3-2024 $1.531B ▼ $5.433B ▼ $2.927B ▼ $2.204B ▼
Q2-2024 $1.973B $5.898B $3.322B $2.281B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-22.643M ▲ $0 $0 $0 $0 $0
Q1-2025 $-33.357M ▲ $0 $0 $0 $0 $0
Q4-2024 $-366.784M ▼ $0 $0 $0 $0 $0
Q3-2024 $-46.897M ▲ $0 $0 $0 $0 $0
Q2-2024 $-123.841M $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement Cheetah Mobile’s income statement shows a company still in transition and not yet back to stable profitability. Revenue has shrunk significantly from a few years ago, reflecting the decline of the old mobile-app business, although it has inched up recently rather than continuing to fall. Gross margins remain healthy, which suggests the core services and technology still add good value, but operating costs are high relative to the current revenue base. As a result, operating profit and EBITDA have been negative for several years in a row, and net losses have persisted and even widened most recently. In plain terms, the business model is still loss-making, and the new robotics and AI focus has not yet offset the legacy decline enough to restore consistent earnings.

Balance Sheet

Balance Sheet The balance sheet is a mixed picture. On the positive side, the company carries very little financial debt and holds a meaningful cash position, which provides some resilience and flexibility. Total assets have stayed broadly stable over the past few years, so the company has not been hollowed out. On the negative side, shareholder equity has been steadily shrinking as repeated losses eat into the capital base. Equity is still positive, but the cushion is thinner than it used to be. Overall, the balance sheet is not heavily leveraged, but it is gradually weakening as long as losses continue.

Cash Flow

Cash Flow Cash flow shows the strain of the business transition. Operating cash flow has been quite volatile, with one notably good year recently followed by a return to cash outflows. Free cash flow mirrors this pattern: a brief period of solid inflows, then back to negative territory. Capital spending is relatively low, so most of the cash burn is coming from operations rather than heavy investment in physical assets. The company still has cash on hand, but it is using some of that cushion to fund ongoing losses. Future sustainability will depend on whether the robotics and AI businesses can move from consuming cash to generating it.

Competitive Edge

Competitive Edge Competitively, Cheetah Mobile has shifted from a crowded, low-differentiation mobile app space into a more specialized but still fiercely contested arena: AI-powered service robotics. Through OrionStar, it has built a vertically integrated robotics platform—from core AI software to operating systems and hardware—which is a real strength and can differentiate it from firms that rely on third-party components. Its robots are already deployed in many real-world settings across numerous countries, suggesting genuine market traction. However, the company faces tough competition from both industrial automation giants and focused robotics startups. The robotics market is still emerging, with rapid technology change and pricing pressure, so Cheetah’s strong technology and early presence come with high competitive and execution risk.

Innovation and R&D

Innovation and R&D Innovation is one of Cheetah Mobile’s clearest strengths. The company has invested heavily in a full-stack AI and robotics ecosystem: proprietary operating systems for robots, voice interaction platforms, advanced navigation and vision, and now large-language-model-based “agentic” AI through AgentOS. Its product lineup spans greeting, delivery, vending, and barista robots, plus AI-driven customer service and marketing tools. This level of integration and breadth suggests substantial ongoing R&D effort, likely a major reason costs are high. The open-platform approach for Orion OS also aims to attract developers and partners, which could accelerate innovation but requires sustained investment. In short, Cheetah is technologically ambitious and highly innovative, but this innovation is expensive and has yet to translate into steady profits.

Summary

Cheetah Mobile is deep into a transformation from an aging mobile-app and advertising business to an AI and robotics company. Strategically, it now looks much more like an early-stage technology and robotics player than a mature internet firm: revenue is smaller and volatile, margins at the gross level are decent, but operating losses are persistent. The balance sheet offers some comfort—low debt and a reasonable cash buffer—but equity is being eroded by ongoing losses, and cash flow has swung back to negative after a brief improvement. Competitively, the company’s vertically integrated robotics platform and global deployments give it a credible position in a promising field, yet the market is highly competitive and fast-moving. The key questions going forward are whether Cheetah Mobile can scale its robotics and AI offerings enough to restore profitable growth before its financial cushion thins too far, and how effectively it can execute in a complex, global, and rapidly evolving industry.

NEWS

November 26, 2025 · 4:00 AM UTC

Cheetah Mobile Announces Third Quarter 2025 Unaudited Consolidated Financial Results

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November 19, 2025 · 7:30 AM UTC

Cheetah Mobile To Report Third Quarter 2025 Financial Results on November 26, 2025

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September 11, 2025 · 5:30 AM UTC

Cheetah Mobile Announces Second Quarter 2025 Unaudited Consolidated Financial Results

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September 4, 2025 · 7:16 AM UTC

Cheetah Mobile To Report Second Quarter 2025 Financial Results on September 11, 2025

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September 4, 2025 · 6:30 AM UTC

Cheetah Mobile To Report Second Quarter 2025 Financial Results on September 11, 2025

Read more