# EDGAR Filing Document

**Accession Number:** 0001597835
**File Stem:** 0001193125-26-120643
**Filing Date:** 2026-3
**Character Count:** 35974
**Document Hash:** 69ebf5c696ca80a73cbe36f942e031ca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-120643.hdr.sgml**: 20260324

**ACCESSION NUMBER**: 0001193125-26-120643

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260324

**FILED AS OF DATE**: 20260324

**DATE AS OF CHANGE**: 20260324

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cheetah Mobile Inc.
- **CENTRAL INDEX KEY:** 0001597835
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36427
- **FILM NUMBER:** 26784098

**BUSINESS ADDRESS:**
- **STREET 1:** BLDG NO.11, WANDONG SCIENCE & TECHNOLOGY
- **STREET 2:** CULTURAL PARK, NO.7 SANJIANFANGNANLI
- **CITY:** CHAOYANG DISTRICT, BEIJING
- **STATE:** F4
- **ZIP:** 100024
- **BUSINESS PHONE:** 86 10 6292 7779

**MAIL ADDRESS:**
- **STREET 1:** BLDG NO.11, WANDONG SCIENCE & TECHNOLOGY
- **STREET 2:** CULTURAL PARK, NO.7 SANJIANFANGNANLI
- **CITY:** CHAOYANG DISTRICT, BEIJING
- **STATE:** F4
- **ZIP:** 100024

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Kingsoft Internet Software Holdings Ltd
- **DATE OF NAME CHANGE:** 20140122

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

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**FORM 6-K**

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**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16 UNDER**

**THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of March 2026**

**Commission File Number: 001-36427**

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**CHEETAH MOBILE INC.**

**Building No. 11**

**Wandong Science and Technology Cultural Innovation Park**

**No.7 Sanjianfangnanli, Chaoyang District**

**Beijing 100024**

**People's Republic of China**

**(Address of principal executive office)** 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  Form 40-F 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | |
|:---|:---|
| CHEETAH MOBILE INC. | CHEETAH MOBILE INC. |
| By:  | /s/ Thomas Jintao Ren |
| Name: | Thomas Jintao Ren |
| Title:  | Chief Financial Officer |

---

Date: March 24, 2026

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<u>Exhibit Index</u>

[<u>Exhibit 99.1 — Cheetah Mobile Announces Fourth Quarter and Fiscal Year 2025 Unaudited Consolidated Financial Results</u>](cmcm-ex99_1.htm)

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## Exhibit 99.1

**Exhibit 99.1**

**Cheetah Mobile Announces Fourth Quarter and Fiscal Year 2025** 

**Unaudited Consolidated Financial Results**

AI and Others revenue grew 84.7% year over year

and accounted for 46.5% of total revenue in 2025

BEIJING, March 24, 2026 — Cheetah Mobile Inc. ("Cheetah Mobile" or the "Company") (NYSE: CMCM), a China-based IT company with a commitment to AI innovation, today announced its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2025.

**<u>Full Year 2025 Financial Highlights</u>**

Total revenues increased by 42.6% year over year to RMB 1,150.4 million (US$164.5 million) in 2025, driven by strong expansion across business segments.

• Revenue from the Internet business increased by 19.0% year over year to RMB 615.3 million (US$88.0 million) .

• Revenue from the AI and Others segment increased by 84.7% year over year to RMB 535.2 million (US$76.5 million), reflecting continued scaling of the Company's emerging initiatives. The AI and Others segment accounted for 46.5% of total revenues in 2025, compared with 35.9% in 2024.

Gross profit increased by 53.0% year over year to RMB 834.0 million (US$119.3 million). Gross margin improved to 72.5% in 2025 from 67.6% in 2024. On a non-GAAP basis, gross profit was RMB 834.0 million (US$119.3 million), and non-GAAP gross margin was 72.5%.

Operating loss decreased by 59.0% year over year to RMB 179.4 million (US$25.7 million) in 2025. On a non-GAAP basis, operating profit was RMB 14.2 million (US$2.0 million), compared with a non-GAAP operating loss of RMB 231.8 million in 2024.

• The Internet business generated adjusted operating profit of approximately RMB 114.9 million in 2025, representing a 82.8% year-over-year increase and reflecting improving profitability and strong cash flow generation. Adjusted operating margin for this segment was 18.7% in 2025, compared with 12.1% in 2024.

• The AI and Others segment reported an adjusted operating loss of approximately RMB 274.5 million in 2025, representing a 42.1% year-over-year reduction, as the Company continued improving operating efficiency while scaling emerging initiatives.

Cash and cash equivalents were RMB 1,506.6 million (US$215.4 million) as of December 31, 2025.

**1**

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**<u>Fourth Quarter 2025 Financial Highlights</u>**

Total revenues increased by 30.3% year over year and 7.5% quarter over quarter to RMB 308.9 million (US$44.2 million) in the fourth quarter of 2025.

• Revenue from the Internet business was RMB 155.9 million (US$22.3 million) in the fourth quarter of 2025. While Internet business revenue declined slightly year over year, it increased 9.5% quarter over quarter.

• Revenue from the AI and Others segment reached RMB 153.0 million (US$21.9 million), representing a 98.8% year-over-year increase and a 5.5% quarter-over-quarter increase, reflecting continued growth momentum of the Company's emerging initiatives. The AI and Others segment accounted for 49.5% of total revenues in the fourth quarter of 2025, compared with 32.5% in the same period last year, representing nearly half of total revenue.

Gross profit increased by 18.9% year over year to RMB 205.4 million (US$29.4 million) in the fourth quarter of 2025. On a non-GAAP basis, gross profit increased by 19.2% year over year to RMB 205.4 million (US$29.4 million).

Operating loss decreased by 29.6% year over year to RMB 145.8 million (US$20.8 million) in the fourth quarter of 2025. On a non-GAAP basis, operating profit was RMB 15.5 million (US$2.2 million), compared with a non-GAAP operating loss of RMB 42.5 million in the fourth quarter of 2024.

• The Internet business generated adjusted operating profit of approximately RMB 46.7 million in the fourth quarter of 2025, representing a 78.1% year-over-year increase, and continued to serve as a stable profit contributor to the Company.

• The AI and Others segment reported an adjusted operating loss of approximately RMB 183.3 million in the fourth quarter of 2025, representing a 19.7% year-over-year reduction in operating loss.

**<u>Management Commentary</u>**

**Fu Sheng, Chief Executive Officer of Cheetah Mobile, commented**: "2025 marked a turning point for Cheetah Mobile. We delivered revenue growth while meaningfully improving operating efficiency and achieved full-year non-GAAP operating profitability. Our robotics business, which represented approximately 18.9% of total revenue in the fourth quarter, increased 93.6% year over year and 42.9% quarter over quarter, showing strong growth momentum. We are expanding our robotic product portfolio with a consumer-facing smart wheelchair, leveraging our existing autonomous mobility technologies. Our internet business remained a stable cash-generating platform, supporting disciplined investment in AI-driven capabilities. Leveraging our long-standing utility product experience, we continued to enhance our AI agent products, with the introduction of EasyClaw, our AI coworker platform designed to help users create and deploy AI agents more easily. While monetization remains at an early stage, these initiatives are part of our long-term strategy to build sustainable growth engines."

**Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented**: "In 2025, we continued to strengthen operating discipline and improve cost efficiency across the

**2**

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organization. Although we reported a GAAP operating loss for the year, operating loss narrowed significantly year over year. On a non-GAAP basis, we achieved operating profitability, reflecting an improved cost structure and increasing operating leverage. Within our Internet business, internet value-added services, which contributed 74.8% of this segment's revenues in the fourth quarter of 2025, expanded by 32.0% year over year and 16.2% quarter over quarter, enhancing earnings visibility and margin stability. In our AI and Others segment, revenue contribution increased year over year and accounted for nearly half of total revenues in the fourth quarter of 2025, while operating loss narrowed as we maintained selective investment and cost control. We ended the year with a solid cash position, providing financial flexibility to support disciplined capital allocation."

**<u>Conference Call Information</u>**

The Company will hold a conference call on March 24, 2026, at 7:00 a.m. Eastern Time (or 7:00 p.m. Beijing Time) to discuss its financial results. Listeners may access the call by dialing the following numbers:

Main Line:

International: 1-412-317-6061

United States Toll Free: 1-888-317-6003

Mainland China Toll Free: +86-4001-206115

Hong Kong Toll Free: 800-963976

Conference ID: 8826704

English Translation:

International: 1-412-317-6061

United States Toll Free: 1-888-317-6003

Mainland China Toll Free: +86-4001-206115

Hong Kong Toll Free: 800-963976

Conference ID: 6928279

A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.cmcm.com.

**<u>Exchange Rate</u>**

This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars in this press release were made at a rate of RMB6.9931 to US$1.00, the exchange rate in effect as of December 31, 2025, as set forth in the H.10 statistical release of the Federal Reserve Board. Such translations should not be construed as representations that RMB amounts could be converted into U.S. dollars at that rate or any other rate, or to be the amounts that would have been reported under accounting principles generally accepted in the United States of America ("U.S. GAAP").

**<u>About Cheetah Mobile Inc.</u>**

Cheetah Mobile is a China-based IT company with a commitment to AI innovation. It has developed and launched a diversified suite of software products for PCs and mobile devices, designed to address users' needs in document processing, system optimization, image editing

**3**

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and web browsing, among others. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, multi-cloud management platform to companies globally, as well as robotic products to international clients. At the same time, it actively engages in research and development of advanced technologies to empower its products and services. Cheetah Mobile has been listed on the New York Stock Exchange since May 2014.

**<u>Safe Harbor Statement</u>** 

This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: Cheetah Mobile's growth strategies; Cheetah Mobile's ability to retain and increase its user base and expand its product and service offerings; Cheetah Mobile's ability to monetize its platform; Cheetah Mobile's future business development, financial condition and results of operations; competition with companies in a number of industries including internet companies that provide online marketing services and internet value-added services; expected changes in Cheetah Mobile's revenues and certain cost or expense items; and general economic and business condition globally and in China. Further information regarding these and other risks is included in Cheetah Mobile's filings with the U.S. Securities and Exchange Commission. Cheetah Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

**<u>Use of Non-GAAP Financial Measures</u>**

This release contains non-GAAP financial measures, including but not limited to:

• Non-GAAP cost of revenues excludes share-based compensation expenses;

• Non-GAAP gross profit excludes share-based compensation expenses;

• Non-GAAP gross margin excludes share-based compensation expenses;

• Total non-GAAP operating expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions;

• Non-GAAP research and development expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;

• Non-GAAP selling and marketing expenses exclude share-based compensation expenses , amortization of intangible assets resulting from business acquisitions;

• Non-GAAP general and administrative expenses exclude share-based compensation expenses;

• Non-GAAP operating profit/loss excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions and impairment of goodwill and intangible assets resulting from business acquisitions;

**4**

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• Non-GAAP net income/loss attributable to Cheetah Mobile shareholders excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions;

• Non-GAAP diluted earnings/losses per ADS excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions.

The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of share-based compensation expenses, amortization of intangible assets, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions, which have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Cheetah Mobile Inc. Reconciliation of GAAP and non-GAAP Results".

**<u>Investor Relations Contact</u>**

Helen Jing Zhu

Cheetah Mobile Inc.

Tel: +86 10 6292 7779

Email: ir@cmcm.com

**5**

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**CHEETAH MOBILE INC.**

**Condensed Consolidated Balance Sheets**

**(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"))**

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, 2024** | **December 31, 2025** | **December 31, 2025** |
|  | **RMB** | **RMB** | **USD** |
| **ASSETS** |  |  |  |
| **Current assets:** |  |  |  |
| Cash and cash equivalents | 1833031 | 1506625 | 215445 |
| Short-term investments | 335 | 9527 | 1362 |
| Accounts receivable, net | 473619 | 468058 | 66931 |
| Prepayments and other current assets, net | 1365761 | 1154774 | 165132 |
| Due from related parties, net | 106934 | 94821 | 13559 |
| **Total current assets** | **3779680** | **3233805** | **462429** |
| **Non-current assets:** |  |  |  |
| Property and equipment, net | 51564 | 40238 | 5754 |
| Operating lease right-of-use assets | 26323 | 16833 | 2407 |
| Intangible assets, net | 190665 | 54069 | 7732 |
| Goodwill | 424099 | 460034 | 65784 |
| Long-term investments | 817330 | 688459 | 98448 |
| Deferred tax assets | 128581 | 112913 | 16146 |
| Other non-current assets | 86059 | 77521 | 11085 |
| **Total non-current assets** | **1724621** | **1450067** | **207356** |
| **Total assets** | **5504301** | **4683872** | **669785** |
| **LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY** |  |  |  |
| **Current liabilities:** |  |  |  |
| Accounts payable | 219566 | 211689 | 30271 |
| Accrued expenses and other current liabilities | 2756805 | 2264659 | 323842 |
| Due to related parties | 69606 | 18613 | 2662 |
| Income tax payable | 35804 | 54430 | 7783 |
| **Total current liabilities** | **3081781** | **2549391** | **364558** |
| **Non-current liabilities:** |  |  |  |
| Deferred tax liabilities | 43046 | 21711 | 3105 |
| Other non-current liabilities | 172348 | 154422 | 22082 |
| **Total non-current liabilities** | **215394** | **176133** | **25187** |
| **Total liabilities** | **3297175** | **2725524** | **389745** |
| **Mezzanine equity:** |  |  |  |
| Redeemable noncontrolling interests | 189725 | 197560 | 28251 |
| **Shareholders' equity:** |  |  |  |
| Ordinary shares | 248 | 254 | 36 |
| Additional paid-in capital | 2722504 | 2736117 | 391260 |
| Accumulated deficit | (1232577) | (1490947) | (213203) |
| Accumulated other comprehensive income | 410423 | 362245 | 51800 |
| **Total Cheetah Mobile Inc. shareholders' equity** | **1900598** | **1607669** | **229893** |
| **Noncontrolling interests** | **116803** | **153119** | **21896** |
| **Total shareholders' equity** | **2017401** | **1760788** | **251789** |
| **Total liabilities, mezzanine equity and shareholders' equity** | **5504301** | **4683872** | **669785** |

---

**6**

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**CHEETAH MOBILE INC.**

**Condensed Consolidated Statements of Comprehensive Loss**

**(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for number of shares and per share(or ADS) data)**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For The Three Months Ended** | **For The Three Months Ended** | **For The Three Months Ended** | **For The Year Ended** | **For The Year Ended** | **For The Year Ended** |
|  | **December 31, 2024** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2025** |
|  | **RMB** | **RMB** | **USD** | **RMB** | **RMB** | **USD** |
| **Revenues** | **237089** | **308851** | **44165** | **806877** | **1150444** | **164511** |
| &nbsp;&nbsp;&nbsp;&nbsp; Internet business | 160152 | 155896 | 22293 | 517188 | 615281 | 87984 |
| &nbsp;&nbsp;&nbsp;&nbsp; AI and others | 76937 | 152955 | 21872 | 289689 | 535163 | 76527 |
| Cost of revenues (a) | (64317) | (103475) | (14797) | (261682) | (316411) | (45246) |
| **Gross profit** | **172772** | **205376** | **29368** | **545195** | **834033** | **119265** |
| **Operating income and expenses:** |  |  |  |  |  |  |
| Research and development (a) | (65506) | (149863) | (21430) | (243391) | (346152) | (49499) |
| Selling and marketing (a) | (104851) | (72657) | (10390) | (342421) | (362735) | (51870) |
| General and administrative (a) | (56281) | (87101) | (12455) | (244385) | (266522) | (38112) |
| Impairment of goodwill and intangible assets | (152890) | (41563) | (5943) | (152890) | (41563) | (5943) |
| Other operating (expense)/income | (377) | 31 | 4 | 637 | 3496 | 500 |
| **Total operating income and expenses** | **(379905)** | **(351153)** | **(50214)** | **(982450)** | **(1013476)** | **(144924)** |
| **Operating loss** | **(207133)** | **(145777)** | **(20846)** | **(437255)** | **(179443)** | **(25659)** |
| **Other income/(expenses):** |  |  |  |  |  |  |
| Interest income, net | 9862 | 5484 | 784 | 44422 | 30629 | 4380 |
| Foreign exchange (losses)/gains | (32236) | 14156 | 2024 | (21726) | 30783 | 4402 |
| Other expense, net | (82300) | (74481) | (10651) | (139769) | (108652) | (15537) |
| **Loss before income taxes** | **(311807)** | **(200618)** | **(28689)** | **(554328)** | **(226683)** | **(32414)** |
| Income tax (expenses)/benefits | (51064) | 13722 | 1962 | (47258) | (8469) | (1211) |
| **Net loss** | **(362871)** | **(186896)** | **(26727)** | **(601586)** | **(235152)** | **(33625)** |
| Less: net income attributable to noncontrolling interests | 3913 | 3843 | 550 | 15971 | 22561 | 3226 |
| **Net loss attributable to Cheetah Mobile shareholders** | **(366784)** | **(190739)** | **(27277)** | **(617557)** | **(257713)** | **(36851)** |
| **Net loss per share** |  |  |  |  |  |  |
| Basic | (0.2438) | (0.1262) | (0.0180) | (0.4161) | (0.1754) | (0.0251) |
| Diluted | (0.2439) | (0.1262) | (0.0180) | (0.4162) | (0.1764) | (0.0252) |
| **Net loss per ADS** |  |  |  |  |  |  |
| Basic | (12.1907) | (6.3082) | (0.9000) | (20.8042) | (8.7724) | (1.2550) |
| Diluted | (12.1947) | (6.3082) | (0.9000) | (20.8097) | (8.8185) | (1.2600) |
| **Weighted average number of shares outstanding** |  |  |  |  |  |  |
| Basic | 1512707145 | 1550604238 | 1550604238 | 1503054847 | 1533473068 | 1533473068 |
| Diluted | 1512707145 | 1550604238 | 1550604238 | 1503054847 | 1533473068 | 1533473068 |
| **Weighted average number of ADSs outstanding** |  |  |  |  |  |  |
| Basic | 30254143 | 31012085 | 31012085 | 30061097 | 30669461 | 30669461 |
| Diluted | 30254143 | 31012085 | 31012085 | 30061097 | 30669461 | 30669461 |
| **Other comprehensive income/(loss) , net of tax of nil** |  |  |  |  |  |  |
| Foreign currency translation adjustments | 51667 | (25511) | (3648) | 49045 | (50422) | (7210) |
| Unrealized gains/(losses) on available-for-sale securities, net | 7277 | (5541) | (792) | 2642 | 1121 | 160 |
| **Other comprehensive income/(loss)** | **58944** | **(31052)** | **(4440)** | **51687** | **(49301)** | **(7050)** |
| **Total comprehensive loss** | **(303927)** | **(217948)** | **(31167)** | **(549899)** | **(284453)** | **(40675)** |
| **Less: Total comprehensive income attributable to noncontrolling interests** | **2199** | **1889** | **270** | **14089** | **21438** | **3066** |
| **Total comprehensive loss attributable to Cheetah Mobile shareholders** | **(306126)** | **(219837)** | **(31437)** | **(563988)** | **(305891)** | **(43741)** |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For The Three Months Ended** | **For The Three Months Ended** | **For The Three Months Ended** | **For The Year Ended** | **For The Year Ended** | **For The Year Ended** |
|  | **December 31, 2024** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2025** |
| **(a) Share-based compensation expenses** | **RMB** | **RMB** | **USD** | **RMB** | **RMB** | **USD** |
| Cost of revenues | (460) | 2 | - | 81 | 16 | 2 |
| Research and development | 1280 | 1007 | 144 | 1924 | 1193 | 171 |
| Selling and marketing | (495) | 290 | 41 | (662) | 773 | 111 |
| General and administrative | 4819 | 7867 | 1125 | 24758 | 17858 | 2554 |
| **Total** | **5144** | **9166** | **1310** | **26101** | **19840** | **2838** |

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**7**

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**CHEETAH MOBILE INC.**

**Reconciliation of GAAP and Non-GAAP Results**

**(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for per share data)**

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **For The Three Months Ended December 31, 2025** | **For The Three Months Ended December 31, 2025** | **For The Three Months Ended December 31, 2025** | **For The Three Months Ended December 31, 2025** | **For The Three Months Ended December 31, 2025** | **For The Three Months Ended December 31, 2025** | **For The Year Ended December 31, 2025** | **For The Year Ended December 31, 2025** | **For The Year Ended December 31, 2025** | **For The Year Ended December 31, 2025** | **For The Year Ended December 31, 2025** | **For The Year Ended December 31, 2025** |
|  | **GAAP** | **Share-based** | **Amortization of** | **Impairment** | **Non-GAAP** | **Non-GAAP** | **GAAP** | **Share-based** | **Amortization of** | **Impairment** | **Non-GAAP** | **Non-GAAP** |
|  | **Result** | **Compensation** | **intangible assets\*** | **of goodwill and <br>intangible assets** | **Result** | **Result** | **Result** | **Compensation** | **intangible assets\*** | **of goodwill and <br>intangible assets** | **Result** | **Result** |
|  | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** | **USD** | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** | **USD** |
| Revenues | 308851 | - | - | - | 308851 | 44165 | 1150444 | - | - | - | 1150444 | 164511 |
| Cost of revenues | (103475) | 2 | - | - | (103473) | (14797) | (316411) | 16 | - | - | (316395) | (45244) |
| Gross profit | 205376 | 2 | - | - | 205378 | 29368 | 834033 | 16 | - | - | 834049 | 119267 |
| Research and development | (149863) | 1007 | 108471 | - | (40385) | (5775) | (346152) | 1193 | 127171 | - | (217788) | (31143) |
| Selling and marketing | (72657) | 290 | 2070 | - | (70297) | (10053) | (362735) | 773 | 5078 | - | (356884) | (51033) |
| General and administrative | (87101) | 7867 | - | - | (79234) | (11330) | (266522) | 17858 | - | - | (248664) | (35558) |
| Impairment of goodwill and intangible assets | (41563) | - | - | 41563 | - | - | (41563) | - | - | 41563 | - | - |
| Other operating income, net | 31 | - | - | - | 31 | 4 | 3496 | - | - | - | 3496 | 500 |
| Total operating income and expenses | (351153) | 9164 | 110541 | 41563 | (189885) | (27154) | (1013476) | 19824 | 132249 | 41563 | (819840) | (117234) |
| Operating (loss)/income | (145777) | 9166 | 110541 | 41563 | 15493 | 2214 | (179443) | 19840 | 132249 | 41563 | 14209 | 2033 |
| Net loss attributable to Cheetah Mobile shareholders | (190739) | 9166 | 110541 | 41563 | (29469) | (4217) | (257713) | 19840 | 132249 | 41563 | (64061) | (9159) |
| Diluted losses per ordinary share (RMB) | (0.1262) | 0.0059 | 0.0714 | 0.0268 | (0.0221) |  | (0.1764) | 0.0129 | 0.0863 | 0.0271 | (0.0501) |  |
| Diluted losses per ADS (RMB) | (6.3082) | 0.2950 | 3.5682 | 1.3400 | (1.1050) |  | (8.8185) | 0.6450 | 4.3135 | 1.3550 | (2.5050) |  |
| Diluted losses per ADS (USD) | (0.9000) | 0.0422 | 0.5082 | 0.1916 | (0.1580) |  | (1.2600) | 0.0922 | 0.6158 | 0.1938 | (0.3582) |  |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **For The Three Months Ended December 31, 2024** | **For The Three Months Ended December 31, 2024** | **For The Three Months Ended December 31, 2024** | **For The Three Months Ended December 31, 2024** | **For The Three Months Ended December 31, 2024** | **For The Year Ended December 31, 2024** | **For The Year Ended December 31, 2024** | **For The Year Ended December 31, 2024** | **For The Year Ended December 31, 2024** | **For The Year Ended December 31, 2024** |
|  | **GAAP** | **Share-based** | **Amortization of** | **Impairment** | **Non-GAAP** | **GAAP** | **Share-based** | **Amortization of** | **Impairment** | **Non-GAAP** |
|  | **Result** | **Compensation** | **intangible assets\*** | **of goodwill and <br>intangible assets** | **Result** | **Result** | **Compensation** | **intangible assets\*** | **of goodwill and <br>intangible assets** | **Result** |
|  | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** |
| Revenues | 237089 | - | - | - | 237089 | 806877 | - | - | - | 806877 |
| Cost of revenues | (64317) | (460) | - | - | (64777) | (261682) | 81 | - | - | (261601) |
| Gross profit | 172772 | (460) | - | - | 172312 | 545195 | 81 | - | - | 545276 |
| Research and development | (65506) | 1280 | 6156 | - | (58070) | (243391) | 1924 | 24624 | - | (216843) |
| Selling and marketing | (104851) | (495) | 469 | - | (104877) | (342421) | (662) | 1876 | - | (341207) |
| General and administrative | (56281) | 4819 | - | - | (51462) | (244385) | 24758 | - | - | (219627) |
| Impairment of goodwill and intangible assets | (152890) | - | - | 152890 | - | (152890) | - | - | 152890 | - |
| Other operating income, net | (377) | - | - | - | (377) | 637 | - | - | - | 637 |
| Total operating income and expenses | (379905) | 5604 | 6625 | 152890 | (214786) | (982450) | 26020 | 26500 | 152890 | (777040) |
| Operating loss | (207133) | 5144 | 6625 | 152890 | (42474) | (437255) | 26101 | 26500 | 152890 | (231764) |
| Net loss attributable to Cheetah Mobile shareholders | (366784) | 5144 | 6625 | 152890 | (202125) | (617557) | 26101 | 26500 | 152890 | (412066) |
| Diluted losses per ordinary share (RMB) | (0.2439) | 0.0034 | 0.0044 | 0.1011 | (0.1350) | (0.4162) | 0.0174 | 0.0176 | 0.1017 | (0.2795) |
| Diluted losses per ADS (RMB) | (12.1947) | 0.1700 | 0.2200 | 5.0547 | (6.7500) | (20.8097) | 0.8700 | 0.8800 | 5.0847 | (13.9750) |

---

*\* This represents amortization of intangible assets resulting from business acquisitions.*

**8**

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**CHEETAH MOBILE INC.**

**Information about Segment** 

**(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for percentage)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **For The Three Months Ended December 31, 2025** | **For The Three Months Ended December 31, 2025** | **For The Three Months Ended December 31, 2025** | **For The Three Months Ended December 31, 2025** | **For The Year Ended December 31, 2025** | **For The Year Ended December 31, 2025** | **For The Year Ended December 31, 2025** | **For The Year Ended December 31, 2025** |
|  | **Internet Business** | **AI and others** | **Consolidated** | **Consolidated** | **Internet Business** | **AI and others** | **Consolidated** | **Consolidated** |
|  | **RMB** | **RMB** | **RMB** | **USD** | **RMB** | **RMB** | **RMB** | **USD** |
| **Revenues** | **155896** | **152955** | **308851** | **44165** | **615281** | **535163** | **1150444** | **164511** |
| **Operating Costs and expenses** |  |  |  |  |  |  |  |  |
| Cost of revenues<sup>(i)</sup> | 31300 | 72173 | 103473 | 14797 | 106606 | 209789 | 316395 | 45244 |
| Selling and marketing<sup>(i)</sup> | 45326 | 27041 | 72367 | 10349 | 220312 | 141650 | 361962 | 51759 |
| Research and development<sup>(i)</sup> | 10367 | 138489 | 148856 | 21286 | 110060 | 234899 | 344959 | 49328 |
| Other segment items<sup>(i)</sup> | 22237 | 98529 | 120766 | 17269 | 63436 | 223295 | 286731 | 41001 |
| **Adjusted operating income/(losses)** | **46666** | **(183277)** | **(136611)** | **(19536)** | **114867** | **(274470)** | **(159603)** | **(22821)** |
| Unallocated amounts-share based compensations |  |  | (9166) | (1310) |  |  | (19840) | (2838) |
| **Operating loss** |  |  | **(145777)** | **(20846)** |  |  | **(179443)** | **(25659)** |
| **Reconciliation of segment profit/(loss)** |  |  |  |  |  |  |  |  |
| Interest income, net |  |  | 5484 | 784 |  |  | 30629 | 4380 |
| Foreign exchange gains, net |  |  | 14156 | 2024 |  |  | 30783 | 4402 |
| Other expense, net |  |  | (74481) | (10651) |  |  | (108652) | (15537) |
| **Loss before income taxes** |  |  | **(200618)** | **(28689)** |  |  | **(226683)** | **(32414)** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For The Three Months Ended December 31, 2024** | **For The Three Months Ended December 31, 2024** | **For The Three Months Ended December 31, 2024** | **For The Year Ended December 31, 2024** | **For The Year Ended December 31, 2024** | **For The Year Ended December 31, 2024** |
|  | **Internet Business** | **AI and others** | **Consolidated** | **Internet Business** | **AI and others** | **Consolidated** |
|  | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** | **RMB** |
| **Revenues** | **160152** | **76937** | **237089** | **517188** | **289689** | **806877** |
| **Operating Costs and expenses** |  |  |  |  |  |  |
| Cost of revenues<sup>(i)</sup> | 21174 | 43603 | 64777 | 79812 | 181789 | 261601 |
| Selling and marketing<sup>(i)</sup> | 70243 | 35103 | 105346 | 200945 | 142138 | 343083 |
| Research and development<sup>(i)</sup> | 30651 | 33575 | 64226 | 115476 | 125991 | 241467 |
| Other segment items<sup>(i)</sup> | 11877 | 192852 | 204729 | 58122 | 313758 | 371880 |
| **Adjusted operating income/(losses)** | **26207** | **(228196)** | **(201989)** | **62833** | **(473987)** | **(411154)** |
| Unallocated amounts-share based compensations |  |  | (5144) |  |  | (26101) |
| **Operating loss** |  |  | **(207133)** |  |  | **(437255)** |
| **Reconciliation of segment profit/(loss)** |  |  |  |  |  |  |
| Interest income, net |  |  | 9862 |  |  | 44422 |
| Foreign exchange gains, net |  |  | (32236) |  |  | (21726) |
| Other expense, net |  |  | (82300) |  |  | (139769) |
| **Loss before income taxes** |  |  | **(311807)** |  |  | **(554328)** |

---

(i) Share-based compensations were not allocated to segments. Other segment items include general and administrative expenses and other operating expenses allocated to the respective segments.

**9**

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**CHEETAH MOBILE INC.**

**Reconciliation from Net Loss Attributable to Cheetah Mobile Shareholders to Adjusted EBITDA (Non-GAAP)**

**(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"))**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For The Three Months Ended** | **For The Three Months Ended** | **For The Three Months Ended** | **For The Year Ended** | **For The Year Ended** | **For The Year Ended** |
|  | **December 31, 2024** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2025** |
|  | **RMB** | **RMB** | **USD** | **RMB** | **RMB** | **USD** |
| Net loss attributable to Cheetah Mobile shareholders | (366784) | (190739) | (27277) | (617557) | (257713) | (36851) |
| Add: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax expenses/(benefits) | 51064 | (13722) | (1962) | 47258 | 8469 | 1211 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest income, net | (9862) | (5484) | (784) | (44422) | (30629) | (4380) |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation and other amortization | 14619 | 114426 | 16363 | 51453 | 147235 | 21054 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income attributable to noncontrolling interests | 3913 | 3843 | 550 | 15971 | 22561 | 3226 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other expense, net | 114536 | 60325 | 8627 | 161495 | 77869 | 11135 |
| &nbsp;&nbsp;&nbsp;&nbsp;Share-based compensation | 5144 | 9166 | 1310 | 26101 | 19840 | 2838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impairment of goodwill and intangible assets | 152890 | 41563 | 5943 | 152890 | 41563 | 5943 |
| **Adjusted EBITDA** | **(34480)** | **19378** | **2770** | **(206811)** | **29195** | **4176** |

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**10**

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