Cheetah Mobile Inc.
- Open
- 3.05
- Day high
- 3.05
- Day low
- 3.00
- Prev close
- 3.02
- Volume
- 10K
- Mkt cap
- $94M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.4
- P/S
- 0.6
- Yield
- —
- Per share
- —
Cheetah Mobile Inc. (CMCM) is a Communication Services company listed on NYSE. The stock is down 50% over the past year.
Cheetah Mobile Inc. (CMCM) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CMCM earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 10, 2026 | $0.66 | $-0.06 | -109.1% | $6M | -97.5% |
| Mar 24, 2026 | $0.58 | $-0.16 | -127.4% | $6M | -97.0% |
| Nov 26, 2025 | — | $-0.01 | — | $40M | — |
| Sep 11, 2025 | — | $-0.07 | — | $41M | — |
| Jun 19, 2025 | — | $-0.11 | — | $36M | — |
| Mar 26, 2025 | — | $-0.92 | — | $32M | — |
| Dec 17, 2024 | — | $-0.18 | — | $27M | — |
| Sep 13, 2024 | — | $-0.51 | — | $26M | +57.7% |
| Jun 7, 2024 | — | $-0.32 | — | $26M | — |
| Mar 21, 2024 | — | $-0.77 | — | $23M | +45.7% |
| Aug 28, 2023 | — | $-0.66 | — | $23M | +46.1% |
| Apr 11, 2023 | — | $-0.69 | — | $25M | +45.4% |
CMCM insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 22, 2026 | Fu Shengdirector, officer: Chief Executive Officer | Option | 10,707,950 | — |
| Jun 22, 2026 | Ren Thomas Jintaodirector, officer: Chief Financial Officer | Option | 2,841,750 | — |
Source: CMCM SEC Form 4 filings, latest Jun 22, 2026. For informational purposes only — not investment advice.
See the full CMCM insider & 13F page →Cheetah Mobile Inc. company profile
Overview
Cheetah Mobile Inc. (NYSE:CMCM) is a Chinese internet technology company founded in 2009 and originally known as Kingsoft Internet Software Holdings Limited before changing its name in March 2014. The company went public on the New York Stock Exchange in May 2014. Originally focused on mobile utility applications and internet services for consumers, Cheetah Mobile has undergone a significant strategic transformation in recent years, pivoting from a consumer-facing (B2C) business model to an enterprise-focused (B2B) approach centered on artificial intelligence and service robotics. The company is headquartered in Beijing, China, and operates internationally across the United States, Japan, Europe, and Southeast Asia.
Business
Cheetah Mobile operates in the internet content and information sector, with its business now divided into two primary segments following its strategic transformation. The Internet Business segment represents the company's legacy operations and accounts for approximately 68% of total revenue. This segment includes utility applications such as Clean Master (a mobile device optimization tool that cleans junk files, boosts memory, and protects privacy), Security Master (an anti-virus and security application), and Duba Anti-virus (internet security software). The segment also encompasses mobile games like Piano Tiles 2, Rolling Sky, and Dancing Line, along with advertising publisher services that connect mobile app developers, game creators, and e-commerce companies with audiences through various advertising networks and search engines. The AI and Others segment represents approximately 32% of total revenue and encompasses the company's newer strategic focus areas. This segment includes service robotics (wheeled robots designed for restaurants, hotels, factories, and exhibition centers), large language model development and enterprise AI applications, cloud-based data analytics, and various value-added products. Within this segment, the robotics business has become a particular growth driver, with management targeting it to account for over half of company revenue within three years. The company's transformation reflects a broader shift from consumer mobile applications toward enterprise-facing artificial intelligence and robotics solutions, positioning Cheetah Mobile as a technology provider for businesses rather than individual consumers.
Revenue model
Cheetah Mobile generates revenue through multiple business models across its two main segments. The Internet Business segment primarily operates on an advertising-based model, where the company monetizes its large user base of mobile utility applications and games by serving advertisements from direct advertisers, search engines, and partnering mobile advertising networks. Revenue is generated through advertising impressions, clicks, and user engagement with sponsored content. The AI and Others segment employs a more diverse revenue approach. For service robotics, the company sells robots directly to enterprise customers such as restaurants, hotels, and factories, generating revenue through product sales. The company is also exploring flexible pricing models for its AI applications, including commission-based arrangements where Cheetah Mobile shares in the cost savings achieved by enterprise customers, and percentage-based fees tied to operational improvements. Several factors influence the company's profit margins. Positive margin drivers include the scalability of software-based products, particularly AI applications that can be deployed across multiple customers with minimal incremental costs, and the company's focus on international expansion where it can potentially command premium pricing. The shift toward enterprise customers also typically offers higher margins than consumer advertising models. However, margin pressures come from substantial research and development investments, which currently consume approximately 60% of revenues as the company develops advanced AI capabilities and robotics technology. International expansion costs, competitive pressures in both the advertising and robotics markets, and the need to maintain substantial cash reserves for strategic investments also impact profitability. The company's gross margins have improved to 73% on a non-GAAP basis, indicating strong unit economics, but operating losses persist due to heavy investment in future growth areas.
Competitive moat
Cheetah Mobile's competitive moat is moderate but evolving as the company transitions its business model. In its legacy Internet Business, the company benefits from an established user base and brand recognition in mobile utility applications, particularly in international markets. However, this represents a relatively weak moat as mobile utility apps face intense competition and declining relevance as mobile operating systems have improved their built-in optimization capabilities. The company's emerging moat lies in its AI and robotics capabilities. Cheetah Mobile has developed proprietary large language models with 14 billion parameters and created AgentOS, a voice interaction system for service robots. The company's technological accumulation in AI, combined with its integrated approach from research and development through to sales and customer service, provides some competitive advantages. Additionally, the company's international expansion and established sales channels in markets like Japan, South Korea, and Europe create barriers for new entrants. However, the moat remains vulnerable to several competitive threats. The service robotics market is rapidly evolving with numerous well-funded competitors, including both specialized robotics companies and technology giants. Large language model development requires substantial ongoing investment and faces competition from major technology companies with significantly greater resources. The company's pivot from consumer to enterprise markets also means it must rebuild relationships and prove value propositions in new customer segments. The strength of Cheetah Mobile's moat will largely depend on its execution in building sustainable competitive advantages in AI and robotics, including developing superior technology, establishing strong customer relationships, and achieving operational scale that creates cost advantages over competitors.
Risks & safety
Cheetah Mobile presents a mixed margin of safety profile with both strengths and concerns for investors. **Liquidity and Solvency:** • Strong cash position of approximately $250 million (RMB 1.83 billion) provides substantial runway • Current ratio of 1.26 indicates adequate short-term liquidity coverage • Minimal debt with debt-to-equity ratio near zero, eliminating solvency risk • Negative free cash flow of $35.6 million in 2024 indicates ongoing cash burn **Valuation Metrics:** • Price-to-book ratio of 0.01 suggests trading well below book value • Negative earnings make P/E ratios meaningless, but company trades at significant discount to assets • EV/EBITDA of 3.4 appears reasonable given growth investments, though EBITDA is negative **Other Considerations:** • Heavy R&D spending (60% of revenue) creates near-term losses but potential long-term value • International diversification reduces single-market risk • Management maintains cautious financial approach with no immediate plans for dividends or buybacks • Transformation risk as company pivots from proven consumer business to unproven enterprise model
Recent development
Cheetah Mobile has undergone a fundamental strategic transformation over the past few years, shifting from a consumer-focused mobile application company to an enterprise-facing AI and robotics provider. The most significant development has been the company's heavy investment in artificial intelligence capabilities, including the development of proprietary large language models with up to 14 billion parameters and the creation of enterprise AI applications for customer service, training, and operational efficiency. The service robotics business has emerged as a key growth driver, with the company focusing specifically on wheeled robots rather than humanoid alternatives, emphasizing practical implementation and cost-effectiveness. Recent product launches include factory and fulfillment center delivery robots, and the company has developed AgentOS, a next-generation voice interaction system that integrates large language model capabilities into robotic platforms. The addition of robotic arms to enhance functionality represents another significant product evolution. International expansion has accelerated significantly, with overseas revenue now exceeding domestic revenue. The company has established presence in Japan, South Korea, Europe, Southeast Asia, North America, and Australia, with particular traction in the Japanese and South Korean markets for service robots. This geographic diversification has helped offset challenges in the domestic Chinese market. The company completed the acquisition of Beijing OrionStar to enhance its AI capabilities and has been developing multimodal AI models for improved autonomous navigation and interaction. Additionally, Cheetah Mobile has launched AirDS, an AI-based data service platform, and is working to create standardized Software-as-a-Service products for businesses across various industries.
CMCM company profile · for informational purposes only — not investment advice.
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