RAASYOTCServices-Prepackaged SoftwareFiscal year ends December 31
Cloopen Group Holding Ltd
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on May 8, 2026
$2.52−0.01 (-0.40%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
27.4%−6.5 pts over 5 years
Operating margin
-45.9%+5.4 pts over 5 years
Net margin
-44.7%+14.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -6.6% | -3.4% | -5.8% | – | |
| Gross profit | -30.4% | -13.4% | -9.8% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 21.9% | -25.0% | |
| Return on assets | – | -59.0% | -16.2% | |
| Current ratio | – | 1.19 | 2.29 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | -106.6× | – | |
| Capex to revenue | – | 0.5% | 0.1% | |
| Diluted shares | – | 85M | 323M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Cloopen Group generated CN¥1.73B from operations and spent CN¥56.96M on capital expenditure, dividends and share buybacks. 31% of that went back into the business.
Generated
CN¥1.73B
Used
CN¥56.96M
Capital expenditureCN¥17.70M31%DividendsCN¥00%Share buybacksCN¥39.26M69%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-44.7%
×Asset turnover0.36×
×Equity multiplier1.54×
=Return on equity, FY2025-25.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -44.7% | 0.36× | 1.54× | -25.0% |
| FY2024 | -24.9% | 0.34× | 1.48× | -12.5% |
| FY2023 | -71.8% | 0.28× | 1.48× | -29.6% |
| FY2022 | -164.2% | 0.22× | 1.38× | -50.4% |
| FY2021 | -120.1% | 0.39× | -13.00× | 603.6% |
| FY2020 | -58.8% | 1.00× | -0.37× | 21.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-CN¥239.35M
- Cash generatingOperating cash flow above zero-CN¥231.02M
- Return on assets improvedROA up on the prior year-8.0% → -15.2%
- Earnings backed by cashOperating cash flow above net income-CN¥231.02M vs -CN¥239.35M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.82 → 2.29
- No dilutionShare count did not rise323M → 323M
- Gross margin improvedGross margin up on the prior year36.76% → 27.39%
- More efficientAsset turnover rose0.32 → 0.34