$RAASY

Cloopen Group Holding Ltd

CIK:0001804583|SEC Filings

Consolidated Statements of Comprehensive Loss ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2025 CNY (¥) ¥ / shares shares	Dec. 31, 2024 CNY (¥) ¥ / shares shares	Dec. 31, 2023 CNY (¥) ¥ / shares shares
Income Statement [Abstract]
Revenues (including related parties amounts of RMB 33,068, RMB 5,994 and RMB 1,377 for the years ended December 31,2020, 2021 and 2022, respectively)	$ 76,605	¥ 535,709	¥ 573,566	¥ 571,024
Cost of revenues (including related parties amounts of RMB 3,623, RMB 1,981 and RMB 2,161 for the years ended December 31, 2023, 2024 and 2025, respectively)	(55,621)	(388,963)	(362,717)	(366,375)
Gross profit	20,984	146,746	210,849	204,649
Operating expenses:
Selling and marketing expenses	(20,344)	(142,265)	(187,305)	(227,543)
General and administrative expenses	(15,882)	(111,061)	(93,916)	(191,113)
Other operating income			49,530
Research and development expenses	(19,888)	(139,081)	(177,000)	(222,538)
Total operating expenses	(56,114)	(392,407)	(408,691)	(641,194)
Operating loss	(35,130)	(245,661)	(197,842)	(436,545)
Interest income	1,524	10,656	42,151	26,826
Investment income	1,490	10,423	11,859	563
Share of gains (losses) of equity method investments	(234)	(1,638)	3	(1,470)
Impairment loss of long-term investments	(1,594)	(11,145)		(8,011)
Gains (losses) from disposal of subsidiaries, net	(249)	(1,743)	403
Foreign currency exchange gains (losses), net	(73)	(513)	(3,717)	5,699
Loss before income taxes	(34,266)	(239,621)	(147,143)	(412,938)
Income tax benefit	117	820	316	564
Net loss	(34,149)	(238,801)	(146,827)	(412,374)
Net income (loss) attributable to non-controlling interests	79	549	(4,070)	(2,652)
Net loss attributable to Cloopen Group Holding Limited	(34,228)	(239,350)	(142,757)	(409,722)
Net loss attributable to ordinary shareholders	(34,228)	(239,350)	(142,757)	(409,722)
Other comprehensive income (loss):
Foreign currency translation adjustment, net of nil income taxes	(1,036)	(7,246)	965	21,286
Total other comprehensive income (loss)	(1,036)	(7,246)	965	21,286
Comprehensive loss	(35,185)	(246,047)	(145,862)	(391,088)
Comprehensive income (loss) attributable to non-controlling interests	79	549	(4,070)	(2,652)
Comprehensive loss attributable to Cloopen Group Holding Limited	$ (35,264)	¥ (246,596)	¥ (141,792)	¥ (388,436)
Net loss per ordinary share
Basic \| (per share)	$ (0.11)	¥ (0.74)	¥ (0.44)	¥ (1.27)
Diluted \| (per share)	$ (0.11)	¥ (0.74)	¥ (0.44)	¥ (1.27)
Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share
Basic	323,149,126	323,149,126	322,945,205	321,945,825
Diluted	323,149,126	323,149,126	322,945,205	321,945,825

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 CNY (¥)	Dec. 31, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
Operating activities:
Net loss	$ (34,149)	¥ (238,801)	¥ (146,827)	¥ (412,374)
Adjustments to reconcile net loss to net cash used in operating activities
Allowance for doubtful accounts	401	2,802	(3,875)	16,456
Share-based compensation	1,887	13,193	14,304	22,238
Depreciation on Property and equipment and amortization of intangiable assets	723	5,058	7,634	8,775
Amortization of right - of- use of assets and interest on lease liabilities	288	2,016	8,468	4,516
Deferred tax expense (benefit)	(56)	(390)	(390)	(429)
Share of (gains) losses of equity method investments	234	1,638	(3)	1,470
Impairment loss of long-term investments	1,594	11,145		8,011
Losses (gains) from disposal of property and equipment	17	120	63	66
Investment income	(1,490)	(10,423)	(11,859)	(563)
Losses (gains) from disposal of subsidiaries, net	249	1,743	(403)
Unrealized foreign exchange (gains) losses	73	513	3,717	(5,699)
Changes in operating assets and liabilities, net of effect of disposal of subsidiaries:
Accounts receivable - third parties, net	(3,859)	(26,984)	38,573	(28,125)
Accounts receivable - related parties, net	(26)	(179)	34	(724)
Contract assets	(3,511)	(24,554)	(13,015)	26,675
Amounts due from related parties	(108)	(755)	760	(3,245)
Prepayments and other current assets	901	6,299	1,726	(1,326)
Operating lease right-of-use assets	(763)	(5,338)	(5,276)	(2,166)
Other non-current assets	102	714	(111)	1,052
Accounts payable	4,911	34,346	7,756	(34,395)
Contract liabilities	(948)	(6,629)	(57,116)	3,427
Amounts due to related parties	34	237	(51)	(575)
Operating lease liabilities	186	1,304	(1,890)	(4,146)
Other non-current liabilities				3,063
Accrued expenses and other current liabilities	273	1,906	(22,459)	(118,184)
Net cash used in operating activities	(33,037)	(231,019)	(180,240)	(516,202)
Investing activities:
Cash paid for business combination				(8,915)
Cash paid for purchase of property and equipment	(113)	(787)	(2,892)	(807)
Cash paid for purchase of intangible assets	(6)	(44)	(328)	(952)
Cash paid for purchase of long-term investments	(1,716)	(12,000)		(5,000)
Cash received from sale of short-term investments	51,298	358,732	357,825	24,663
Cash paid for purchase of short-term investments	(62,140)	(434,551)	(222,036)	(28,187)
Cash received from disposal of property and equipment	4	30	4	15
Cash paid for term deposits	(214,749)	(1,501,761)	(1,243,877)	(938,458)
Cash received from maturity of term deposits	215,954	1,510,189	1,571,532	1,308,935
Net cash provided by/ (used in) investing activities	(11,468)	(80,192)	460,228	351,294
Financing activities:
Net cash provided by/(used in) financing activities
Effect of foreign currency exchange rate changes on cash	1,851	12,937	(11,922)	20,092
Net increase/(decrease) in cash and restricted cash	(42,654)	(298,274)	268,066	(144,816)
Cash and restricted cash at the beginning of the year	93,023	650,515	382,449	527,265
Cash and restricted cash at the end of the year	50,369	352,241	650,515	382,449
Supplemental information
Income tax paid	3	22	11	¥ 93
Income tax refund	$ (3)	¥ (20)	¥ (774)

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2025 CNY (¥)	Dec. 31, 2024 CNY (¥)
Current assets
Cash	$ 46,351	¥ 324,134	¥ 640,119
Restricted cash	4,019	28,107	10,396
Term deposits	30,239	211,463	222,783
Short-term investments	51,441	359,734	291,280
Contract assets	8,192	57,290	27,752
Amounts due from a related party	478	3,345	2,590
Prepayments and other current assets	16,009	111,954	119,996
Total current assets	176,769	1,236,166	1,435,679
Non-current assets
Long-term investments	7,617	53,269	54,052
Property and equipment, net	871	6,088	8,173
Operating lease right-of-use assets	2,019	14,122	10,800
Intangible assets, net	1,326	9,271	11,609
Goodwill	7,783	54,427	54,427
Other non-current assets	418	2,925	3,639
Total non-current assets	20,034	140,102	142,700
Total assets	196,803	1,376,268	1,578,379
Current liabilities
Accounts payable	18,566	129,831	95,485
Contract liabilities	42,825	299,483	306,112
Operating lease liabilities-current	1,157	8,093	5,843
Amounts due to related parties	56	391	154
Accrued expenses and other current liabilities	14,682	102,675	101,009
Total current liabilities	77,286	540,473	508,603
Non-current liabilities
Operating lease liabilities-non current	541	3,785	4,731
Deferred income tax liabilities	11	76	466
Total non-current liabilities	552	3,861	5,197
Total liabilities	77,838	544,334	513,800
Commitments and contingencies (Note 18)
SHAREHOLDERS’ EQUITY:
Additional paid-in capital	1,607,205	11,239,347	11,225,945
Treasury stock	(17,288)	(120,899)	(120,899)
Accumulated other comprehensive loss	(9,096)	(63,608)	(56,362)
Accumulated deficit	(1,460,535)	(10,213,669)	(9,974,319)
Total shareholders’ Equity attributable to Cloopen Group Holding Limited	120,316	841,383	1,074,577
Non-controlling interests	(1,351)	(9,449)	(9,998)
Total shareholders’ Equity	118,965	831,934	1,064,579
Total liabilities and shareholders’ equity	196,803	1,376,268	1,578,379
Common Class A [Member]
SHAREHOLDERS’ EQUITY:
Ordinary Shares, value	28	195	195
Common Class B [Member]
SHAREHOLDERS’ EQUITY:
Ordinary Shares, value	2	17	17
Third Party [Member]
Current assets
Accounts receivable	19,970	139,651	120,374
Related Party [Member]
Current assets
Accounts receivable	$ 70	¥ 488	¥ 389