Cloopen Group Holding Limited
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsCloopen Group Holding Ltd is a China-based provider of cloud communication services, listed on the NYSE under the ticker RAASY with American Depositary Shares.
What they do
Cloopen provides cloud-based communication services, including Communication Platform as a Service (CPaaS), to enterprises. The company operates through a variable interest entity (VIE) structure in China, with Beijing Ronglian Yitong Information Technology Co., Ltd. and other subsidiaries. It also has operations in Japan through Cloopen Japan Co., Ltd.
Revenue drivers
- Cloud Communication Services — The primary revenue source, which includes CPaaS offerings. This segment generates revenue based on usage or subscription fees from enterprise customers.
Recent performance
For fiscal year 2025, Cloopen reported revenue of $76.6 million, a decline from $78.6 million in 2024. Net loss was $34.2 million, wider than the $19.6 million loss in 2024. Diluted loss per share was $0.11, compared to $0.06 in the prior year. Operating cash flow was negative $33.0 million, reflecting ongoing cash consumption.
Strategy
The filing does not provide specific strategic initiatives. As a cloud communication provider, the company focuses on serving enterprise customers in China and Japan. The company operates under a VIE structure, which is common for Chinese companies listed in the U.S.
Risks
- Revenue Decline — Revenue has decreased from $118.1 million in 2021 to $76.6 million in 2025, indicating challenges in growing or maintaining the business.
- Persistent Losses — The company has incurred net losses for at least five consecutive years, with a net loss of $34.2 million in 2025.
- Negative Operating Cash Flow — Operating cash flow has been negative for five straight years, including negative $33.0 million in 2025, which may strain liquidity.
- VIE Structure — The company operates through a variable interest entity structure, which may pose risks related to control and enforceability under Chinese law.
Outlook
The filing does not include management's forward-looking statements or guidance. The company's recent performance shows continued revenue declines and net losses, and there is no disclosed information on expected future results.