diff --git a/virt/kvm/kvm_main.c b/virt/kvm/kvm_main.c
index e22ff63e5b1a..e7a07132cd7f 100644
--- a/virt/kvm/kvm_main.c
+++ b/virt/kvm/kvm_main.c
@@ -650,6 +650,7 @@ static struct kvm *kvm_create_vm(unsigned long type)
 	if (init_srcu_struct(&kvm->irq_srcu))
 		goto out_err_no_irq_srcu;
 
+	refcount_set(&kvm->users_count, 1);
 	for (i = 0; i < KVM_ADDRESS_SPACE_NUM; i++) {
 		struct kvm_memslots *slots = kvm_alloc_memslots();
 
@@ -667,7 +668,6 @@ static struct kvm *kvm_create_vm(unsigned long type)
 			goto out_err_no_arch_destroy_vm;
 	}
 
-	refcount_set(&kvm->users_count, 1);
 	r = kvm_arch_init_vm(kvm, type);
 	if (r)
 		goto out_err_no_arch_destroy_vm;
@@ -696,8 +696,8 @@ out_err:
 	hardware_disable_all();
 out_err_no_disable:
 	kvm_arch_destroy_vm(kvm);
-	WARN_ON_ONCE(!refcount_dec_and_test(&kvm->users_count));
 out_err_no_arch_destroy_vm:
+	WARN_ON_ONCE(!refcount_dec_and_test(&kvm->users_count));
 	for (i = 0; i < KVM_NR_BUSES; i++)
 		kfree(kvm_get_bus(kvm, i));
 	for (i = 0; i < KVM_ADDRESS_SPACE_NUM; i++)