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Zhipu reported a remarkable financial performance for 2025, with revenue exceeding 724 million yuan, marking a 132% increase from the previous year. The company's MaaS API platform achieved an annual recurring revenue (ARR) of 1.7 billion yuan (approximately USD 250 million), a 60-fold increase year-over-year. The gross profit margin of the platform also rose nearly fivefold to 18.9%, significantly boosting profitability.Zhipu's overall gross profit margin for 2025 stood at 41%, solidifying its position as China's largest large model company by revenue. Despite an 83% increase in API prices in early 2026, the company experienced a rise in usage volume, indicating strong market demand. Zhipu emphasized its commitment to advancing intelligent capabilities as a core focus in the era of artificial general intelligence (AGI).

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