Gate News message, March 31, Zhipu released its 2025 performance data. The company’s full-year revenue exceeded 724 million yuan, up 132% year over year, becoming the domestic AI model company with the largest revenue scale; its full-year consolidated gross margin reached 41%. Among them, Zhipu’s MaaS API platform achieved ARR of 1.7 billion yuan in 2025 (about $250 million), up 60 times year over year; the MaaS API platform’s gross margin increased nearly 5 times year over year to 18.9%, with a significant improvement in profitability. The financial report shows that the company’s net loss for 2025 was 4.718 billion yuan, an increase from 2.958 billion yuan in 2024, mainly driven by continued increases in R&D spending. In addition, Zhipu will raise API prices by 83% in the first quarter of 2026. The company said that improving the upper bound of intelligence is the “first principle” in the era of large-model AGI, and it will continue to focus on sustained breakthroughs in model intelligence.
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