According to Caixin, in 2025, Zhipu’s MaaS API platform achieved an ARR of RMB 1.7 billion (approximately USD 250 million), a 60-fold year-over-year increase. Meanwhile, the gross profit margin of the MaaS API platform rose nearly fivefold to 18.9%, significantly enhancing profitability. Zhipu’s 2025 financial performance exceeded expectations: the company’s annual revenue surpassed RMB 724 million, a 132% year-over-year increase, making it China’s largest large model company by revenue, with an overall gross profit margin of 41% for the year. After raising API prices by 83% in the first quarter of 2026, Zhipu saw an increase in usage volume rather than a decline, indicating continued market demand exceeding supply. The company stated that enhancing intelligent capabilities is the “first principle” in the era of AGI, and it will remain focused on continuous breakthroughs in model intelligence.
Zhipu reports 2025 revenue of over 724 million yuan, up 132% year-over-year.
TechFlowShare
Summary
Zhipu reported 2025 revenue exceeding 724 million yuan, a 132% year-over-year increase. Its MaaS API platform achieved an ARR of 1.7 billion yuan, a 60-fold growth, with a gross margin of 18.9%. The company’s full-year gross margin reached 41%, making it China’s leading large model firm in revenue generation. Despite an 83% API price increase in Q1 2026, usage rose, indicating strong demand. With altcoins to watch gaining momentum, the crypto price landscape remains dynamic.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.