[Zhipu Announces 2025 Performance: Annual Revenue Exceeds 724 Million Yuan, Up 132% Year-on-Year] According to Deep Tide TechFlow news on March 31, as reported by Caixin, in 2025, Zhipu's MaaS API platform achieved an ARR of 1.7 billion yuan (approximately $250 million), marking a 60-fold year-on-year increase. Meanwhile, the gross profit margin of the MaaS API platform increased nearly fivefold year-on-year to 18.9%, significantly enhancing profitability. Zhipu's 2025 performance exceeded expectations, with the financial report showing that the company's annual revenue surpassed 724 million yuan, a year-on-year growth of 132%, making it the largest domestic large-model company in terms of revenue scale. The annual comprehensive gross profit margin reached 41%. After Zhipu raised API prices by 83% in the first quarter of 2026, usage volume not only did not decline but increased instead, with market demand still exceeding supply. The company stated that improving the upper limit of intelligence is the "first principle" in the AGI era of large models and will continue to focus on breakthroughs in model intelligence.