[Zhipu ARR Surpasses $1 Billion, Quadruples in 4 Months] According to monitoring by Beating, Zhipu's ARR reached $1 billion in July. ARR (Annual Recurring Revenue) is calculated based on the current subscription and API revenue rate, and does not equate to the full-year revenue already received. At the end of March, Zhipu disclosed that its MaaS API platform ARR was RMB 1.7 billion, approximately $250 million. Based on this calculation, Zhipu's ARR has grown to about four times its original value in less than four months. Macquarie also stated that Zhipu surpassed $1 billion in July. It has raised its 2026 ARR forecast for Zhipu to $2 billion and its 2027 forecast to $4.5 billion. Zhipu previously disclosed that API prices cumulatively increased by 83% in the first quarter of this year, while call volume still grew by 400%. Macquarie believes that the Coding capabilities of GLM-5.2 have driven more users to adopt the platform. [Original Link]