Zhipu released its 2025 financial report, showing a total annual revenue of 724 million yuan, a year-on-year increase of 131.9%; a net loss of 4.718 billion yuan, compared to a net loss of 2.958 billion yuan in the same period last year; and an adjusted net loss for the year of 3.182 billion yuan, a year-on-year increase in loss of 29.1%.