Zhipu has unveiled its financial results for the fiscal year ended December 31, 2025, revealing a remarkable revenue of RMB 724 million, which signifies a substantial 131.9% increase compared to the previous year. However, the company also reported an adjusted net loss of RMB 3.182 billion, reflecting a 29.1% widening from the year before. In 2025, the number of paying developers enrolled in Zhipu's GLM Coding Plan soared past 242,000. Come February 2026, the plan's pricing structure underwent a revision, with a 30% hike in fees and the discontinuation of the first-purchase discount. Remarkably, within just 24 hours of the GLM-5's release, it was swiftly adopted by key industry leaders. By March 2026, Zhipu's platform had amassed over 4 million registered users. Despite an 83% spike in API call prices, the market found itself in the throes of what could be termed a "computing power panic." When it comes to service deployment, Zhipu provides a flexible approach, offering both cloud-based and localized solutions. In 2025, revenue derived from cloud deployments surged to RMB 190.4 million, representing a staggering 292.6% increase, while revenue from localized deployments climbed to RMB 534 million, marking a 102.3% uptick.