Zhipu AI revenue jumps 132% in first post-IPO report, missing estimates
SCMP Tech / 3/31/2026
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Key Points
- Zhipu AI reported first post-IPO results showing revenue increased by 132%, but the figure came in below analysts’ estimates.
- The company’s total losses rose 59.5% to 4.72 billion yuan, highlighting continued pressure from operating costs.
- The article attributes the widening losses largely to higher research and development spending as Zhipu AI scales its technology development.
- The results suggest a growth-at-any-cost pattern typical of AI firms transitioning from development to monetization after going public.
Chinese artificial intelligence company Zhipu AI posted worse-than-expected annual revenue growth in its first earnings report since its initial public offering (IPO) in Hong Kong in January.
Revenue rose 131.9 per cent year on year to 724.33 million yuan (US$104.8 million) for the year ended December 2025, the Beijing-based company said on Tuesday, lagging an estimate of 756 million yuan by analysts polled by Bloomberg.
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