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Zhipu ARR surpasses $1 billion, up 4x in 4 months
According to Beating monitoring, Zhipu’s ARR reached $1 billion in July. ARR is an estimated annual revenue calculated based on the current pace of subscription and API income, and it is not the full-year revenue that has already been received.
At the end of March, Zhipu disclosed that its MaaS API platform ARR was 1.7 billion yuan, or about $250 million. Based on this figure, in less than 4 months, Zhipu’s ARR had grown to roughly 4 times the original level.
Morgan Stanley also said that Zhipu had already surpassed $1 billion in July. It raised its ARR forecast for Zhipu for 2026 to $2 billion and for 2027 to $4.5 billion.
Zhipu previously disclosed that its API prices were cumulatively increased by 83% in the first quarter of this year, while call volume continued to grow by 400%. Morgan Stanley believes that the Coding capabilities of GLM-5.2 are driving wider user adoption.