Indicators / series
epoch.z_ai_zhipu.revenue_run_rate_usd.pt
Source: Epoch AI data hub — AI companies (Epoch AI) · CC BY 4.0 · CSV
Epoch AI, 'Data on AI Companies' (CC BY 4.0), epoch.ai/data
| id | value | grade | as of date | published date | tier | audited vs reported | extraction method | review status | retrieved at | http status | content hash | supersedes id | url | flags |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 033cadd38cdbb70a | $8.6M | grade C, evidence tier 5 | 2022-07-01 | 2025-12-30 | 5 | estimated | api | approved | 2026-09-10T01:28:41.972289Z | 200 | 90c5337eb305 | — | source page | run_rate |
| 9c50c12878291a3f | $17.6M | grade C, evidence tier 5 | 2023-07-01 | 2025-12-30 | 5 | estimated | api | approved | 2026-09-10T01:28:41.972289Z | 200 | 90c5337eb305 | — | source page | run_rate |
| 27ff3c756a6e11b9 | $12.4M | grade C, evidence tier 5 | 2024-04-01 | 2025-12-30 | 5 | estimated | api | approved | 2026-09-10T01:28:41.972289Z | 200 | 90c5337eb305 | — | source page | run_rate |
| 0b064977a302c2e4 | $37.5M | grade C, evidence tier 5 | 2024-10-01 | 2025-12-30 | 5 | estimated | api | approved | 2026-09-10T01:28:41.972289Z | 200 | 90c5337eb305 | — | source page | run_rate |
| 53e1455f45a9b9fe | $53.3M | grade C, evidence tier 5 | 2025-04-01 | 2025-12-30 | 5 | estimated | api | approved | 2026-09-10T01:28:41.972289Z | 200 | 90c5337eb305 | — | source page | run_rate |
| d1b25741f036bb1b | $153M | grade C, evidence tier 5 | 2025-10-01 | 2026-03-31 | 5 | estimated | api | approved | 2026-09-10T01:28:41.972289Z | 200 | 90c5337eb305 | — | source page | run_rate |
| f64560a6646757a8 | $284M | grade C, evidence tier 5 | 2026-03-31 | 2026-03-31 | 5 | estimated | api | approved | 2026-09-10T01:28:41.972289Z | 200 | 90c5337eb305 | — | source page | run_rate |
| b7dae3087b70126a | $1.6B | grade C, evidence tier 5 | 2026-08-31 | 2026-08-31 | 5 | reported | api | approved | 2026-09-10T01:28:41.972289Z | 200 | 90c5337eb305 | — | source page | run_rate |
Raw snippets and dispute text
- 033cadd38cdbb70a {"Annualized revenue (USD)": "8600000.0", "Annualized revenue type": "Period interpolation", "Company": "Z.ai (Zhipu)", "Confidence": "Likely", "Date": "2022-07-01", "Id": "2022", "Notes": "Interpolated from average revenue over 2022 to the midpoint of 2022.\n\nFrom IPO prospectus: \"In 2022, 2023 and 2024, our revenue was RMB57.4 million, RMB124.5 million and RMB312.4 million, respectively, representing a CAGR of over 130%.\"\n\nRMB to USD was 6.73 on average per IRS (https://www.irs.gov/individuals/international-taxpayers/yearly-average-currency-exchange-rates ), which makes this ~8.53M for 2023.\n\nInterpolating the average revenue rate over 2022 to the midpoint of 2022, which should be a decent approximation, leads to a ~$8.5M run rate achieved around July 1, 2022.\n(Interpolation is a likely estimate, revenue for period is Confident, since it's ~ground truth from IPO documents)", "Report date": "2025-12-30", "Revenue amount (normalize to annual)": "8600000.0", "Scope": "Full company", "Source 1": "https://www1.hkexnews.hk/app/sehk/2025/107977/a128413/sehk25121901755.pdf", "Source type": "Company disclosure"}
- 9c50c12878291a3f {"Annualized revenue (USD)": "17600000.0", "Annualized revenue type": "Period interpolation", "Company": "Z.ai (Zhipu)", "Confidence": "Likely", "Date": "2023-07-01", "Id": "2023", "Notes": "Interpolated from average revenue over 2023 to the midpoint of 2023.\n\nFrom IPO prospectus: \"In 2022, 2023 and 2024, our revenue was RMB57.4 million, RMB124.5 million and RMB312.4 million, respectively, representing a CAGR of over 130%.\"\n\nper the IRS's average annual exchange rates, 7.075 RMD per USD, RMB124.5M is $17.597M in 2023.\n\nInterpolating the average revenue rate over 2023 to the midpoint of 2023, which should be a decent approximation, leads to a ~$17.6M run rate achieved around July 1, 2023.\n(Interpolation is a likely estimate, revenue for period is Confident, since it's ~ground truth from IPO documents)", "Report date": "2025-12-30", "Revenue amount (normalize to annual)": "17600000.0", "Scope": "Full company", "Source 1": "https://www1.hkexnews.hk/app/sehk/2025/107977/a128413/sehk25121901755.pdf", "Source type": "Company disclosure"}
- 27ff3c756a6e11b9 {"Annualized revenue (USD)": "12400000.0", "Annualized revenue type": "Period interpolation", "Company": "Z.ai (Zhipu)", "Confidence": "Likely", "Date": "2024-04-01", "Id": "H1 2024", "Notes": "Interpolated from average revenue over H1 2024 to the midpoint of H1 2024.\n\n\"For the six months ended June 30, 2024 and 2025, our revenue was RMB44.9 million and RMB190.9 million, respectively.\"\n\nExchange rate on June 30, 2025 was 0.1396 RMB per USD.\nThis is 6.18 million USD in H1 2024 or annualized run rate of $12.4M.\n\nInterpolating the average revenue rate over H1 2024 to the midpoint of H1 2024, which should be a decent approximation, leads to a $12.4M run rate achieved around April 1, 2024.\n\n(Interpolation is a likely estimate, revenue for period is Confident, since it's ~ground truth from IPO documents)", "Report date": "2025-12-30", "Revenue amount (normalize to annual)": "12400000.0", "Scope": "Full company", "Source 1": "https://www1.hkexnews.hk/app/sehk/2025/107977/a128413/sehk25121901755.pdf", "Source type": "Company disclosure"}
- 0b064977a302c2e4 {"Annualized revenue (USD)": "37500000.0", "Annualized revenue type": "Period interpolation", "Company": "Z.ai (Zhipu)", "Confidence": "Likely", "Date": "2024-10-01", "Graph note": "Date is approximate, based on interpolating average revenue rate in H2 2024 to midpoint of H2", "Id": "H2 2024", "Notes": "Interpolated from average revenue over H2 2024 to the midpoint of H2 2024.\n\nFrom IPO prospectus: \"In 2022, 2023 and 2024, our revenue was RMB57.4 million, RMB124.5 million and RMB312.4 million, respectively, representing a CAGR of over 130%. For the six months ended June 30, 2024 and 2025, our revenue was RMB44.9 million and RMB190.9 million, respectively.\"\n\nSubtracting 44.9 million from H1 2024 from 2024's 312.4 million total is 267.5M RMB.\n\nAt ~0.14 RMB per USD, this is ~$37.45M USD.\n\nInterpolating the average revenue rate over H2 2024 to the midpoint of H2 2024, which should be a decent approximation, leads to a $37.4M run rate achieved around October 1, 2024.", "Report date": "2025-12-30", "Revenue amount (normalize to annual)": "37500000.0", "Scope": "Full company", "Source 1": "https://www1.hkexnews.hk/app/sehk/2025/107977/a128413/sehk25121901755.pdf", "Source type": "Company disclosure"}
- 53e1455f45a9b9fe {"Annualized revenue (USD)": "53300000.0", "Annualized revenue type": "Period interpolation", "Company": "Z.ai (Zhipu)", "Confidence": "Likely", "Date": "2025-04-01", "Graph note": "Date is approximate, based on interpolating average revenue rate in H1 2025 to midpoint of H1", "Id": "H1 2025", "Notes": "Interpolated from average revenue over H1 2025 to the midpoint of H1 2025. Z.ai only reports annual and biannual revenue. \n\nPer IPO docs: \"For the six months ended June 30, 2024 and 2025, our revenue was RMB44.9 million and RMB190.9 million, respectively.\"\n\nExchange rate on June 30, 2025 was 0.1396 RMB per USD.\nThis is 26.65 million USD in H1 2025 or an annualized run rate of $53.3 million.\n\nInterpolating the average revenue rate over H1 2025 to the midpoint of H1 2025 leads to a $53.3M run rate achieved around April 1, 2024. This should be a decent approximation, though growing revenue over time means that revenue run rate hits average revenue over time at slightly after the midpoint of the period.\n\n(Interpolation is a likely estimate, revenue for period is Confident, since it's ~ground truth from IPO documents)", "Report date": "2025-12-30", "Revenue amount (normalize to annual)": "53300000.0", "Scope": "Full company", "Source 1": "https://www1.hkexnews.hk/app/sehk/2025/107977/a128413/sehk25121901755.pdf", "Source type": "Company disclosure,Other"}
- d1b25741f036bb1b {"Annualized revenue (USD)": "153000000.0", "Annualized revenue type": "Period interpolation", "Company": "Z.ai (Zhipu)", "Confidence": "Likely", "Date": "2025-10-01", "Graph note": "Date is approximate, based on interpolating average revenue rate in H1 2025 to midpoint of H1", "Id": "H2 2025", "Notes": "Interpolated from average revenue over H2 2025 to the midpoint of H2 2025.\n\nZ.ai reported 724.3 million RMB total revenue in 2025 (Bloomberg). Per their IPO filings, they had 190.9 million RMB revenue in H1 2025. This implies 533.4M RMB revenue in H2 2025. Using 6.989 RMB to USD from December 31, 2025, that's ~$76.3M USD in H2 2025 which annualizes to $153M USD per year.\n\nInterpolating the average revenue rate over H2 2025 to the midpoint of H2 2025 should be a decent approximation, though growing revenue over time means that revenue run rate hits average revenue over time at slightly after the midpoint of the period.\n", "Report date": "2026-03-31", "Revenue amount (normalize to annual)": "153000000.0", "Scope": "Full company", "Source 1": "https://www.bloomberg.com/news/articles/2026-03-31/zhipu-s-losses-climb-60-after-chinese-ai-rivalry-worsens", "Source 2": "https://www1.hkexnews.hk/app/sehk/2025/107977/a128413/sehk25121901755.pdf", "Source type": "Company disclosure,Other"}
- f64560a6646757a8 {"Annualized revenue (USD)": "284000000.0", "Annualized revenue type": "Period interpolation", "Company": "Z.ai (Zhipu)", "Confidence": "Likely", "Date": "2026-03-31", "Graph note": "Date is approximate, based on interpolating average revenue rate in H1 2026", "Id": "H1 2026", "Notes": "Interpolated from average revenue over H1 2026 to the midpoint of H1 2026, so this is an approximate figure. SCMP reporting on Z.ai earnings: \"Revenue for the six months ended June 30 rose to 953.89 million yuan (US$142 million).\"\n\n", "Report date": "2026-03-31", "Revenue amount (normalize to annual)": "284000000.0", "Scope": "Full company", "Source 1": "https://www.scmp.com/tech/big-tech/article/3365870/chinas-zai-revenue-jumps-400-total-losses-narrow-explosive-cloud-gains", "Source 2": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0831/2026083101539.pdf", "Source type": "Company disclosure,Media report"}
- b7dae3087b70126a {"Annualized revenue (USD)": "1600000000.0", "Annualized revenue type": "Annual recurring revenue (ARR)", "Company": "Z.ai (Zhipu)", "Confidence": "Confident", "Date": "2026-08-31", "Id": "August 2026 1.6B", "Notes": "SCMP reporting on Z.ai earnings: \n\"Beyond its first-half results, Z.ai said that its annual recurring revenue (ARR) \u2013 a key metric that projects current monthly subscription income over a 12-month period \u2013 had reached US$1.6 billion by the end of August.\"", "Report date": "2026-08-31", "Revenue amount (normalize to annual)": "1600000000.0", "Scope": "Full company", "Source 1": "https://www.scmp.com/tech/big-tech/article/3365870/chinas-zai-revenue-jumps-400-total-losses-narrow-explosive-cloud-gains", "Source type": "Company disclosure,Media report"}