ARR surpasses $1 Billion, Quadruples in 4 Months

According to Dongcha Beating monitoring, Zhiku's ARR reached $1 billion in July. ARR is the annual revenue calculated based on the current subscription and API income rate, not equal to the recognized annual revenue.

At the end of March, Zhiku disclosed that its MaaS API platform ARR was $1.7 billion, approximately $250 million. Based on this calculation, in less than 4 months, Zhiku's ARR has surged to about 4 times the original amount.

Morgan Stanley also stated that Zhiku surpassed $1 billion in July. It has revised Zhiku's 2026 ARR forecast to $2 billion and 2027 to $4.5 billion.

Previously, Zhiku disclosed that API prices increased by a cumulative 83% in the first quarter of this year, while the usage volume continued to grow by 400%. Morgan Stanley believes that the coding capability of GLM-5.2 has driven more user adoption.