Z.AI
$626.50Change from previous close: −2.26%Absolute change: −$14.50
At a glance
- Revenue growth
- +131.85%
- 2025 vs 2024
- Net margin
- -648.6%
- 2024: -946.3%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | 724 | 312 | 125 | 57.4 |
| Cost of revenue | 428 | 137 | 42.3 | 26.0 |
| Gross profit | 297 | 176 | 82.2 | 31.4 |
| Selling, general and administrative | 896 | 521 | 168 | 47.5 |
| Research and development | 3,180 | 2,195 | 529 | 84.4 |
| Operating income | -3,801 | -2,559 | -635 | -100 |
| EBIT | -3,801 | -2,559 | -635 | -100 |
| EBITDA | -3,728 | -2,456 | -611 | -92.2 |
| Interest expense | 37.5 | 32.6 | 7.5 | 0.8 |
| Pre-tax income | -4,718 | -2,958 | -788 | -144 |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 |
| Net income | -4,698 | -2,956 | -788 | -143 |
| Net income to common shareholders | -1,918 | -1,394 | -445 | -104 |
| Basic EPS | -12.03 | -8.72 | -2.95 | -0.78 |
| Diluted EPS | -12.03 | -8.72 | -2.95 | -0.78 |
| Average shares (basic) | 160 | 160 | 151 | 133 |
| Average shares (diluted) | 160 | 160 | 151 | 133 |