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 | Q2 2026 | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 |
|---|---|---|---|---|---|
| Total revenue | 954 | 533 | 191 | 268 | 44.9 |
| Cost of revenue | 702 | 333 | 95.5 | 114 | 22.6 |
| Gross profit | 252 | 200 | 95.4 | 154 | 22.3 |
| Selling, general and administrative | 281 | 502 | 394 | 325 | 196 |
| Research and development | 2,131 | 1,586 | 1,595 | 1,336 | 859 |
| Operating income | -2,147 | -1,897 | -1,899 | -1,525 | -1,034 |
| EBIT | -2,147 | -1,897 | -1,899 | -1,525 | -1,034 |
| EBITDA | -2,012 | -1,860 | -1,760 | -1,484 | -972 |
| Interest expense | 22.5 | 17.7 | 19.8 | 20.8 | 11.8 |
| Pre-tax income | -2,070 | -2,360 | -2,358 | -1,722 | -1,236 |
| Income tax | 2.0 | — | — | — | — |
| Net income | -2,071 | -2,347 | -2,351 | -1,721 | -1,236 |
| Net income to common shareholders | -2,021 | -925 | -993 | -806 | -588 |
| Basic EPS | -4.67 | -5.80 | -6.23 | -5.06 | -3.67 |
| Diluted EPS | -4.67 | -5.80 | -6.23 | -5.06 | -3.67 |
| Average shares (basic) | 432 | 160 | 160 | 160 | 160 |
| Average shares (diluted) | 432 | 160 | 160 | 160 | 160 |