SenseTime Group (20) H2 2025 earnings summary

Executive summary

• FY2025 revenue reached RMB 5,015 million, growing 32.9% year-over-year, with profitability improvement and narrowing losses.

• Adjusted EBITDA turned positive for the first time, with EBITDA loss reduced by 85% year-over-year.

• Generative AI and computer vision segments drove business structure optimization and growth.

• Operating cash flow turned positive in H2 2025; cash and cash equivalents rose to RMB 10,887.1 million.

• Major advances in multimodal large models, with SenseNova and NEO architectures achieving industry-leading benchmarks.

Financial highlights

• FY2025 revenue: RMB 5,015 million, up 32.9% year-over-year.

• Gross profit: RMB 2,056.4 million, gross margin at 41.0%.

• Net loss narrowed to RMB 1,782 million, a 58.6% reduction year-over-year.

• EBITDA loss narrowed by 85% year-over-year; adjusted EBITDA improved for four consecutive periods, turning positive in 2025.

• R&D expenses decreased by 8.6% to RMB 3,775.4 million; selling and administrative expenses also declined.

Outlook and guidance

• Continued commitment to native multimodal AI and SenseNova platform innovation, with plans to deepen architecture and expand global leadership.

• Focus on cost optimization, domestic substitution, and scaling AI applications in verticals like office, education, and marketing.

• New foundational model based on NEO architecture to launch in Q2 2026, targeting further efficiency gains.