SenseTime revenue tops $725.4m in 2025

SenseTime, a Hong Kong-listed AI software company, said its 2025 revenue rose 33% year-on-year to over 5 billion yuan (US$725.4 million) as it reported its annual results.

The company said its net loss narrowed 58.6% from a year earlier, and its EBITDA for the second half of 2025 turned positive at 380 million yuan (US$55.1 million), its first positive EBITDA since listing.

SenseTime said trade receivables collections reached 4.9 billion yuan (US$710.8 million), and operating cash flow was net positive in the second half of 2025, a first since listing.

It plans to launch a new foundation model based on its second-generation NEO architecture in Q2 2026.

🔗 Source: SenseTime

🧠 Food for thought

Implications, context, and why it matters.

Generative AI now powers the business as other ventures are spun off

Generative AI drives nearly all growth, with revenue up 73% and representing 77% of total revenue in the first half of 2025 1.
That momentum helps cover weakness in the “X Businesses” segment (smart auto and healthcare), where revenue fell 39.5% over the same period 1.
SenseTime plans for these X businesses to run on their own and raise outside funding. The company aims to later deconsolidate them from group accounts (meaning removing them from SenseTime’s consolidated financial statements) to lift profitability 1.

SenseTime’s financial health tests the limits of U.S. sanctions

Financial results improved even though SenseTime has been on the U.S. Entity List since 2019, which limits access to advanced American semiconductors 2.
SenseTime has faced allegations of using intermediaries to buy banned AI components, though those claims sit apart from its disclosed financial results 3.
SenseTime joined the “Model-Chip Ecosystem Innovation Alliance,” which aims to build a China-based ecosystem across chips, AI models, and computing infrastructure 4. Members include Chinese AI developers plus chipmakers such as Huawei 4.