SenseTime's Generative AI Bet Pays Off With 33% Revenue Growth and First Positive EBITDA Half

SenseTime's 2025 annual results reveal a company being reshaped by generative AI. Revenue climbed 33% to $724 million, with generative AI now accounting for over 72% of total revenue — up from 64% a year earlier. More importantly, the company posted its first positive EBITDA half since going public.

Key Takeaways

• Generative AI revenue surged 51% to $521 million, becoming SenseTime's dominant business segment and overtaking legacy computer vision operations.
• The company achieved positive EBITDA of $54.5 million in the second half of 2025, its first profitable half-year period since listing, though full-year EBITDA remained negative.
• Net losses narrowed dramatically from $623 million to $261 million, supported by cost discipline across R&D, sales, and administration — though asset disposal gains also contributed.

The results mark a turning point for the Chinese AI firm, but questions remain. Gross margins contracted to 41%, reflecting the infrastructure costs of scaling generative AI, and operating cash flow stayed negative for the full year. The next test is whether SenseTime can sustain momentum without continued reliance on external capital.