Beijing Fourth Paradigm Technology Co., Ltd. (4Paradigm) announced its business performance for the third quarter ended September 30, 2025. The company reported a year-on-year revenue increase of 70.1%, which contributed to a second acceleration in performance. R&D expenses during the period reached RMB1,489.0 million, representing a year-on-year increase of 8.4%. The R&D expense ratio was 33.8%, marking a year-on-year decrease of 8.9 percentage points. According to International Data Corporation (IDC), Fourth Paradigm has maintained the top market share position in China's machine learning platform market for seven consecutive years. The company also noted a shift of conventional manual operation and maintenance optimization projects for multiple lighthouse users into subscriptions for AIGS services, which improved automation and development efficiency. The results are based on management accounts and have not been reviewed or audited.