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Fortune has exclusively learned Pigment is approaching $100 million in ARR, having doubled ARR for a third consecutive year. The company has grown its customer base 74%, with leaders like Uber, Unilever, Anthropic, Siemens and more using Pigment, and 57% of new revenue coming from enterprise customers. More than half of Pigment’s new customers in 2025 migrated from SaaS giants, Crespo says, a 115% year-over-year increase in replacement.
Deep market insight and R&D investment delivered rich returns. Prospectus data show that from 2023 to 2024, xTool’s revenue increased from RMB 1.46 billion to RMB 2.48 billion, up 70% year over year. But in the first three quarters of 2025, growth slowed to 18.57%. Gross margin held at around 55%, yet net margin was below 2%.The combination of high gross margins and thin profits means growth has been built on heavy spending.
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По его словам, страны Персидского залива почти полностью исчерпали свои системы воздушного развертывания.