MiniMax reports 283% revenue surge driven by enterprise AI

MiniMax Group Inc. reported a significant surge in its 2026 interim financial results, with total revenue increasing 283.1% year-on-year to approximately $116.6 million. This growth marks a major shift in the company's business model, as revenue from its open platform and AI enterprise services skyrocketed by 703.1% to $73.9 million, now accounting for 63.4% of total income. This is a substantial increase from the 30.3% share recorded during the same period in 2025.

AI-native product revenue also saw growth, rising 100.9% to $42.6 million. The company's gross profit increased by 464.8% to $20.8 million, with gross margins improving to 17.9% from 12.1% the previous year. Despite the rapid top-line expansion, the company reported an adjusted net loss of $293 million, compared to an adjusted loss of $138.7 million in the prior year.

CEO Yan Junjie noted that the company's token consumption reached 20 times the levels seen in January. The company's annual recurring revenue (ARR) has reportedly surpassed $800 million, with approximately 80% of that coming from business-to-business operations. International revenue remains a key driver, contributing over 60% of the total.