Overview
- MiniMax reported $116.6 million in first‑half 2026 revenue, a 283.1% increase from a year earlier driven by higher paying users and platform demand.
- Revenue from the Open Platform and enterprise services rose 703.1% to $73.9 million and now makes up 63.4% of the company’s total sales.
- The company’s gross profit climbed to $20.8 million, an increase of 464.8%, while its half‑year net loss narrowed to $358 million from $402 million a year earlier.
- MiniMax says about 60.8% of revenue now comes from international markets, it serves more than 300 million users and 1 million enterprises and developers, and it has tapped Hong Kong IPO proceeds plus a HK$16.04 billion follow‑on raise to fund global expansion.
- By marketing lower‑cost, open‑source models to businesses, MiniMax aims to make large‑scale AI deployment cheaper for companies and could increase adoption among smaller firms that previously could not afford proprietary systems.