MiniMax Reports 283% Revenue Increase to $117 Million in First Half

MiniMax Group Inc. (stock code: 0100) announced its unaudited interim results for the six months ended June 30, 2026, reporting total revenue of $116.6 million, a year-on-year increase of 283.1%; gross profit of $20.813 million, a year-on-year increase of 464.8%; a loss of $358 million for the period, narrowing by 11.0% year-on-year; and an adjusted net loss of $293 million, widening by 111.2% year-on-year. In terms of revenue structure, revenue from open platforms and other AI-based enterprise services was $73.929 million, a year-on-year increase of 703.1%, accounting for 63.4% of total revenue; revenue from AI-native products was $42.644 million, a year-on-year increase of 100.9%. By region, revenue from mainland China accounted for 39.2%, while other regions accounted for 60.8%. R&D expenses were $296.9 million, a year-on-year increase of 138.8%. The products and services have covered over 230 countries and regions. During the reporting period, the company launched MiniMax M3 and upgraded its core model products, followed by the release of MiniMax H3 with open-source weights, indicating its commitment to continue expanding model performance and cost boundaries while strengthening the open platform construction.