MiniMax Revenue Surges 283%, Loss Narrows H1 2026

MiniMax posted a 283% jump in revenue to $116.6 million for the first half of 2026, driven by a surge in demand for its Open Platform and other enterprise services, which rose about 703% to $73.9 million. The company’s AI-native products also more than doubled, while international markets accounted for roughly 60% of total revenue as it pursues a global-first strategy across over 230 countries. Despite the top-line momentum, MiniMax remains loss-making, with net losses narrowing to about $358 million, even as adjusted losses rose. Gross profit grew sharply, indicating improving unit economics, and the firm reported expanding paying users and enterprise customers in its Open Platform segment. The results highlight MiniMax’s ongoing push to narrow the capability gap with leading AI players by monetizing model inference and production workloads at scale. The company has emphasized its aim to deliver capable intelligence with affordable unit economics as it expands its global footprint and product offerings.