MiniMax's revenue in the first half of the year increased by 283% year-on-year to 117 million USD

MiniMax Group Inc. (Stock Code: 0100) announced its unaudited interim results for the six months ended June 30, 2026. During the reporting period, the group's total revenue was $116.6 million, an increase of 283.1% year-on-year; gross profit was $20.813 million, an increase of 464.8% year-on-year; the loss for the period was $358 million, a narrowing of 11.0% year-on-year; and the adjusted net loss was $293 million, an increase of 111.2% year-on-year.

In terms of revenue structure, revenue from open platforms and other AI-based enterprise services was $73.929 million, an increase of 703.1% year-on-year, accounting for 63.4% of total revenue; revenue from AI-native products was $42.644 million, an increase of 100.9% year-on-year. By region, revenue from mainland China accounted for 39.2%, while other regions accounted for 60.8%. Research and development expenses were $296.9 million, an increase of 138.8% year-on-year. Products and services have covered over 230 countries and regions.

In terms of business progress, 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. The company stated that it will continue to expand model performance and cost boundaries and strengthen the construction of open platforms.