MiniMax Revenue Surges 283% to $116.6M, But Losses Double
rohanpaul_ai · x · 2026-08-27
Chinese AI firm MiniMax reported a 283% surge in first-half revenue to $116.6 million, driven by a 700% jump in its enterprise business. Despite gross margins improving to 17.9%, the adjusted net loss more than doubled to $293 million, with R&D spending reaching $296.9 million. The report notes MiniMax lags behind OpenAI's gross margin of about 39%.
Related event: MiniMax H1 Revenue Up 283%, ARR Tops $800M as Enterprise Business Surges(8 posts)→
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