$MINIMAX reported $116.6M in H1 2026 revenue, representing a 283.1% increase year over year.
The biggest change is coming from its Enterprise and Open Platform business, which generated $73.9M after growing 703.1%. That segment now accounts for 63.4% of total revenue.
There are some positive signs in profitability too. Gross profit increased 464.8% to $20.8M, while gross margin improved from 12.1% to 17.9%.
But the company is still spending aggressively.
Adjusted net loss reached $293M, while R&D expenses climbed to $296.9M.
So the report presents an interesting picture: very strong top-line growth alongside very heavy investment in AI development.
The numbers are impressive, but the market reaction may ultimately depend on whether investors see that spending as an investment in future growth or a growing cost burden.
For traders following that reaction, MINIMAX-USDT perpetual is available on BingX.
The biggest change is coming from its Enterprise and Open Platform business, which generated $73.9M after growing 703.1%. That segment now accounts for 63.4% of total revenue.
There are some positive signs in profitability too. Gross profit increased 464.8% to $20.8M, while gross margin improved from 12.1% to 17.9%.
But the company is still spending aggressively.
Adjusted net loss reached $293M, while R&D expenses climbed to $296.9M.
So the report presents an interesting picture: very strong top-line growth alongside very heavy investment in AI development.
The numbers are impressive, but the market reaction may ultimately depend on whether investors see that spending as an investment in future growth or a growing cost burden.
For traders following that reaction, MINIMAX-USDT perpetual is available on BingX.
