Hong Kong-listed MiniMax Group Inc. (stock code: 0100) has released its unaudited interim results for the six months ended June 30, 2026, showing sharp revenue growth alongside continued losses and heavy research spending. Total revenue reached $116.6 million, up 283.1% year over year, while gross profit rose 464.8% to $20.813 million. Loss for the period came in at $358 million, narrowing 11.0% from a year earlier, but adjusted net loss widened 111.2% to $293 million. By segment, revenue from the open platform and other AI-based enterprise services climbed 703.1% to $73.929 million, accounting for 63.4% of total revenue, while AI-native product revenue increased 100.9% to $42.644 million. Mainland China contributed 39.2% of revenue, with other regions making up 60.8%. Research and development expenses rose 138.8% to $296.9 million. The company said its products and services now cover more than 230 countries and regions, and noted that it launched MiniMax M3, upgraded its core model products, and later released MiniMax H3 with open weights during the reporting period.
Hong Kong-listed MiniMax Group Inc. (stock code: 0100) reported unaudited interim results for the six months ended June 30, 2026, according to ChainCatcher.
During the reporting period, total revenue reached $116.6 million, up 283.1% year over year. Gross profit rose 464.8% to $20.813 million. Loss for the period was $358 million, narrowing 11.0% from a year earlier, while adjusted net loss widened 111.2% to $293 million.
Revenue mix
Revenue from the open platform and other AI-based enterprise services totaled $73.929 million, up 703.1% year over year and accounting for 63.4% of total revenue. Revenue from AI-native products came in at $42.644 million, up 100.9%.
Regional split and R&D spending
Mainland China accounted for 39.2% of revenue, while other regions contributed 60.8%. Research and development expenses were $296.9 million, up 138.8% year over year.
The company said its products and services have reached more than 230 countries and regions.
Business updates
During the period, MiniMax Group launched MiniMax M3 and upgraded its core model products. It later released MiniMax H3 with open weights.
The company said it will continue to expand the boundaries of model performance and cost, while strengthening its open platform.
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