MiniMax Revenue Surges on Global AI Adoption Despite Heavy Losses

An announcement from MiniMax Group, Inc ( (HK:0100) ) is now available.

MiniMax Group reported a sharp expansion in 2025, with revenue surging 158.9% to US$79 million and gross profit climbing 437.2%, though it remained deeply loss-making, posting an annual loss of about US$1.87 billion and a broadly flat adjusted net loss. The company highlighted rapid global adoption of its AI models and products, noting that over 70% of revenue came from overseas and that it had served more than 236 million users and 214,000 enterprise customers and developers worldwide.

Operationally, MiniMax advanced its full-modality R&D capabilities across language, video, speech and music, and upgraded its AI-native product portfolio to enhance user experience. Successive releases of its M2, M2.1 and M2-her models, followed by the February 2026 launch of M2.5, have significantly improved performance in coding, tool use and workplace applications while lowering operating costs, strengthening the firm’s position in the global AI model ecosystem and driving strong growth in token consumption and developer uptake.

The most recent analyst rating on (HK:0100) stock is a Hold with a HK$1018.00 price target. To see the full list of analyst forecasts on MiniMax Group, Inc stock, see the HK:0100 Stock Forecast page.

More about MiniMax Group, Inc

MiniMax Group Inc., incorporated in the Cayman Islands and listed in Hong Kong, operates in the artificial intelligence sector with a focus on large language models and multimodal AI. The company offers enterprise-facing platforms and consumer AI products, including MiniMax Agent, Hailuo AI, Talkie and Xingye, targeting both domestic and international markets.

Average Trading Volume: 2,582,507

Current Market Cap: HK$239.5B

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