MiniMax Reports $117M Revenue and $358M Net Loss for H1 FY2026

Chinese generative AI unicorn MiniMax released its financial report for the first half of fiscal year 2026, showing a 283.1% year-on-year revenue increase to $117 million. Meanwhile, the company's net loss narrowed slightly by 11% to $358 million. The financial results highlight the current economic reality of the generative AI industry, where massive revenue growth and global expansion coexist with high operational costs and significant net losses. It provides a rare look into the financial health of one of China's leading AI startups following its public listing. MiniMax's gross profit reached $20.81 million with a gross margin of 17.9%, while revenue from outside mainland China accounted for 60.8% of the total. The open platform and enterprise AI services grew by 703.1% year-on-year, becoming the primary revenue driver at 63.4% of total sales.