On the evening of March 2, Yan Junjie, the founder and CEO of MiniMax, disclosed during a conference call that, as of February 2026, the company's Annual Recurring Revenue (ARR) had skyrocketed to over $150 million. Regarding open platform products tailored for enterprise clients and individual developers, the number of newly registered users in February 2026 saw a remarkable surge, more than quadrupling that of December 2025. The performance report indicated that MiniMax's total revenue for 2025 hit $79.038 million, marking a significant year-on-year increase of 158.9%. Specifically, revenue from AI-native products reached $53.075 million, reflecting a robust year-on-year growth of 143.4%.
