MiniMax's First Financial Report After Listing Exceeds Expectations: Latest ARR Surpasses $150 Million
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Author:小编   

On March 2, MiniMax released its first performance announcement after going public. Since its listing, its stock price has surged by over 356%. In 2025, the company's total revenue reached $79.038 million, a year-on-year increase of 158.9%, with over 70% of the revenue derived from international markets, forming a revenue structure driven by both B and C ends, and significantly optimizing both profitability and cost structure. At the business level, revenue from AI-native products and open platforms grew rapidly, serving a large number of users and enterprise clients. Technologically, the new-generation foundational model M2.5 released early in the year drove an increase in model usage. By February 2026, ARR had surpassed $150 million.