News
AI · IPO · Net Loss · Revenue Growth
Chinese AI firm MiniMax has reported its first post-IPO financial results, showing a significant surge in revenue for 2025, which increased by 158.9% to $79.0 million.
This growth was driven by strong adoption of its AI-native products and enterprise services. Despite the impressive top-line performance, the company's net loss widened to $1.87 billion, primarily due to fair value losses on financial liabilities.
On an adjusted basis, the net loss also increased. MiniMax, which went public in Hong Kong in January, plans to continue substantial investments in research and development for its AI models.
The company's stock saw a notable jump following the announcement.
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