MiniMax's Revenue Doubled Again in Two Months, Global Enterprise Customers Exceed One Million

Chinese AI mega-model firm MiniMax disclosed its latest business figures on May 28th. Over the past two months, the company's annualized recurring revenue (ARR) has seen growth of over 100%, meaning that its ARR doubling cycle has been compressed to 60 days. Combined with previously disclosed figures during the company's performance meeting in March, its ARR in February 2026 had already exceeded 150 million USD.

In terms of user and customer scale, the number of global corporate and developer customers served by MiniMax has already broken through the million mark, growing fivefold compared to half a year ago. In the meantime, the total scale of the company's global user base has reached about 300 million.

Looking at early-stage technical indicators, the company's M2-series models saw an increase of six times in daily token consumption over a span of two months, and new registrations on the open platform also grew by more than four times.