Shanghai-based MiniMax reports 2025 revenue up 159% YoY to $79M, above ~$71.4M est., and a $1.87B net loss, up from a ~$465.2M loss in 2024, after its IPO

MiniMax Group Inc. reported a better-than-expected 159% surge in revenue in 2025, reflecting the torrid growth that's drawn investors to China's leading OpenAI rivals.