MiniMax Global Enterprise and Developer Customers Exceed One Million, ARR Revenue Doubles in the Past Two Months

On May 28, the generative AI unicorn company MiniMax disclosed its latest business data, announcing that the number of global enterprise and developer customers it serves has officially exceeded one million, with a global user base reaching approximately 300 million. This data not only indicates that its B-end enterprise customer base has seen a fivefold surge compared to half a year ago, but also marks that the company's B-end commercialization engine has fully entered a vertical acceleration phase.

In terms of revenue performance, MiniMax has demonstrated strong self-sustaining capabilities. Within the past two months, the company's annual recurring revenue (ARR) has more than doubled. Combined with the financial information publicly disclosed by MiniMax at its performance meeting in March, the ARR of MiniMax had already exceeded $150 million by February 2026. Along with the surge in revenue comes a comprehensive prosperity of the technical ecosystem, during which the daily token consumption of the MiniMax M2 series model increased by six times within two months, and the growth of new registered users on the open platform also exceeded four times.

Currently, the global large model industry is at a critical juncture of crossing from "technical emergence" to "commercial implementation." The stage-wise surge in MiniMax's core data not only proves the high adaptability and strong technological stickiness of its M2 series model in enterprise-level application scenarios, but also reflects that the global developers' demand for high-cost-performance and high-stability AI infrastructure is experiencing a boom. The rapid success of MiniMax's B-end commercialization path provides an industry model with significant reference value for how the large model industry can move from the technology investment phase to high-quality commercial monetization.