[MiniMax Annualized Revenue Doubles, Enterprise and Developer Clients Exceed One Million] On May 28, MiniMax disclosed its latest business data: as of now, the company serves over one million enterprise and developer clients globally, a fivefold increase compared to six months ago, with a global user base of approximately 300 million. Over the past two months, the company's annualized recurring revenue (ARR) has achieved over 100% growth. According to information disclosed at the March earnings conference, the company's ARR as of February 2026 had already exceeded $150 million; during the same period, the daily token consumption of the M2 series models increased sixfold within two months, and new user registrations on the open platform grew by more than fourfold. This data disclosure indicates that MiniMax's ARR doubling cycle has been compressed to 60 days. (Yicai Global)