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MiniMax GroupMNMXF -52.50%10 Net-Net Working Capital is $-9.06 as of Dec. 2025. GuruFocus rates MNMXF with a GF Score™ of 10/100. The stock has 2 warning signs investors should review. Among 1,211 Software companies, MiniMax Group ranks worse than 82576.3% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
MiniMax Group's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $-9.06.
The industry rank for MiniMax Group's Net-Net Working Capital or its related term are showing as below:
MNMXF's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.19 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
MiniMax Group (OTCPK:MNMXF) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
MiniMax Group Net-Net Working Capital Related Terms
MiniMax Group Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for MiniMax Group's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MiniMax Group Net-Net Working Capital Chart
MiniMax Group Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net-Net Working Capital
-0.26
-1.15
-3.10
-9.06
MiniMax Group Quarterly Data
Dec22
Dec23
Dec24
Sep25
Dec25
Net-Net Working Capital
-0.26
-1.15
-3.10
-4.66
-9.06
MNMXF vs : Net-Net Working Capital Comparison
For the Software - Infrastructure subindustry, MiniMax Group's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MiniMax Group Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, MiniMax Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where MiniMax Group's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of $-9.06 mean?
MiniMax Group (MNMXF) has a Net-Net Working Capital of $-9.06 as of Dec. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on MiniMax Group According to the industry distribution chart, MiniMax Group ranks #999999 out of 1211 companies in the Software industry.
Is MiniMax Group's Net-Net Working Capital too high?
MiniMax Group's current Net-Net Working Capital is $-9.06. Based on the distribution chart, MiniMax Group ranks #999999 out of 1211 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, MiniMax Group has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does MiniMax Group's Net-Net Working Capital compare to ?
According to the Software industry distribution chart, MiniMax Group ranks #999999 out of 1211 companies for Net-Net Working Capital. This places MiniMax Group in the lower half of its industry. The industry median Net-Net Working Capital is 7.19. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Software company?
The median Net-Net Working Capital among Software companies is 7.19, based on 1,211 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on MiniMax Group For the Software industry, the median Net-Net Working Capital is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MiniMax Group's current Net-Net Working Capital is $-9.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MiniMax Group stock overvalued right now?
MiniMax Group (MNMXF) has a current Net-Net Working Capital of $-9.06. The current Net-Net Working Capital is $-9.06. MiniMax Group's overall GF Score™ is 10/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For MiniMax Group (MNMXF), the current Net-Net Working Capital is $-9.06 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
MiniMax Group Inc is a AI foundation model company. It is committed to driving AI innovation towards performing the full range of human intellectual tasks, from learning and reasoning to planning and generalizing knowledge across diverse domains. Its proprietary foundation model suite, led by MiniMax-M2, Hailuo-02, and Speech-02, has long context processing capacity and can understand, generate, and integrate a wide range of modalities, including text, video, and audio. These models power its AI-native products - including MiniMax, Hailuo AI, MiniMax Audio, Talkie/Xingye, and its enterprise and developer-facing Open Platform, delivering intelligent and dynamic experiences to users globally.
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