MiniMax · Released Feb 12, 2026

MiniMax M2.5

MiniMax-M2.5 is a SOTA large language model designed for real-world productivity. Trained in a diverse range of complex real-world digital working environments, M2.5 builds upon the coding expertise of M2.1...

ReasoningOpen weights
Released
Feb 12 2026
Context window
205K 33K out
Input / 1M tokens
$0.27
Output / 1M tokens
$0.95

Where to run it

8 providers compared

Cheapest: Venice at $0.27 / $0.95 per 1M input / output tokens — 58% less than the priciest option.

ProviderInputOutputCache readContextMax outputUptimevs. best
Venice $0.27 $0.95 $0.03198K33K94.8%24h Cheapest
StreamLake $0.27 $1.08 $0.027200K128K99.8%24h +7%
AtlasCloudFP8 $0.29 $1.20 $0.06197K177K99.2%24h +18%
DigitalOcean $0.30 $1.20 $0.0666K59K100%24h +19%
Friendli $0.30 $1.20 $0.06197K177K100%24h +19%
NovitaFP8 $0.30 $1.20 $0.03205K131K100%24h +19%
MinimaxFP8 $0.30 $1.20 $0.03205K131K100%24h +19%
GMICloudFP8 $0.30 $1.20 $0.03197K177K96%24h +19%
Minimaxhighspeed · FP8 $0.60 $2.40 $0.06205K131K93.6%24h +139%

Value

Price vs. performance

1 model scores higher for the same price or lesson Terminal-Bench, e.g. GPT-5.1-Codex-Mini.
3.4%30.5%57.6%84.7% $0.01$0.10$1.00$10.00$100.00 Qwen3.6 35B A3B (Qwen) — 24.6% · $0.10/1M in GPT-5.5 (OpenAI) — 84.7% · $5.00/1M in Claude Opus 4.7 (Anthropic) — 80.2% · $5.00/1M in Grok 4.20 (xAI) — 57.3% · $1.25/1M in Qwen3.5-9B (Qwen) — 9.2% · $0.10/1M in GPT-5.4 (OpenAI) — 81.8% · $2.50/1M in GPT-5.3-Codex (OpenAI) — 78.4% · $1.75/1M in Gemini 3.1 Pro Preview (Google) — 80.2% · $2.00/1M in Claude Sonnet 4.6 (Anthropic) — 53.4% · $3.00/1M in GLM 5 (Z.ai) — 52.4% · $0.60/1M in Claude Opus 4.6 (Anthropic) — 79.8% · $5.00/1M in Kimi K2.5 (Moonshot AI) — 43.2% · $0.50/1M in GPT-5.2-Codex (OpenAI) — 66.5% · $1.75/1M in GLM 4.7 (Z.ai) — 33.4% · $0.54/1M in Gemini 3 Flash Preview (Google) — 64.3% · $0.50/1M in GPT-5.2 (OpenAI) — 64.9% · $1.75/1M in GPT-5.1-Codex-Max (OpenAI) — 60.5% · $1.25/1M in DeepSeek V3.2 (DeepSeek) — 39.6% · $0.28/1M in Claude Opus 4.5 (Anthropic) — 63.1% · $5.00/1M in GPT-5.1 (OpenAI) — 47.6% · $1.25/1M in GPT-5.1-Codex (OpenAI) — 57.8% · $1.25/1M in GPT-5.1-Codex-Mini (OpenAI) — 61.6% · $0.25/1M in Kimi K2 Thinking (Moonshot AI) — 35.7% · $0.60/1M in Claude Haiku 4.5 (Anthropic) — 35.5% · $1.00/1M in GLM 4.6 (Z.ai) — 24.5% · $0.55/1M in Claude Sonnet 4.5 (Anthropic) — 46.5% · $3.00/1M in DeepSeek V3.2 Exp (DeepSeek) — 39.6% · $0.27/1M in GPT-5 (OpenAI) — 49.6% · $1.25/1M in GPT-5 Mini (OpenAI) — 34.8% · $0.25/1M in GPT-5 Nano (OpenAI) — 21.8% · $0.05/1M in gpt-oss-120b (OpenAI) — 18.7% · $0.15/1M in gpt-oss-20b (OpenAI) — 3.4% · $0.018/1M in Claude Opus 4.1 (Anthropic) — 38.0% · $15.00/1M in Gemini 2.5 Flash (Google) — 17.1% · $0.30/1M in Gemini 2.5 Pro (Google) — 32.6% · $1.25/1M in Gemini 2.5 Pro Preview 06-05 (Google) — 32.6% · $1.25/1M in MiniMax M2.7 (MiniMax) — 45.1% · $0.30/1M in MiniMax M2.1 (MiniMax) — 36.6% · $0.30/1M in MiniMax M2 (MiniMax) — 30.0% · $0.26/1M in MiniMax M2.5 (MiniMax) — 42.7% · $0.27/1M in MiniMax M2.5

MiniMax M2.5 Other MiniMax Other labs Value frontier · Terminal-Bench vs. input price per 1M tokens (log scale) · Drag to pan, pinch or Ctrl + scroll to zoom, double-click to zoom in.

Benchmarks

6 benchmark scores

BenchmarkScoreRankLeader
Terminal-BenchSoftware engineering · Tasks completed with the programs in a real terminal (best agent) 42.7% #22of 40 GPT-5.584.7%
Vending-Bench 2Agents & computer use · Run a simulated vending business for a year (final balance) $-23 #60of 61 GPT-6 Astra$15,515
WebDev ArenaDesign & visual · People vote on which model builds the better website (Elo) 1384 #68of 88 Claude Opus 5.51820
ARC-AGI-2Reasoning & knowledge · Few-shot abstract reasoning on grid puzzles 4.9% #53of 63 GPT-6 Astra95.0%
ARC-AGI-1Reasoning & knowledge · Pattern induction from input–output examples 63.7% #49of 63 Gemini 4 Argon98.5%
ProofBenchMaths · Graduate maths proofs verified in Lean 4 4.0% #69of 70 Claude Sonnet 5.5100.0%

Specs

Details

Model ID
minimax/minimax-m2.5
Developer
MiniMax
Release date
Feb 12, 2026 ·
Context window
204,800 tokens
Max output
32,768 tokens
API price
$0.27 / $0.95 per 1M input / output tokens
Providers
8
Input types
text
Reasoning
Yes
Tool calling
Yes
Open weights
Yes
Free tier
No

Release date, prices and providers from OpenRouter's catalog; buying directly from a provider can cost a little differently. Uptime is the share of OpenRouter requests each provider served over the last day. Benchmark scores are the best result per benchmark from Epoch AI, licensed CC BY 4.0. Rank counts every model tracked here with a score.