MiniMax has launched a newer model, MiniMax-M2.7, we suggest considering this model instead.

For more information, see Comparison of MiniMax-M2.7 to other models and API provider benchmarks for MiniMax-M2.7.

MiniMax-M2.5 logo
MiniMax
•

Open weights model

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Released February 2026

MiniMax-M2.5 Intelligence, Performance & Price Analysis

API Provider Benchmarks

Model summary

IntelligenceUpdated

34
Artificial Analysis Intelligence Index
4 out of 4 units for Intelligence.

Speed

86.5
Output tokens per second
3 out of 4 units for Speed.

Price

Input
$0.30
per 1M tokens
Output
$1.20
per 1M tokens
2 out of 4 units for Price.

Cache Price

Write
$0.375
per 1M tokens
Hit
$0.03
per 1M tokens
2 out of 4 units for Cache Price.

Verbosity

N/A
Output tokens from Intelligence Index
Unknown out of 4 units for Verbosity.

MiniMax-M2.5 is amongst the leading models in intelligence and reasonably priced when comparing to other open weight models of similar size. The model supports text input, outputs text, and has a 205k tokens context window.

MiniMax-M2.5 scores 34 on the Artificial Analysis Intelligence Index, placing it well above average among comparable models (averaging 25).

Pricing for MiniMax-M2.5 is $0.30 per 1M input tokens (moderately priced, average: $0.43) and $1.20 per 1M output tokens (moderately priced, average: $1.25).

At 87 tokens per second, MiniMax-M2.5 is faster than average (68).

ReasoningYes

This page shows the reasoning version of this model.

A non-reasoning variant may also exist.

Input modality

Supports: text

Output modality

Supports: text

Context window205k
~307 A4 pages of size 12 Arial font
Total parameters230B
Active parameters10B
Number of parameters active per token during inference
LicenseMIT
Model weightsHugging Face

Metrics are compared against models of the same class:

  • Non-reasoning models → compared only with other non-reasoning models
  • Reasoning models → compared across both reasoning and non-reasoning
  • Open weights models → compared only with other open weights models of the same size class:
    • Tiny: ≤4B parameters
    • Small: 4B–40B parameters
    • Medium: 40B–150B parameters
    • Large: >150B parameters
  • Proprietary models → compared across proprietary and open weights models of the same price range, using a blended 3:1 input/output price ratio:
    • <$0.15 per 1M tokens
    • $0.15–$1 per 1M tokens
    • >$1 per 1M tokens

Highlights

Updated

Intelligence

Artificial Analysis Intelligence Index · Higher is better

Speed

Output tokens per second · Higher is better

Cost per Task

Weighted average cost (USD) per Intelligence Index task · Lower is better

IntelligenceUpdated

Artificial Analysis Intelligence Index

Artificial Analysis Intelligence Index v4.1 incorporates 9 evaluations: GDPval-AA v2, 𝜏³-Banking, Terminal-Bench v2.1, SciCode, Humanity's Last Exam, GPQA Diamond, CritPt, AA-Omniscience, AA-LCR
Estimate (independent evaluation forthcoming)
Reasoning models are indicated by a lightbulb icon

Artificial Analysis Intelligence Index v4.1 includes: GDPval-AA v2, 𝜏³-Banking, Terminal-Bench v2.1, SciCode, Humanity's Last Exam, GPQA Diamond, CritPt, AA-Omniscience, AA-LCR. See Intelligence Index methodology for further details, including a breakdown of each evaluation and how we run them.

Artificial Analysis Intelligence Index by Open Weights / Proprietary

Artificial Analysis Intelligence Index v4.1 incorporates 9 evaluations: GDPval-AA v2, 𝜏³-Banking, Terminal-Bench v2.1, SciCode, Humanity's Last Exam, GPQA Diamond, CritPt, AA-Omniscience, AA-LCR
Estimate (independent evaluation forthcoming)
Reasoning models are indicated by a lightbulb icon

Artificial Analysis Intelligence Index v4.1 includes: GDPval-AA v2, 𝜏³-Banking, Terminal-Bench v2.1, SciCode, Humanity's Last Exam, GPQA Diamond, CritPt, AA-Omniscience, AA-LCR. See Intelligence Index methodology for further details, including a breakdown of each evaluation and how we run them.

Indicates whether the model weights are available. Models are labelled as 'Commercial Use Restricted' if the weights are available but commercial use is limited (typically requires obtaining a paid license).

Intelligence Breakdown

Intelligence Evaluations

Intelligence evaluations measured independently by Artificial Analysis · Higher is better
GDPval-AA v2

Agentic real-world work tasks, (Elo-500)/2000

𝜏³-Banking

Agentic tool use

Terminal-Bench v2.1

Agentic coding & terminal use

SciCode

Coding

Humanity's Last Exam

Reasoning & knowledge

GPQA Diamond

Scientific reasoning

CritPt

Physics reasoning

AA-Omniscience Accuracy

Knowledge

AA-Omniscience Non-Hallucination Rate

1 - hallucination rate

AA-LCR

Long context reasoning

AA-BriefcaseNew

Agentic knowledge work, Elo

IFBench

Instruction following

APEX-Agents-AA

Long-horizon agentic tasks

ITBench-AA

Kubernetes incident root-cause analysis

AutomationBench-AANew

Agentic SaaS workflows

MMMU-Pro

Visual reasoning

Reasoning models are indicated by a lightbulb icon.

While model intelligence generally translates across use cases, specific evaluations may be more relevant for certain use cases.

Artificial Analysis Intelligence Index v4.1 includes: GDPval-AA v2, 𝜏³-Banking, Terminal-Bench v2.1, SciCode, Humanity's Last Exam, GPQA Diamond, CritPt, AA-Omniscience, AA-LCR. See Intelligence Index methodology for further details, including a breakdown of each evaluation and how we run them.

AA-Omniscience

AA-Omniscience Index

AA-Omniscience Index (higher is better) measures knowledge reliability and hallucination. It rewards correct answers, penalizes hallucinations, and has no penalty for refusing to answer. Scores range from -100 to 100, where 0 means as many correct as incorrect answers, and negative scores mean more incorrect than correct.
Reasoning models are indicated by a lightbulb icon

AA-Omniscience Index (higher is better) measures knowledge reliability and hallucination. It rewards correct answers, penalizes hallucinations, and has no penalty for refusing to answer. Scores range from -100 to 100, where 0 means as many correct as incorrect answers, and negative scores mean more incorrect than correct.

Openness

Artificial Analysis Openness Index: Score

Openness Index assesses model openness on a 0 to 100 normalized scale (higher is more open)
Reasoning models are indicated by a lightbulb icon

Intelligence Index Comparisons

Intelligence vs. Cost per Intelligence Index Task

Artificial Analysis Intelligence Index · Weighted average cost (USD) per Artificial Analysis Intelligence Index task
Most attractive quadrant
Reasoning models are indicated by a lightbulb icon.

Weighted average cost per Intelligence Index task. Each evaluation’s cost is calculated from input, cache hit, cache write, reasoning, and answer token prices, divided by task count, and weighted by its Intelligence Index weight.

Artificial Analysis Intelligence Index v4.1 includes: GDPval-AA v2, 𝜏³-Banking, Terminal-Bench v2.1, SciCode, Humanity's Last Exam, GPQA Diamond, CritPt, AA-Omniscience, AA-LCR. See Intelligence Index methodology for further details, including a breakdown of each evaluation and how we run them.

Price and Cost

Cost per Intelligence Index Task

Weighted average cost (USD) per Artificial Analysis Intelligence Index task, segmented by token type. Lower is better
Reasoning models are indicated by a lightbulb icon

Weighted average cost per Intelligence Index task. Each evaluation’s cost is calculated from input, cache hit, cache write, reasoning, and answer token prices, divided by task count, and weighted by its Intelligence Index weight.

Cost to Run Artificial Analysis Intelligence Index

Cost (USD) to run all evaluations in the Artificial Analysis Intelligence Index
Reasoning models are indicated by a lightbulb icon

The cost to run the evaluations in the Artificial Analysis Intelligence Index, calculated using the model's input, cache hit, cache write, reasoning, and answer token prices and the number of tokens used across evaluations (excluding repeats).

Pricing: Cache Hit, Input, and Output

Price (USD per M Tokens)
Reasoning models are indicated by a lightbulb icon

Price per token for cached prompts (previously processed), typically offering a significant discount compared to regular input price, represented as USD per million tokens. The values shown here are the cache hit price; cache write and cache storage are billed separately and vary by provider — see "Cache pricing by provider" for detail.

Price per token included in the request/message sent to the API, represented as USD per million Tokens.

The blended cache price shown here uses cache hit price only. Other caching costs differ by provider:

  • Anthropic: charges a separate cache write fee, with different rates for 5-minute and 1-hour TTLs (1-hour TTL is more expensive).
  • Google (Vertex/Gemini): charges a per-hour cache storage fee in addition to cache hit pricing. Some providers also use tiered pricing for prompts above 200K tokens.
  • OpenAI, DeepSeek, others: typically charge only cache hit pricing with no write or storage fee.

See Prompt Caching for the full breakdown.

Price per token generated by the model (received from the API), represented as USD per million Tokens.

Figures represent performance of the model's first-party API (e.g. OpenAI for o1) or the median across providers where a first-party API is not available (e.g. Meta's Llama models).

Context Window

Context Window

Context window: tokens limit · Higher is better
Reasoning models are indicated by a lightbulb icon

Larger context windows are relevant to RAG (Retrieval Augmented Generation) LLM workflows which typically involve reasoning and information retrieval of large amounts of data.

Maximum number of combined input & output tokens. Output tokens commonly have a significantly lower limit (varied by model).

Speed

Measured by Output Speed (tokens per second)

Output Speed

Output tokens per second · Higher is better
Reasoning models are indicated by a lightbulb icon

Tokens per second received while the model is generating tokens (ie. after first chunk has been received from the API for models which support streaming).

Figures represent performance of the model's first-party API (e.g. OpenAI for o1) or the median across providers where a first-party API is not available (e.g. Meta's Llama models).

Time per Intelligence Index Task

Weighted average wall clock time (minutes) per task; excludes TTFT and execution time · Lower is better
Reasoning models are indicated by a lightbulb icon

The weighted average time (seconds) per Artificial Analysis Intelligence Index task. This is calculated by dividing output tokens per task by output speed, weighted by the relative weights of each benchmark in the Intelligence Index.

Latency

Measured by Time (seconds) to First Token

Latency: Time To First Answer Token

Seconds to first answer token received · Accounts for reasoning model 'thinking' time
Reasoning models are indicated by a lightbulb icon

Time to first answer token received, in seconds, after API request sent. For reasoning models, this includes the 'thinking' time of the model before providing an answer. For models which do not support streaming, this represents time to receive the completion.

End-to-End Response Time

Seconds to output 500 tokens, calculated based on time to first token, 'thinking' time for reasoning models, and output speed

End-to-End Response Time

Seconds to output 500 tokens, including reasoning model 'thinking' time · Lower is better
Reasoning models are indicated by a lightbulb icon

Seconds to receive a 500 token response. Key components:

  • Input time: Time to receive the first response token
  • Thinking time (only for reasoning models): Time reasoning models spend outputting tokens to reason prior to providing an answer. Amount of tokens based on the average reasoning tokens across a diverse set of 60 prompts (methodology details).
  • Answer time: Time to generate 500 output tokens, based on output speed

Figures represent performance of the model's first-party API (e.g. OpenAI for o1) or the median across providers where a first-party API is not available (e.g. Meta's Llama models).

Model Size (Open Weights Models Only)

Model Size: Total and Active Parameters

Comparison between total model parameters and parameters active during inference
Reasoning models are indicated by a lightbulb icon

The total number of trainable weights and biases in the model, expressed in billions. These parameters are learned during training and determine the model's ability to process and generate responses.

The number of parameters actually executed during each inference forward pass, expressed in billions. For Mixture of Experts (MoE) models, a routing mechanism selects a subset of experts per token, resulting in fewer active than total parameters. Dense models use all parameters, so active equals total.

Frequently Asked Questions

Common questions about MiniMax-M2.5

MiniMax-M2.5 was released on February 12, 2026.

MiniMax-M2.5 was created by MiniMax.

MiniMax-M2.5 scores 34 (estimated) on the Artificial Analysis Intelligence Index, placing it well above average among other open weight models of similar size (median: 25).

MiniMax-M2.5 generates output at 86.5 tokens per second (based on MiniMax's API), which is above average compared to other open weight models of similar size (median: 67.7 t/s).

MiniMax-M2.5 has a time to first token (TTFT) of 1.87s (based on MiniMax's API), which is better than average compared to other open weight models of similar size (median: 2.06s).

MiniMax-M2.5 costs $0.30 per 1M input tokens (very competitive, median: $0.59) and $1.20 per 1M output tokens (better than average, median: $2.20), based on MiniMax's API.

MiniMax-M2.5 costs $0.30 per 1M input tokens and $1.20 per 1M output tokens (based on MiniMax's API). For a blended rate (7:2:1 cache hit/input/output ratio), this is $0.20 per 1M tokens. Pricing may vary by provider. Compare provider pricing

Yes, MiniMax-M2.5 is a reasoning model. It uses extended thinking or chain-of-thought reasoning to work through complex problems before providing an answer.

MiniMax-M2.5 supports text input.

MiniMax-M2.5 supports text output.

No, MiniMax-M2.5 does not support image input. It can only process text.

No, MiniMax-M2.5 is not multimodal. It only supports text input.

MiniMax-M2.5 has a context window of 200k tokens. This determines how much text and conversation history the model can process in a single request.

Yes, MiniMax-M2.5 is open weights. The model weights are publicly available and can be downloaded for self-hosting.

MiniMax-M2.5 has 230 billion parameters (10 billion active).

MiniMax-M2.5 is a Mixture of Experts (MoE) model with 230 billion total parameters, but only 10 billion active parameters are used during inference.

MiniMax-M2.5 is released under the MIT license. This license allows commercial use. View license

MiniMax-M2.5 achieves a score of 34 on the Artificial Analysis Intelligence Index. This composite benchmark evaluates models across reasoning, knowledge, mathematics, and coding.

Yes, MiniMax-M2.5 is available via API through 14 providers. Compare API providers

MiniMax-M2.5 is available through 14 API providers. Compare providers