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Open weights model

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Released April 2026

Mistral Medium 3.5 Intelligence, Performance & Price Analysis

Name: Intelligence
Creator: Artificial Analysis
License: https://artificialanalysis.ai/docs/legal/Terms-of-Use.pdf

Try it out API Provider Benchmarks

Performance

Time to first answer token 27.58sOutput speed 137 tok/s

4.8

Time per Intelligence Index task (minutes)

Cost

In $1.50Out $7.50Cache discount 90%

$1.04

Cost per Intelligence Index task

Verbosity

Input tokens 2.93BOutput/input 1.883%

55.2M

Output tokens from Intelligence Index

Mistral Medium 3.5 is below average in intelligence and particularly expensive when comparing to other open weight models of similar size. It's also quicker than average per task and fairly concise. The model supports text and image input, outputs text, and has a 256k tokens context window.

Mistral Medium 3.5 scores 5 on the Artificial Analysis Intelligence Index, placing it below average among comparable models (median: 5). When evaluating the Intelligence Index, it generated 55.2M tokens, which is fairly concise in comparison to the median of 55.2M.

Pricing for Mistral Medium 3.5 is $1.50 per 1M input tokens (expensive, median: $0.30) and $7.50 per 1M output tokens (expensive, median: $0.80). On average, it costs $1.04 per task to evaluate Mistral Medium 3.5 on the Intelligence Index.

At 4.8 minutes per Intelligence Index task, Mistral Medium 3.5 is quicker than average compared with the median of 4.8 minutes for comparable models (lower is better).

Reasoning	Yes This page shows the reasoning version of this model. A non-reasoning variant may also exist.
Input modality	Supports: text and image
Output modality	Supports: text
Context window	256k ~384 A4 pages of size 12 Arial font
Total parameters	128B
License	Modified MIT License
Model weights	Hugging 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

Updated

Intelligence

Artificial Analysis Intelligence Index · Higher is better

No publicly available API

Time per Task

Inference time (minutes) per Intelligence Index task · Lower is better

No publicly available API

Cost per Task

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

No publicly available API

IntelligenceUpdated

Artificial Analysis Intelligence Index

Artificial Analysis Intelligence Index v5.0.1 incorporates 9 evaluations: AA-Briefcase v1.1, AutomationBench-AA, Terminal-Bench 4.0, FrontierCode 2.0, AA-Omniscience v1.1, GDP.pdf, HLE-Diamond, CritPt v2 (Hard Subset), and Terminal-Bench-Science 0.1

No publicly available API

Artificial Analysis Intelligence Index v5.0.1 includes: AA-Briefcase v1.1, AutomationBench-AA, Terminal-Bench 4.0, FrontierCode 2.0, AA-Omniscience v1.1, GDP.pdf, HLE-Diamond, CritPt v2 (Hard Subset), Terminal-Bench-Science 0.1. 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

No publicly available API

Indicates whether the model weights are available. Models are labelled as 'Commercial Use Restricted' if commercial use is limited by conditions, and as 'Non-commercial' if the license prohibits commercial use.

Intelligence Index vs. Cost per Task

Artificial Analysis Intelligence Index · Weighted average cost (USD) per Artificial Analysis Intelligence Index task

Most attractive quadrant

Pareto line

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.

Capability Indexes

Measures the performance of models on specific capabilities and industries

Artificial Analysis Finance & Accounting Index

Incorporates 5 evaluations: AA-Briefcase v1.1, AA-Omniscience v1.1, HLE-Diamond, AutomationBench-AA, GDP.pdf · Higher is better

No publicly available API

Benchmarks

Evaluations

Evaluations measured independently by Artificial Analysis · AA-PersonalityBench scores are percentile ranks from 1 to 100

No publicly available API

AA-Briefcase v1.1

Agentic knowledge work, Elo

AA-Omniscience v1.1 AccuracyUpdated

Knowledge

AA-Omniscience v1.1 Non-Hallucination RateUpdated

1 - hallucination rate

AutomationBench-AA

Agentic SaaS workflows

Terminal-Bench-Science 0.1New

Agentic scientific research workflows in a terminal

FrontierCode 2.0New

Agentic software engineering in open-source repositories

HLE-DiamondNew

Reasoning & knowledge

GDP.pdf

Professional document reasoning, All-pass

Terminal-Bench 4.0

Agentic coding & terminal use

CritPt v2 (Hard Subset)

Physics reasoning

AA-AnalystAgent

Quantitative analysis on spreadsheets & documents

Harvey LAB-AA v1.1Updated

Legal agentic work, Hallucination-Gated All-Pass Rate

EnterpriseOps-Gym-AA

Agentic business operations

GDPval-AA v2.1

Agentic real-world work tasks, Elo

AA-3DNew

Agentic interactive 3D experiences, Elo

Code2Video-AANew

Product and brand videos designed in code, Elo

ITBench-AA

Kubernetes incident root-cause analysis

MLCR-AAUpdated

Medical long context reasoning

MMMU-Pro

Visual reasoning

AA-PersonalityBench: Expressiveness ScoreNew

Rich, varied, well-crafted language

AA-PersonalityBench: Organization ScoreNew

Well-structured, scannable, answer-first

AA-PersonalityBench: Transparency ScoreNew

Truthful, acknowledges uncertainty, non-sycophantic

AA-PersonalityBench: Slop ScoreNew

Use of filler and generic language

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

AA-Briefcase v1.1

AA-Briefcase Elo

AA-Briefcase v1.1 is an agentic knowledge work benchmark developed by Artificial Analysis. AA-Briefcase Elo is a combined metric that aggregates rubric pass rate, analytical quality Elo and presentation Elo · Higher is better

No publicly available API

AA-Briefcase Elo is a combined metric that aggregates analytical quality Elo, presentation Elo, and rubric pass rate, with rubric performance converted into Elo via synthetic head-to-head matches. Elo and 95% confidence interval bounds are clamped at 0.

AA-Omniscience v1.1

AA-Omniscience Net Score

AA-Omniscience v1.1 Net Score (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.

No publicly available API

Openness Index

Artificial Analysis Openness Index: Score

Openness Index assesses model openness on a 0 to 100 normalized scale (higher is more open)

Token Use

Output Tokens per Intelligence Index Task

Weighted average number of output tokens used to run one task in the Artificial Analysis Intelligence Index

No publicly available API

The number of tokens required per Intelligence Index task. This is calculated by multiplying the output tokens per eval by the relative weights of each benchmark in the Intelligence Index, then dividing by task count (excluding repeats).

Cost

Cost per Intelligence Index Task

Weighted average cost (USD) per Intelligence Index task · Segmented by token type · Lower is better

No publicly available API

Cost to Run Artificial Analysis Intelligence Index

Cost (USD) to run all evaluations in the Artificial Analysis Intelligence Index

No publicly available API

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)

No publicly available API

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.

Context Window

Context window: tokens limit · Higher is better

No publicly available API

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).

Performance

Measured by time per task (minutes), output speed (tokens per second), time to first answer token and time to first token (seconds)

Time per Intelligence Index Task

Output tokens divided by end-to-end output speed (minutes per Intelligence Index task) · Speed at the model's own endpoint or the median across providers · Lower is better

No publicly available API

The weighted average time (minutes) per Artificial Analysis Intelligence Index task: output tokens per task divided by output speed, weighted by each benchmark's weight in the Intelligence Index.

Speed and latency metrics average each endpoint's runs over the past 5 days, and the error rate pools them. We run the benchmark every 6 hours, and endpoints of deprecated models every 18 hours.

Output Speed

Output tokens divided by total request time, including time to first token · Higher is better

No publicly available API

Output tokens, including reasoning tokens, received per second over a request's full duration, from sending the request to receiving the final token. The headline value averages each Performance v3 workload over the past 5 days, then averages the workloads.

Time to First Answer Token

Seconds to first answer token received · Accounts for reasoning model 'thinking' time

No publicly available API

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.

Model Size (Open Weights Models Only)

Model Size: Total and Active Parameters

Comparison between total model parameters and parameters active during inference (billions)

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 Mistral Medium 3.5

Mistral Medium 3.5 was released on April 29, 2026.

Mistral Medium 3.5 was created by Mistral.

Mistral Medium 3.5 scores 5 on the Artificial Analysis Intelligence Index, placing it above average among other open weight models of similar size (median: 5).

Mistral Medium 3.5 takes 4.8 minutes per Intelligence Index task (based on Mistral's API), which is quicker than average compared to other open weight models of similar size (median: 4.8 minutes; lower is better).

Mistral Medium 3.5 has a time to first answer token of 27.58s (based on Mistral's API), which is at the higher end compared to other open weight models of similar size (median: 7.97s).

Mistral Medium 3.5 costs $1.50 per 1M input tokens (at the higher end, median: $0.30) and $7.50 per 1M output tokens (at the higher end, median: $0.80), based on Mistral's API.

Mistral Medium 3.5 costs $1.50 per 1M input tokens and $7.50 per 1M output tokens (based on Mistral's API). For a blended rate (7:2:1 cache hit/input/output ratio), this is $1.16 per 1M tokens. Pricing may vary by provider. Compare provider pricing

When evaluated on the Intelligence Index, Mistral Medium 3.5 generated 55.2M output tokens, which is better than average compared to other open weight models of similar size (median: 55.2M).

Yes, Mistral Medium 3.5 is a reasoning model. It uses extended thinking or chain-of-thought reasoning to work through complex problems before providing an answer.

Mistral Medium 3.5 supports text and image input.

Mistral Medium 3.5 supports text output.

Yes, Mistral Medium 3.5 supports image input and can analyze, describe, and answer questions about images.

Yes, Mistral Medium 3.5 is multimodal. It can process text and image input and generate text output.

Mistral Medium 3.5 has a context window of 256k tokens. This determines how much text and conversation history the model can process in a single request.

Yes, Mistral Medium 3.5 is open weights. The model weights are publicly available and can be downloaded for self-hosting.

Mistral Medium 3.5 has 128 billion parameters.

Mistral Medium 3.5 is released under the Modified MIT License license. Commercial use is allowed with restrictions. View license

Mistral Medium 3.5 achieves a score of 5 on the Artificial Analysis Intelligence Index. This composite benchmark evaluates models across knowledge work, coding, science, and general knowledge.

Yes, Mistral Medium 3.5 is available via API through 2 providers. Compare API providers

Mistral Medium 3.5 is available through 2 API providers. Compare providers

Mistral Medium 3.5 Intelligence, Performance & Price Analysis

Model summary

IntelligenceUpdated

Comparison Summary

Technical specifications

67 models in this class

IntelligenceUpdated

Artificial Analysis Intelligence Index

Artificial Analysis Intelligence Index by Open Weights / Proprietary

Artificial Analysis Intelligence Index

Open Weights

Intelligence Index vs. Cost per Task

Cost per Intelligence Index Task

Artificial Analysis Intelligence Index

Evaluations

Intelligence Evaluation Relevance

Artificial Analysis Intelligence Index

AA-Briefcase v1.1

AA-Briefcase Elo

AA-Briefcase Elo

AA-Omniscience v1.1

AA-Omniscience Net Score

AA-Omniscience Net Score

Openness Index

Artificial Analysis Openness Index: Score

Token Use

Output Tokens per Intelligence Index Task

Output Tokens per Intelligence Index Task

Cost

Cost per Intelligence Index Task

Cost per Intelligence Index Task

Cost to Run Artificial Analysis Intelligence Index

Cost to Run Artificial Analysis Intelligence Index

Pricing: Cache Hit, Input, and Output

Cache Hit

Context Window

Context Window

Context Window for RAG

Context Window

Performance

Time per Intelligence Index Task

Time per Intelligence Index Task

Time Period

Output Speed

End-to-End Output Speed

Time to First Answer Token

Time to First Answer Token

Model Size (Open Weights Models Only)

Model Size: Total and Active Parameters

Total Parameters

Active Parameters at Inference Time

Frequently Asked Questions

When was Mistral Medium 3.5 released?

Who created Mistral Medium 3.5?

How intelligent is Mistral Medium 3.5?

How fast is Mistral Medium 3.5?

What is the latency of Mistral Medium 3.5?

How much does Mistral Medium 3.5 cost?

What is Mistral Medium 3.5 API pricing?

How verbose is Mistral Medium 3.5?

Is Mistral Medium 3.5 a reasoning model?

What input modalities does Mistral Medium 3.5 support?

What output modalities does Mistral Medium 3.5 support?

Can Mistral Medium 3.5 process images?

Is Mistral Medium 3.5 multimodal?

What is the context window of Mistral Medium 3.5?

Is Mistral Medium 3.5 open source?

How many parameters does Mistral Medium 3.5 have?

What is the license for Mistral Medium 3.5?

How does Mistral Medium 3.5 perform on benchmarks?

Is Mistral Medium 3.5 available via API?

Where can I use Mistral Medium 3.5?