Everything about MiniMax-M2.5

MiniMax-M2.5 at a glance

MiniMax-M2.5 is a language model from MiniMax, released on February 12, 2026. That makes it 8 months old as of October 22, 2026. Its weights are published: you can download it and run it on your own servers, or use one of the 40 API providers that list it on models.dev. It has a reasoning mode: it can "think" before answering, which helps with multi-step problems but uses more tokens, and therefore more money.

We file it under open-weight models (68 models in this category on the site).

Measured performance

Epoch AI publishes a single result for MiniMax-M2.5 on our basket's benchmarks: too few to compute a reliable capability index.

• Terminal-Bench (agent tasks in a terminal): 42.7% — the best tracked model, GPT-5.5, reaches 84.7%

What it can do

Its context window reaches 196,608 tokens, roughly 295 pages of text at 500 words per page: enough for a medium-length document. A single answer can run to 32,768 tokens.

It accepts as input: text.

It can call tools (functions, APIs), which makes it a possible foundation for an AI agent.

The weights are published on Hugging Face (MiniMaxAI/MiniMax-M2.5): 228.7 billion parameters, other license and 859,423 downloads over the last 30 days. See also our list of open-source models.

How much does MiniMax-M2.5 cost?

MiniMax-M2.5 costs $0.30 per million input tokens and $1.2 per million output tokens (median of 40 providers, checked on October 22, 2026).

To put it in perspective: reading 20,000 tokens (about thirty pages) and writing 2,000 costs roughly $0.008; a thousand of those tasks, $8.4.

That is 1.2 times the median output price of open-weight models ($1).

To estimate your own budget, use the agent cost calculator.

Who is it for?

Given its category, MiniMax-M2.5 is mainly aimed at projects where you want control over your data or hosting, or want to adapt the model to your field.

Before adopting it, test it on your own examples: benchmarks measure standard tasks, not your job.

Alternatives

In the same category, the models closest to MiniMax-M2.5 are:

• MiniMax-M3 (MiniMax, index 55.5)
• Muse Glimmer 30B (Meta, $1.2 per million output tokens)
• MiniMax-M2.7 (MiniMax, $1.2 per million output tokens)
• Step 3.7 Flash (StepFun, $1.21 per million output tokens)