prices synced 2026-09-11
M

MiniMax M2.5

MiniMax · Released Feb 2026

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MiniMax M2.5 is a large language model with a 204K token context window, positioned as a general-purpose productivity model within MiniMax's lineup.

Strengths
Handles extended context windows efficiently, making it suitable for processing long documents and maintaining conversation history across substantial interactions.
Best for
General text generation, summarization, and document analysis tasks where a large context window is beneficial but multimodal capabilities are not required.
Limitations
Earlier than M2.7 in the lineup, it lacks the multimodal vision and video understanding capabilities available in M3, and does not include the specialized reasoning features of M1.

Input / 1M

$0.27

Output / 1M

$1.08

Cached input / 1M

$0.027

Context window

200K

Price history

Input (solid)Output (dashed)
Price per 1M tokens over timeOutput went from $0.9 to $1.08; Input went from $0.15 to $0.27 between Jun 2026 and Sep 2026.$0$0.5$1.00Output on 11 Jun 2026: $0.9Output on 26 Jun 2026: $0.48Output on 10 Jul 2026: $0.9Output on 5 Aug 2026: $0.9Output on 13 Aug 2026: $0.9Output on 19 Aug 2026: $0.9Output on 21 Aug 2026: $0.95Output on 22 Aug 2026: $1.08Output on 10 Sep 2026: $1.08Output on 11 Sep 2026: $1.08Out $1.08Input on 11 Jun 2026: $0.15Input on 26 Jun 2026: $0.12Input on 10 Jul 2026: $0.15Input on 5 Aug 2026: $0.22Input on 13 Aug 2026: $0.22Input on 19 Aug 2026: $0.225Input on 21 Aug 2026: $0.27Input on 22 Aug 2026: $0.27Input on 10 Sep 2026: $0.27Input on 11 Sep 2026: $0.27In $0.27Jun 2026Sep 2026

Price change

30d
in increased 22.7% out increased 20.0%
90d
in increased 80.0% out increased 20.0%
1y
in increased 80.0% out increased 20.0%
Since launch
in increased 80.0% out increased 20.0%

Snapshots

Effective Input Output Cached in Note Source
11 Sep 2026 $0.27 $1.08 $0.027 Imported from OpenRouter openrouter.ai
10 Sep 2026 $0.27 $1.08 $0.027 Imported from OpenRouter openrouter.ai
22 Aug 2026 $0.27 $1.08 $0.027 Imported from OpenRouter openrouter.ai
21 Aug 2026 $0.27 $0.95 $0.03 Imported from OpenRouter openrouter.ai
19 Aug 2026 $0.225 $0.9 $0.06 Imported from OpenRouter openrouter.ai
13 Aug 2026 $0.22 $0.9 $0.05 Imported from OpenRouter openrouter.ai
5 Aug 2026 $0.22 $0.9 $0.05 Imported from OpenRouter openrouter.ai
10 Jul 2026 $0.15 $0.9 $0.05 Imported from OpenRouter openrouter.ai
26 Jun 2026 $0.12 $0.48 Imported from OpenRouter openrouter.ai
11 Jun 2026 $0.15 $0.9 $0.05 Imported from OpenRouter openrouter.ai

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