MiniMax: MiniMax M2.5

Pricing, context window and lifecycle for minimax/minimax-m2.5, tracked from what the vendor publishes.

Price per million tokens

Input	$0.270
Output	$1.08
Cache price (read)	$0.027
Max price	$1.08

Facts

Model ID	minimax/minimax-m2.5
Vendor	MiniMax
Token limit (context window)	204,800 tokens
Knowledge cutoff	-
End of life	none published

Supported parameters

frequency_penalty, include_reasoning, logit_bias, logprobs, max_tokens, min_p, presence_penalty, reasoning, repetition_penalty, response_format, seed, stop, structured_outputs, temperature, tool_choice, tools, top_k, top_logprobs, top_p

Other MiniMax models

minimax/minimax-01 $0.200 in / $1.10 out
minimax/minimax-m1 $0.550 in / $2.20 out
minimax/minimax-m2 $0.255 in / $1.02 out
minimax/minimax-m2-her $0.300 in / $1.20 out
minimax/minimax-m2.1 $0.300 in / $1.20 out
minimax/minimax-m2.7 $0.300 in / $1.20 out
minimax/minimax-m3 $0.300 in / $1.20 out
minimax/minimax-m3:batch $0.300 in / $1.20 out

Change history

Every change we have observed since tracking began.

Detected	Change	Detail
2026-08-22 19:14	Pricing Change	Output $0.950 -> $1.08 (+13.7%) · Cache price (read) $0.030 -> $0.027 (-10.0%)
2026-08-21 19:14	Pricing Change	Output $0.900 -> $0.950 (+5.6%) · Cache price (read) $0.060 -> $0.030 (-50.0%) · Input $0.225 -> $0.270 (+20.0%)
2026-08-19 19:14	Pricing Change	Cache price (read) $0.050 -> $0.060 (+20.0%) · Input $0.220 -> $0.225 (+2.3%)
2026-08-19 19:14	Param Change	removed parallel_tool_calls
2026-08-05 15:42	Pricing Change	Input $0.150 -> $0.220 (+46.7%)

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