Xiaomi MiMo-V2.5 vs Mistral Large 3 675B Instruct
Xiaomi MiMo-V2.5 (2026) and Mistral Large 3 675B Instruct (2025) are frontier reasoning models from Xiaomi and MistralAI. Xiaomi MiMo-V2.5 ships a 1.05m-token context window, while Mistral Large 3 675B Instruct ships a 128k-token context window. On MMLU PRO, Mistral Large 3 675B Instruct leads by 0.6 pts. This comparison covers specs, pricing, API access, capabilities, benchmarks, input and output token costs, and production fit for coding and agent workloads.
Xiaomi MiMo-V2.5 is ~257% cheaper at $0.14/1M; pay for Mistral Large 3 675B Instruct only for vision-heavy evaluation.
Decision scorecard
Local evidence first| Signal | Xiaomi MiMo-V2.5 | Mistral Large 3 675B Instruct |
|---|---|---|
| Best for | reasoning-heavy apps, multimodal apps, and tool-calling agents | multimodal apps and provider-routed production |
| Decision fit | RAG, Agents, and Long context | Coding, RAG, and Agents |
| Context window | 1.05m | 128k |
| Cheapest output | $0.28/1M tokens | $1.50/1M tokens |
| Provider routes | 2 tracked | 6 tracked |
| Shared benchmarks | 2 shared | MMLU PRO leader |
Decision tradeoffs
- Xiaomi MiMo-V2.5 holds a shared-benchmark lead on Google-Proof Q&A, ahead by 39.8 points.
- Xiaomi MiMo-V2.5 has the larger context window for long prompts, retrieval packs, or transcript analysis.
- Xiaomi MiMo-V2.5 has the lower cheapest tracked output price at $0.28/1M tokens.
- Xiaomi MiMo-V2.5 uniquely exposes Reasoning and JSON / Tool use in local model data.
- Local decision data tags Xiaomi MiMo-V2.5 for RAG, Agents, and Long context.
- Mistral Large 3 675B Instruct holds a shared-benchmark lead on MMLU PRO, ahead by 0.6 points.
- Mistral Large 3 675B Instruct has broader tracked provider coverage for fallback and route flexibility.
- Local decision data tags Mistral Large 3 675B Instruct for Coding, RAG, and Agents.
Monthly cost at traffic
Estimate token spend from the cheapest tracked input and output route or tier on this page.
Xiaomi MiMo-V2.5
$182
Cheapest tracked route/tier: OpenRouter
Mistral Large 3 675B Instruct
$775
Cheapest tracked route/tier: OpenRouter
Estimated monthly gap: $593. Batch, cache, alternate speed tiers, and negotiated pricing are excluded from this local estimate.
Switch friction
- Provider overlap exists on OpenRouter; start route-level A/B tests there.
- Mistral Large 3 675B Instruct is $1.22/1M tokens higher on cheapest tracked output pricing, so quality gains need to justify the spend.
- Check replacement coverage for Reasoning and JSON / Tool use before moving production traffic.
- Provider overlap exists on OpenRouter; start route-level A/B tests there.
- Xiaomi MiMo-V2.5 is $1.22/1M tokens lower on cheapest tracked output pricing before cache, batch, or negotiated discounts.
- Xiaomi MiMo-V2.5 adds Reasoning and JSON / Tool use in local capability data.
Specs
| Specification | ||
|---|---|---|
| Released | 2026-04-22 | 2025-12-01 |
| Context window | 1.05m | 128k |
| Parameters | — | 675B |
| Architecture | - | Decoder Only |
| License | Proprietary | Apache 2.0OSI-approved |
| Openness | Proprietary | Open source |
| Weights | Not released | Unknown |
| Code | Unknown | Unknown |
| Commercial use | Commercial use: conditional | Commercial use: permitted |
| Knowledge cutoff | - | 2024-11 |
Pricing and availability
| Pricing attribute | Xiaomi MiMo-V2.5 | Mistral Large 3 675B Instruct |
|---|---|---|
| Input price | $0.14/1M tokens | $0.50/1M tokens |
| Output price | $0.28/1M tokens | $1.50/1M tokens |
| Providers |
Capabilities
| Capability | Xiaomi MiMo-V2.5 | Mistral Large 3 675B Instruct |
|---|---|---|
| Vision | Yes | Yes |
| Multimodal | Yes | Yes |
| Reasoning | Yes | No |
| JSON / Tool use | Yes | No |
| Structured outputs | Yes | Yes |
| Code execution | No | No |
| IDE integration | No | No |
| Computer use | No | No |
| Parallel agents | No | No |
Benchmarks
| Benchmark | Xiaomi MiMo-V2.5 | Mistral Large 3 675B Instruct |
|---|---|---|
| MMLU PRO | 84.9 | 85.5 |
| Google-Proof Q&A | 83.7 | 43.9 |
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Last reviewed: 2026-06-29. Data sourced from public model cards and provider documentation.