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Mercury 2

Inception Labs

B · open · Other

MiMo-V2.5-Pro

Xiaomi

0:11

overall capability wins (0 ties across 11 scored). MiMo-V2.5-Pro leads overall.

  • Reasoning0:6
  • Coding0:3
  • Tool use0:1
  • Composite indices0:2
  • Specs0:1

Verdict

MiMo-V2.5-Pro leads coding (widest gap: +308.3 on WebDev Elo); MiMo-V2.5-Pro offers ~7.8x larger context (1M vs 128K); MiMo-V2.5-Pro ships open weights (MIT).

  • MiMo-V2.5-Pro leads coding (widest gap: +308.3 on WebDev Elo)
  • MiMo-V2.5-Pro offers ~7.8x larger context (1M vs 128K)
  • MiMo-V2.5-Pro ships open weights (MIT)

Cost for 1M in + 250K out

Illustrative chat workload at primary-provider list prices.

Mercury 2
$0.44
MiMo-V2.5-Pro
-

Price per 1M tokens

Full comparison

Organization

Inception Labs

Xiaomi

Family

Other

Other

License

Proprietary

MIT

Open weights

No

Yes

Release

Sep 1, 2026

Apr 27, 2026

Knowledge cutoff

-

-

API / provider

Inception Labs

No primary API price listed

Modalities

text → text

text → text

Specs

Context window

128K

1M

B +872K

Max output

-

-

—

Parameters

—

1.0T (42B act.)

—

Pricing

Input $/1M

$0.25

—

—

Output $/1M

$0.75

—

—

Blended $/1M (3∶1)

$0.38

-

—

Speed

tok/s

-

-

—

TTFT (s)

-

-

—

Reasoning

MMLU-Pro

—

—

—

GPQA Diamond

77.0

86.6

B +9.6 pts

Humanity's Last Exam

17.1

35.7

B +18.6 pts

AIME 2025

—

—

—

MATH-500

—

—

—

Humanity's Last Exam (with tools)

—

—

—

AA-Omniscience Accuracy

21.2

22.4

B +1.2 pts

AA-LCR v1.1

43.7

79.7

B +36.0 pts

CritPt

0.8

4.0

B +3.2 pts

MMMU-Pro

—

—

—

IFBench

69.8

79.9

B +10.1 pts

Chartography

—

—

—

Chartography (With Tools)

—

—

—

Coding

SWE-bench Verified

—

—

—

SWE-bench Pro

—

—

—

SWE-bench Multilingual

—

—

—

LiveCodeBench

—

—

—

Terminal-Bench 2.1

27.3

65.2

B +37.9 pts

Aider Polyglot

—

—

—

Terminal-Bench 3

—

—

—

BigCodeBench

—

—

—

SciCode

37.7

50.6

B +12.9 pts

CursorBench

—

—

—

SWE-Rebench

—

44.4

—

NL2Repo-Bench

—

—

—

DeepSWE

—

—

—

WebDev Arena

1,167

1,475

B +308 Elo

Terminal-Bench 4.0

—

—

—

CursorBench 4.0

—

—

—

FrontierCode v1.1 (Main)

—

—

—

Arena

LMArena Elo

—

1,467

—

Mercury 2

Context
128K
Parameters
—
Price
$0.25 / $0.75
Speed
—
Modalities
text → text
License
Proprietary

Inception Labs' diffusion-based (non-autoregressive) reasoning LLM, API-only with a 128K context window and high-throughput inference on Blackwell GPUs.

MiMo-V2.5-Pro

Context
1M
Parameters
1.0T (42B act.)
Price
—
Speed
—
Modalities
text → text
License
MIT

Xiaomi's flagship open-weight MoE model (1.02T total / 42B active parameters) in the MiMo-V2.5 series, tuned for coding, reasoning, and long-horizon agent tasks with a 1M-token context window, released under the MIT license.

Benchmark charts

Winner bars are emphasized. Per-benchmark deltas sit above each chart.

Reasoning & knowledge

GPQA: B +9.6HLE: B +18.6CritPt: B +3.2AA-LCR: B +36.0Omniscience Acc.: B +1.2IFBench: B +10.1

Coding

TermBench: B +37.9SciCode: B +12.9WebDev Elo: B +308

Tool use & function calling

τ³-Banking: B +0.4

Composite indices

AA Index: B +21.1AA Index v4.3: B +14.9

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