Last verified
EU FRONTIER LABFOUNDED 2023PARIS · FRANCEOPEN WEIGHTSLE CHAT MAKERS

Mistral API Pricing

The Paris lab behind Le Chat and the open-weight Mistral family. Founded in 2023 by Arthur Mensch with ex-DeepMind and Meta researchers, it ships frontier-grade models with Apache-2.0 open weights for most tiers and EU-native data residency — the leading European alternative to US labs.

Production models
8
7 GA · 1 preview
Founded
2023
3 years operating
Cheapest tier
$0.1/M
Ministral 3 3B input
Open weights
Apache 2.0
Small · Ministral · Large
Headquarters
Paris
EU · GDPR-native
Latest valuation
$14B
ASML-led, Sep 2025
§ 01 / LINEUP

The full roster.

Side-by-side →
FAST · LIGHTWEIGHT

Mistral Small 4

Cached input $0.015/M, 10% of input, published per model on Mistral's inference pricing page (docs.mistral.ai/inference/pricing), verified 2026-09-21.

Input
$0.15/M
Output
$0.60/M
256K ctx · vision →
FAST · LIGHTWEIGHT

Ministral 3 14B

API ID `ministral-3-14b-2512`.

Input
$0.20/M
Output
$0.20/M
128K ctx · vision →
FAST · LIGHTWEIGHT

Ministral 3 8B

API ID `ministral-3-8b-2512`.

Input
$0.15/M
Output
$0.15/M
128K ctx · vision →
BALANCED · MID-TIER

Mistral Medium 3.5

Higher list rate than Mistral Large 3 — positioned as state-of-the-art agentic/coding model.

Input
$1.50/M
Output
$7.50/M
Context documented elsewhere — not on pricing page · vision →
FAST · LIGHTWEIGHT

Ministral 3 3B

API ID `ministral-3-3b-2512`.

Input
$0.10/M
Output
$0.10/M
128K ctx · vision →
FRONTIER · REASONING

Mistral Large 3

Open-weight, general-purpose, flagship multimodal + multilingual.

Input
$0.50/M
Output
$1.50/M
Context documented elsewhere — not on pricing page · vision →
SPECIALIST

Codestral

Premier coding model; supports 80+ programming languages.

Input
$0.30/M
Output
$0.90/M
Context documented elsewhere — not on pricing page · text-only →
PREVIEW · EARLY ACCESS

Mistral Large 4 LAUNCHED OCT 2026

Mistral Large 4 is Mistral's largest model to date, released 2026-10-06 as a Public Preview: a general-purpose, natively multimodal Mixture-of-Experts model that Mistral calls open-weight but has n…

Input
$1.36/M
Output
$4.18/M
1M ctx · vision →
RETIRED · NOV 2025

Codestral 2501 LAUNCHED JAN 2025

API ID codestral-2501.

Input
$0.30/M
Output
$0.90/M
256K ctx · text-only →
RETIRED · JUN 2025

Codestral 2405 LAUNCHED MAY 2024

API ID codestral-2405.

Input
$0.20/M
Output
$0.60/M
32K ctx · text-only →
RETIRED · DEC 2025

Pixtral 12B LAUNCHED SEP 2024

API ID pixtral-12b (pixtral-12b-2409).

Input
$0.15/M
Output
$0.15/M
128K ctx · vision →
RETIRED · MAR 2025

Mixtral 8x22B LAUNCHED APR 2024

API ID open-mixtral-8x22b.

Input
$2.00/M
Output
$6.00/M
64K ctx · text-only →
RETIRED · MAR 2025

Mixtral 8x7B LAUNCHED DEC 2023

API ID open-mixtral-8x7b.

Input
$0.70/M
Output
$0.70/M
32K ctx · text-only →
RETIRED · DEC 2025

Ministral 8B LAUNCHED OCT 2024

API ID ministral-8b-2410 (Ministral 8B 24.10).

Input
$0.10/M
Output
$0.10/M
128K ctx · text-only →
RETIRED · MAR 2025

Mistral 7B LAUNCHED SEP 2023

API ID open-mistral-7b.

Input
$0.25/M
Output
$0.25/M
32K ctx · text-only →
RETIRED · JUL 2026

Mistral Small 3.2

API ID `mistral-small-2506`.

Input
$0.10/M
Output
$0.30/M
Context documented elsewhere · vision →
RETIRED · AUG 2026

Mistral Medium 3.1

API ID `mistral-medium-2508`.

Input
$1.50/M
Output
$7.50/M
Context documented elsewhere · vision →
RETIRED · DEC 2025

Ministral 3B LAUNCHED OCT 2024

API ID ministral-3b-2410 (Ministral 3B 24.10).

Input
$0.04/M
Output
$0.04/M
128K ctx · text-only →
RETIRED · MAY 2026

Mistral Large 2.1 LAUNCHED NOV 2024

API ID mistral-large-2411 (also referred to as Mistral Large 24.11).

Input
$2.00/M
Output
$6.00/M
128K ctx · text-only →
RETIRED · JUL 2026

Devstral 2

RETIRED.

Input
$0.40/M
Output
$2.00/M
Context documented elsewhere — not on pricing page · text-only →
RETIRED · MAR 2026

Devstral Small 2

RETIRED.

Input
$0.10/M
Output
$0.30/M
Context documented elsewhere · vision →
RETIRED · MAR 2025

Mistral Large 2 LAUNCHED JUL 2024

API ID mistral-large-2407 (Mistral Large 24.07).

Input
$2.00/M
Output
$6.00/M
128K ctx · text-only →
RETIRED · SEP 2026

Leanstral 1.5 LAUNCHED JUN 2026

Leanstral 1.5 was Mistral's Lean 4 formal-proof engineering model, free on the API in public preview from 2026-06-30 until Mistral retired it on 2026-09-30.

Input
Free/M
Output
Free/M
256K ctx · text-only →
RETIRED · JUN 2025

Mistral Large 1 LAUNCHED FEB 2024

API ID mistral-large-2402 (also called Mistral Large 24.02).

Input
$4.00/M
Output
$12.00/M
32K ctx · text-only →
RETIRED · JUN 2025

Mistral Medium 1 LAUNCHED DEC 2023

API ID mistral-medium-2312.

Input
$2.70/M
Output
$8.10/M
32K ctx · text-only →
RETIRED · JUN 2025

Mistral Small 1 LAUNCHED FEB 2024

API ID mistral-small-2402 (Mistral Small 24.02).

Input
$1.00/M
Output
$3.00/M
32K ctx · text-only →
RETIRED · JUL 2026

Magistral Medium

RETIRED.

Input
$2.00/M
Output
$5.00/M
Context documented elsewhere — not on pricing page · text-only →
RETIRED · JUL 2026

Magistral Small

RETIRED.

Input
$0.50/M
Output
$1.50/M
Context documented elsewhere · text-only →
RETIRED · JUN 2026

Leanstral

API ID `leanstral-2603`.

Input
Free/M
Output
Free/M
Context documented elsewhere · text-only →
RETIRED · MAY 2026

Pixtral Large LAUNCHED NOV 2024

API ID pixtral-large-2411.

Input
$2.00/M
Output
$6.00/M
128K ctx · vision →
RETIRED · JUN 2025

Codestral Mamba 7B LAUNCHED JUL 2024

API ID open-codestral-mamba.

Input
$0.25/M
Output
$0.25/M
256K ctx · text-only →
RETIRED · JUL 2026

Mistral NeMo 12B LAUNCHED JUL 2024

API ID open-mistral-nemo.

Input
$0.15/M
Output
$0.15/M
128K ctx · text-only →
§ 02 / SHELF

All side-by-side.

Methodology →
Model Input /M Output /M Cached Context Max output Vision Tools Tier
Mistral Small 4 $0.15 $0.60 $0.015−90% 256K — ✓ ✓ Light
Ministral 3 14B $0.20 $0.20 $0.02−90% 128K — ✓ ✓ Light
Ministral 3 8B $0.15 $0.15 $0.015−90% 128K — ✓ ✓ Light
Mistral Medium 3.5 $1.50 $7.50 $0.15−90% documented elsewhere — not on pricing page — ✓ ✓ Mid
Ministral 3 3B $0.10 $0.10 $0.01−90% 128K — ✓ ✓ Light
Mistral Large 3 FLAGSHIP $0.50 $1.50 $0.05−90% documented elsewhere — not on pricing page — ✓ ✓ Frontier
Codestral $0.30 $0.90 $0.03−90% documented elsewhere — not on pricing page — ✗ ✓ Active
Mistral Large 4 PREVIEW $1.36 $4.18 $0.14−90% 1M — ✓ ✓ Preview
Codestral 2501 RETIRED — — — Retired Nov 30, 2025 → Codestral ✗ ✗ Retired
Codestral 2405 RETIRED — — — Retired Jun 16, 2025 → Codestral ✗ ✗ Retired
Pixtral 12B RETIRED — — — Retired Dec 31, 2025 → Ministral 3 14B ✓ ✗ Retired
Mixtral 8x22B RETIRED — — — Retired Mar 30, 2025 → Mistral Small 4 ✗ ✗ Retired
Mixtral 8x7B RETIRED — — — Retired Mar 30, 2025 → Mistral Small 4 ✗ ✗ Retired
Ministral 8B RETIRED — — — Retired Dec 31, 2025 → Ministral 3 8B ✗ ✗ Retired
Mistral 7B RETIRED — — — Retired Mar 30, 2025 → Ministral 3 8B ✗ ✗ Retired
Mistral Small 3.2 RETIRED — — — Retired Jul 31, 2026 → Mistral Small 4 ✓ ✗ Retired
Mistral Medium 3.1 RETIRED — — — Retired Aug 31, 2026 → Mistral Medium 3.5 ✓ ✗ Retired
Ministral 3B RETIRED — — — Retired Dec 31, 2025 → Ministral 3 3B ✗ ✗ Retired
Mistral Large 2.1 RETIRED — — — Retired May 31, 2026 → Mistral Medium 3.5 ✗ ✗ Retired
Devstral 2 RETIRED — — — Retired Jul 31, 2026 → Mistral Medium 3.5 ✗ ✗ Retired
Devstral Small 2 RETIRED — — — Retired Mar 31, 2026 → Mistral Small 4 ✓ ✗ Retired
Mistral Large 2 RETIRED — — — Retired Mar 30, 2025 → Mistral Large 3 ✗ ✗ Retired
Leanstral 1.5 RETIRED — — — Retired Sep 30, 2026 — ✗ ✗ Retired
Mistral Large 1 RETIRED — — — Retired Jun 16, 2025 → Mistral Large 3 ✗ ✗ Retired
Mistral Medium 1 RETIRED — — — Retired Jun 16, 2025 → Mistral Medium 3.5 ✗ ✗ Retired
Mistral Small 1 RETIRED — — — Retired Jun 16, 2025 → Mistral Small 4 ✗ ✗ Retired
Magistral Medium RETIRED — — — Retired Jul 31, 2026 → Mistral Medium 3.5 ✗ ✗ Retired
Magistral Small RETIRED — — — Retired Jul 31, 2026 → Mistral Small 4 ✗ ✗ Retired
Leanstral RETIRED — — — Retired Jun 30, 2026 — ✗ ✗ Retired
Pixtral Large RETIRED — — — Retired May 31, 2026 → Mistral Medium 3.5 ✓ ✗ Retired
Codestral Mamba 7B RETIRED — — — Retired Jun 6, 2025 → Codestral ✗ ✗ Retired
Mistral NeMo 12B RETIRED — — — Retired Jul 31, 2026 → Ministral 3 8B ✗ ✗ Retired
§ 03 / PRICE CURVE

Pricing across the lineup.

How Mistral AI priced 20 models · FEB 24 → OCT 26.

oldest → newest →
$20$15$10$5 Mistral Small 1 FEB 24 Codestral 2405 MAY 24 Mistral Large 2 JUL 24 Ministral 8B OCT 24 Codestral 2501 JAN 25 Mistral Large 3 DEC 25 Mistral Medium … APR 26 Mistral Large 4 OCT 26
Input · newest $1.36/M
Output · newest $4.18/M
Each point is a model at its listed $/M price.

The last 12 months at Mistral.

Major releases, funding, and EU-infrastructure moves. Sourced from official Mistral announcements + press coverage, verified at publication.

OCT 06 · 2026
Mistral Large 4 in public preview - Mistral's largest model, a 1T-parameter multimodal MoE with a 1M window, listed at $1.36/$4.18 with a two-week 50% launch sale; weights promised by the end of October
PREVIEW
SEP 30 · 2026
Leanstral 1.5 retired — deprecated on Sep 29 and switched off the next day with no replacement named, ending Mistral's last free text model on the API; OCR 4.0 retired the same day in favour of OCR 4.1
RETIREMENT
AUG 31 · 2026
Medium 3.1 retired — last of the 2026 retirement wave: Large 2.1 and Pixtral Large went on May 31, Leanstral 2603 on Jun 30, Small 3.2 and Mistral Nemo on Jul 31; Mistral points them to Medium 3.5, Small 4 and Ministral 3 8B
RETIRED
AUG 23 · 2026
Reasoning and code lines retired — Devstral 2, Devstral Small 2, Magistral Medium and Magistral Small are gone from the catalogue and the price card, folded into Mistral Medium 3.5 and Mistral Small 4; Small 4 itself is repriced up to $0.15/$0.60 from $0.10/$0.30, unannounced
PRICING
JUN 30 · 2026
Leanstral 1.5 listed free in public preview - 119B / 6.5B active Lean 4 proof model under Apache 2.0, replacing Leanstral 2603 on the day it was retired
RELEASE
APR 29 · 2026
Mistral Medium 3.5 released — agentic/coding multimodal mid-tier at $1.50/$7.50, powers Le Chat Work mode
RELEASE
APR · 2026
Le Chat Enterprise + Work mode launched — EU data residency, remote coding agents, memory
FEATURE
MAR 30 · 2026
$830M debt financing raised to build the Essonne (Paris-region) Nvidia data-center cluster
CORPORATE
MAR 16 · 2026
Mistral Small 4 launched — cheap open multimodal tier currently listed at $0.10/$0.30, 256K context
RELEASE
DEC 09 · 2025
Devstral 2 released — frontier software-engineering code agent, 256K context
RELEASE
DEC 02 · 2025
Mistral Large 3 released — open-weight flagship, multimodal, $0.50/$1.50 per M
RELEASE
SEP 18 · 2025
Magistral Medium 1.2 shipped — transparent, multilingual reasoning model at $2/$5
RELEASE
SEP 09 · 2025
Series C: €1.7B raised, ASML-led — valuation more than doubles to ~$14B
CORPORATE
AUG · 2025
Codestral 25.08 card updated — FIM coding model across 80+ languages
RELEASE
JUN · 2025
Mistral Compute unveiled at VivaTech — sovereign EU AI infrastructure with Nvidia (18K Blackwell GPUs)
CORPORATE
§ 04 / ACCESS

Where to get it.

Methodology →
§ 04 / BEST FOR

Which Mistral AI for what.

More scenarios →
If you need an open-weight multimodal flagship…
Mistral Large 3
Profile →
If you're building agentic or coding workflows…
Mistral Medium 3.5
Profile →
If you want transparent multilingual reasoning…
Mistral Medium 3.5
Profile →
If you need code completion (FIM) in an IDE…
Codestral
Profile →
If you run software-engineering agents…
Mistral Medium 3.5
Profile →
If you want cheap high-volume multimodal…
Mistral Small 4
Profile →
If you require EU data residency for compliance…
Le Chat Enterprise
Mistral docs →
§ 06 / BACKGROUND

The company behind it.

mistral.ai →

Mistral AI was founded in April 2023 in Paris by Arthur Mensch (CEO, ex-Google DeepMind), Guillaume Lample (Chief Scientist) and Timothée Lacroix (CTO) — the latter two from Meta's Llama team. The pitch: build frontier-grade models in Europe with open weights and EU data sovereignty as core principles rather than afterthoughts.

The company is a private French société par actions simplifiée (SAS). Funding has been rapid: a €105M seed in mid-2023, a ~$2B-valuation Series A in late 2023, a ~$6B round in 2024, and a €1.7B Series C in September 2025 led by chip-equipment maker ASML that more than doubled its valuation to roughly $14B. Investors include Andreessen Horowitz, Nvidia, Lightspeed, General Catalyst, DST Global, Index Ventures and Bpifrance.

Mistral's technical signature is its open-weight release strategy: the Mixtral mixture-of-experts models, the Small and Ministral families, and Devstral Small ship under Apache 2.0 licenses on Hugging Face — fully self-hostable. Premier models like Mistral Medium 3.5 and Magistral Medium remain API-only. The lab also builds the Le Chat consumer assistant and the Codestral / Devstral coding line.

Beyond models, Mistral is investing in European AI sovereignty. Mistral Compute, unveiled at VivaTech in June 2025 with Nvidia, provides sovereign GPU infrastructure so EU companies and governments can own their AI stack without depending on US or Chinese cloud providers; the lab raised $830M in debt in 2026 to build a Paris-region data-center cluster.

Versus US labs: Mistral's frontier benchmarks trail OpenAI and Anthropic, and its lineup is narrower. But it is materially cheaper, ships open weights, and is the clearest EU-native, GDPR-first option — a meaningful differentiator for European procurement and regulated industries.

§ 07 / COMPETITORS

Other frontier labs.

All providers →

Frequently asked.

Practical questions about Mistral AI, open weights, and EU data residency.

Q · 01 Which Mistral model should I start with? +
For most teams: Mistral Medium 3.5 ($1.5/$7.5) for agentic and coding work, or Mistral Large 3 ($0.5/$1.5) if you want the open-weight flagship. Mistral Large 4 ($1.36/$4.18 list, half that during its launch sale) is the largest model, but it is a public preview and its weights are not out yet. Drop to Mistral Small 4 ($0.15/$0.60) for cheap high-volume multimodal. See the use case picker above.
Q · 02 Is Mistral a good choice for EU data residency? +
Yes — this is Mistral's core differentiator. The company is Paris-based and GDPR-native. Le Chat Enterprise offers EU data residency, and Mistral Compute provides sovereign EU GPU infrastructure built with Nvidia. For regulated European industries, it avoids the US data-transfer questions that come with American labs.
Q · 03 Are Mistral models open-weight? +
Many are. The Small, Ministral, Devstral Small, and Mixtral families ship under Apache 2.0 on Hugging Face — fully self-hostable with no per-token fee. Premier models like Mistral Medium 3.5 and Magistral Medium are API-only. Mistral Large 4 is described as open-weight, but on October 6, 2026 it launched as an API-only public preview; Mistral says the weights follow by the end of October. Check each model card before assuming a license.
Q · 04 What's the data retention policy? +
API requests on La Plateforme are not used to train models by default. Le Chat Enterprise adds stricter data-residency and retention controls for business customers. Free consumer tiers may retain data for product improvement unless you opt out.
Q · 05 Is there a free option? +
Not for text generation on the API any more. Leanstral 1.5, the free Lean 4 proof model in public preview, was retired on September 30, 2026, a day after Mistral deprecated it, with no replacement named. The moderation classifier is listed free, and Mistral's consumer Free plan gives limited access to Vibe and Studio. The cheapest paid general model is Ministral 3 3B at $0.1/M (symmetric input/output). Open weights also let you self-host any Apache-2.0 model for compute cost only.
Q · 06 Can I get a discount? +
Mistral's Batch API gives −50% on async workloads, and every current model has a published cached-input rate at 10% of input — Mistral Large 3, for example, reads cached tokens at $0.05/M against $0.50/M. The calculators here apply it at the site-wide 82% cache-hit assumption. Priority-tier (low-latency) APIs run about +75% over list. Self-hosting open weights removes per-token cost entirely.
Q · 07 How does Mistral compare to OpenAI, Anthropic, and DeepSeek? +
Mistral trails OpenAI and Anthropic on top frontier benchmarks and has a narrower lineup. But it is cheaper, ships open weights, and is the clearest EU-native choice. Against DeepSeek, prices are comparable but Mistral wins on data governance for European teams.