Pick MiMo-V2.5 for native omnimodal — strong image and video understanding or very low cost (~half the inference of the pro tier). Pick Step 3.7 Flash for a 198b-parameter sparse moe vision-language model (11b active) built specifically for agentic coding and search workflows or scmp reported it 'outshines larger rivals' from deepseek and moonshot on some benchmarks despite its smaller active size. On a tight budget at scale, MiMo-V2.5 is the value pick.
MiMo-V2.5 (Xiaomi) and Step 3.7 Flash (StepFun) are two of the models people most often weigh against each other in 2026. MiMo-V2.5 is xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost. Step 3.7 Flash is stepFun's 198B MoE vision-language model built for coding and search agents - a distinct Chinese lab with genuinely competitive open weights. They diverge most on price and context window — each quantified below from the models' real specs.
Key differences
Price: MiMo-V2.5 is about 1.4× cheaper on input ($0.14/$0.28 per 1M tokens vs $0.2/$1.15 per 1M tokens) — modest, but it adds up at steady volume.
Context window: MiMo-V2.5 holds 3.8× more — 1M (~1,500 pages) vs 256K (~393 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
Recency: Step 3.7 Flash is the newer model by about 37 days (released May 29, 2026), usually meaning fresher training data and capabilities.
Specifications
Spec
MiMo-V2.5
Step 3.7 Flash
Provider
Xiaomi (China)
StepFun (China)
Released
April 22, 2026
May 29, 2026
Context window
1M (~1,500 pages)
256K (~393 pages)
Price (in/out)
$0.14/$0.28 per 1M tokens
$0.2/$1.15 per 1M tokens
Open weight?
Yes — self-hostable
Yes — self-hostable
Modalities
text, image, audio, video, code
text, image, code
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
Native omnimodal — strong image and video understanding: MiMo-V2.5 — Xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost — and it runs cheaper at $0.14/$0.28 per 1M tokens.
Very low cost (~half the inference of the Pro tier): MiMo-V2.5 — At $0.14/$0.28 per 1M tokens it undercuts Step 3.7 Flash ($0.2/$1.15 per 1M tokens), and that gap compounds at volume.
Agent-framework integration: MiMo-V2.5 — Xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost — and it carries the larger 1M context.
A 198B-parameter sparse MoE vision-language model (11B active) built specifically for agentic coding and search workflows: Step 3.7 Flash — StepFun's 198B MoE vision-language model built for coding and search agents - a distinct Chinese lab with genuinely competitive open weights — and it is the newer of the two.
SCMP reported it 'outshines larger rivals' from DeepSeek and Moonshot on some benchmarks despite its smaller active size: Step 3.7 Flash — Step 3.7 Flash lists sCMP reported it 'outshines larger rivals' from DeepSeek and Moonshot on some benchmarks despite its smaller active size among its strengths; MiMo-V2.5 does not.
Open weights (Apache 2.0) at a low per-token price: Step 3.7 Flash — Step 3.7 Flash lists open weights (Apache 2.0) at a low per-token price among its strengths; MiMo-V2.5 does not.
Lowest cost at scale: MiMo-V2.5 — At $0.14/$0.28 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Largest single-prompt input: MiMo-V2.5 — Its 1M window is about 3.8× larger than Step 3.7 Flash's 256K, fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume: MiMo-V2.5 — At $0.14/$0.28 per 1M tokens it undercuts Step 3.7 Flash, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases: MiMo-V2.5 — Larger 1M window fits more in one prompt.
Anyone whose priority is native omnimodal — strong image and video understanding: MiMo-V2.5 — It is specifically built for that.
Anyone whose priority is a 198b-parameter sparse moe vision-language model (11b active) built specifically for agentic coding and search workflows: Step 3.7 Flash — That is its strongest area.
MiMo-V2.5: where it fits
Xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost. Released April 22, 2026 by Xiaomi, it is built for native omnimodal — strong image and video understanding, very low cost (~half the inference of the Pro tier), agent-framework integration, and 1M context for full documents in one pass.
Its trade-offs are real: not the deepest reasoning tier (see V2.5-Pro), and limited Western tooling and support. At $0.14 in / $0.28 out per million tokens, it sits in the budget price band.
Step 3.7 Flash: where it fits
StepFun's 198B MoE vision-language model built for coding and search agents - a distinct Chinese lab with genuinely competitive open weights. Released May 29, 2026 by StepFun, it is built for a 198B-parameter sparse MoE vision-language model (11B active) built specifically for agentic coding and search workflows, sCMP reported it 'outshines larger rivals' from DeepSeek and Moonshot on some benchmarks despite its smaller active size, open weights (Apache 2.0) at a low per-token price, and includes a 1.8B vision encoder for image understanding alongside text.
Its trade-offs: stepFun is a newer, less established lab than DeepSeek, Alibaba, or Moonshot, benchmark 'outshines rivals' claims are from press coverage of specific tests, not a full independent leaderboard sweep, and smaller ecosystem and less third-party documentation than the more established Chinese labs. At $0.2 in / $1.15 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
MiMo-V2.5 and Step 3.7 Flash overlap enough that the right pick depends on your specific job. MiMo-V2.5 costs less per token; MiMo-V2.5 holds the larger context; and each leads in its own area — MiMo-V2.5 for native omnimodal — strong image and video understanding, Step 3.7 Flash for a 198b-parameter sparse moe vision-language model (11b active) built specifically for agentic coding and search workflows. Rather than crowning one, run the same hard task through both once and let the results decide.
Frequently asked questions
Is MiMo-V2.5 or Step 3.7 Flash better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, MiMo-V2.5 leans toward native omnimodal — strong image and video understanding while Step 3.7 Flash leans toward a 198b-parameter sparse moe vision-language model (11b active) built specifically for agentic coding and search workflows, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, MiMo-V2.5 or Step 3.7 Flash?
MiMo-V2.5 is cheaper — $0.14/$0.28 per 1M tokens vs $0.2/$1.15 per 1M tokens, roughly 1.4× apart on input.
Which has the bigger context window?
MiMo-V2.5 — 1M vs 256K, about 3.8× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both MiMo-V2.5 and Step 3.7 Flash together?
Yes — a multi-model platform like LumiChats gives you MiMo-V2.5, Step 3.7 Flash and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, MiMo-V2.5 or Step 3.7 Flash?
Step 3.7 Flash — released May 29, 2026, about 37 days after MiMo-V2.5.
MiMo-V2.5 vs Step 3.7 Flash
Xiaomi · China | StepFun · China · Updated June 2026
Quick verdict
Pick MiMo-V2.5 for native omnimodal — strong image and video understanding or very low cost (~half the inference of the pro tier). Pick Step 3.7 Flash for a 198b-parameter sparse moe vision-language model (11b active) built specifically for agentic coding and search workflows or scmp reported it 'outshines larger rivals' from deepseek and moonshot on some benchmarks despite its smaller active size. On a tight budget at scale, MiMo-V2.5 is the value pick.
MiMo-V2.5 (Xiaomi) and Step 3.7 Flash (StepFun) are two of the models people most often weigh against each other in 2026. MiMo-V2.5 is xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost. Step 3.7 Flash is stepFun's 198B MoE vision-language model built for coding and search agents - a distinct Chinese lab with genuinely competitive open weights. They diverge most on price and context window — each quantified below from the models' real specs.
Key differences at a glance
▸Price: MiMo-V2.5 is about 1.4× cheaper on input ($0.14/$0.28 per 1M tokens vs $0.2/$1.15 per 1M tokens) — modest, but it adds up at steady volume.
▸Context window: MiMo-V2.5 holds 3.8× more — 1M (~1,500 pages) vs 256K (~393 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
▸Recency: Step 3.7 Flash is the newer model by about 37 days (released May 29, 2026), usually meaning fresher training data and capabilities.
Side-by-side specs
Spec
MiMo-V2.5
Step 3.7 Flash
Provider
Xiaomi (China)
StepFun (China)
Released
April 22, 2026
May 29, 2026
Context window
1M (~1,500 pages)
256K (~393 pages)
Price (in/out)
$0.14/$0.28 per 1M tokens
$0.2/$1.15 per 1M tokens
Open weight?
Yes — self-hostable
Yes — self-hostable
Modalities
text, image, audio, video, code
text, image, code
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
Native omnimodal — strong image and video understanding
MiMo-V2.5
Xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost — and it runs cheaper at $0.14/$0.28 per 1M tokens.
Very low cost (~half the inference of the Pro tier)
MiMo-V2.5
At $0.14/$0.28 per 1M tokens it undercuts Step 3.7 Flash ($0.2/$1.15 per 1M tokens), and that gap compounds at volume.
Agent-framework integration
MiMo-V2.5
Xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost — and it carries the larger 1M context.
A 198B-parameter sparse MoE vision-language model (11B active) built specifically for agentic coding and search workflows
Step 3.7 Flash
StepFun's 198B MoE vision-language model built for coding and search agents - a distinct Chinese lab with genuinely competitive open weights — and it is the newer of the two.
SCMP reported it 'outshines larger rivals' from DeepSeek and Moonshot on some benchmarks despite its smaller active size
Step 3.7 Flash
Step 3.7 Flash lists sCMP reported it 'outshines larger rivals' from DeepSeek and Moonshot on some benchmarks despite its smaller active size among its strengths; MiMo-V2.5 does not.
Open weights (Apache 2.0) at a low per-token price
Step 3.7 Flash
Step 3.7 Flash lists open weights (Apache 2.0) at a low per-token price among its strengths; MiMo-V2.5 does not.
Lowest cost at scale
MiMo-V2.5
At $0.14/$0.28 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Largest single-prompt input
MiMo-V2.5
Its 1M window is about 3.8× larger than Step 3.7 Flash's 256K, fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume
→ MiMo-V2.5
At $0.14/$0.28 per 1M tokens it undercuts Step 3.7 Flash, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases
→ MiMo-V2.5
Larger 1M window fits more in one prompt.
Anyone whose priority is native omnimodal — strong image and video understanding
→ MiMo-V2.5
It is specifically built for that.
Anyone whose priority is a 198b-parameter sparse moe vision-language model (11b active) built specifically for agentic coding and search workflows
→ Step 3.7 Flash
That is its strongest area.
MiMo-V2.5: where it fits
Xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost. Released April 22, 2026 by Xiaomi, it is built for native omnimodal — strong image and video understanding, very low cost (~half the inference of the Pro tier), agent-framework integration, and 1M context for full documents in one pass.
Its trade-offs are real: not the deepest reasoning tier (see V2.5-Pro), and limited Western tooling and support. At $0.14 in / $0.28 out per million tokens, it sits in the budget price band.
Step 3.7 Flash: where it fits
StepFun's 198B MoE vision-language model built for coding and search agents - a distinct Chinese lab with genuinely competitive open weights. Released May 29, 2026 by StepFun, it is built for a 198B-parameter sparse MoE vision-language model (11B active) built specifically for agentic coding and search workflows, sCMP reported it 'outshines larger rivals' from DeepSeek and Moonshot on some benchmarks despite its smaller active size, open weights (Apache 2.0) at a low per-token price, and includes a 1.8B vision encoder for image understanding alongside text.
Its trade-offs: stepFun is a newer, less established lab than DeepSeek, Alibaba, or Moonshot, benchmark 'outshines rivals' claims are from press coverage of specific tests, not a full independent leaderboard sweep, and smaller ecosystem and less third-party documentation than the more established Chinese labs. At $0.2 in / $1.15 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
MiMo-V2.5 and Step 3.7 Flash overlap enough that the right pick depends on your specific job. MiMo-V2.5 costs less per token; MiMo-V2.5 holds the larger context; and each leads in its own area — MiMo-V2.5 for native omnimodal — strong image and video understanding, Step 3.7 Flash for a 198b-parameter sparse moe vision-language model (11b active) built specifically for agentic coding and search workflows. Rather than crowning one, run the same hard task through both once and let the results decide.
Want both MiMo-V2.5 and Step 3.7 Flash without two subscriptions? LumiChats gives you these plus 40+ models under one ₹69/day pass (about $1/day) — draft with one, cross-check with the other.
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, MiMo-V2.5 leans toward native omnimodal — strong image and video understanding while Step 3.7 Flash leans toward a 198b-parameter sparse moe vision-language model (11b active) built specifically for agentic coding and search workflows, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, MiMo-V2.5 or Step 3.7 Flash?
MiMo-V2.5 is cheaper — $0.14/$0.28 per 1M tokens vs $0.2/$1.15 per 1M tokens, roughly 1.4× apart on input.
Which has the bigger context window?
MiMo-V2.5 — 1M vs 256K, about 3.8× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both MiMo-V2.5 and Step 3.7 Flash together?
Yes — a multi-model platform like LumiChats gives you MiMo-V2.5, Step 3.7 Flash and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, MiMo-V2.5 or Step 3.7 Flash?
Step 3.7 Flash — released May 29, 2026, about 37 days after MiMo-V2.5.
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.