Inception: Mercury 2.5 Preview

inception · Released Aug 31, 2026
DFO score #404 / 706
12.2 leaderboard score
Speed
142 tok/s · best OpenRouter provider
Input Price #184 / 706
$0.040 per 1M tokens
Output Price #198 / 706
$0.150 per 1M tokens
Context #283 / 706
260,000 tokens

Analysis Summary

Inception's Mercury 2.5 Preview is a text model with a 260K-token context, tool use, and function calling. Its listed input and output prices are low, but the supplied record contains no benchmark results for this preview version. Reasoning quality, coding capability, and tool-use reliability therefore remain unverified.

The price and context length make it a plausible candidate for internal trials involving document processing or simple tool-connected tasks. Preview status and missing performance evidence argue against placing it directly in a client-facing or autonomous workflow. Test it on representative prompts, including error cases and structured outputs, before expanding use. It is best treated as an inexpensive evaluation option until its quality and operational consistency are measured.

Assessed September 23, 2026

Editorial notes

Mercury 2.5 Preview offers low listed pricing, a 260K-token context, and tool and function calling, but no benchmark results are provided to establish its performance.

The DFO score ranks models on the Artificial Analysis Intelligence Index and is refreshed as new models launch. The write-up and verdict are our own. Feedback?

DFO Verdict

Mercury 2.5 Preview offers low listed pricing, a 260K-token context, and tool and function calling, but no benchmark results are provided to establish its performance.

#404 of 706 overall Down 4 this week

How Inception: Mercury 2.5 Preview compares

Its 260K-token context window is larger than 60% of the models we list. At $0.04 per million input tokens it is cheaper than 74% of comparable models.

Position in the field
DFO score: ahead of 44% of models #394
Price: cheaper than 74% of models #184
Context: larger than 60% of models #283
worst in fieldmedianbest in field
Price vs frontier peers · $ per 1M tokens
Inception: Mercury 2.5 Preview $0.04 in $0.15 out
Anthropic: Claude Opus 5.5 $4.00 in $20.00 out
Google: Gemini 4 Argon $2.00 in $10.00 out
Anthropic: Claude Fable 5.1 $10.00 in $50.00 out

Dark bar = input · light bar = output, scaled to the priciest peer.

Context window vs peers · tokens

1M tokens ≈ 8 full-length novels or ~2,500 pages of business documents in a single request.

Pricing

Token Type Cost per 1M tokens Cost per 1K tokens
Input $0.04 $0.000040
Output $0.15 $0.000150

What would Inception: Mercury 2.5 Preview cost your business?

Pick the job that looks most like yours, then fine-tune with the sliders. Estimates update live.

A website chatbot handling around 100 customer conversations a day, a few short messages each.

3,000
One request is one message, email, draft or automation call.
1,200 tokens

$0.263/mo Inception: Mercury 2.5 Preview $0.0001 per request
$31.68/mo Anthropic: Claude Opus 5.5 $0.01 per request
$7.92/mo Google: Gemini 4 Argon (batch) · best value $0.0026 per request

Full calculator with 706 models → Price Calculator

DFO AI AUTOMATION

These numbers get smaller with the right architecture.

We route routine calls to cheap models and save Inception: Mercury 2.5 Preview for the hard ones. Most clients cut their estimate by 60-80%.

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About Inception: Mercury 2.5 Preview

Mercury 2.5 is the fastest reasoning LLM, and the latest diffusion LLM (dLLM) from Inception. Instead of generating tokens sequentially, Mercury 2.5 produces and refines multiple tokens in parallel, achieving..

Frequently asked questions about Inception: Mercury 2.5 Preview

How much does Inception: Mercury 2.5 Preview cost?

Inception: Mercury 2.5 Preview costs $0.04 per million input tokens and $0.15 per million output tokens.

What is the context window of Inception: Mercury 2.5 Preview?

Inception: Mercury 2.5 Preview has a context window of 260,000 tokens (260K).

What can Inception: Mercury 2.5 Preview do?

Inception: Mercury 2.5 Preview supports tool use and function calling.

Who created Inception: Mercury 2.5 Preview?

Inception: Mercury 2.5 Preview is developed by Inception and was released on August 31, 2026.

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