MiniMax-M2 is a compact, efficient language model with 10B active (230B total) parameters, optimized for coding and agentic workflows. It achieves near-frontier reasoning and tool use with low latency and deployment cost. The model excels in code generation, multi-file editing, compile-run-fix cycles, and automated test repair, showing strong results on SWE-Bench and Terminal-Bench. MiniMax-M2 performs well in agentic benchmarks like BrowseComp and GAIA, handling long-term planning, retrieval, and error recovery. With a small activation footprint, it delivers fast inference and high concurrency, making it ideal for developer tools, agents, and applications that demand cost-effective, responsive reasoning.