Mistral Small 4
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Mistral | 262,144 token context | $0.15/M input, $0.60/M output. Mistral Small 4 is the next major release in the Mistral Small family, unifying the capabilities of several flagship Mistral models into a single system. It combines strong reasoning from Magistral, multimodal understanding from Pixtral, and agentic coding capabilities from Devstral, enabling one model to handle complex analysis, software development, and visual tasks within the same workflow.
Guides for this model

Best local LLM by use case (October 2026): the right open model for every job
How much VRAM do I actually need for local AI?
What is a GGUF file? Quantized models explained (Q4, Q8, fp8, NF4)
Captain's notes
Notes from 2026-10-13
Mistral Small 4 is a 119B mixture-of-experts model from Mistral AI that rolls reasoning, vision, and agentic coding into one system under an Apache 2.0 licence. With only 6.5B parameters active per token, it runs faster than its size suggests, and the 256k context window handles long documents without fuss. If you want a single open-weights model that can switch between quick chat and deliberate reasoning on demand, this is a serious candidate.
Known for
- Per-request reasoning toggle: fast mode or deliberate reasoning, your call.
- Vision input built in — attach images for analysis or document extraction.
- Native function calling and JSON output for agentic and tool-use workflows.
- Apache 2.0 licence: commercial use, fine-tuning, self-hosting all permitted.
- 40% faster end-to-end completions and 3× the throughput of Mistral Small 3.
Watch out for
- 119B total parameters means local deployment needs serious hardware; check VRAM before committing.
- Output is text only — no image generation or audio output despite multimodal input.
- Reasoning mode is only worth enabling for complex prompts; leaving it on by default adds latency.
Prompts to try
Debug a failing agent loop
I have a Python agent that calls a search tool, then a summarisation tool, then writes a report. After the first tool call it stops and returns an empty string. Here is the code: [paste yours]. Walk me through what is likely going wrong and rewrite the loop so it completes all three steps reliably.
Reason through a tricky plan
A small software team has three engineers. Engineer A can only review code, not write it. Engineer B writes fast but introduces bugs that A catches. Engineer C writes slowly but cleanly. A critical feature is due in five days. Reason step by step through how to assign work to ship on time with the fewest defects.
Extract data from an image
I am attaching a screenshot of an invoice. Extract the vendor name, invoice number, line items with quantities and unit prices, subtotal, tax amount, and total due. Return the result as a JSON object with those exact keys.
Compare with
- Mistral Large 4API-only model1,048,576 token context · $0.68/M input, $2.09/M output
- Mistral LargeAPI-only model128,000 token context · $2.00/M input, $6.00/M output
- Mistral Medium 3.5API-only model262,144 token context · $1.50/M input, $7.50/M output
- Mistral Medium 3API-only model131,072 token context · $0.40/M input, $2.00/M output
More text models from mistralai
Questions people ask
- Can I run Mistral Small 4 locally?
- Yes — the weights are open under Apache 2.0 and available on Hugging Face at mistralai/Mistral-Small-4-119B-2603. Mistral also publishes an NVFP4 quantised checkpoint and an Eagle speculative-decoding head to cut memory and improve speed, though 119B total parameters still demands substantial hardware.
- What does Mistral Small 4 cost via API?
- Mistral prices it at $0.15 per million input tokens and $0.60 per million output tokens, with a 256k token context window.
- How is Mistral Small 4 different from earlier Mistral Small models?
- It merges three previously separate model lines — the instruct, reasoning (Magistral), and coding (Devstral) families — into one model with a switchable reasoning mode, vision input, and agentic function calling, while running significantly faster than Mistral Small 3.
Captain's verdictA rare open-weights generalist that earns its keep across coding, vision, and reasoning without forcing you to juggle three separate models.
Model card on Hugging Face
Captain writes these notes from the model's own description and model card. Prices and context sizes are the provider's at the time of writing and can change.
Ranking badge
Updated Oct 22, 2026
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How this score adds up
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Glossary: the terms used here
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- Full model (checkpoint)
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- LoRA and embedding
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- Trend
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- Typical model
- The middle of the catalog: half the models with a figure grew faster over the period, half slower.
