Cohere Parse 5

Cost-effective document parsing at enterprise scale

Context window

Input / 1M tokens

Not announced

Output / 1M tokens

Not announced

Provider

Cohere

Data verified 2026-08-29

Parse 5 is a 2.3-billion-parameter vision language model that converts PDFs, slides, and images into structured Markdown. It extracts tables, forms, images, and preserves document structure without a separate OCR step, optimized for high-volume document processing and cost-effectiveness.

Capability index

Relative estimates (0-100) to place this model against its peers, grounded in published benchmarks.

Coding

Reasoning

Math

Multimodal

Long context

Speed

Cost efficiency

How to access it

Available through Cohere Parse API ($1.50 per 1,000 pages), Microsoft Foundry, AWS SageMaker, and Model Vault (single-tenant deployment).

Get access →Documentation →

Strengths

✓Exceptional price-to-performance ratio at $1.50 per 1,000 pages
✓End-to-end document processing without separate OCR pipeline
✓Supports nine major world languages with stable accuracy
✓High throughput: 4.5 pages per second per GPU

Best for developers who...

Automated invoice and claims processingDocument ingestion for RAG systemsContract parsing and indexingLarge-volume enterprise document workflows

When to choose it (and when not to)

Reach for Cohere Parse 5 when...

→Processing high volumes of documents where cost efficiency is critical
→When you need structured data extraction without complex pipelines

Look elsewhere if...

✕When peak accuracy on charts or visual grounding is required
✕For low-volume processing where general-purpose LLMs may be more appropriate

How to use it

›Provide documents as base64-encoded images for optimal results
›Use for batch processing to maximize throughput and cost savings

Quickstart

Python

import base64
import requests

response = requests.post(
  'https://api.cohere.com/v2/parse',
  headers={'Authorization': f'Bearer {API_KEY}'},
  json={
    'model': 'parse-v5.0',
    'document': {'type': 'image_url', 'image_url': 'data:image/png;base64,{image}'},
    'output_format': 'markdown'
  }
)
markdown = response.json()['pages'][0]['markdown']['content']

Pricing: $1.50 per 1,000 pages via API; $2,500-4,300/month via Model Vault

API model id: parse-v5.0

Benchmarks

Benchmark	Score	Notes
ParseBench	79.2	Vendor-reported across three of five dimensions (tables, content faithfulness, semantic formatting); omits charts and visual grounding

Source: Cohere Official Blog

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