diff --git a/packages/coding-agent/src/core/model-resolver.ts b/packages/coding-agent/src/core/model-resolver.ts
index e6657e9eb..bd331f690 100644
--- a/packages/coding-agent/src/core/model-resolver.ts
+++ b/packages/coding-agent/src/core/model-resolver.ts
@@ -128,13 +128,18 @@ function splitProviderPrefix(
 	text: string,
 	models: readonly Model<Api>[],
 ): { provider: string; modelText: string } | undefined {
-	const slashIndex = text.indexOf("/");
-	if (slashIndex === -1) return undefined;
-	const prefix = text.substring(0, slashIndex).trim().toLowerCase();
-	const modelText = text.substring(slashIndex + 1).trim();
-	if (!prefix || !modelText) return undefined;
-	const provider = models.find((model) => model.provider.toLowerCase() === prefix)?.provider;
-	return provider ? { provider, modelText } : undefined;
+	// Provider ids may contain "/" themselves (e.g. URL-derived ids), so match known ids, longest first
+	const lowerText = text.toLowerCase();
+	let best: { provider: string; modelText: string } | undefined;
+	for (const { provider } of models) {
+		const prefix = provider.trim().toLowerCase();
+		if (!prefix || (best && best.provider.length >= provider.length)) continue;
+		const slashIndex = lowerText.indexOf("/", prefix.length);
+		if (slashIndex === -1 || lowerText.substring(0, slashIndex).trim() !== prefix) continue;
+		const modelText = text.substring(slashIndex + 1).trim();
+		if (modelText) best = { provider, modelText };
+	}
+	return best;
 }
 
 /**
diff --git a/packages/coding-agent/test/model-resolver.test.ts b/packages/coding-agent/test/model-resolver.test.ts
index f8226a2be..018f4c8d1 100644
--- a/packages/coding-agent/test/model-resolver.test.ts
+++ b/packages/coding-agent/test/model-resolver.test.ts
@@ -115,6 +115,8 @@ const referenceCatalog = [
 	referenceModel("gw-b", "claude-opus-4-8"),
 	referenceModel("gw-b", "gw-b/free"),
 	referenceModel("gw-b", "zz:free"),
+	// URL-derived provider id containing "/" (#11394)
+	referenceModel("llama=http://host:10800", "unsloth/qwen-gguf:BF16"),
 ];
 
 type ReferenceExpected =
@@ -152,6 +154,16 @@ const referenceCases: ReferenceCase[] = [
 		text: "openrouter/qwen/qwen3-coder:exacto:high",
 		expected: { model: "openrouter/qwen/qwen3-coder:exacto", thinkingLevel: "high" },
 	},
+	{
+		name: "provider id containing a slash",
+		text: "llama=http://host:10800/unsloth/qwen-gguf:BF16",
+		expected: { model: "llama=http://host:10800/unsloth/qwen-gguf:BF16" },
+	},
+	{
+		name: "provider id containing a slash, with thinking suffix",
+		text: "llama=http://host:10800/unsloth/qwen-gguf:BF16:high",
+		expected: { model: "llama=http://host:10800/unsloth/qwen-gguf:BF16", thinkingLevel: "high" },
+	},
 	{
 		name: "raw id wins when the provider prefix names no matching model",
 		text: "openai/gpt-4o:extended",