For $n$-vertex $m$-edge graphs with integer polynomially-bounded costs and capacities, we provide a randomized parallel algorithm for the minimum cost flow problem with $\tilde O(m+n^ {1.5})$ work and $\tilde O(\sqrt{n})$ depth. On moderately dense graphs ($m>n^{1.5}$), our algorithm is the first one to achieve both near-linear work and sub-linear depth. Previous algorithms are either achieving almost optimal work but are highly sequential [Chen, Kyng, Liu, Peng, Gutenberg, Sachdev, FOCS'22], or achieving sub-linear depth but use super-linear work, [Lee, Sidford, FOCS'14], [Orlin, Stein, Oper. Res. Lett.'93]. Our result also leads to improvements for the special cases of max flow, bipartite maximum matching, shortest paths, and reachability. Notably, the previous algorithms achieving near-linear work for shortest paths and reachability all have depth $n^{o(1)}\cdot \sqrt{n}$ [Fischer, Haeupler, Latypov, Roeyskoe, Sulser, SOSA'25], [Liu, Jambulapati, Sidford, FOCS'19]. Our algorithm consists of a parallel implementation of [van den Brand, Lee, Liu, Saranurak, Sidford, Song, Wang, STOC'21]. One important building block is a \emph{dynamic} parallel expander decomposition, which we show how to obtain from the recent parallel expander decomposition of [Chen, Meierhans, Probst Gutenberh, Saranurak, SODA'25].

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