DeepSeek Annualized Revenue Approaching $500 Million, V4 API Gross Margin Exceeds 50%

According to monitoring by Beating and as reported by *The Information* citing informed sources, DeepSeek's recent annualized revenue has reached $400 million to $500 million. The revenue primarily comes from enterprises and developers invoking models via APIs. Annualized revenue is calculated based on the recent revenue pace projected over a year and does not represent actual full-year revenue. Informed sources also stated that DeepSeek's V4 API gross margin exceeds 50%. Although the company charges significantly less than OpenAI and Anthropic, it has optimized its infrastructure to reduce the chips required to run its models. DeepSeek is also planning to raise an additional 50 billion yuan, with a valuation of approximately 500 billion yuan, equivalent to $74 billion. Based on the upper limit of annualized revenue, the valuation is about 148 times its revenue. This aligns with the previously disclosed valuation of 480 billion yuan, approximately $71 billion, from the same funding round, with slight differences in reported figures due to varying calculation methods. DeepSeek is also preparing to bring in overseas investors, including those from the Middle East, and will allow them to invest in U.S. dollars. All related revenue, gross margin, and fundraising data come from informed sources. DeepSeek has yet to respond. [Original Link]