DeepSeek's Annual Revenue Doubled to US$1 Billion Ahead of IPO
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According to a report by The Information, citing sources familiar with the matter, DeepSeek's annual recurring revenue (ARR) has exceeded the US$1 billion mark, more than doubling from less than US$500 million a few months ago. Liang Wenfeng, CEO of DeepSeek, disclosed this data at a recent investor conference, explicitly stating that the API price increase has not caused customer churn and user demand remains strong. From a "technical surprise attacker" to a "commercialized giant," DeepSeek is currently undergoing a crucial identity transformation. Behind this change is a systematic layout encompassing finance, organization, technology, and computing power. The main driver of revenue growth comes from the API price adjustment in mid-August. DeepSeek raised model call prices to 2.3 to 4.5 times their original value, with the increase particularly significant for cached hits – taking V4 Pro as an example, the price for cached inputs during peak times increased by approximately 1100%, while increases for other items vary depending on the period and token type. The price increase has not led to customer churn, which in itself is a market validation. Liang Wenfeng openly stated at the investor conference that user demand remains strong after the price adjustment. Even more remarkable is the quality of the revenue. According to reports from The Information, DeepSeek's revenue in...
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