/tech

DeepSeek reportedly reaches $1 billion annualized revenue run rate

The Information says the pace more than doubled in months; Reuters could not verify the report, and a 50 billion yuan funding round remains a target.

3 Sources, ,

TLDR

The Information, citing two people with direct knowledge, reports that DeepSeek reached a $1 billion annualized revenue run rate, more than double its pace a few months earlier. Run rate extrapolates current performance rather than measuring revenue already booked for a full year. The report says model price increases of 2.3 to 4.5 times partly drove the rise and that a second funding round targets 50 billion yuan. Reuters could not verify the report, and DeepSeek did not respond immediately.

Featured Source

DeepSeek's annualized revenue run rate has reached $1 billion, more than double its pace a few months ago, The Information reported, citing two people with direct knowledge. Reuters, which relayed the report, said it could not verify the figure and could not immediately reach DeepSeek for comment.

Run rate is an extrapolation of current performance, not the amount of revenue the company has already booked for a full year. The reported figure was shared by CEO Liang Wenfeng at a recent investor meeting, according to The Information.

Higher prices helped lift the pace

The report attributed part of the increase to DeepSeek raising model prices by 2.3 to 4.5 times. That means the higher run rate does not by itself show how much customer usage changed over the same period.

The new estimate follows The Information's August report that DeepSeek generated 475 million yuan, about $70.7 million, from January through July. That earlier total and the new annualized figure measure different things, so they should not be read as interchangeable annual revenue numbers.

Fundraising and a possible listing are separate

DeepSeek is pursuing a second funding round that targets 50 billion yuan, about $7.45 billion, at a 500 billion yuan valuation by the end of October, according to the report. Reuters corrected its story to make clear that this is a private fundraise, not the planned stock listing itself.

The company is separately preparing for a potential listing on Shanghai's STAR Market, but Reuters previously reported that its timing, valuation and fundraising size remain undecided. The Information also said DeepSeek continues to devote more than 70% of its computing capacity to training new models and less than 30% to running existing ones.

Today's Rank

—

Not ranked yet

TLDR

Higher prices helped lift the pace

Fundraising and a possible listing are separate

DeepSeek reportedly reaches $1 billion annualized revenue run rate

TLDR

Higher prices helped lift the pace

Fundraising and a possible listing are separate

DeepSeek reportedly reaches $1 billion annualized revenue run rate

3 Sources

Combined views

Higher prices helped lift the pace

Fundraising and a possible listing are separate

Sentiment

Summary

TLDR

Higher prices helped lift the pace

Fundraising and a possible listing are separate

Sentiment

Summary

Sentiment

Summary

3 Sources