DeepSeek’s annualised revenue run rate reaches $1bn, report says

DeepSeek’s annualised revenue run rate has risen to $1 billion, up from under $500 million a few months earlier, driven by a 2.3- to 4.5-fold increase in API pricing and sustained developer demand. The company earned about 475 million yuan ($70.7 million) in the first seven months of 2026, roughly ten times its 2025 revenue. DeepSeek is finalising a $7.5 billion funding round that Bloomberg values at about $74 billion.