AI Margins Compared: DeepSeek API Hits 82.9% Gross Margin

rohanpaul_ai · x · 2026-08-27

Financial comparisons reveal MiniMax lifted revenue 283% to $116.6M with a 17.9% gross margin and a $293M net loss. DeepSeek shows strong efficiency with a 44.6% overall margin and 82.9% for its API business. OpenAI and Anthropic hover around 39-40%. The analysis notes accounting differences, as OpenAI includes free user inference costs, significantly impacting margins compared to Anthropic's paying-user focus.

Related event: DeepSeek reportedly posts $70.7M revenue in seven months, seeks $74B valuation funding(7 posts)→

Original post →

More from Companies & People

Companies & People channel →