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.
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