DeepSeek's Revenue in First 7 Months Reaches 475 Million Yuan, Up 9-Fold from Full-Year 2025
Bubble signal: +1 · Overheating evidenceRelevance 75FundingChina
Source: 36Kr · Published 2026-08-26
Summary
According to sources, DeepSeek's revenue in the first seven months of 2026 was about 475 million yuan (about $70.7 million), roughly ten times its full-year 2025 revenue. Net loss during the period was about 715 million yuan, narrowing from 935 million in 2025. The company is in talks with investors to raise 50 billion yuan at a valuation target of 500 billion yuan.
Bubble analysis
Despite rapid revenue growth, DeepSeek still posts significant losses, and its fundraising valuation of 500 billion yuan far exceeds its current revenue, illustrating the wide gap between AI startup valuations and fundamentals, a micro-level sign of a bubble.
#china#valuation#deepseek#funding
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