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DeepSeekReleased on Dec 1, 2025

DeepSeek-V3.2 (Thinking): Benchmarks, Pricing & Context Window

DeepSeek-V3.2 (Thinking) is a language model from DeepSeek, released in December 2025.

DeepSeek-V3.2 in thinking mode. A powerful reasoning model with 685B parameters using DeepSeek Sparse Attention (DSA). This mode enables extended chain-of-thought reasoning for complex problem-solving tasks. Supports JSON output and tool

Input
Text
Output
Text

DeepSeek-V3.2 (Thinking) benchmarks

Capability tiers

Standing within each category, adjusted for leaderboard depth.

Real tasks performance

High-confidence performance for DeepSeek-V3.2 (Thinking) across real-world prompt categories. Only 95% intervals at most 4 points wide are shown.

Performance by conversation depth

How DeepSeek-V3.2 (Thinking) holds up as conversations get longer.

Quality Tracker

DeepSeek-V3.2 (Thinking) Performance Across Datasets

Scores sourced from the model's scorecard, paper, or official blog posts

LLM Stats Logollm-stats.com - Wed Sep 09 2026
Notice missing or incorrect data?

DeepSeek-V3.2 (Thinking) pricing

Providers

DeepSeek-V3.2 (Thinking) starts at $0.280 per million input tokens and $0.420 per million output tokens via DeepSeek.

ProviderInput $/MCached input $/MOutput $/MContext in / outTTFT p95 sOutput p5 c/sModalities in / out
DeepSeek logoDeepSeek
$0.280$0.420131.1K/65.5K
0.50
/

Cached input is the discounted price for prompt tokens served from a provider cache. TTFT is time to first token. Output is characters per second; p5 is the sustained floor exceeded by 95% of observed requests.

DeepSeek-V3.2 (Thinking) model size

DeepSeek-V3.2 (Thinking) has 685 billion parameters. See how it compares to other models in the same parameter range.

Parameters
685BMoE
Frontier (200B+)
685B
1B7B70B405B

DeepSeek-V3.2 (Thinking) context window

Input and output token limits for DeepSeek-V3.2 (Thinking), plus how it ranks on long-context understanding.

InputOutput
131Ktokens
66Ktokens
197 pages of text
131K
8K128K1M

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DeepSeek-V3.2 (Thinking)in Huggle

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DeepSeek-V3.2 (Thinking)

DeepSeek-V3.2 (Thinking) latency

DeepSeek-V3.2 (Thinking) time to first token, sustained output throughput, and failed-request rate from live model usage over the trailing 7 days.

DeepSeek-V3.2 (Thinking) examples

Recent arena outputs from DeepSeek-V3.2 (Thinking), picked from the highest-ranked matchups.

DeepSeek-V3.2 (Thinking) license

DeepSeek-V3.2 (Thinking) is released under the MIT license, which permits commercial use, has 685.0B parameters.

License
MIT
Commercial use allowed
Parameters
685.0B

MIT License - allows commercial use

DeepSeek-V3.2 (Thinking) resources

Official sources for DeepSeek-V3.2 (Thinking): provider documentation, official playground, paper or system card, model weights.

DeepSeek-V3.2 (Thinking) vs other models

The most-compared alternatives to DeepSeek-V3.2 (Thinking) are Grok-3, Seed 2.0 Lite, MAI-Thinking-1. Open any pair side-by-side for benchmarks, pricing, context, and latency.

Models like DeepSeek-V3.2 (Thinking)

Models ranked just above and below DeepSeek-V3.2 (Thinking) by LLM Stats score.

 

Grok-3

Score pending
 

Seed 2.0 Lite

Score pending
 

MAI-Thinking-1

Score pending
 

Gemma 4 26B-A4B

Score pending
 

Claude Sonnet 4

Score pending
 

Seed 1.8

Score pending

FAQ

Common questions about DeepSeek-V3.2 (Thinking).

When was DeepSeek-V3.2 (Thinking) released?

DeepSeek-V3.2 (Thinking) was released on December 1, 2025 by DeepSeek. This is the official DeepSeek-V3.2 (Thinking) release date tracked on LLM Stats.

How much does DeepSeek-V3.2 (Thinking) cost?

DeepSeek-V3.2 (Thinking) pricing starts at $0.28 per million input tokens and $0.42 per million output tokens via DeepSeek, the lowest price among tracked providers.

How big is DeepSeek-V3.2 (Thinking)?

DeepSeek-V3.2 (Thinking) has 685 billion parameters. It ships as an open-weight model, so you can download and run it on your own hardware.

Who created DeepSeek-V3.2 (Thinking)?

DeepSeek-V3.2 (Thinking) was created by DeepSeek.

What is the license for DeepSeek-V3.2 (Thinking)?

DeepSeek-V3.2 (Thinking) is released under the MIT license. This is an open-source / open-weight license that permits self-hosting.

What is DeepSeek-V3.2 (Thinking) latency?

DeepSeek-V3.2 (Thinking) p95 time to first token is 0.50 seconds via DeepSeek over the trailing 7 days. Lower time to first token means the model begins responding sooner for chat, agents and model workloads.

Where can I use DeepSeek-V3.2 (Thinking)?

DeepSeek-V3.2 (Thinking) is available through 1 provider including DeepSeek.

Where is the DeepSeek-V3.2 (Thinking) paper or technical report?

DeepSeek-V3.2 (Thinking) has a paper or technical report available at https://huggingface.co/deepseek-ai/DeepSeek-V3.2/resolve/main/assets/paper.pdf. Use that source for architecture, training, release and evaluation details.

What models should I compare DeepSeek-V3.2 (Thinking) against?

Common DeepSeek-V3.2 (Thinking) comparisons include DeepSeek-V3.2 (Thinking) vs Grok-3, DeepSeek-V3.2 (Thinking) vs Seed 2.0 Lite, DeepSeek-V3.2 (Thinking) vs MAI-Thinking-1. Compare them side by side for benchmark scores, pricing, context window, latency and provider availability.