DeepSeek-V3.2 (Thinking) vs DeepSeek-V4-Flash-Vision-Exp: Specs & Benchmark Comparison
DeepSeek-V3.2 (Thinking) and DeepSeek-V4-Flash-Vision-Exp both come from DeepSeek, DeepSeek-V3.2 (Thinking) was released in November 2025, and DeepSeek-V4-Flash-Vision-Exp followed 9 months later in August 2026. DeepSeek-V3.2 (Thinking) has a published size of about 685 billion parameters; DeepSeek has not disclosed the parameter count of DeepSeek-V4-Flash-Vision-Exp.
We have 14 benchmark results for DeepSeek-V3.2 (Thinking) and 7 benchmark results for DeepSeek-V4-Flash-Vision-Exp, but they were measured on different benchmarks, so there is no like-for-like scoreboard.
DeepSeek-V4-Flash-Vision-Exp is the cheaper API at $0.22 per million input tokens and $0.66 per million output tokens, about 27% below DeepSeek-V3.2 (Thinking) at $0.28 and $0.42. DeepSeek-V4-Flash-Vision-Exp takes the larger context window at 1M tokens, compared with 131K for DeepSeek-V3.2 (Thinking). DeepSeek-V3.2 (Thinking) accepts text as input, while DeepSeek-V4-Flash-Vision-Exp accepts text and images. On tooling, only DeepSeek-V3.2 (Thinking) supports function calling and only DeepSeek-V3.2 (Thinking) offers structured output.
| Characteristic | DeepSeek-V3.2 (Thinking) | DeepSeek-V4-Flash-Vision-Exp |
|---|---|---|
| Company | DeepSeek | DeepSeek |
| Release Date | November 30, 2025 | August 21, 2026 |
| Parameters | 685B | — |
| Multimodal | No | Yes |
| Context (input) | 131K | 1.0M |
| Context (output) | 66K | 393K |
| Input Price / 1M | $0.28 | $0.22 |
| Output Price / 1M | $0.42 | $0.66 |
| Average Score | 68.5% | 50.4% |
Verdict
DeepSeek-V4-Flash-Vision-Exp leads in 2 out of 4 comparison categories.
Both models show comparable average scores: DeepSeek-V3.2 (Thinking) — 0.7, DeepSeek-V4-Flash-Vision-Exp — 0.5.
DeepSeek-V3.2 (Thinking) is 1.3x cheaper: input $0.28/1M vs $0.22/1M tokens.
DeepSeek-V4-Flash-Vision-Exp supports a larger context: 1M vs 131K tokens.
DeepSeek-V4-Flash-Vision-Exp is newer: released 8/21/2026 vs 11/30/2025.
More About These Models
Frequently Asked Questions
Which is better for coding — DeepSeek-V3.2 (Thinking) or DeepSeek-V4-Flash-Vision-Exp?
Which model is cheaper — DeepSeek-V3.2 (Thinking) or DeepSeek-V4-Flash-Vision-Exp?
Which has a larger context window — DeepSeek-V3.2 (Thinking) or DeepSeek-V4-Flash-Vision-Exp?
The DeepSeek-V3.2 (Thinking) and DeepSeek-V4-Flash-Vision-Exp comparison is updated for 2026. Data includes benchmark results, API pricing, context window size and other specifications. For more detailed information, visit the DeepSeek-V3.2 (Thinking) or DeepSeek-V4-Flash-Vision-Exp page. See also the complete list of AI model comparisons.